Ceramic Fiber Market by Type (Refractory Ceramic Fiber (RCF), Alkaline Earth Silicate (AES) Wool), Product Form (Blanket, Board, Paper, Module), End-use Industry (Refining & Petrochemical, Metal, Power Generation), and Region - Global Forecast to 2029
In terms of value, the ceramic fiber market is estimated to grow from USD 2.3 billion in 2024 to USD 3.5 billion by 2029, at a CAGR of 8.6%. The increasing use of ceramic fiber insulation is due to its property of better thermal conductivity and its light weight which makes it suitable for high temperature applications in the aerospace, manufacturing, energy sector and others. Also, the enhancement of energy efficiency standards and the implementation of sustainable development are the other major factors which are driving its acceptance in diverse segments. Moreover, the rising population in the Middle East & Africa and Asia Pacific, changing customer energy saving norms, increasing industrial expansion in Asia Pacific region are driving the ceramic fiber market. In addition, due to changing sustanibility goals, environmental norms, and changing regulations, there is an escalating desire for bio-based and energy efficient ceramic fibers.
Scope of the Report
Years Considered for the Study
2018-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Volume (Kiloton) and Value (USD Million)
Segments
Type, Product Form, End-use Industry, and Region
Regions covered
Asia Pacific, North America, Europe, Middle East & Africa, and South America
"Board was the third-largest product form of ceramic fiber market, in terms of value, in 2023."
Third largest product in the ceramic fiber market is ceramic fiber board that has flexible application in its usage as well as installation. It is extensively used for heat insulation, and may be subjected to high heat, thus being most suitable for use in kilns, furnaces, and industrial ovens. Due to its light weight and dimensional stability it is best use in densely populated or small areas where space is limited. Furthermore, expansion of the energy saving and fire protective materials and solutions demands in numerous sectors have also boosted its trend. In a drive to find the best insulating mediums, ceramic fiber boards are gradually becoming a common product among manufacturers.
"Power generation is projected to be the second-fastest growing end-use industry of ceramic fiber market, in terms of value, during forecast period."
The power generation segment is expected to hold the second largest market share in the global ceramic fiber market owing to rising demand for high insulation solutions to operate efficiently and minimize expenses. In power plants, ceramic fibers are said to play an indispensable role because they are used to insulate high temperature equipment including turbines, boilers and furnaces, in order to reduce heat losses and enhance overall system performance. Environmental push towards cleaner energy and increased development in power engineering induction, therefore, also has an impact on the requirement for ceramic fibers. Also, the concerns with regards to prolonging the life durability of equipment, and decreasing the regularity of maintenance, can also aid in the expansion of ceramic fibers in this demand.
"The Middle East & AFrica is projected to be the second fastest-growing region, in terms of value, during the forecast period in the ceramic fiber market."
The Middle East & Africa followed by Asia Pacific region is identified to have the second highest CAGR in the ceramic fiber market due to the increasing industrialization of the region and high investment on infrastructural and energy sectors. The increasing utilization of oil and gas and the increasing power generation facilities and manufacturing facilities contribute to the use of high performance insulation material like ceramic fibers. Furthermore, the commitments on reduction of energy consumptions and promotion of environment-friendly building activities along with improvements in constructions and facility upgrading in the region serve as the significant demand for the enhanced thermal insulation solutions. Similarly, the investment from other countries and emergence of new industrial projects also have a positive impact on the growth rate of ceramic fibers industry in this area and therefore it is expected to register a good growth rate in the coming future.
By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%
By Designation: C-Level - 23%, Director Level - 37%, and Others - 40%
By Region: North America - 24%, Europe - 40%, Asia Pacific - 17%, South America - 7%, Middle East & Africa - 12%,
The key players profiled in the report include Morgan Advanced Materials plc. (UK), Alkegen (US), IBIDEN Co., Ltd. (Japan), NUTEC Incorporated (Mexico), HarbisonWalker International Inc. (US), Isolite Insulating Products Co. Ltd. (Japan), YESO INSULATING PRODUCTS COMPANY LIMITED (China), RATH Group (Austria), ZIRCAR Ceramics Inc. (US), and among others.
Research Coverage
This report segments the market for ceramic fiber based on type, product form, end-use industry, and region and provides estimations of volume (Kiloton) and value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for ceramic fibers.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the ceramic fiber market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on ceramic fiber offered by top players in the global market
Analysis of key drivers: (mounting demand for ceramic fiber insulation, increasing infrastructural projects and urbanization, Growing industrial expansion in Asia Pacific region), restraints (Rising regulations on use of carcinogenic insulation raw materials and expensive production of ceramic fibers), opportunities (mounting demand from energy industries, growing transportation industry, and expanding construction industry), and challenges (changing policies on import tariffs) influencing the growth of ceramic fiber market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the ceramic fiber market
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for ceramic fiber across regions.
Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global ceramic fiber market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the ceramic fiber market
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 INCLUSIONS & EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNITS CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Interviews with experts - demand and supply sides
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of interviews with experts
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 GROWTH FORECAST
2.4.1 SUPPLY SIDE
2.4.2 DEMAND SIDE
2.5 ASSUMPTIONS
2.6 LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CERAMIC FIBER MARKET
4.2 CERAMIC FIBER MARKET, BY REGION
4.3 ASIA PACIFIC: CERAMIC FIBER MARKET, BY PRODUCT FORM AND COUNTRY
4.4 CERAMIC FIBER MARKET: END-USE INDUSTRY VS. REGION
4.5 CERAMIC FIBER MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising demand for ceramic fiber insulation due to superior thermal properties
5.2.1.2 Rapid urbanization and increased infrastructural projects
5.2.1.3 Industrial expansion in Asia Pacific
5.2.2 RESTRAINTS
5.2.2.1 Regulations on production of ceramic fibers and use of carcinogenic insulation materials
5.2.2.2 Energy-intensive and expensive production process
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand from aerospace and alternative energy industries
5.2.3.2 Expanding transportation industry
5.2.3.3 Growing construction industry
5.2.4 CHALLENGES
5.2.4.1 Limited recycling technologies
5.2.4.2 Policy shifts on import tariffs and export barriers
5.3 MACROECONOMIC INDICATORS
5.3.1 GDP TRENDS AND FORECAST
6 INDUSTRY TRENDS
6.1 SUPPLY CHAIN ANALYSIS
6.1.1 RAW MATERIAL
6.1.2 MANUFACTURERS
6.1.3 DISTRIBUTION NETWORK
6.1.4 END-USE INDUSTRIES
6.2 PORTER'S FIVE FORCES ANALYSIS
6.2.1 THREAT OF SUBSTITUTES
6.2.2 BARGAINING POWER OF SUPPLIERS
6.2.3 BARGAINING POWER OF BUYERS
6.2.4 THREAT OF NEW ENTRANTS
6.2.5 INTENSITY OF COMPETITIVE RIVALRY
6.3 KEY STAKEHOLDERS & BUYING CRITERIA
6.3.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.3.2 BUYING CRITERIA
6.4 PRICING ANALYSIS
6.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY, 2023
6.4.2 AVERAGE SELLING PRICE TREND, BY REGION, 2022-2029
6.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.6 ECOSYSTEM ANALYSIS
6.7 TECHNOLOGY ANALYSIS
6.7.1 KEY TECHNOLOGIES
6.7.1.1 Sol-gel process
6.7.1.2 Melt spinning
6.7.2 COMPLEMENTARY TECHNOLOGIES
6.7.2.1 Sizing and coating treatments
6.8 CASE STUDY ANALYSIS
6.8.1 INSULATION CHALLENGES FACED BY ROLLS ROYCE, HOWMET GEORGETOWN CASTING, AIREX, AND HALLIBURTON
6.8.2 PRODUCT UTILIZATION BY MORGAN ADVANCED MATERIALS PLC
6.8.3 ALKEGEN'S CARBOWALL SYSTEM AT PETROBRAS REFINERIES
6.9 TRADE DATA STATISTICS
6.9.1 IMPORT SCENARIO OF CERAMIC FIBER
6.9.2 EXPORT SCENARIO OF CERAMIC FIBER
6.10 REGULATORY LANDSCAPE
6.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.11 KEY CONFERENCES AND & EVENTS, 2024-2025
6.12 INVESTMENT AND FUNDING SCENARIO
6.13 PATENT ANALYSIS
6.13.1 APPROACH
6.13.2 DOCUMENT TYPE
6.13.3 TOP APPLICANTS
6.13.4 JURISDICTION ANALYSIS
6.14 IMPACT OF AI/GEN AI ON CERAMIC FIBER MARKET
7 CERAMIC FIBER MARKET, BY TYPE
7.1 INTRODUCTION
7.2 REFRACTORY CERAMIC FIBER (RCF)
7.2.1 SIGNIFICANT REDUCTION IN ENERGY CONSUMPTION COMPARED TO ALTERNATIVE PRODUCTS TO DRIVE MARKET
7.3 ALKALINE EARTH SILICATE (AES) WOOL
7.3.1 STRINGENT GOVERNMENT REGULATIONS TO DRIVE MARKET
7.4 OTHER TYPES
8 CERAMIC FIBER MARKET, BY PRODUCT FORM
8.1 INTRODUCTION
8.2 BLANKET
8.2.1 INCREASING DEMAND FROM METAL AND AUTOMOTIVE SECTORS TO DRIVE MARKET
8.3 MODULE
8.3.1 UPCOMING PROJECTS IN IRON & STEEL INDUSTRIES TO DRIVE MARKET
8.4 BOARD
8.4.1 CONSISTENT DENSITY, EXCELLENT CHEMICAL ATTACK, AND THERMAL SHOCK RESISTANCE TO FUEL MARKET
8.5 PAPER
8.5.1 RISING DEMAND FOR FURNACES, AEROSPACE, AND CERAMIC & GLASS MELTING APPLICATIONS TO DRIVE MARKET
8.6 OTHER PRODUCT FORMS
9 CERAMIC FIBER MARKET, BY END-USE INDUSTRY
9.1 INTRODUCTION
9.2 REFINING & PETROCHEMICAL
9.2.1 RISING DEMAND FOR BOILERS, FIRED HEATERS, AND FLUID CATALYTIC CRACKING UNITS TO FUEL MARKET
9.3 METALS
9.3.1 LOW COST AND HIGH PRODUCTION TO DRIVE MARKET
9.4 POWER GENERATION
9.4.1 INCREASING USE FOR THERMAL AND SOUND INSULATION TO BOOST MARKET
9.5 OTHER END-USE INDUSTRIES
10 CERAMIC FIBER MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 CHINA
10.2.1.1 Strong growth of refining & petrochemical sector to drive market
10.2.2 JAPAN
10.2.2.1 Technological developments, fiscal support, and continued increase in trade to drive market
10.2.3 INDIA
10.2.3.1 Industrialization and urbanization to fuel market growth
10.3 EUROPE
10.3.1 GERMANY
10.3.1.1 Superior R&D infrastructure and robust manufacturing base to propel market
10.3.2 ITALY
10.3.2.1 Growing demand from construction, refining & petrochemical, and automotive industries to drive market
10.3.3 RUSSIA
10.3.3.1 Demand from power generation, construction, and transport sectors to drive market
10.4 NORTH AMERICA
10.4.1 US
10.4.1.1 Significant demand from automotive, military, and construction industries to drive market
10.4.2 CANADA
10.4.2.1 Abundant availability of feedstock to boost market
10.4.3 MEXICO
10.4.3.1 Growing power generation and steel sectors to drive market
10.5 MIDDLE EAST & AFRICA
10.5.1 GCC
10.5.1.1 Saudi Arabia
10.5.1.1.1 Increased investments in expansion of petrochemical industry to drive market
10.5.2 IRAN
10.5.2.1 Growing natural resources and petrochemical industries to fuel market
10.6 SOUTH AMERICA
10.6.1 BRAZIL
10.6.1.1 Refining & petrochemical industry and rapid urbanization to fuel market
10.6.2 ARGENTINA
10.6.2.1 Rising population and increasing per capita consumption of plastics to boost market
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, JANUARY 2020-DECEMBER 2024
11.3 MARKET SHARE ANALYSIS, 2023
11.4 REVENUE ANALYSIS, 2019-2023
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.5.5.1 Company footprint
11.5.5.2 Region footprint
11.5.5.3 Type footprint
11.5.5.4 Product form footprint
11.5.5.5 End-use industry footprint
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023