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The global ceramic fibre market attained a value of about USD 2.28 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.5% to reach nearly USD 3.39 billion by 2032.
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The low thermal conductivity as well as thermal density of ceramic fibre enables temperature control inside reheating furnaces in the steel industry, which is propelling the market growth. It is employed in heat-insulating covers, heat treatment furnaces, and reheating furnaces in the steel industry, which is aiding the growth of the ceramic fibre industry. The use of ceramic fibres in lining material for steelmaking equipment in the industry is also fuelling the industry growth. Moreover, the use of ceramic fibre to enhance thermal efficiency and reduce heat loss is fuelling the market growth. The development of crystalline ceramic fibre to produce other substances at high temperatures with low melting points is increasingly used in various industries, which, in turn, is augmenting the growth of the ceramic fibre industry. In addition, the surging use of refractory ceramic fibre (RCF) in various applications due to its high temperature resistance is bolstering the growth of the ceramic fibre industry.
Ceramic fibre, variously known as ceramic wool, is a synthetic fibre that is produced from the small-dimension filament that is composed of high purity aluminosilicate materials. It is white, odourless and has heat resistive and thermal efficient properties. It is used in various applications for filtration and sound insulation, among others.
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The major types of ceramic fibre are:
The market can be broadly categorised on the basis of its product forms into:
Based on end users, the market is divided into:
The EMR report looks into the regional markets of ceramic fibre like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rising use of ceramic matrix composites, made of ceramic fibres, in various industries is propelling the market growth. As they can withstand high temperatures and corrosions while providing chemical stability, they are increasingly deployed in applications that require high mechanical and thermal properties, hence aiding the market growth. They are deployed in major industries, including aerospace, automotive, and energy, to decrease the weight and increase operational efficiency. Ceramic matrix composites are also used as a substitute for nickel alloys in aircraft to increase their strength and high-temperature resistance. Moreover, they are ideal for use in energy optimisation and engine propulsion, which is augmenting the growth of the ceramic fibre industry.
Ceramic matrix composites also promote clean energy as they reduce greenhouse gas emissions and enhance fuel efficiency. Moreover, they reduce pollution as well as electricity consumption in industrial applications, which is invigorating the market growth. The rising use of ceramic fibres as brake disks in automobiles owing to their lightweight and heat resistant properties is driving the market growth. In addition, the rapid electrification of automobiles can expand applications of ceramic fibres to increase fuel efficiency while adapting complex shapes for high thermal requirements. Furthermore, increasing research and development (R&D) activities to develop cost-effective ceramic fibres is fuelling the market growth. For instance, the CEM-WAVE project of the European Union’s Horizon 2020 program aims to increase energy efficiency and reduce production costs of ceramic matrix composites.
The report presents a detailed analysis of the following key players in the global ceramic fibre market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Product Form |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global ceramic fibre market attained a value of nearly USD 2.28 billion.
The market is projected to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 3.39 billion by 2032.
The market is being driven by the extensive use of ceramic fibre in the steel industry and the wide applications of refractory ceramic fibre.
The key trends of the market include the rising use of ceramic matrix composites, surging demand for fuel energy, and increasing research and development (R&D) activities to increase the cost-efficiency of ceramic fibres.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of ceramic fibre in the market are refractory ceramic fibre (RCF) and alkaline earth silicate (AES) wool, among others.
The different product forms of ceramic fibres are blanket, module, and board paper, among others.
The significant end users in the market are iron & steel, refining & petrochemical, power generation, and aluminium, among others.
The key players in the global ceramic fibre market are Morgan Advanced Materials, Unifrax, Luyang Energy-saving Materials Co., Ltd., IBIDEN, HarbisonWalker International, Isolite Insulating Products Co., Ltd., and NUTEC, among others.
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