The Global Ceramic Fiber Market was valued at USD 1.8 Bn in 2020 and is expected to reach USD 3.2 Bn by 2027, with a growing CAGR of 8.7% during the forecast period.
Ceramic fiber is made from high-purity aluminosilicate material, which is melted and fiberized in a high-temperature furnace under strict control. The fiber is white and odorless, and it can withstand temperatures of up to 2300°F. Cloth, tape, rope, braid, tubing, paper, blanket, and other CeraTex Ceramic Fiber products are commonly used.
Increasing demand for ceramic fiber in high temperature applications is anticipated to drive the ceramic fiber market growth. The process operates at 600–1,700°C in end-use sectors including petrochemical, iron & steel, aluminum, ceramic, aerospace, and automotive, which is a temperature range where only a few materials can function. The ceramic fiber is utilized in these end- use industries. For instance, NASA utilizes, Superhero ceramics Nextel was used to make this item. Nextel is the miracle ceramic fabric that covers NASA's Space Shuttles and safeguards satellites from being smashed to bits. It's stronger than aluminum, fireproof, and can survive meteoroids. The use of ceramic fiber in NASA, and aerospace industries is anticipated to drive the demand for ceramic fibers.
Given Nextel's success in space flight, it only makes sense that the fabric might also be used in aviation. At 2,000 degrees Fahrenheit, Nextel Flame Stopping Dot Paper can withstand fire penetration for more than four minutes. It's ideal for lining and safeguarding surfaces throughout airplane compartments because of its high resistance. Nextel, on the other hand, isn't just good at putting out fires.
Ceramic fiber products are also deployed as heat insulation for kitchen utensils, naval vessels, and structures, fire prevention insulation, general heat containment in ships, catalytic converters, and emission reduction in the automotive industry, furnace door linings, chimneys, and other applications.
The unique insights provided by this report also include the following:
Based on type, the refractory ceramic fiber segment accounted for the largest market share in the global ceramic fiber market as it is slight weight & durable as compared to other materials
The RCF used in this area is being driven by growing building activities, high output of iron and steel, and aluminum sectors, rising need for flexible, durable, and lightweight materials, rising quality of living, and high per-capita expenditure. The use of RCF in construction is expected to foster the ceramic fiber market growth. For instance, the rising construction activities especially in the gulf region are anticipated to drive the demand for RCF. The FIFA World cup 2022, and the construction of football stadiums are expected to utilize RCF for their construction activities. Additionally, Expo 2020, which is postponed due to covid-19 pandemic is expected to have a long-term influence on Dubai's tourism and economy. Despite the COVID-19 pandemic, more than 150 hotels are now under construction in Dubai. In 2021, 79 new hospitality facilities with a total of 26,168 rooms would be used in the Expo.
Based on end-user segment, petrochemicals& refining segment accounted for the largest market share in the overall ceramic fiber market due to its application in furnaces
Due to its significant usage in furnaces and boilers for refining crude and petrochemicals production, the refining and petrochemical sector had the largest market share in the ceramic fiber industry and is anticipated to expand at the fastest pace over the projection period. The growing demand for ceramic fiber in the refining and petrochemical sector is driven by the need to reduce operating costs, improve dependability, and reduce energy consumption in furnace linings, roofs, and walls. For instance, as new refineries operate in the UAE, Saudi Arabia, Iraq, and Oman, oil product sales in the Middle East might reach 8 million-9 million b/d by 2023. Due to poor demand for refined goods across the globe, Saudi Arabia's Jazan refinery is only anticipated to attain full output by mid-2022. By early Q2, Jizan could be producing initial test shipments of on-spec goods. Commercial runs will not begin until June, with the refinery reaching 200,000 barrels per day by late 2021 and maximum output capacity of 400,000 barrels per day by mid-2022.
Based on regions, the ceramic fiber market in Asia-Pacific accounted for the largest market share in 2020 owing to rising construction activities in this region supporting ceramic fiber market growth
Geographically, Asia-Pacific is estimated to dominate the ceramic fiber market growth during the forecast period. Countries such as China and India are engaged in extensive R&D initiatives. In addition, rising building activities to meet the region's growing population, as well as a strong demand for lightweight and low-cost alternative goods. Due to the rising industrialization and low-cost production technologies, China is anticipated to support the ceramic fiber market in Asia-Pacific. The region's manufacturing costs are lower than those in other regions, most major players in the market have production facilities in Asia-Pacific. For instance, Zhejiang Petrochemical Daishan Xylene Plant 2 is a major project with a capacity of 4.80 mtpa and a cost of USD4.5 billion that is estimated to get completed by 2025 in China. The new facility is now under development and is scheduled to begin operations in 2022.
The report also provides in-depth analysis of Ceramic Fiber market dynamics such as drivers, restraints opportunities and challenges
Note: Challenges along with in-depth market dynamics analysis is mentioned in the report.
The Covid-19 outbreak had a considerable impact on business and consumer behavior in the global ceramic fiber market, resulting in decline in the refining and petrochemical and power generation industries. The marine and automotive industries are projected to recover slowly, as the collapsed demand would take 6-8 quarters to fully recover. The power generation industry is likely to sustain its development momentum, aided by government spending. Though the market is gradually improving, the chemical and petrochemical sectors resume a steady growth path.
The report also provides in-depth analysis of key trends in ceramic fiber market
The report also provides in-depth analysis of recent news developments and investments
Company Profiles and Competitive Intelligence
The key players operating in the Ceramic Fiber market are:
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.