Ceramic fiber market

High demand from petrochemical industry drives the Global Ceramic Fiber
Market Overview:
Ceramic fiber is associate insulation fabricated from an alumina-silica composition, held along
with an inorganic binder. It exhibits properties like lightweight and low-density that make it
appropriate for high-temperature applications needing low thermal mass. The global ceramic
fiber market was expected at USD 1.71 billion in 2018 and is estimated to reach USD 2.72 billion
in 2023 with a CAGR of 9.84% throughout the forecast period.
Market drivers and restraints:
The noteworthy drivers of the global ceramic fiber market are its high demand from the
foremost end-use industries like iron & steel, refining & petrochemical, power generation,
chemical, transportation, and others. The high demand for ceramic properties could be
attributed to the superior properties exhibited such as lightweight, thermal stability, high
thermal insulating performance, excellent resistance to thermal shock, and low thermal
conductivity. Addition to these properties, it also exhibits small heat storage, high sound
absorption, excellent resistance towards corrosion and chemicals, and chemical stability. The
increasing need for this fiber from the refining & petrochemical industry is one of the critical
promoters of the global ceramic fiber market.
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Report segmented as:
By type:
refractory ceramic fiber
alkaline earth silicone
By product form:
By end user:
refining & petrochemical
iron & steel
power generation
Geographical analysis:
On the basis of geography, the global ceramic fiber market is segregated into regions of AsiaPacific, North America, Europe, Latin America, and the Middle East & Africa. The market in
Europe and North America is estimated to witness continuous growth due to the decelerating
industrialization in both the regions.
Important market players:
Important key players in the global ceramic fiber market include Morgan Advanced Materials
HarbisonWalker International (US), Isolite Insulating Products Co., Ltd. (Japan), NUTEC (Mexico),
Rath-Group (US), FibreCast, Inc. (US), Pyrotek (US), and CeramSource, Inc., (US).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation
of the market. It helps us understand the market better through size anticipation and CAGR
calculation to estimate the next market. It has a broader segmentation for better
understanding of the enterprising of the market at a low level by segregating the market into
smaller sectors.
Apart from the syndicated report, our in-house team has expertise and experience in designing
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In the report, the Ceramic Fiber Market has been studied for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South