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
[136 Pages Report] Ceramic Fiber Market was valued at USD 1.50 Billion in 2016 and is projected to reach USD 2.59 Billion by 2022, at a CAGR of 9.8% during the forecast period. In this report, 2016 is considered the base year and the forecast period is from 2017 to 2022. APAC is projected to be the fastest-growing market for ceramic fiber due to the technologically advancing and emerging countries in the region demanding innovative, lightweight, renewable, and less toxic ceramic fiber products.
Higher thermal efficiency in comparison to substitutes
Ceramic fiber has superior wear resistance, high-temperature strength, and chemical stability in comparison to substitutes. Other substitutes used conventionally for heat insulation are glass and metals. However, due to poor performance characteristics of metals and glass at extremely high temperatures, manufacturers tend to use ceramic products in furnaces, boilers, and kilns. In glass melting furnaces, the furnace gases released contain a high amount of thermal energy. At temperatures above 1,200°C (2,192°F), these gases get polluted due to the melted glass components. Thus, glass furnaces are not preferred for high-temperature ranges. Lightweight and low conductive ceramic fiber help in conserving energy by preventing the escape of heat from furnaces and kilns. It helps in saving up to 20% of energy, thereby, reducing the overall production cost.
According to International Energy Agency (IEA), the industrial sector accounted for approximately, 36% of the total fuel consumption in 2014, globally, and approximately, 25% of the total energy used in industrial processes is wasted due to various reasons. In the industrial sector, energy is used for several purposes such as process heating and cooling, steam and cogeneration, process and assembly, and lighting and air conditioning for buildings. Poor heat management in conversion processes accounts for 45-50% of the total energy loss in the industrial processes. These factors are boosting the demand for products made of ceramic fiber due to their low thermal conductivity, low heat storage, and high thermal resistance.
Objectives of the Study:
- To define, describe, and analyze the global ceramic fiber market by type, product form, end-use industry, and region
- To forecast and analyze the market size (in terms of value and volume) and submarkets in 5 regions, namely, APAC, Europe, North America, Central & South America, and the Middle East & Africa
- To forecast and analyze the market at country-level for each region
- To strategically analyze each submarket with respect to individual growth trends and their contribution to the global ceramic fiber market
- To analyze opportunities in the market for stakeholders by identifying high growth segments of the global ceramic fiber market
- To identify trends and factors driving or inhibiting the growth of the market and submarkets
- To analyze competitive developments, such as capacity expansions, and new product launches in the global ceramic fiber market
- To strategically profile key market players and comprehensively analyze their growth strategies
This technical, market-oriented, and commercial research study of the global ceramic fiber market involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information. The primary sources mainly include several industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industrys supply chain. After arriving at the overall market size, the total market has been split into several segments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study:
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Key manufacturers of ceramic fiber include Morgan Advanced Materials PLC (UK), Unifrax I LLC (US), Luyang Energy-Saving Materials Co., Ltd. (China), IBIDEN Co., Ltd. (Japan), and Isolite Insulating Products Co., Ltd. (Japan).
Target Audience for the ceramic fiber market report:
- Ceramic Fiber Manufacturers
- Ceramic Fiber Suppliers
- Raw Material Suppliers
- Investment Banks
- Government Bodies
Scope of the Report:
This report categorizes the global ceramic fiber market by type, product form, end-use industry, and region.
Ceramic Fiber Market, By Type:
- RCF
- AES
- Others
Ceramic Fiber Market, By Product Form:
- Blanket
- Module
- Board
- Paper
- Others
Ceramic Fiber Market, By End-use Industry:
- Refining & Petrochemical
- Iron & Steel
- Power Generation
- Aluminum
- Others
Ceramic Fiber Market, By Region:
- APAC
- Europe
- North America
- Middle East & Africa
- Central & South America
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country, type, product form, and end-use industry
Country Information
- Additional country information (up to 3)
Company Information
- Detailed analysis and profiles of additional market players (up to 5)
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% during the forecast period. The increasing demand for highly thermal-efficient insulation products is expected to drive the growth of the global ceramic fiber market.
Based on type, the global ceramic fiber market has been segmented into RCF, AES, and others. The AES type segment is projected to grow at the highest CAGR due to low bio-persistence and better characteristic properties. AES ceramic fiber products find major use in heat insulation for kitchen utensils for home and business use and fire protection for marine vessels and buildings.
Based on product form, the global ceramic fiber market has been segmented into blanket, board, paper, module, and others. The module segment is projected to grow at the highest CAGR due to their design versatility and suitability at various temperature ranges. Based on customer requirements, the densities, design, and attachment systems of modules are varied for various industries including iron & steel, power generation, and refining & petrochemical.
Based on end-use industry, the global ceramic fiber market has been segmented into refining & petrochemical, iron & steel, power generation, aluminum, and others. The refining & petrochemical industry accounts for significant demand for ceramic fiber. The increasing need to lower operating costs, increase reliability, and lower energy use in furnace linings, roofs, and walls are expected to fuel the demand for ceramic fiber in the refining & petrochemical industry.
By region, the global ceramic fiber market has been classified into APAC, Europe, North America, Middle East & Africa, and Central & South America. APAC was the largest market for ceramic fiber in 2016 and is projected to lead the ceramic fiber market during the forecast period. The APAC ceramic fiber market is largely driven by the increasing manufacturing and construction activities, leading to an increase in the use of lightweight and high-quality insulation materials made of ceramics, which is further expected to increase the use of ceramic fiber.
The major factor restraining the growth of the global ceramic fiber market is the presence of stringent regulations pertaining to the use of toxic carcinogenic materials. The use of refractory or alumino-silicate materials poses serious harm to human health. These also accumulate in the environment. Thus, various governments have limited or banned the use of such materials to lower the harmful effects on the environment. Some of the key players operating in the global ceramic fiber market are Morgan Advanced Materials PLC (UK), Unifrax I LLC (US), IBIDEN Co., Ltd. (Japan), Luyang Energy-Saving Materials Co., Ltd. (China), and Rath Group (Austria), among others.
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Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Market Scope
1.2.2 Years Considered for the Study
1.3 Currency
1.4 Unit Considered
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 30)
4.1 Significant Growth Opportunities in the Ceramic Fiber Market
4.2 Market, By Type
4.3 APAC Market, By Country and Product Form
4.4 Market Attractiveness
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Higher Thermal Efficiency in Comparison to Substitutes
5.2.2 Restraints
5.2.2.1 Stringent Regulations Pertaining to the Use of Carcinogenic Materials
5.2.3 Opportunities
5.2.3.1 Growing Number of Applications of Ceramic Fiber Products
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 GDP Forecast of Major Economies
5.4.2 Automotive Industry
5.5 Policies & Regulations
6 Ceramic Fiber Market, By Type (Page No. - 41)
6.1 Introduction
6.2 Refractory Ceramic Fiber (RCF)
6.3 Alkaline Earth Silicate (AES) Wool
6.4 Others
7 Ceramic Fiber Market, By Product Form (Page No. - 50)
7.1 Introduction
7.2 Blanket
7.3 Module
7.4 Board
7.5 Paper
7.6 Others
8 Ceramic Fiber Market, By End-Use Industry (Page No. - 62)
8.1 Introduction
8.2 Iron & Steel
8.3 Refining & Petrochemical
8.4 Power Generation
8.5 Aluminum
8.6 Others
9 Ceramic Fiber Market, By Region (Page No. - 70)
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 South Korea
9.3 Europe
9.3.1 Germany
9.3.2 Italy
9.3.3 Russia
9.3.4 France
9.3.5 UK
9.3.6 Spain
9.4 North America
9.4.1 US
9.4.2 Canada
9.4.3 Mexico
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 Iran
9.5.3 South Africa
9.6 Central & South America
9.6.1 Brazil
9.6.2 Argentina
10 Competitive Landscape (Page No. - 108)
10.1 Overview
10.2 Market Share Analysis
10.2.1 Market Share of Top 3 Players
10.3 Competitive Scenario
10.3.1 Capacity Expansion
10.3.2 New Product Launch
11 Company Profiles (Page No. - 111)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Introduction
11.2 Morgan Advanced Materials PLC
11.3 Unifrax I LLC
11.4 Luyang Energy-Saving Materials Co., Ltd.
11.5 Ibiden Co., Ltd.
11.6 Harbisonwalker International Inc.
11.7 Isolite Insulating Products Co. Ltd.
11.8 Nutec Fibratec
11.9 Yeso Insulating Products Co. Ltd.
11.10 Rath Inc.
11.11 Fibrecast Inc.
11.12 Double Egret Thermal Insulation
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
11.13 Other Players
11.13.1 Promat International NV
11.13.2 Pyrotek Inc.
11.13.3 Ceramsource, Inc.
11.13.4 ADL Insulflex Inc.
11.13.5 Lewco Specialty Products, Inc.
12 Appendix (Page No. - 129)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (107 Tables)
Table 1 Emerging Applications of Ceramic Fiber
Table 2 Trends and Forecast of GDP Growth, 20172022 (USD Billion)
Table 3 Ceramic Fiber Regulations, Worldwide
Table 4 Ceramic Fiber Market Size, By Type, 20152022 (USD Million)
Table 5 Size, By Type, 20152022 (Kiloton)
Table 6 Characteristics of RCF and Asbestos
Table 7 Ceramic Fiber Market of RCF Ceramic Fiber Size, By Region, 20152022 (USD Million)
Table 8 Market of RCF Ceramic Fiber Size, By Region, 20152022 (Kiloton)
Table 9 Ceramic Fiber Market of AES Wool Ceramic Fiber Size, By Region, 20152022 (USD Million)
Table 10 Market of AES Wool Ceramic Fiber Size, By Region, 20152022 (Kiloton)
Table 11 Characteristics of Polycrystalline Ceramic Fiber and Vitreous Alumina-Silica Ceramic Fiber
Table 12 Market of Other Ceramic Fiber Size, By Region, 20152022 (USD Million)
Table 13 Market of Other Ceramic Fiber Size, By Region, 20152022 (Kiloton)
Table 14 Market Size, By Product Form, 20152022 (USD Million)
Table 15 Market Size, By Product Form, 20152022 (Kiloton)
Table 16 Ceramic Fiber Blanket Market Size, By Region, 20152022 (USD Million)
Table 17 Ceramic Fiber Blanket Market Size, By Region, 20152022 (Kiloton)
Table 18 Ceramic Fiber Module Market Size, By Region, 20152022 (USD Million)
Table 19 Ceramic Fiber Module Market Size, By Region, 20152022 (Kiloton)
Table 20 Ceramic Fiber Board Market Size, By Region, 20152022 (USD Million)
Table 21 Ceramic Fiber Board Market Size, By Region, 20152022 (Kiloton)
Table 22 Ceramic Fiber Paper Market Size, By Region, 20152022 (USD Million)
Table 23 Ceramic Fiber Paper Market Size, By Region, 20152022 (Kiloton)
Table 24 Other Ceramic Fiber Product Forms Market Size, By Region, 20152022 (USD Million)
Table 25 Other Ceramic Fiber Product Forms Market Size, By Region, 20152022 (Kiloton)
Table 26 Ceramic Fiber Market Size, By End-Use Industry, 20152022 (USD Million)
Table 27 Market Size, By End-Use Industry, 20152022 (Kiloton)
Table 28 Ceramic Fiber Market Size in Iron & Steel End-Use Industry, By Region, 20152022 (USD Million)
Table 29 Ceramic Fiber Market Size in Iron & Steel End-Use Industry, By Region, 20152022 (Kiloton)
Table 30 Market Size in Refining & Petrochemical End-Use Industry, By Region, 20152022 (USD Million)
Table 31 Ceramic Fiber Market Size in Refining & Petrochemical End-Use Industry, By Region, 20152022 (Kiloton)
Table 32 Market Size in Power Generation End-Use Industry, By Region, 20152022 (USD Million)
Table 33 Ceramic Fiber Market Size in Power Generation End-Use Industry, By Region, 20152022 (Kiloton)
Table 34 Market Size in Aluminum End-Use Industry, By Region, 20152022 (USD Million)
Table 35 Ceramic Fiber Market Size in Aluminum End-Use Industry, By Region, 20152022 (Kiloton)
Table 36 Market Size in Other End-Use Industries, By Region, 20152022 (USD Million)
Table 37 Ceramic Fiber Market Size in Other End-Use Industries, By Region, 20152022 (Kiloton)
Table 38 Market Size, By Region, 20152022 (USD Million)
Table 39 Market Size, By Region, 20152022 (Kiloton)
Table 40 APAC: Ceramic Fiber Market Size, By Type, 20152022 (USD Million)
Table 41 APAC: Market Size, By Type, 20152022 (Kiloton)
Table 42 APAC: Market Size, By Product Form, 20152022 (USD Million)
Table 43 APAC: Market Size, By Product Form, 20152022 (Kiloton)
Table 44 APAC: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 45 APAC: Market Size, By End-Use Industry, 20152022 (Kiloton)
Table 46 APAC: Market Size, By Country, 20152022 (USD Million)
Table 47 APAC: Market Size, By Country, 20152022 (Kiloton)
Table 48 China: Market Size, By Type, 20152022 (USD Million)
Table 49 China: Market Size, By Type, 20152022 (Kiloton)
Table 50 Japan: Market Size, By Type, 20152022 (USD Million)
Table 51 Japan: Market Size, By Type, 20152022 (Kiloton)
Table 52 India: Market Size, By Type, 20152022 (USD Million)
Table 53 India: Market Size, By Type, 20152022 (Kiloton)
Table 54 Europe: Ceramic Fiber Market Size, By Type, 20152022 (USD Million)
Table 55 Europe: Market Size, By Type, 20152022 (Kiloton)
Table 56 Europe: Market Size, By Product Form, 20152022 (USD Million)
Table 57 Europe: Market Size, By Product Form, 20152022 (Kiloton)
Table 58 Europe: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 59 Europe: Market Size, By End-Use Industry, 20152022 (Kiloton)
Table 60 Europe: Market Size, By Country, 20152022 (USD Million)
Table 61 Europe: Market Size, By Country, 20152022 (Kiloton)
Table 62 Germany: Market Size, By Type, 20152022 (USD Million)
Table 63 Germany: Market Size, By Type, 20152022 (Kiloton)
Table 64 Italy: Market Size, By Type, 20152022 (USD Million)
Table 65 Italy: Market Size, By Type, 20152022 (Kiloton)
Table 66 Russia: Market Size, By Type, 20152022 (USD Million)
Table 67 Russia: Market Size, By Type, 20152022 (Kiloton)
Table 68 North America: Ceramic Fiber Market Size, By Type, 20152022 (USD Million)
Table 69 North America: Market Size, By Type, 20152022 (Kiloton)
Table 70 North America: Market Size, By Product Form, 20152022 (USD Million)
Table 71 North America: Market Size, By Product Form, 20152022 (Kiloton)
Table 72 North America: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 73 North America: Market Size, By End-Use Industry, 20152022 (Kiloton)
Table 74 North America: Market Size, By Country, 20152022 (USD Million)
Table 75 North America: Market Size, By Country, 20152022 (Kiloton)
Table 76 US: Market Size, By Type, 20152022 (USD Million)
Table 77 US: Market Size, By Type, 20152022 (Kiloton)
Table 78 Canada: Market Size, By Type, 20152022 (USD Million)
Table 79 Canada: Market Size, By Type, 20152022 (Kiloton)
Table 80 Mexico: Market Size, By Type, 20152022 (USD Million)
Table 81 Mexico: Market Size, By Type, 20152022 (Kiloton)
Table 82 Middle East & Africa: Ceramic Fiber Market Size, By Type, 20152022 (USD Million)
Table 83 Middle East & Africa: Market Size, By Type, 20152022 (Kiloton)
Table 84 Middle East & Africa: Market Size, By Product Form, 20152022 (USD Million)
Table 85 Middle East & Africa: Market Size, By Product Form, 20152022 (Kiloton)
Table 86 Middle East & Africa: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 87 Middle East & Africa: Market Size, By End-Use Industry, 20152022 (Kiloton)
Table 88 Middle East & Africa: Market Size, By Country, 20152022 (USD Million)
Table 89 Middle East & Africa: Market Size, By Country, 20152022 (Kiloton)
Table 90 Saudi Arabia: Market Size, By Type, 20152022 (USD Million)
Table 91 Saudi Arabia: Market Size, By Type, 20152022 (Kiloton)
Table 92 Iran: Market Size, By Type, 20152022 (USD Million)
Table 93 Iran: Market Size, By Type, 20152022 (Kiloton)
Table 94 Central & South America: Ceramic Fiber Market Size, By Type, 20152022 (USD Million)
Table 95 Central & South America: Market Size, By Type, 20152022 (Kiloton)
Table 96 Central & South America: Market Size, By Product Form, 20152022 (USD Million)
Table 97 Central & South America: Market Size, By Product Form, 20152022 (Kiloton)
Table 98 Central & South America: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 99 Central & South America: Market Size, By End-Use Industry, 20152022 (Kiloton)
Table 100 Central & South America: Market Size, By Country, 20152022 (USD Million)
Table 101 Central & South America: Market Size, By Country, 20152022 (Kiloton)
Table 102 Brazil: Market Size, By Type, 20152022 (USD Million)
Table 103 Brazil: Market Size, By Type, 20152022 (Kiloton)
Table 104 Argentina: Market Size, By Type, 20152022 (USD Million)
Table 105 Argentina: Market Size, By Type, 20152022 (Kiloton)
Table 106 Capacity Expansion, 20152018
Table 107 New Product Launch, 20152018
List of Figures (47 Figures)
Figure 1 Ceramic Fiber: Market Segmentation
Figure 2 Ceramic Fiber: Market Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Ceramic Fiber: Market Data Triangulation
Figure 6 RCF Segment to Lead the Market of Ceramic Fiber
Figure 7 Blanket to Be the Largest Product Form of Ceramic Fiber
Figure 8 Refining & Petrochemical to Be the Leading End-Use Industry of Ceramic Fiber
Figure 9 APAC to Be the Fastest-Growing Market of Ceramic Fiber
Figure 10 Ceramic Fiber Market to Register A High CAGR
Figure 11 AES Wool Segment to Register the Highest CAGR
Figure 12 Blanket Emerged as the Largest Product Form of Ceramic Fiber
Figure 13 APAC to Be the Fastest-Growing Market of Ceramic Fiber
Figure 14 Drivers, Restraints, and Opportunities Governing the Ceramic Fiber Market
Figure 15 Ceramic Fiber Market: Porters Five Forces Analysis
Figure 16 Vehicle Production, By Region, 2016
Figure 17 RCF Segment to Lead the Market of Ceramic Fiber
Figure 18 Applications of RCF
Figure 19 APAC to Drive the Highest Demand for RCF
Figure 20 Applications of AES Wool
Figure 21 APAC to Be the Largest Market for AES Wool
Figure 22 North America to Be the Largest Market for Other Ceramic Fibers
Figure 23 Blanket Segment to Lead the Market of Ceramic Fiber
Figure 24 Application of Ceramic Fiber Blanket, By Industry
Figure 25 APAC to Be the Leading Market of Ceramic Fiber in the Blanket Segment
Figure 26 Application of Ceramic Fiber Module, By Industry
Figure 27 APAC to Be the Largest Market for Ceramic Fiber Module
Figure 28 Application of Ceramic Fiber Board, By Industry
Figure 29 APAC to Drive the Highest Demand for Ceramic Fiber Board
Figure 30 Application of Ceramic Fiber Paper, By Industry
Figure 31 APAC to Be the Largest Market for Ceramic Fiber Paper
Figure 32 Application of Other Ceramic Fiber Product Forms, By Industry
Figure 33 Refining & Petrochemical to Be the Leading End-Use Industry of Ceramic Fiber
Figure 34 APAC Countries to Emerge as New Hotspots for the Ceramic Fiber Market
Figure 35 APAC: Market Snapshot
Figure 36 South Korea: Market Size, 20152022
Figure 37 Europe: Market Snapshot
Figure 38 France: Market Size, 20152022
Figure 39 UK: Market Size, 20152022
Figure 40 Spain: Market Size, 20152022
Figure 41 South Africa: Market Size, 20152022
Figure 42 New Product Launch Was the Most Adopted Growth Strategy By Major Players Between 2015 and 2018
Figure 43 Morgan Advanced Materials: Company Snapshot
Figure 44 Morgan Advanced Materials: SWOT Analysis
Figure 45 Ibiden: Company Snapshot
Figure 46 Ibiden: SWOT Analysis
Figure 47 Rath Inc.: Company Snapshot
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