Ceramic textile market

Asia Pacific dominates the Global Ceramic Textile Market
Market Overview:
Products made from ceramic materials are often employed as components in mechanical and
plant engineering processes that need thermal and chemical resistance. These ceramic textile
composites can be further mixed with magnetic powders, resulting in higher permeability in the
product thus developed. Polymer-ceramic composites exhibit high permittivity with restricted
loss tangent, depending on the mix ratio. The size of the global ceramic textile market was close
to USD 99.56 million by revenue, at the end of 2018 and is estimated to reach around USD
159.98 million by 2024, growing at a CAGR of 9.95% over the forecast period.
Market drivers and restraints:
The market is majorly driven by the demand for ceramic textile in key end-use industries such
as the steel, petrochemical, and aluminum industries. Also, the market demand for the RCF
fiber type all across the world for its extensive applicability boosts the expansion of the market.
Nevertheless, the prices related may restrain the market in the forecast period. Also, the
market concentration in regions like the Asia Pacific suppresses the market growth in areas like
the Middle East and Africa.
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Report segmented as:
By type:
Alumina-Silica Ceramic Fiber
Refractory Ceramic Fiber
By end-user:
Iron & Steel
Power Generation
Geographical analysis:
Based on geography, the global ceramic textiles market is segregated into regions, namely
North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific is
a key, rapidly growing market for ceramic textiles, due to the infrastructural growth in this
region, besides the presence of emerging economies and rising industrialization. APAC is
followed by North America and Latin America.
Important market players:
Key players in the global market are Morgan Thermal Ceramics, KEIR Manufacturing Inc., Ibiden
Co. Ltd., Luyang Energy-saving Materials Co. Ltd., Kyocera Corporation, Mineral Seal
Corporation, Morgan Advanced Materials Plc., Rath Inc., Rauschert Steinbach GmbH, The 3M
Company, Unifrax Corporation, Zircar Zirconia, Inc., and Toyo International.
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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.
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Ceramic Textile Market is expected to reach a total of USD 159.98 Million by the end of 2023 with a 9.95 % CAGR.