Ceramic Paper Market Analysis :
Ceramic paper is referred to 1- or 2-mm thick sheet, which is produced from refractory fibrous material. Ceramic paper demonstrates various properties such as low thermal conductivity, low heat storage, and thermal shock resistance, which are expected to boost its demand across the globe. It is manufactured by non-woven method, and is popular for its superior insulating property. High thermal efficiency, lightweight, and flexible nature make it preferable over its substitute such as Silcawool in various industries. Ceramic paper finds its applications in industries such as aerospace, appliances, ceramic & glass, petrochemical, and automotive. Moreover, ceramic paper is used as an intermediate in making ceramic towel holders, vases, and other decorative articles for the interior of buildings. Rise in demand for ceramic paper in high temperature insulation is expected to boost the market growth during the forecast period.
COVID-19 scenario analysis
The outbreak of coronavirus has disrupted the global economy by halting the operations of industries, including iron & steel, aluminum, and the power generation. The lockdown has forced the industries to shut down their power plants. In addition, lack of labor supply and disruption of the supply chain have negatively impacted these industries. The stay home policy implemented by the government has led to dearth in man power in the plants. The lockdown has further reduced the prices of crude oil and have declined the demand for consumer appliances. These factors are expected to reduce the demand for the ceramic paper during the forecast horizon.
Market scenario analysis
Expansion of the automobile and construction & building industries is expected to propel the demand for ceramic paper. In addition, increase in population along and steady rise in the disposable income are expected to boost the growth of the global market. Furthermore, the market growth is driven by increase in adoption of ceramic paper in the construction sector for thermal and acoustic insulation due to its resistance to tearing, shocks, and low thermal conductivity and thermal mass. Therefore, rise in demand for smart cities and development of the construction industry are expected to augment the ceramic paper market during the forecast period. The use of ceramic paper in the petrochemical industry to save energy, reduce carbon emission, minimize and operating costs boosts the market growth. However, high production costs involved in manufacturing of ceramic paper is expected to hinder the market growth during the forecast period.
Market trends
One of the recent trends that boost the market growth is the application of ceramic paper in the aircraft industry. Ceramic paper is used in the insulation of oxygen generators, igniter line production, gaskets, fuselage, heat shields, and noise cone ablative shields. Various benefits offered by ceramic paper such as weightlessness, high strength, and superior fire-resistant characteristics make it a preferable choice by the aircraft manufacturers. Furthermore, surge in demand in the aircraft industry and increase in number of aircraft are anticipated to propel the growth of the target market. Moreover, research and development activities to make aircraft lighter, safer, and efficient are projected to drive the growth of the aerospace industry, which, in turn, is likely to contribute toward the growth of the ceramic paper market during the forecast period.
Regional insights
Rapid industrialization in developing countries such as India, China and Indonesia is the key growth factor of the ceramic paper market in the Asia-Pacific region. Moreover, rise in demand for ceramic paper from the automobile industry in China and India is anticipated to boost the market growth during the forecast period. However, North America and Europe are expected to witness significant growth, due to development of the aerospace industry. U.S., France, the UK, and Germany are the countries contributing toward the growth of the aerospace industry, which is expected to drive the ceramic paper market growth.
Key benefits of the report
- This study presents the analytical depiction of the global ceramic paper 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 ceramic paper market share.
- The current market is quantitatively analyzed to highlight the global ceramic paper 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 paper market research report:
- Which are the leading players active in the global ceramic paper market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Ceramic Paper Market, by Product Type Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | Galaxy Enterprise, Morgan Thermal Ceramics, Rath Incorporated, Unifrax LLC, Isolite Insulating products Co., Ltd., Vitcas Ltd., Nutec Inc., Millenium Multi Trade Pvt. Ltd., ShadongLuyang Share Co., Ltd., Imperial World Trade, Shree Ceramic FibersPvt. Ltd., Yeso Insulating Products, Ltd. |
Loading Table Of Content...
