Ceramic Fiber Market Share |Application, Size, Industry Growth, Growth Report, Future Opportunity Outlook 2027
Overview:
The global ceramic fiber market share
has been segmented by type, product form, end-use industry, and region.
By type, the global Ceramic Fiber Market Share has
been divided into refractory ceramic fiber, alkaline earth silicone, and
others. The refractory ceramic fiber type accounted for the largest market
share in 2017 owing to its high insulating property. However, this type has
been classified as possibly carcinogenic to humans by the Agency for Research
on Cancer. Inhalation of the refractory ceramic fiber results in sore throat,
nasal congestion, and cough whereas dermal exposure results in contact
dermatitis and itching. This has resulted in a declining use of refractory
ceramic fiber. The alkaline earth silicone type is expected to register a
higher CAGR as it is bio-soluble and is non-hazardous.
On the basis of the product
form, the market has been segmented into blankets, rope, paper, board, blocks,
cloth, module, and others. The module product is dominating the global market
due to certain advantages such as versatility and suitability, coupled with
characteristics such as lightweight, low thermal conductivity, excellent
chemical stability, and high thermal insulation.
Based on end-use industry, the
market has been segmented into refining & petrochemical, iron & steel,
power generation, chemical, transportation, and others. The refining &
petrochemical industry accounted for the largest market share in 2017 on
account of the extensive use of ceramic fibers for lower operating costs,
increase reliability, and lower energy use in furnace linings, roofs, and
walls.
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Regionally, the global market
has been segmented into five regions, namely, Asia-Pacific, North America,
Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific
dominated the global ceramic fiber market share in 2017 due to the rapid
industrialization and urbanization in the emerging economies such as India,
Thailand, and Indonesia are the primary factor affecting the growth of the
ceramic fiber market.
The high demand for ceramic
fiber from oil & gas industry, present in abundance in the middle East
& African region is expected to drive the market in this region.
The market in North America and
Europe is expected to witness steady growth on account of the industrialization
downturn in these regions.
Competitive Analysis
Some of the manufacturers
operating in the global ceramic fiber market share are Morgan Advanced
Materials (UK), Unifrax (US), LUYANG ENERGY-SAVING MATERIALS CO., LTD.
(China), IBIDEN (Japan), HarbisonWalker International (US), Isolite Insulating
Products Co., Ltd. (Japan), NUTEC (Mexico), Rath-Group (US), FibreCast, Inc.
(US), Pyrotek (US), and CeramSource, Inc., (US).
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