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Ceramic Fibers Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A07301
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Dec 2020 | 53 Views
 
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Ceramic Fibers Market Analysis 2020-2027:

 

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.

Market scope and structure analysis

Report Metric

Details

Market size available for years

2020–2027    

Base year considered

2019                   

Forecast period

2020–2027                            

Forecast units

Billion (USD)

Segments covered

Type, product, end-use industry, and region

Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the rest of Europe), Asia- Pacific (China, Japan, India, and the rest of Asia Pacific), and LAMEA (Brazil, south Africa, and the rest of LAMEA)

Companies covered

 

Unifrax I LLC, NGP Industries Limited, Morgan Advanced Materials Plc., Lewco Specialty Products, Yeso Insulating Products Co. Ltd., NutecFibratec, and Rath Inc.

COVID-19 scenario analysis

  • Extended lockdown affected the production process due to limited labor force and social distancing norms. Ceramic fibers functioning in Iron and steel, petrochemical and aluminum which is a significant factor for economic growth.
  • Iron and steel is affected largely due to limited production or complete shutdown during this pandemic. This leads to decrease in demand for both upstream and downstream processes, thus negatively impacting the market demand for ceramic fibers.
  • In addition, new government restrictions on exports and imports in global market have affected the market demand.

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 segments covered

Segment

Subsegment

Type

  • Refractory Ceramic Fiber (RCF)
  • Alkaline Earth Silicate (AES)
  • Wool

Product

  • Blanket
  • Module
  • Board
  • Others

Industry

  • Refining & Petrochemical
  • Iron & Steel
  • Power Generation
  • Others

Key benefits of the report

  • This study presents the analytical depiction of the global ceramic fibers industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global ceramic fibers market research report:

  • Which are the leading market players active in the global ceramic fibers market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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