According to the latest research report titled “Ceramic Fiber Market Forecast to 2027 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is accounted to US$ 1,547.6 Mn in 2018 and is expected to grow at a CAGR of 8.4% during the forecast period 2019 – 2027, to account to US$ 3,146.6 Mn by 2027.

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Ceramic fiber is a majorly composed of alumina and silica. Ceramic fiber is developed for applications in which the composite resin or matrix temperature rises above 1000°C in an oxidizing and corrosive environment. It is used in lightweight units for electrical, sound, and thermal insulation. Most ceramic fibers contains an equal proportion of alumina and silica.

INCREASING DEMAND IN VARIOUS END-USE INDUSTRIES – INFLUENCE THE DEMAND FOR CERAMIC FIBER MARKET

The growing demand for ceramic fiber in various end-use industries is estimated to be one of the major drivers for the ceramic fiber market. The ceramic fiber is used as a thermal insulator in the petrochemical industries that have created an upsurge for the ceramic fiber market. Owing to this, there have been other characteristics of the ceramic fiber that have been creating an increasing demand from end-use industries such as iron and steel, refining and petrochemical, power generation, aluminum, and many others.

The market for global ceramic fiber is concentrated with some very well-established players. Some of the key players in the global ceramic fiber market include

  • Great Lakes Textiles
  • HarbisonWalker International
  • Isolite Insulating Products Co., Ltd
  • Lewco Specialty Products, Inc.
  • Luyang Energy-saving Materials Co.,Ltd.
  • Morgan Advanced Materials
  • Nutec Group
  • Pyrotek Inc.
  • Rath-Group
  • Unifrax LLC

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