Ceramic Fiber Market Leaders & New Revenue Pockets

Ceramic Fiber Market Leaders

In terms of value, the ceramic fiber market is estimated to grow from USD 2.0 billion in 2022 to USD 3.2 billion by 2028, at a CAGR of 8.2%. Stricter energy efficiency regulations and environmental concerns have prompted industries to adopt insulation materials like ceramic fiber to reduce energy consumption and greenhouse gas emissions.

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Browse 272 market data Tables and 56 Figures spread through 243 Pages and in-depth TOC on "Ceramic Fiber Market by Type (RCF, AES Wool), Product Form (Blanket, Module, Board, Paper), End-Use Industry (Refining & Petrochemical, Metals, Power Generation) and Region(Asia Pacific, North America, Europe, Middle East & Africa) - Global Forecast"

Recent Developments in Ceramic Fiber Market Industry

1. In May 2023, Morgan Advanced Materials announced their commercial startup of 50+% Yixing factory expansion. Yixing plant manufacturers TJM Insulation Firebricks (IFB), this expansion will help the company to fulfill customer needs from China and Asia in petrochemicals, iron & steel, aluminum and cathode materials.
2. In February 2023, Platinum equity announced the acquisition of HarbisonWalker International. Platinum Equity is a global investment company firm with approximately USD 36 Billion of assets under management and a portfolio of approximately 50
3. In January 2021, Alkegen Corporation launched new product. The company offer the same benefits as previous Fiberfrax blankets, now with physical properties enhanced to improve thermal performance, improved handling, and increased strength. These needled blankets combine innovative proprietary technology with proven performance to create high-performance RCF blanket products.

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The key players in this market are Morgan Advanced Materials plc (UK), Alkegen Corporation (US), IBIDEN Co., Ltd. (Japan), Isolite Insulating Products Co., Ltd. (Japan), HarbisonWalker International (US), Nutec FibraTec (Mexico), and RATH Group (Austria). These companies are known for developing a wide variety of ceramic fiber materials used in several industrial applications, such as high-temperature sealing, refractory linings, and thermal insulation. Manufacturers in the ceramic fiber industry frequently use a variety of tactics such as mergers & acquisitions, joint ventures, and launching new products to stay competitive, handle market developments, and satisfy their clients' changing needs. These players may explore opportunities to expand their presence into new geographic markets. This could involve establishing partnerships, distribution networks, or production facilities in regions with high demand for ceramic fiber products.

ALKEGEN Corporation is a major manufacturer in ceramic fiber market. The company is a global leader in serving mission-critical systems dor battery technologies, electric vehicles, filtration media, and specialty insulation materials. After the acquisition of Lydall in 2022, Unifrax changed its name to Alkegen. Two of the world’s leading specialty material companies have come together to represent a new innovation driven organization. In January 2021, company launched Fiberfrax Durablanket LT and Durablanket LT Z Blankets. It offers the same benefits as previous Fiberfrax blankets, now with physical properties enhanced to improve thermal performance, improved handling, and increased strength. These needled blankets combine innovative proprietary technology with proven performance to create high-performance RCF blanket products.

Morgan Advanced Materials plc works on engineering high-performance materials and specialized products that offer reliable solutions to technical challenges. The company strives to provide its customers innovative and differentiated products through extensive R&D measures, technical expertise, and quality processes. Morgan also focuses on enhancing its operational efficiencies by developing innovative products and implementing operational excellence programs to improve its productivity and quality across all its sites. In May 2023, Morgan Advanced Materials announced their commercial startup of 50+% Yixing factory expansion. Yixing plant manufacturers TJM Insulation Firebricks (IFB), this expansion will help the company to fulfill customer needs from China and Asia in petrochemicals, iron & steel, aluminum and cathode materials.

Ceramic Fiber Market New Revenue Pockets

In terms of value, the ceramic fiber market is estimated to grow from USD 2.0 billion in 2022 to USD 3.2 billion by 2028, at a CAGR of 8.2%. The demand for ceramic fiber is driven by the ongoing expansion of sectors such petrochemicals, steel, aluminum, glass, cement, and power generation. Due of ceramic fiber's superior thermal insulation capabilities in high-temperature applications, these industries rely on it.

Based on type, the ceramic fiber market is segmented into RCF, AES Wool, and Others. RCF segment accounted for the largest market share, in terms of both value and volume, in 2022. RCF is the best material to utilize in high-temperature applications because of its superior thermal insulation qualities. These industries include petrochemicals, steel, aluminum, glass, and power production. When compared to conventional refractory materials, RCF is lighter, making it simpler to handle, transport, and install. RCF's strong insulating qualities aid in reducing heat loss, enhancing energy efficiency in a variety of industrial operations.

Based on product form, the ceramic fiber market are segmented into blanket, module, board, paper, and others. Among them, blanket accounted for the largest market share, in both terms of value and volume, in 2022. Ceramic fiber blankets are widely used in a variety of industries, including petrochemicals, steel, aluminum, glass, power generation, and more because of their many benefits. They are frequently utilized in boiler walls, pipe and duct insulation, kiln insulation, furnace linings, and other high-temperature equipment and constructions.Ceramic fiber blankets are ideal for use in high-temperature situations because they offer good thermal insulation.

Based on end-use industry, the ceramic fiber market are segmented into refining & petroleum, metals, power generation and others. In oil refineries, ceramic fiber is widely used to line furnaces, heaters, reformers, and other high-temperature machinery. Its thermal insulating properties contribute to a reduction in heat loss and an increase in energy efficiency in these crucial activities.Production of various chemicals and petrochemical goods takes place in petrochemical facilities. In these facilities, ceramic fiber is utilized as insulation in reactors, cracking units, and other machinery that operates at high temperatures.

Based on region, Asia Pacific ruled the ceramic fiber market, in terms of both value and volume, in 2021. Ongoing infrastructure projects, including transportation, energy, and manufacturing facilities, have driven the demand for ceramic fiber in the region. The aerospace and automotive industries in Asia Pacific are also adopting ceramic fiber for thermal management and fire protection in high-temperature applications.

The key players profiled in the report include Morgan Advanced Materials plc (UK), Alkegen Corporation (US), IBIDEN Co., Ltd. (Japan), Isolite Insulating Products Co., Ltd. (Japan), HarbisonWalker International (US), Nutec FibraTec (Mexico), and RATH Group (Austria). The requirement of ceramic fiber is raising due to the chances for use of ceramic fiber in automotive & aerospace sector is an opportunity for the key players. Likewise, to hit these opportunities key players should concentrate on new innovations and production of ceramic fiber.