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Ceramic Fibers Market Analysis:
Ceramic fibers are part of high-temperature fibers designed to be used in variety of industrial and commercial applications. These fibers are made of alumina, silica, and other metal oxides. This fiber is white, odorless, and suitable for high-temperature applications. The ceramic fibers market is likely to see considerable growth during the forecast period, owing to increase in use in iron & steel and in petrochemical industry for insulation purpose. Its key characteristics include lightweight, high thermal conductivity, thermal shock resistance, enhanced temperature stability, and high chemical resistance. The thermal protection of ceramic fibers makes it suitable for different sectors, including oil & gas and iron & steel, which drives the growth of the ceramic fibers market.
COVID-19 scenario analysis
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Lightweight and low conductive features of ceramic fibers help in conserving energy by preventing escape of heat in various industrial processes. This saves nearly 20% of the energy and decreases the cost of production, which contribute toward the growth of the global ceramic fibers market. However, increase in health issues due to overexposure to ceramic fibers restrains the growth of the global market. This is attributed to the fact that ceramic fibers less than 1-mm diameter affect the lungs during the manufacturing process. Conversely, ceramic fibers are expected to witness increase in adoption, owing to rise in demand for industrial heaters and kilns, due to energy-saving features, which is likely to offer potential growth opportunities for the global market.
New product launches to boost the market
Nutec Inc., one of the manufacturers of industrial high temperature insulation products, declared the extension of its assembling office of high-temperature protection fleece in Huntersville, North Carolina. The facility will mostly be managing the creation of low bio-persistent insulation products and refractory ceramic fibers.
Surge in usage in ceramic fibers in industrial applications
Ceramic fiber, due to its high-temperature properties, are being utilized in wide range of applications, including aviation and alternative energy. Clay fiber, which is extremely solid and lightweight, is gradually reforming the avionic business. In February 2018, Unifrax LLC propelled lightweight needled covers under the Insulfrax LTX brand. These low bio-tenacious covers offer upgraded physical properties at decreased expenses and a decrease in arranging thickness by to 25%.
Key benefits of the report
Questions answered in the global ceramic fibers market research report:
Ceramic Fibers Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | NutecFibratec, Lewco Specialty Products, Morgan Advanced Materials Plc., NGP Industries Limited, Unifrax I LLC, Yeso Insulating Products Co. Ltd., Rath Inc. |
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