Asia-Pacific Drives Ceramic Fiber Market Surge

Dublin, September 1, 2023 /PRNewswire/ — “Ceramic Fiber Market by Type (RCF, AES Wool), Product Form (Blankets, Modules, Board, Paper), End-Use Industry (Refining & Petrochemicals, Metals, Power Generation) and Region (Asia Pacific, North America, Europe, middle east & Africa) – Global projections to 2028” report added of ResearchAndMarkets.com Recruitment.

The global ceramic fiber market is poised for significant growth, with an estimated value of $2 billion Projected to reach in 2022 $3.2 billion This reflects a compound annual growth rate (CAGR) of 8.2% during the forecast period.

Improved energy efficiency:

Ceramic fiber insulation plays a pivotal role in increasing energy efficiency throughout various petrochemical processes. By minimizing heat loss, conserving energy and maintaining a constant operating temperature, ceramic fiber insulation emerges as a key solution for increasing energy efficiency.

Advantages of RCF types:

RCF (refractory ceramic fiber) type is expected to emerge as the largest segment in terms of value during the forecast period. RCF is the preferred choice in many industrial environments due to its adaptability and cost-effectiveness. While other varieties, such as polycrystalline fibers, are gaining more attention, RCF remains a preeminent insulation material in areas such as glass, steel and aluminum production. RCF ceramic fibers are applied in industrial furnaces, kilns and high temperature machines to enhance heat retention, energy efficiency and temperature stability.

Revitalization of the petrochemical industry:

The refining and petrochemical end-use industry is projected to be the largest segment in terms of value during the forecast period. Due to their ability to withstand very high temperatures (up to 2300°F or 1260°C), ceramic fibers are preferred for furnace, reactor, and machine insulation in these operations. In refineries and chemical plants, ceramic fibers effectively insulate pipes, tanks and equipment, contributing to energy savings, temperature stability and heat loss prevention.

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Asia Pacific Leadership:

Asia Pacific It has emerged as the largest region in terms of value for the ceramic fiber market in 2022. The region’s fast-growing industries, including steel, petrochemicals, cement, power generation, and automobiles, contributed significant market shares. The expansion of these fields, coupled with the growing awareness of the benefits of ceramic fibers for high temperature insulation and energy efficiency, has been a driving force. Asia Pacific in a leadership position. ChinaIn particular, it has played a pivotal role as an important producer and consumer of ceramic fibers on the world stage.

Premium Insights:

Asia Pacific Driving force:

Chinese Superiority:

Advantages of blankets:

Leading refining and petrochemicals:

Indian Incredible CAGR:

Market dynamics:

driver

Restraint

opportunity

assignment

Companies Mentioned:

• 3M

• Alkegen Co., Ltd.

• Adol Insulflex Co., Ltd.

• Serum Source Co., Ltd.

• ceramic material

• double eaglet insulation

• Fibercast Co., Ltd.

• General Insulation Company Ltd.

• Harbison Walker International Co., Ltd.

• IBIDEN Co., Ltd.

• Isolite Insulation Products Co., Ltd.

• Luyang Energy Saving Materials Co., Ltd.

• Morgan Advanced Materials plc

• ME Schupp Industriekeramik GmbH

• Mineral Seal Co., Ltd.

• Newtech Fibratech

• promart

• Pyrotech Co., Ltd.

• Lars Group

• Simon Fibertech Limited.

• Specialty products and insulation

• Sri Ceramic Fiber Private Limited

• Thermal Products Company Co., Ltd.

• Thermal Max Co., Ltd.

• Yesso Insulation Products Co., Ltd.

Key Attributes:

For more information on this report, please visit: https://www.researchandmarkets.com/r/6uifky

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