Global Ceramic Fiber Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2021-2027

In 2020, the global Ceramic Fiber market size was US$ 2184 million and it is expected to reach US$ 2854.5 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period 2021-2027. Due to properties such as lightweight, high thermal conductivity, thermal shock resistance, high-temperature stability, and high chemical resistance, the rising use of ceramic fibers in end-use industries is expected to fuel the ceramic fiber market expansion. Furthermore, the ceramic fiber market is predicted to increase significantly due to the rising use of ceramic fiber for insulation reasons in the iron and steel, and petrochemical industries.

Ceramic fiber's increasing use in a range of end-user applications is expected to drive the Ceramic Fiber market. High-temperature-resistant ceramic blankets and boards are used as insulation in shipbuilding to prevent fires from spreading and to contain heat. Blankets, rigid boards, and semirigid boards can all be used to ship compartment walls and ceilings because of this. Ceramic blankets are used as catalytic converter insulation in the automobile industry, as well as in aircraft and spacecraft engines. In the metal industry, ceramic blankets are utilized as furnace interior insulation. Boards are used in conjunction with blankets to provide insulation. Ceramic boards are also used as a backup insulation for furnaces and kilns, thermal covering for stationary steam generators, molten metal ladles linings, and cover insulation for magnesium cells and high-temperature reactors in the chemical-process industry.

The ceramic fiber market is predicted to develop due to the rising demand for ceramic fiber insulation in high-temperature applications. Ceramic fiber has poor thermal conductivity and can withstand high temperatures. It has a low density and thermal inertia as well. Ceramic fiber products are used as insulation materials in high-temperature applications because they provide good heat containment and energy conservation. The goods include blankets, boards, bulk fibers, modules, paper, textiles, and other items. The end-use industries that benefit from their lightweight, thermal shock resistance, and strength include petrochemical, iron & steel, aluminum, ceramic, power generation, automotive, aerospace, and glass.

Ceramic fiber demand is expected to grow significantly during the projected period, driven by end-user industries' rising need to save energy and reduce production costs. Ceramic fiber is extensively used as a refractory liner for thermal processing and heating furnaces in the iron and steel industries. When compared to insulating fire bricks, it has a higher energy conductivity per unit thickness. By preventing heat from escaping from furnaces and kilns, ceramic fiber helps save energy. It has low conductivity and is lightweight. The ceramic fiber market is predicted to grow as a result of this property.

The rising aircraft sector in the world is expected to boost the ceramic fiber market over the forecast period. Because of its lightweight, high-temperature resistance, electrical insulation, high energy of ablation, corrosion resistance, chemical stability, wear resistance, and vibration resistance, ceramic fibers are used in the aerospace industry.

Ceramic Fiber Market share Analysis

North America is the largest market by region, with a share of approximately 40%, followed by China and Europe, with a combined share of over 50%. The growth in shale exploration activity is credited with North America's dominance.

Ceramic Fiber Blanket is the most popular product, accounting for around 45 percent of the market. The maritime, industrial, automotive, and aerospace industries have all seen an increase in demand for insulating materials. Ceramic fiber blankets are a popular item on the market. High-temperature-resistant ceramic blankets are used as insulation in shipbuilding to avoid fire spread and general heating containment. Blankets are frequently used on ship cabin ceilings and walls.

Based on application, the largest application is Chemical Industry, followed by the Aerospace And Defense Industry, Steel Industry, Electrical Appliances, etc.