Market New Research Ceramic Fiber Market Growth Rate, Key players 2022 | Page 2

High thermal efficiency compared to substitutes and its rising use in high temperature applications are key market
drivers responsible for the growth of ceramic fiber market. Growing use of ceramic fibers in end-use industries owing
to characteristics such as lightweight, high thermal conductivity, thermal shock resistance, high temperature stability
and high chemical resistance is expected to boost the ceramic fiber market in the coming years.
Iron & steel are the largest consumers of ceramic fibers owing to high levels of thermal efficiency. In addition, growing
use in ceramic industries as blankets, fibers, paper and boards is expected to propel the growth of ceramic fiber market
during the forecast period. Based on type, the ceramic fiber market is segmented into refractory ceramic fiber (RCF),
low bio-persistent fiber, polycrystalline fiber, and so on. Based on end product, the ceramic fiber market is segmented
into bulk, blanket, board, paper, module, and textile and so on. Based on end-use industries, the ceramic fiber market
is segmented into petrochemical industry, iron & steel industry, aluminum industry, ceramics industry, power
generation industry, aerospace & defence industry and so on.
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The segment “petrochemical industry” dominated the market and accounted for more than 38% of the market share.
Temperature insulation materials, like ceramic fiber support in conserving energy and reducing operational costs.
Moreover, the evolution of coal gasification and shale gas production is also likely to increase the overall consumption
of ceramic fibers in the petrochemical industry.
Based on geography, the ceramic fiber industry is segmented into North America, Asia Pacific, Europe, Latin America
and Middle East & Africa. The Asia Pacific region led the ceramic fiber industry and is expected to grow in the coming
years. Factors such as the ongoing and upcoming activities in the energy, construction, automotive and industrial
sectors in countries like India and China and the easy availability of low-cost ceramic fibers are likely to drive the
ceramic fiber industry growth in Asia Pacific.
The key players of ceramic fiber industry are Morgan Thermal Ceramics, Unifrax Corporation, IBIDEN Co. Ltd., Isolite
Insulating Products Co. Ltd., Unifrax Corporation, General Insulation Europe Ltd., Luyang Energy-Saving Materials,
Nutratec Fibratec, Thermost Thermotech Co. Ltd., Rath Incorporated, and Yeso Insulating Products Co. Ltd.
Market Segment:
Geographically, this report split global into several key Regions, with sales (K MT), revenue (Million USD), market
share and growth rate of Ceramic Fiber for these regions, from 2012 to 2022 (forecast), covering
• United States
• China