Ceramic Fiber Market Update, Analysis, Forecast, 2018-2025
Global
ceramic fiber market has been segmented into oil & gas, aluminum, power
generation, iron & steel and others. The increasing need to lessen the
operating costs and the energy usage in furnace linings, roofs and walls are
expected to fuel the demand for the product in the oil & gas industry., aluminum,
power generation, iron & steel and others. The increasing need to lessen
the operating costs and the energy usage in furnace linings, roofs and walls
are expected to fuel the demand for the product in the oil & gas industry.
A growing profile of steel industry will propel the
ceramic fiber market growth in the future years. Increasing use of these fibers
in end-user industries for their features such as high thermal conductivity,
lightweight, shock resistance, thermal stability, chemical resistance, etc.
will have a positive impact on ceramic fiber market by 2024.
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Refractory
ceramic fibers pose as a key substitute for asbestos due to their unique
insulation features. These fibers feature low density, low thermal inertia;
control the temperature inside the reheating furnace and dissipate little heat
from the furnace. Global Ceramic Fiber Market size is expected to grow with a
prominent CAGR by 2024. The thermal-efficient insulation demand from various
industries including oil & gas, iron & steel, power generation, etc.
shall drive the global ceramic fiber market.
These fibers
feature high levels of thermal efficiency and will have significant demand for
their usage in the inner linings of several reheating furnaces at steel
production plants. As per the World Steel Association, crude steel production
in the world reached 1,630 million tons in 2016, rising from 1,252 million tons
in 2006.
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As per the product type, key products in
ceramic fiber market include: refractory ceramic fiber (RCF) and alkaline earth
silicate (AES) and few others. Alkaline earth silicate segment is likely to
observe growth at a faster pace on account of their unique characteristics and
lower biopersistence (i.e. the length of time for which the fiber remains in
the biological environment). AES ceramic fibers will have substantial demand
for heat insulation for kitchen utensils for household appliances. These fibers
also hold significant scope for providing fire protection in marine vessels
over the forecast timespan.
Considering the form, overall ceramic
fiber market segmentation can be viewed as: blanket, module, paper, board and
others. Module segment shall exhibit highest growth for their operational
ability at various thermal circumstances and their design versatility. Modules
will have significant demand from various industries such as: power generation,
iron & steel, etc. by 2024.
Ceramic fiber market shall witness
escalating demand in the industrial furnaces and kilns for their energy-saving
characteristics in the near future. Several regulations regarding the use of
these fibers for their possible carcinogenicity on their unguarded exposure to
human may act as a growth restrain for global ceramic fiber market by 2024.
Refractory ceramic fiber must be insulated and special measures must be taken
to prevent the exposure to air. The air must be monitored during the
installation phase very carefully for hazard prevention.
The
positive outlook exhibited by the construction and manufacturing sectors in
Asia Pacific in the recent years present brighter aspects for ceramic fiber
industry growth by 2024. Modernization of the regional infrastructure will
encourage the demand for lightweight insulation materials, which will drive the
regional ceramic fiber industry by 2024. China iron & steel sectors have
been witnessing a wider acceptance of these fibers to achieve an increased
production efficiency. For instance, China’s share in finished steel products
grew from 33% in 2006 to 45% in 2016. Considering crude steel production,
China, Japan and India secured the top 3 ranks in 2016 with combined production
of 1,008.8 million tons. Such trends will lead to substantial growth of ceramic
fiber market in Asia Pacific region in the near future.
Global
ceramic fiber market is likely to be highly competitive in the next seven
years. Industry participants have been engaged in substantial research and
development activity to gain the edge over the competitors. Key industry
players in this market have been: Unifrax I LLC, NGP Industries Limited, Morgan
Advanced Materials Plc, Lewco specialty products, Yeso Insulating Products Co.
Ltd., Nutec Fibratec, Rath Inc. and others.
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Ceramic Fiber Market Update, Analysis, Forecast, 2018-2025
Reviewed by GMI
on
August 05, 2018
Rating:
Reviewed by GMI
on
August 05, 2018
Rating:
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