Ceramic Fiber Market by Type {Refractory Ceramic Fiber (RCF), Alkaline Earth Silicate (AES) Wool}, Product Form (Blanket, Board, Paper, Module), End-use Industry (Refining & Petrochemical, Metal, Power Generation), and Region - Global Forecast to 2029
Ceramic Fiber Market
The global ceramic fiber market is valued at USD 2.3 billion in 2024 and is projected to reach USD 3.5 billion by 2029, growing at 8.6% cagr from 2024 to 2029. The major factors driving the ceramic fiber market are the mounting demand for ceramic fiber insulation, growing infrastructural projects and urbanization, and increasing industrial expansion in the Asia Pacific. Technological advancements in ceramic fiber, such as the melt spinning, sizing & coating treatments, and sol-gel processes, are driving the market. Among these, the melt spinning technology can be economically scaled up to large scale. For instance, the key players are utilizing the same technology to manufacture ceramic fiber materials to support the rising demand from end-use industries such as oil & gas and transportation. Due to these factors, the consumption of ceramic fiber has grown significantly.
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Ceramic Fiber Market Dynamics
Driver: Mounting demand for ceramic fiber insulation
The mounting usage of ceramic fiber insulation is playing a significant role in the growth of the ceramic fiber market in many industries. Some industries with rising demand include the steel industry, cement manufacturers, and petrochemicals; these industries require high and sustainable temperature-resistant insulation. The environmental aspect is also a primary concern, which is creating demand, as ceramic fiber insulation aids in energy conservation and meets most regulations on emanated heat. New developments in the area of ceramic fiber materials and their increasing use in construction, as well as for high-temperature applications, contribute to the growth of the market. Economic and infrastructure developments, especially in the emerging markets, have increased pressure on the need to develop better insulation systems, which, in turn, fuels the growth of the ceramic fiber market.
Restraints: Rising regulations on hazardous raw materials used in ceramic fiber manufacturing
Regulations that have been devised to solve environmental and health problems in the community are gradually forcing manufacturers to be more responsible for their processes and the materials they use. Significant caution is required toward certain raw materials used in manufacturing processes that are prohibited or restricted due to their detrimental health effects, such as asbestos and other toxic substances; this requires innovations to discover more environmentally friendly materials. Adherence to these regulations may require sourcing new products, such as technologies and materials, to enhance production expenditure while, at the same time, expanding on innovations, which is restraining market growth.
Opportunities: Rising demand from alternative energy industries
Rising demand from other energy sectors as a result of the shift toward the usage of ceramic fiber is also contributing to the growth of the market. For example, as energy forms, such as wind, solar, and bioenergy, are becoming popular all over the world, these industries need materials that can withstand harsh environments and improve efficiency. Ceramic fibers, which have outstanding thermal stability and high-temperature strength, are well suited for applications in parts and components, including turbine blades, heat exchangers, and insulating materials for solar thermal applications. There is a high pace in the application of improved and durable ceramic fiber products to meet the required competencies and strengths in such applications. This trend not only enables the development of ceramic fiber applications in new energy fields but also drives innovations and investments in high-value-added insulation materials.
Challenges: Changing policies regarding import tariffs
Policies relating to import tariffs remain a major threat to the ceramic fiber market since they affect cost structures and trade regulations across the world. Short-term fluctuations include fluctuating tariffs, which lead to the fluctuating costs of raw materials and even the finished products, affecting profitability for manufacturers and, therefore cause changes in the prices of their products. Higher tariffs on imported ceramic fibers or their components may lead to changing supply sources by forcing firms to find local sources, which may be costly and time-consuming. This is associated with risks such as interruptions in supply chains and escalation of the prices of the final products, hence reducing their demand.
Ceramic Fiber Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of ceramic fiber. These companies have been in the business for a while and offer a broad range of products, cutting-edge technologies, and robust international sales and marketing networks. The leading companies in this market include Morgan Advanced Materials plc (UK), Alkegen (US), IBIDEN Co., Ltd. (Japan), NUTEC Incorporated (Mexico), HarbisonWalker International Inc. (US), Isolite Insulating Products Co. Ltd. (Japan), YESO INSULATING PRODUCTS COMPANY LIMITED (China), RATH Group (Austria), and ZIRCAR Ceramics Inc. (US), among others.
Based on type, the AES wool segment is projected to register the highest CAGR in the ceramic fiber market, in terms of value, during the forecast period
The AES wool type of ceramic fiber is projected to be the fastest-growing segment in the ceramic fiber market as it can provide better thermal performance compared with other materials and also has higher flame and heat resistance. AES wool is safer for health than traditional ceramic fibers, and in a way, is friendlier to the environment and meets the present higher safety standards. Technical progress has also contributed to the lower price of AES wool, while its application range – from industrial insulation to fire protection – also adds to its versatility. Rising consumption from the aerospace, automotive, and construction industries also contributes to the increased use of AES wool, thus making it a preferred option in the ceramic fiber market.
Based on end-use industry, refining & petrochemical is projected to be the largest segment in the ceramic fiber market, in terms of value, during the forecast period
The largest market for ceramic fiber is the refining and petrochemical end-use, as this industry demands high-quality thermal insulation for high-temperature processes. In this industry, ceramic fibers are vital since they help reduce heat transfer rates and are heat resistant. They last long and are also chemically immune to acute chemicals and are thus suitable for the rigorous working environments in refineries and petrochemical companies. In addition, FDA guidelines concerning safety/environmental standards state that inhaling ceramic fibers triggers the increased use of these improved ceramic raw materials. One of the main reasons for the continuous rise in demand is the ongoing improvements of LNG facilities, as well as the construction of new facilities. Enhancements in the refining and petrochemical sector is another factor that guarantees that this sector remains the largest consumer of ceramic fibers.
Asia Pacific was the largest and is projected to be the fastest-growing region, in terms of value, during the forecast period in the ceramic fiber market.
The Asia Pacific region accounts for the largest market and is expected to grow at the highest CAGR in the ceramic fiber market because of some influential factors. Primarily, rapid industrialization and urbanization across countries such as China, India, and the Southeast Asian region are expected to considerably boost the demand for ceramic fibers across various end-uses, that too, within a short span of time in sectors such as construction, automotive, and manufacturing. Government policies and afforestation schemes, along with increased spending on industrial structures and energy-saving technologies, drive the market further. Coupled with the increasing growth of the region as a manufacturing hub and the expanding industrial applications make Asia Pacific the leading ceramic fiber market.
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Ceramic Fiber Market Players
Morgan Advanced Materials plc (UK), Alkegen (US), IBIDEN Co., Ltd. (Japan), NUTEC Incorporated (Mexico), HarbisonWalker International Inc. (US), Isolite Insulating Products Co. Ltd. (Japan), YESO INSULATING PRODUCTS COMPANY LIMITED (China), RATH Group (Austria), and ZIRCAR Ceramics Inc. (US), among others, are the key manufacturers that secured major market share during the last few years.
Ceramic Fiber Market Scope Report
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Report Metric |
Details |
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Years considered for the study |
2018–2029 |
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Base year considered |
2023 |
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Forecast period |
2024–2029 |
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Units considered |
Volume (Kiloton) and Value (USD Million) |
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Segments covered |
Type, Product Form, End-use Industry, and Region |
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Regions covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies profiled |
The key players profiled in the report include Morgan Advanced Materials plc. (UK), Alkegen (US), IBIDEN Co., Ltd. (Japan), NUTEC Incorporated (Mexico), HarbisonWalker International Inc. (US), Isolite Insulating Products Co. Ltd. (Japan), YESO INSULATING PRODUCTS COMPANY LIMITED (China), RATH Group (Austria), ZIRCAR Ceramics Inc. (US), and others. |
This report categorizes the global Ceramic Fiber Market based on material type, application, and region.
On the basis of type, the Ceramic Fiber Market has been segmented as follows:
- RCF
- AES Wool
- Other Types
On the basis of Product Form, the Ceramic Fiber Market has been segmented as follows:
- Blanket
- Module
- Board
- Paper
- Other Product Forms
On the basis of End-use Industry, the Ceramic Fiber Market has been segmented as follows:
- Refining & Petrochemical
- Metals
- Power Generation
- Other End-use Industries
On the basis of Region , the Ceramic Fiber Market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Arica
- South America
Recent Developments
- In July 2023, Morgan Advanced Materials expanded its Yixing plant, increasing its capacity by over 50%. The facility produces TJM Insulating Firebricks (IFBs), including specialty thermal joint material (TJM) Bubble Alumina bricks used in high-temperature industrial applications.
- In April 2024, Alkegen announced that it will supply advanced thermal protection solutions for JLR’s (Jaguar Land Rover) next-generation electric vehicles.
- In February 2023, the complete acquisition of HarbisonWalker International was announced by Platinum Equity. Platinum Equity is a multinational investment company that manages assets of about USD 36 billion and has approximately 50 products in its portfolio.
Frequently Asked Questions (FAQ):
Which are the major players in the ceramic fiber market?
The key players profiled in the report are Morgan Advanced Materials plc. (UK), Alkegen (US), IBIDEN Co., Ltd. (Japan), NUTEC Incorporated (Mexico), HarbisonWalker International Inc. (US), Isolite Insulating Products Co. Ltd. (Japan), YESO INSULATING PRODUCTS COMPANY LIMITED (China), RATH Group (Austria), and ZIRCAR Ceramics Inc. (US), among others.
What are the drivers and opportunities for the ceramic fiber market?
The rising demand from alternative energy industries and mounting demand from the transportation industry are the major drivers for this market.
What are the strategies key players are focusing on in the ceramic fiber market?
Product launches, expansions, and partnerships are some of the strategies adopted by the key players to expand their global presence.
What is expected to be the CAGR of the ceramic fiber market for the next five years?
The market is projected to grow at a CAGR of 8.6% in terms of value, during the forecast period.
What are the major factors restraining the growth of the ceramic fiber market during the forecast period?
Rising regulations on hazardous raw materials used in ceramic fiber are expected to restrict market demand. .
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The study involved four major activities in estimating the market size for ceramic fiber market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The ceramic fiber market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by RCF, AES Wool, and other types. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2023, available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
To know about the assumptions considered for the study, download the pdf brochure
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COMPANY NAME |
DESIGNATION |
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Alkegen |
Senior Manager |
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Rath Group |
Innovation Manager |
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Refmon Industries |
Vice-President |
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Morgan Advanced Materials plc |
Production Supervisor |
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IBIDEN Co., Ltd. |
Sales Manager |
MARKET SIZE ESTIMATION
Both top-down and bottom-up approaches were used to estimate and validate the total size of the ceramic fiber market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Ceramic Fiber Market: Bottom-Up Approach
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Ceramic Fiber Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the ceramic fiber industry.
Market Definition
The ceramic fiber market can be defined as the segment of the industry that deals with manufacturing and supply of ceramic fibers as well as the use of the fibers as insulation products derived from ceramic materials. Such fibers are characterised by high thermal stability, low coefficient of thermal expansion and high thermal conductivity and ageless at high temperatures. The market consists of various types of ceramic fibers products including RCF, AES Wool, and others, Product forms like blankets, boards, papers, module and others among others.
Key Stakeholders
- Ceramic fiber manufacturers
- Ceramic fiber suppliers
- Raw material suppliers
- Service providers
- End-use companies
- Government bodies
Report Objectives
- To define, describe, and forecast the ceramic fiber market in terms of value and volume
- To provide detailed information regarding the drivers, opportunities, restraints, and challenges influencing market growth
- To estimate and forecast the market size by type, product form, end-use industries, and region
- To forecast the size of the market for five main regions: Asia Pacific, Europe, North America, South America, and the Middle East & Africa, along with their key countries
- To strategically analyze micromarkets1 with respect to their growth trends, prospects, and contribution to the overall market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To analyze competitive developments, such as deals and expansions, in the market
- To analyze the impact of the recession on the market
- To analyze the impact of COVID-19 on the market and end-use industry
- To strategically profile key players and comprehensively analyze their growth strategies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application type
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Generating Response ...
Growth opportunities and latent adjacency in Ceramic Fiber Market
Market feasibility on ceramic fiber board
ceramic fiber paper market
Data on market size and share by region of Ceramic Fibres, market drivers and opportunities.
Market information on global Cermaic fiber market
Global Market Opportunity Study study on Alumino Silicate Wool (ASW) also known as Refractory Ceramic Fibre (RCF) – H.S. Code 6806 68 06 00 00.
Information on ceramic fiber blanket roll pricing