Ceramic Fiber Market Analysis

Global Ceramic Fiber Market Overview

Ceramic Fiber Market Size was valued at USD 0.77 billion in 2023. The ceramic fiber industry is projected to grow from USD 0.85 Billion in 2024 to USD 1.70 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.00% during the forecast period (2024 - 2032). Increased need for less harmful solutions in a variety of industrial sectors, rising demand for ceramic fiber insulation for high-temperature applications are the key market drivers enhancing the market growth.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ceramic Fiber Market Trends

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  Growing demand for ceramic fiber in the aerospace industry propels the market growth

  
  

The increased demand for ceramic fiber in the aerospace industry is driving the market CAGR for Ceramic Fiber. Ceramic fibers are employed in the aerospace sector because of their lightweight, high-temperature resistance, electrical insulation, high energy of ablation, corrosion resistance, chemical stability, wear resistance, and vibration resistance. Ceramic-fiber reinforced composites are utilized to make engine parts as turbine mixes, compressors, and exhaust buckets, as well as aerospace rockets. Ceramics are utilized in aerospace because they are lighter than metals, allowing for greater speeds, less fuel consumption, larger payloads, and longer space missions.

Ceramics are most commonly found in aerospace engine and exhaust systems, thermal safety devices, and ultra-high-speed moving vehicle structures.

Also, Ceramic and ceramic matrix composites that can withstand temperatures as high as 1.600 ° C are used to produce lightweight turbine components that need less cooling air, such as vanes, blades, nozzles and combustion liners, and exhaust system components that improve acoustic attenuation and have a long service life due to their abrasion and corrosion resistance. The usage in the iron and steel industry of ceramic fibre is increasingly being produced as a refractory lining for heat treatment and preheating furnaces. This is mainly due to its superior thermal efficiency per unit thickness compared to the insulating fire brick Lightweight and low conductive ceramic fibre helps in conserving energy by preventing the escape. of heat from furnaces and kilns.

Moreover, rising environmental concerns are some other key factors expected to continue to drive market revenue growth going ahead.

The commercial launch of Yixing manufacturing+ 50% by Morgan Advanced Materials was announced in May 2023. This development aims to help TJM Insulation Firebricks (IFB) located in Yixing to cater for the various customer requirements in petrochemicals, iron & steel industry, aluminium and cathode materials from China and Asia.

Harbison Walker International Inc. was acquired by Platinum Equity during February 2023. It is a global investment firm that oversees assets worth more than $36 billion and has a portfolio of nearly fifty firms.

Ceramic Fiber Market Segment Insights

Ceramic Fiber Type Insights

The Ceramic Fiber Market segmentation, based on type includes refractory ceramic fiber and alkaline earth silicone. Refractory ceramic fiber (RCF) dominated the Ceramic Fiber Market. This huge share is mostly due to the high demand for low-cost, high thermal stability, low heat storage, and light-weight ceramic fiber, which is primarily, utilized in the iron and steel, refining and petrochemical, and power generation industries. These fibers are often more powerful. Refractory ceramic fiber is commonly used in goods for industrial high-temperature applications due to its superior chemical resistance. Refractory ceramic fiber (RCF) is a material used in line-fired heaters in the petrochemical and oil refining industries.

Figure1: Ceramic Fiber Market, by Type, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Ceramic Fiber Product Form Insights

The Ceramic Fiber Market segmentation, based on product form, includes blankets, rope, paper, board, blocks. Blankets is expected to be the most popular product form in the ceramic fibre market. Because of its versatility in design and performance, blanket is the most well-known ceramic fibre product form. In terms of value, the blanket segment held the largest share of the overall market in 2020. The high demand for insulation material in the shipping, metal, automotive, and space industries is driving the high demand in this segment.

Ceramic Fiber End-User Industry Insights

The Ceramic Fiber Market segmentation, based on end-user industry includes refining & petrochemical, iron & steel, power generation. The refining and petrochemical category is expected to dominate the market. Ceramic fiber is used primarily in boiler-fired heaters and fluid catalytic cracking units (FCCUs) in the refining and petrochemical industries. Ceramic fiber materials are designed to withstand high-temperature demands as well as the harsh and corrosive industrial environments seen in the petrochemical industry. Ceramic fiber and bio-persistent fiber products have long been used in the petrochemical industry for temperature control, filtration, and fire safety.

Ceramic Fiber Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific market accounted for 32.6% of global revenue in 2022 and is predicted to grow faster than other regional markets throughout the forecast period. This is due to growing industrialization, increased construction activity, rising demand for iron and stainless-steel products for various industrial applications, and increased emphasis on infrastructure development.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: CERAMIC FIBER MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s ceramic fiber market accounts for the second-largest market share due to An increase in the number of construction projects, quick technical breakthroughs, and an increase in the need for lightweight and low-cost materials. Further, the German ceramic fiber market held the largest market share, and the UK ceramic fiber market was the fastest-growing market in the European region

The North America Ceramic Fiber Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rising ceramic fiber demand from the iron and steel and petrochemical industries, a strong presence of important ceramic fiber producers, and consistent developments in the aerospace industry. Moreover, China’s ceramic fiber market held the largest market share, and the Indian ceramic fiber market was the fastest-growing market in the North American region.

Ceramic Fiber Key Market Players & Competitive Insights

Leading market players are extensively investing in research and development to extend their product lines, which will help the ceramic fiber market grow even more. Market participants are also engaging in a number of strategic initiatives to grow their worldwide presence, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Ceramic fiber industry must deliver cost-effective products in order to expand and thrive in a more competitive and expanding market climate.

Manufacturing locally to reduce operational costs is one of the primary business strategies adopted by manufacturers in the global ceramic fiber industry to serve clients and expand the market sector. In recent years, the ceramic fiber industry has provided some of the most significant benefits to medicine. Major players in the ceramic fiber market, such as Morgan Advanced Materials (UK), Unifrax (US), Luang Energy_Saving Materials CO., LTD. (China), Ibiden (Japan), HarbisonWalker International (US), and others, are attempting to increase market demand by investing in research and development operations.

Morgan Advanced Materials is a manufacturer of specialized products made from carbon, advanced ceramics, and composites. The corporation is based in Windsor, England, and has 85 locations in 30 countries. It is a public limited company that is traded on the London Stock Exchange and is part of the FTSE 250 Index. The six Morgan brothers (William, Thomas, Walter, Edward, Octavius, and Septimus) began their careers in the City of London as importers and exporters under the name "Druggist Salesmen and Hardware Merchants." The brothers saw an American crucible created using a novel technology at the Great Exhibition of 1851. In September 2020, Morgan Advanced Materials Plc acquired Carbo San Luis, a mineral product manufacturer and in 2021 company collaborated with The Midlands Industrial Ceramics Group and thus positioning them as the world leader in advanced ceramics.

KIST (Korea Institute of Science and Technology) is a multidisciplinary research institute in Seoul, South Korea. It was the first multidisciplinary scientific research institute in Korea, founded in 1966, and has made major contributions to the country's economic development, particularly during the years of accelerated expansion in the 1970s and 1980s. It employs about 1,800 research scientists, visiting scientists, fellows and trainees, and foreign scientists engaged in basic research in a variety of scientific and technological domains. In April 2020, DACC Carbon and the Korea Institute of Carbon Convergence Technology have partnered. This collaboration aided the institute's research and development work on composite materials and ceramic fibers for ultra-high temperatures.

Key Companies in the ceramic fiber market include

• Morgan Advanced Materials (UK)


• Unifrax (US)


• LUANG 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)


• CeramSource Inc. (US)

Ceramic Fiber Industry Developments

On October 08, 2021, Unifrax acquired Lydall, Inc., a pioneer and manufacturer of advanced material solutions and specialty filtration materials, while Unifrax is a leading global provider of high-performance specialty materials focusing on thermal management, particularly specialty filtration, battery materials, emission control and fire protection applications.

Unifrax I LLC, which is one of the biggest suppliers of insulation goods, purchased Rex Materials Group, which produces advanced thermal components, in July 2020. The company expects that this purchase will enable it to create new advanced technical parts used at elevated temperatures.

Vehicle San Luis Morgan Advanced Materials PLC bought this major manufacturer of heat- and abrasion-resistant products made out of advanced ceramics, carbon as well as composites in June 2020. The move is intended to facilitate expansion.

Rex Materials Group was acquired by Unifrax I LLC on June 02, 2020 so as to enhance its overall manufacturing capabilities and diversify its offering of high-temperature designed thermal components. Furthermore, Unifrax is the largest supplier worldwide of inorganic fibers or high-performance industrial filters for batteries etc., their initiatives can reduce emissions save energy while enhancing fire safety standards; moreover this acquisition falls under the company’s goal towards creating a “Greener Cleaner Safer” world.

Ceramic Fiber Market Segmentation

Ceramic Fiber Market Type Outlook

• Refractory Ceramic Fiber


• Alkaline Earth Silicone

 Ceramic Fiber Market Product Form Outlook

• Blankets


• Rope


• Paper


• Board


• Blocks

 Ceramic Fiber Market End-User Industry Outlook

• Refining & Petrochemical


• Iron & Steel


• Power Generation

Ceramic Fiber Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America