GLOBAL CERAMIC FIBER MARKET FORECAST 2019-2027

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GLOBAL CERAMIC FIBER MARKET FORECAST 2019-2027

Ceramic fiber products are used for energy savings, process control, and safety in various operations by facilitating personnel protection from heat by controlling surface temperatures and due to cost effectiveness. The demand of the ceramic fiber-based products has been augmented in the market due to their high temperature resistance, superior tensile strength, and better flexibility of the material. Ceramic fibers are popular in several end-user industries, including petrochemicals, iron and steel, ceramics, aluminum, and power generation because of their properties. The global ceramic fiber market in terms of value is estimated to grow at a CAGR of 9.65% during 2019-2027. The base year considered for the study is 2018 and the forecast period is between 2019 and 2027.

GLOBAL CERAMIC FIBER MARKET FORECAST 2019-2027

Global Ceramic Fiber Market by Product Type (Refractory Ceramic Fiber, Low Bio-persistent Ceramic Fiber, Polycrystalline Ceramic Fiber) by End Users (Petrochemicals, Ceramics, Aluminum, Iron & Steel, Power Generation Sector, Other End User Sectors) by Geography.

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Ceramic fiber products are used for energy savings, process control, and safety in various operations by facilitating personnel protection from heat by controlling surface temperatures and due to cost effectiveness. The demand of the ceramic fiber-based products has been augmented in the market due to their high temperature resistance, superior tensile strength, and better flexibility of the material. Ceramic fibers are popular in several end-user industries, including petrochemicals, iron and steel, ceramics, aluminum, and power generation because of their properties.

The global ceramic fiber market in terms of value is estimated to grow at a CAGR of 9.65% during 2019-2027. The base year considered for the study is 2018 and the forecast period is between 2019 and 2027. Also, the production of ceramic fiber has gained momentum in the past few years. The market in terms of volume, i.e., Production is expected to grow at a CAGR of 10.19% during 2019-2027.

Major drivers responsible for market growth are:

  • Energy conservation & emission reduction characteristics of ceramic fiber
  • Encouraged use of bio-based insulation materials
  • Rising concerns about safety at the workplace
  • Augmented demand of low bio-persistent ceramic fiber
  • Widening applications in several industries

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The market is primarily driven due to the encouraged use of bio-based insulation materials. These materials help in reducing energy consumption in several end-user industries. The industrial sector accounts for approximately XX% of the total fuel consumption globally and approximately XX% of the total energy used in industrial processes is wasted due to various reasons. Poor heat management in conversion processes accounts for XX% to XX% of the total energy lost in industrial processes. These factors are boosting the demand for products made of ceramic fibers due to their low thermal conductivity, low heat storage and high thermal resistant properties. Light weight, low conductive ceramic fiber helps in conserving energy by preventing the escape of heat from furnaces and kilns. It helps in saving up to XX% of energy, thereby reducing the overall production cost.

In 2018, Petrochemicals accounted for the largest revenue share of market in terms of End Users segment. Petrochemicals are crucial for manufacturing paints, rubbers, plastics, textiles, solvents, detergents, dyes, and other synthetic materials. Temperature insulation materials aid in conserving energy and reduce operational costs and are therefore in high demand from the petrochemical industry. Ceramic fiber products are manufactured to withstand the tough and corrosive manufacturing conditions of the petrochemical production. Additionally, Petrochemicals segment is expected to be the grow at a highest CAGR during the forecast period. The ceramic fibers primarily used in boilers, fired heaters, and fluid catalytic cracking units (FCCUs) offer effective solution for energy requirements in petrochemical industry. The high growth of petrochemical industry has been a supporting factor for the increasing applications of ceramic fibers in the above mentioned applications. Further, the evolution of coal gasification and shale gas production are also elevating the overall consumption of ceramic fibers in the petrochemical industry.

However, regulations regarding the use of ceramic fibers and their adverse effects on the health and environment pose a challenge to the market’s growth. These fibers can irritate the skin, mucus membranes, and are proven to cause lung cancer and mesothelioma. Workers engaged in the manufacturing of RCFs often reported many adverse health effects. Epidemiological investigations of individuals working with ceramic fibers have revealed a small excess of pleural plaques. These adverse effects of RCFs are posing a challenge to the market growth. Further, the fluctuating costs of raw materials pose a threat to the market growth. The trending applications of bio-based insulation materials may also pose a threat to the market growth.

The report on global Ceramic Fiber market includes segmentation on the basis of Product Type & End User.

Market by Product Types:

  • Low bio-persistent ceramic fiber
  • Refractory Ceramic Fiber (RCF)
  • Polycrystalline ceramic fiber

Market by End-user;

  • Ceramics
  • Petrochemical
  • Aluminum
  • Power generation industry
  • Iron & Steel
  • Other end users.

On the basis of geography, the ceramic fiber global market is split into four essential regions;

  • North America: United States & Canada.
  • Europe: United Kingdom, France, Germany, Spain, Italy & Rest of Europe.
  • Asia Pacific: China, Japan, India, Australia, South Korea, & Rest of Asia Pacific.
  • Rest of World: Latin America, Middle East & Africa

Geographically, the Asia Pacific accounted for the highest market share for ceramic fibers in 2018. The region is likely to sustain its market share during the forecast period.  The Asia Pacific is the global manufacturing hub and is the largest market for petrochemicals. Emerging economies such as India and China are likely to drive the consumption of ceramic fibers. This is attributable to the ongoing and emerging activities in the energy, construction, automotive, and industrial sectors. The availability of cheap labor and resources, which decreases production costs significantly, has led many global players to invest in this region. The cost of ceramic fibers in the region will remain low due to the increased availability of and cheaper costs of feedstock such as calcium, silica, alumina, and magnesium. China is the major hub for ceramic fiber manufacturing with Luyang Energy Saving Materials Co. Ltd. formerly known as Shandong Luyang Share in the forefront. The market for ceramic fiber in China has witnessed a healthy growth rate over the last two years. The refractory ceramic fiber is the biggest market in the Asia-Pacific, which is again significantly influenced by the ceramic fiber companies in China. Numerous manufacturers, along with Government incentive support, have made China, the global leader in this industry.

Global ceramic fiber market has been segmented on the basis of Type & End User. The report offers an in-depth analysis of the markets for all major types of ceramic fibers like RCF, low bio-persistent and polycrystalline ceramic fiber along with their respective end user applications in numerous industries. The analysis focuses on all the current application areas for ceramic fibers. Overall Ceramic fiber market is further categorized according to its end user industries such as; Petrochemicals, Ceramics, Aluminum, Iron & Steel, Power generation Industry & Other End-users.

The major players in the Ceramic Fiber market are;

  • Unifrax Corporation
  • Morgan Thermal Ceramics
  • Isolite Insulating Products Co
  • Luyang Energy Saving Materials Co
  • And Other Companies

Company profiles of the prominent market players are discussed in detail. Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements, new product launch, to sustain in the competitive market. For Instance, In September 2018, American Securities LLC and Clearlake Capital Group, L.P. announced that Clearlake has partnered with management and signed a definitive agreement to acquire ASP Unifrax Holdings, Inc. from affiliates of American Securities In May 2017, Morgan Advance Materials, the parent company of Morgan Thermal Ceramics announced a collaboration with Airbus Safran Launchers to improve and produce ceramic thruster chambers to aid satellite force by utilizing ion beam engines.  In April 2017, IBIDEN Co., Ltd. and DENSO Corporation formed a capital and business alliance to develop the next-generation vehicle exhaust system jointly. This collaboration combined IBIDEN’s advantages in high-performance ceramic materials with DENSO’s advantages in developing products as systems to synergistically develop high-performance yet simple and low-cost vehicle exhaust systems In March 2015, Rath Inc. introduced a new product Prioform. It is a refractory ceramic fiber-free vacuum-formed material which can be obtained in any form from cylinders to boards.

Key findings of the Ceramic Fiber market are;

  • The Asia Pacific accounts for the largest market share of overall ceramic fiber market, and it is also the fastest growing region
  • Refractory ceramic fiber captures leading position in the market by holding the biggest share.
  • Low bio-persistent ceramic fiber is expected to be the best performing type over the forecast period.
  • Augmented demand for ceramic fiber from numerous end user industries is contributing to the growth of the market.
  • Petrochemicals and Ceramic industry are the two end-user industries that are the key consumers for ceramic fiber

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ASIA PACIFIC – MOST DYNAMICALLY EVOLVING REGIONAL MARKET
      • INCREASED DEMAND OF CERAMIC FIBER FROM DEVELOPING COUNTRIES
      • PETROCHEMICAL & CERAMIC SECTOR – KEY END USER INDUSTRIES
      • EMERGING APPLICATIONS FOR CMC’S
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • ENERGY CONSERVATION & EMISSION REDUCTION CHARACTERISTICS OF CERAMIC FIBER
      • ENCOURAGED USE OF BIO-BASED INSULATION MATERIALS
      • RISING CONCERNS ABOUT SAFETY AT WORKPLACE
    • MARKET RESTRAINTS
      • HAZARDOUS NATURE OF CERAMIC FIBER
      • CONCERNS RELATED TO DURABILITY OF CERAMIC FIBER
      • EASY AVAILABILITY OF ALTERNATIVES
    • MARKET OPPORTUNITIES
      • AUGMENTED DEMAND OF LOW BIO-PERSISTENT CERAMIC FIBER
      • EMERGING APPLICATIONS IN SEVERAL INDUSTRIES
    • MARKET CHALLENGES
      • FLUCTUATING COST OF RAW MATERIALS
      • POLICIES & REGULATIONS
  1. MARKET BY TYPE
    • REFRACTORY CERAMIC FIBER
    • LOW BIO-PERSISTENT CERAMIC FIBER
    • POLYCRYSTALLINE CERAMIC FIBER
  2. MARKET BY END USERS
    • PETROCHEMICALS
    • CERAMICS
    • ALUMINUM
    • IRON & STEEL
    • POWER GENERATION
    • OTHER END USER
  3. KEY ANALYTICS
    • PORTERS FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • PRICING ANALYSIS
      • PRICE DRIVERS
        • RAW MATERIALS
        • LABOR COST
        • EXCHANGE RATES
      • PRICE OF DIFFERENT PRODUCTS
    • VALUE CHAIN ANALYSIS
      • SUPPLIERS
      • PROCESSORS
      • END-USERS
    • END PRODUCTS OF CERAMIC FIBER
      • BULK
      • BLANKET
      • MODULES
      • BOARD
      • PAPER
      • TEXTILE
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • REGIONAL OVERVIEW
      • MARKET IN TERMS OF REVENUE (IN $ MILLION)
      • MARKET IN TERMS OF PRODUCTION (IN ‘000 TONS)
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    • EUROPE
      • REGIONAL OVERVIEW
      • MARKET IN TERMS OF REVENUE (IN $ MILLION)
      • MARKET IN TERMS OF PRODUCTION (IN ‘000 TONS)
      • COUNTRY ANALYSIS
        • GERMANY
        • FRANCE
        • UNITED KINGDOM
        • SPAIN
        • ITALY
        • REST OF EUROPE
    • ASIA PACIFIC
      • REGIONAL OVERVIEW
      • MARKET IN TERMS OF REVENUE (IN $ MILLION)
      • MARKET IN TERMS OF PRODUCTION (IN ‘000 TONS)
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • AUSTRALIA
        • REST OF ASIA PACIFIC
    • REST OF WORLD
      • REGIONAL OVERVIEW
      • MARKET IN TERMS OF REVENUE (IN $ MILLION)
      • MARKET IN TERMS OF PRODUCTION (IN ‘000 TONS)
      • REGIONAL ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • COMPANY PROFILES
      • CERAMSOURCE, INC.
      • GENERAL INSULATION COMPANY INC.
      • IBIDEN CO., LTD.
      • ISOLITE INSULATING PRODUCTS CO., LTD.
      • LUYANG ENERGY SAVING MATERIALS CO. LTD.
      • MORGAN ADVANCED MATERIALS PLC
      • NUTEC FIBRATEC S.A
      • RATH AG
      • SIMOND FIBERTECH LTD.
      • THERMOST THERMTECH CO., LTD.
      • UNIFRAX CORPORATION
      • YESO INSULATING PRODUCTS CO. LTD

 LIST OF TABLES

TABLE 1: GLOBAL CERAMIC FIBER MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: COMMONLY USED ALTERNATIVES TO CERAMIC FIBERS

TABLE 3: GLOBAL CERAMIC FIBER MARKET, BY TYPE, 2019-2027, (IN $ MILLION)

TABLE 4: GLOBAL CERAMIC FIBER MARKET, BY TYPE, 2019-2027, (IN ‘000 TONS)

TABLE 5: GLOBAL REFRACTORY CERAMIC FIBER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL LOW BIO-PERSISTENT CERAMIC FIBER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL POLYCRYSTALLINE CERAMIC FIBER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL CERAMIC FIBER MARKET, BY END USERS, 2019-2027, (IN $ MILLION)

TABLE 9: GLOBAL CERAMIC FIBER MARKET, BY END USERS, 2019-2027, (IN ‘000 TONS)

TABLE 10: APPLICATIONS OF CERAMIC FIBERS IN PETROCHEMICALS

TABLE 11: GLOBAL PETROCHEMICALS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12: APPLICATIONS OF CERAMIC FIBERS IN CERAMICS

TABLE 13: GLOBAL CERAMICS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14: GLOBAL ALUMINUM MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15: APPLICATIONS OF CERAMIC FIBERS IN IRON & STEEL

TABLE 16: GLOBAL IRON & STEEL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17: APPLICATIONS OF CERAMIC FIBERS IN POWER GENERATION

TABLE 18: GLOBAL POWER GENERATION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 19: APPLICATIONS OF CERAMIC FIBERS IN GLASS

TABLE 20: APPLICATIONS OF CERAMIC FIBERS IN FOUNDRIES

TABLE 21: GLOBAL OTHER END USER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 22: OPPORTUNITY MATRIX

TABLE 23: VENDOR LANDSCAPE

TABLE 24: GLOBAL CERAMIC FIBER MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 25: GLOBAL CERAMIC FIBER MARKET, BY GEOGRAPHY, 2019-2027, (IN ‘000 TONS)

TABLE 26: NORTH AMERICA CERAMIC FIBER MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 27: NORTH AMERICA CERAMIC FIBER MARKET, BY COUNTRY, 2019-2027 (IN ‘000 TONS)

TABLE 28: EUROPE CERAMIC FIBER MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 29: EUROPE CERAMIC FIBER MARKET, BY COUNTRY, 2019-2027 (IN ‘000 TONS)

TABLE 30: ASIA PACIFIC CERAMIC FIBER MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 31: ASIA PACIFIC CERAMIC FIBER MARKET, BY COUNTRY, 2019-2027 (IN ‘000 TONS)

TABLE 32: REST OF WORLD CERAMIC FIBER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 33: REST OF WORLD CERAMIC FIBER MARKET, BY COUNTRY, 2019-2027 (IN ‘000 TONS)

TABLE 34: MARKET SHARE ANALYSIS OF KEY PLAYERS ON THE BASIS OF PRODUCTION CAPACITY IN 2018 (%)

LIST OF FIGURES

FIGURE 1: GLOBAL CERAMIC FIBER MARKET, BY TYPE, 2018 & 2027 (IN %)

FIGURE 2: ASIA PACIFIC CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 3: REVENUE GENERATED BY PETROCHEMICALS & CERAMICS INDUSTRY, 2019-2027 (IN $ MILLION)

FIGURE 4: END PRODUCTS OF CERAMIC FIBER

FIGURE 5: GLOBAL CERAMIC FIBER MARKET, BY REFRACTORY CERAMIC FIBER, 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL CERAMIC FIBER MARKET, BY LOW BIO-PERSISTENT CERAMIC FIBER, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL CERAMIC FIBER MARKET, BY POLYCRYSTALLINE CERAMIC FIBER, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL CERAMIC FIBER MARKET, BY PETROCHEMICALS, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL CERAMIC FIBER MARKET, BY CERAMICS, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL CERAMIC FIBER MARKET, BY ALUMINUM, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL CERAMIC FIBER MARKET, BY IRON & STEEL, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL CERAMIC FIBER MARKET, BY POWER GENERATION, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL CERAMIC FIBER MARKET, BY OTHER END USER, 2019-2027 (IN $ MILLION)

FIGURE 14: PORTER’S FIVE FORCE ANALYSIS

FIGURE 15: VALUE CHAIN ANALYSIS

FIGURE 16: GLOBAL CERAMIC FIBER MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 17: UNITED STATES CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18: CANADA CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19: GERMANY CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: FRANCE CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: UNITED KINGDOM CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: SPAIN CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: ITALY CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: REST OF EUROPE CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: CHINA CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: JAPAN CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: INDIA CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: SOUTH KOREA CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: AUSTRALIA CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: REST OF ASIA PACIFIC CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: LATIN AMERICA CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: MIDDLE EAST & AFRICA CERAMIC FIBER MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: MARKET SHARE ANALYSIS OF KEY PLAYERS 2018 (%)

  1. MARKET SEGMENTATION
    • BY PRODUCT TYPE
      • REFRACTORY CERAMIC FIBER
      • LOW BIO-PERSISTENT CERAMIC FIBER
      • POLYCRYSTALLINE CERAMIC FIBER
    • BY END USERS
      • PETROCHEMICALS
      • CERAMICS
      • ALUMINUM
      • IRON & STEEL
      • POWER GENERATION SECTOR
      • OTHER END USER SECTORS
  1. GEOGRAPHY ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • FRANCE
      • UNITED KINGDOM
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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