Ceramic Fiber Market worth $3.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 17, 2023 /PRNewswire/ -- The report "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 to 2028", size was USD 2.0 billion in 2022 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 8.2% from 2023 to 2028.

The demand for ceramic fiber rises as nations industrialize and enjoy economic prosperity. Ceramic fiber is used in high-temperature applications by industries including petrochemicals, steel, aluminum, glass, and power generation. Ceramic fiber's excellent fire resistance properties have made it a popular choice for fireproofing and insulation in buildings and industrial settings.

Browse in-depth TOC on "Ceramic Fiber Market"

248 – Tables
60 – Figures
247 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=384

Based on product form, blanket was the largest product form of the ceramic fiber market, in terms of value, in 2022

Ceramic fiber blankets are versatile and can be easily cut, shaped, and installed, making them suitable for a wide range of high-temperature insulation applications. These blankets offer exceptional thermal insulation, which makes them perfect for use in boiler walls, furnace linings, kiln insulation and other high-temperature machinery. Ceramic fiber blankets are the best choice for applications requiring quick temperature changes since they have low thermal mass and heat up and cool down quickly.

Refining & Petrochemical is estimated to be the largest end-use industry of the ceramic fiber, in terms of value, during the forecast period.

Ceramic fiber is ideally suited for lining storage tanks, pipelines, and other machinery that comes into contact with corrosive petrochemical substances because of its strong resistance to corrosive chemicals. Rapid temperature variations are a common feature of petrochemical operations, and these shifts can subject traditional materials to thermal shock. Ceramic fiber is more resilient and dependable under such challenging operating conditions thanks to its low thermal mass and resilience to thermal shock.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=384

Asia Pacific is estimated to be the largest market for the ceramic fiber market, in terms of value, during the forecast period.

Large ceramic fiber suppliers and manufacturers in nations like China contributed to the expansion of the regional market. China, a significant player in the ceramic fiber market, was essential to the Asia Pacific region's overall domination of this sector. Additionally, the Asia Pacific region's growing construction industry has expanded the use of ceramic fiber for thermal insulation and fire protection with an emphasis on creating sustainable and energy-efficient structures.

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).

Browse Adjacent Market: Fibers and Composites Market Research Reports & Consulting

Related Reports:

Advanced Ceramics Market - Global Forecast to 2028

High-Temperature Insulation Materials Market - Global Forecast to 2024

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ceramic-fibers.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/ceramic-fiber.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg