DUBLIN--(BUSINESS WIRE)--The "Ceramic Fiber Market by Type (RCF and AES Wool), Product Form (Blanket, Board, Paper, and Module), End-use Industry (Refining & Petrochemical, Iron & Steel, Power Generation, and Aluminum), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The global ceramic fiber market is estimated at USD 1.63 billion in 2017 and is projected to reach USD 2.59 billion by 2022, at a CAGR of 9.8% from 2017 to 2022
Growth of the market is driven by the high thermal efficiency of ceramic fiber products as compared to conventional insulation materials. Also, there is an increasing demand for less toxic solutions from various end-use industries, which is leading to high demand for low bio-persistent products which are non-carcinogenic. However, stringent regulations associated with the use of toxic carcinogenic products, such as RCF, act as a major restraint for the market.
Based on type, RCF is estimated to account for the largest share of the global ceramic fiber market in 2017. This large share is mainly attributed to the high demand for low-cost, high thermal stability, low heat storage, and lightweight ceramic fiber, which is used majorly in the iron & steel, refining & petrochemical, and power generation industries.
Based on product form, the ceramic fiber blanket is estimated to account for the largest share of the global ceramic fiber market in 2017. This large share is majorly attributed to the high demand for insulation material from the shipping, metal, automobile, and space industries.
Based on end-use industry, the refining & petrochemical segment is projected to lead the market between 2017 and 2022. Ceramic fiber is primarily used in boilers, fired heaters, and Fluid Catalytic Cracking Units (FCCUs) to offer effective solutions for energy requirements in the refining & petrochemical industry. Along with high-temperature requirements, ceramic fiber products are manufactured to withstand tough and corrosive manufacturing conditions in the petrochemical industry.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Ceramic Fiber Market, By Type
7 Ceramic Fiber Market, By Product Form
8 Ceramic Fiber Market, By End-Use Industry
9 Ceramic Fiber Market, By Region
10 Competitive Landscape
11 Company Profiles
- ADL Insulflex Inc.
- Ceramsource, Inc.
- Double Egret thermal Insulation
- Fibrecast Inc.
- Harbisonwalker International Inc.
- Ibiden Co., Ltd.
- Isolite Insulating Products Co. Ltd.
- Lewco Specialty Products, Inc.
- Luyang Energy-Saving Materials Co., Ltd.
- Morgan Advanced Materials Plc
- Nutec Fibratec
- Other Key Players
- Promat International Nv
- Pyrotek Inc.
- Rath Inc.
- Unifrax I LLC
- Yeso Insulating Products Co. Ltd.
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