The high demand for Ceramic Fiber Market can be attributed to the superior properties exhibited such as lightweight, thermal stability, excellent thermal insulating performance, high resistance to thermal shock, and low thermal conductivity.
Luton, Bedfordshire, United Kingdom, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Ceramic Fiber Market.
The global Ceramic Fiber Market held a market value of USD 1.91 billion in 2021 and is projected to reach USD 4.46 billion by 2029. The market is anticipated to grow at a CAGR of 9.9% from 2022 to 2029.
Ceramic fiber is lightweight, has a high compressive strength, and enhances thermal performance without requiring vacuum, it is utilized in aeroplanes. It is also known as high-temperature insulating wool. Only in high-temperature industrial applications and other activities are they used. Ceramic fibers are used in a variety of industries such as aluminum, petrochemicals, power generation, iron and steel, ceramics, and so on. Aluminum silicate fiber, also known as refractory ceramic fiber, is the first type of ceramic fiber.
Request Sample PDF Brochure of Ceramic Fiber Market Size and Global Analysis with Strategic Developments at:
https://exactitudeconsultancy.com/reports/5653/ceramic-fiber-market#request-a-sample
In 2022: Sappi has pledged to contribute to the solution and is attempting to decarbonize its business practices. As the next step in its long-term commitment to preserving the planet and promoting sustainable production on a global scale, it will stop using coal at its German facility in Stockstadt. To achieve this, Boiler 9, the mill's current coal-fired boiler, will be demolished, and the mill will run entirely on natural gas and renewable biomass.
In September 2021, Enexor BioEnergy announced its partnership with the University of Tennessee. This partnership will help Enexor to test high-temperature ceramic filter technology and gather information about energy and cost saving characteristics of ceramic fibers.
Asia Pacific shares 28% of total market. After that, Rest of the World 72% of global market respectively.
The Asia Pacific region is dominating the market of ceramic fibers due to intensive R&D, increasing infrastructural development activities, and increasing awareness created by regulatory organizations, such as EPA and REACH, for environmental protection. The ceramic fiber market in the region will benefit greatly as a result of this. The ceramic fiber market in the region has a lot of potential because of the metal, refining & petrochemical, and power generation industries.
Aerospace industry holds the largest market share owing to growing adoption of ceramic fiber.
Ceramic fibers are employed in the aerospace sector because of their lightweight, high-temperature resistance, electrical insulation, corrosion resistance, chemical stability, wear resistance, and vibration resistance. Ceramic-fiber reinforced composites are employed in the manufacturing of engine parts such as turbine blends, compressors, and exhaust buckets, as well as aerospace rockets.
Iron and steel industries hold the highest market size owing to its higher thermal performance in comparison with other materials.
Ceramic fiber is increasingly being used as a refractory lining for heat treatment and preheating furnaces in the iron and steel industries. This is owing to the fact that it has a higher heat efficiency per unit thickness than insulating fire bricks. Ceramic fiber is lightweight and has low conductivity, which helps to conserve energy by preventing heat from escaping from furnaces and kilns. It can help in saving up to 20% of energy, lowering overall production costs.
USD 1.91 billion in 2021 USD 4.46 billion by 2029
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Material Type, End-Use Industry and Region
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Morgan Advanced Materials plc, Unifrax LLC, Harbisonwalker International Inc., Nutec Fibratec, Rath Group, FibreCast Inc., Double Egret Thermal Insulation, Luyang Energy Savings Material Co., Ltd., Ibiden Co., Ltd., Isolite Insulating Product Co. Ltd. and Yeso Insulating Product Co., Ltd.
The refining and petrochemical industry has the largest market share and is predicted to grow the fastest over the projection period.
The growing demand for ceramic fiber in the refining and petrochemical industries is driven by the need to reduce operating costs, improve dependability, and reduce energy consumption in furnace linings.
Ceramic fiber products have opportunities in alternative energy also, due to their high-temperature resistance. Fuel cells, solar, geothermal, biofuels, and waste incinerators are examples of alternative energy applications.
Some Major Findings of the Ceramic fiber Market:
Innovation is one of the most important and key strategies as it has to be for any ceramic fiber market. However, companies in the Ceramic Fiber Market have also opted for and successfully driven inorganic growth strategies like mergers & acquisitions and so on.
Key players in global ceramic fiber market are Morgan Advanced Materials plc, Unifrax LLC, Harbisonwalker International Inc., Nutec Fibratec, Rath Group, FibreCast Inc., Double Egret Thermal Insulation, Luyang Energy Savings Material Co., Ltd., Ibiden Co., Ltd., Isolite Insulating Product Co. Ltd., Yeso Insulating Product Co., Ltd. and others.
Browse the full report at@:
https://exactitudeconsultancy.com/reports/5653/ceramic-fiber-market
Driver: Increasing use of ceramic fiber in petrochemical industry
Ceramic fiber is widely used in the petrochemical industry for filtration, fire protection, and thermal management solutions, among other applications. One of the major factors driving Ceramic Fiber Market growth is the increasing use of ceramic fiber in the petrochemical industry. It is used in the iron and steel industries as a refractory liner for heating furnaces during thermal processing. Ceramic fiber materials help to prevent heat leaking from kilns and furnaces, lowering overall production costs. Ceramic fiber filtration technology is also used to reduce pollution in the environment. Moreover, increasing focus on research and development activities, rising application of ceramic fiber in the manufacturing of aerospace components, and rising environmental concerns are some other key factors expected to continue to drive Ceramic Fiber Market revenue growth going ahead.
Restraint: Side-effects of ceramic fiber
Ceramic fiber materials are composed of inorganic compounds known as carcinogens, such as alumina or Al2O3 and silica or Si2O3. Prolonged exposure to ceramic fiber may cause eye and skin irritation, as well as respiratory problems such as chronic cough, dyspnea, and wheezing. This factor is expected to limit the use of ceramic fiber materials and have a negative impact on Ceramic Fiber Market growth. Furthermore, the high cost of production and the presence of stringent regulations regarding the use of petrochemical-based products due to negative environmental effects are key factors that are expected to limit revenue growth to some extent.
Opportunities: Increasing demand from various applications in aerospace and alternative energy industry
Ceramic fiber products, due to their high-temperature resistance, are being used in new applications, such as aerospace and alternative energy. The alternative energy applications include fuel cells, solar, geothermal, biofuels, and waste incinerators. Ceramic fiber, which is very strong and lightweight, is slowly revolutionizing the aerospace industry.
Key Insights from Primary Research
As per the analysis, the Ceramic fiber market is likely to grow above a CAGR of around 9.9% between 2022 and 2029.
The Ceramic fiber market size was worth around USD 1.91 billion in 2021 and is estimated to hit approximately USD 4.46 billion by 2029. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
By process of manufacturing, the natural Ceramic fiber category dominated the market in 2022.
By application, Ceramic fiber for the textile segment dominated the market in 2022.
On the basis of region, The Asia Pacific dominated the Ceramic fiber market in 2022.
Browse some more of Exactitude Consultancy’s report -
The global aircraft insulation materials market was valued at USD 20.007 billion in 2021 and is projected to reach USD 39.33 billion by 2029, expanding at a CAGR of 7.8% during the forecast period.
https://exactitudeconsultancy.com/reports/4658/aircraft-insulation-materials-market
The global Exterior Wall Systems Market is expected to grow at a 3.25% CAGR from 2020 to 2029. It is expected to reach above USD 189.2 billion by 2029 from USD 141.9 billion in 2021.
https://exactitudeconsultancy.com/reports/6233/exterior-wall-systems-market
The global cladding systems market is expected to grow at a 5.6% CAGR from 2022 to 2029. It is expected to reach above USD 362 billion by 2029 from USD 221.28 billion in 2021.
https://exactitudeconsultancy.com/reports/5862/cladding-systems-market
The global Polyurethane Adhesives Market will witness a CAGR of 6.2% for the forecast period of 2022-2029. It is expected to reach above USD 11.95 Billion by 2029 from USD 7.50 Billion in 2021.
https://exactitudeconsultancy.com/reports/6818/polyurethane-adhesives-market
Under the influence of Saudi and Russian oil producers, oil and gas experts have ignored genuine accomplishments by the Biden administration.
The chief executive of Vale SA said on Friday the Brazilian iron ore miner is reconsidering a near-term spin-off of its base metals business and an eventual public listing. But rather than selling all or part of it, the company is now looking to separate and ring-fence the copper and nickel unit from the iron ore business as the two have different growth prospects, Eduardo Bartolomeo said at the FT Mining Summit. The idea is to eventually grow the base metals unit as big as Vale today, which has a market capitalisation of $66 billion, and take it to the public market, Bartolomeo said, without giving details on timing.
It leaves the U.S. with an emergency supply that will only last for 20 days.
Today's Research Daily features new research reports on 16 major stocks, including AstraZeneca PLC (AZN), Caterpillar Inc. (CAT) and Crown Castle Inc. (CCI).
Global aerospace and defense technology firm L3Harris Technologies LHX is on the move to the upside. The charts of LHX are looking promising again so let check. In this daily bar chart of LHX, below, we can see that prices have broken a downtrend (not drawn) from early March.
(Bloomberg) -- Rio Tinto Group is asking for pitches from some of the biggest investment banks for lithium companies and projects it could buy as the mining giant looks to expand into the key battery metal.Most Read from BloombergTwitter Tumbles as US Weighs Security Reviews for Musk DealsChinese Chip Startup Shows Key Gap in Biden Export CurbsTrump Deposed in Suit by Investors Claiming Fraud in ‘Apprentice’ Videophone PitchesFed-Obsessed Traders Lift Stocks as Yields Slide: Markets WrapApple’s
Pinterest will release financial results for the third quarter 2022 on Thursday, October 27, after market close. Bottom-line strategy: It looks like bullish traders are shying away from PINS ahead of earnings.
The upstart e-commerce service is posing a challenge to the U.S. retailing titans, which have plowed billions of dollars into the world’s biggest untapped digital market.
Instead of being trampled by the transition to green energy, oil-and-gas giants are now positioned to profit from it.
Rocked by its biggest energy shock since the 1970s, Europe is unpicking parts of a two-decade endeavor to foster a competitive market in natural gas.
Yahoo Finance's Pras Subramanian discusses features of GM's 2024 all-electric Sierra pickup truck as well as his conversation with GMC Sierra EV Chief Engineer Nichole Kraatz.
A surge in activity offshore and internationally plays to the oil-services company's strengths. The stock took off on Friday morning.
Oil futures end higher on Friday, while natural-gas prices post a hefty weekly loss of more than 20%
The launcher of this latest rhetorical missile is, of course, Elon Musk, CEO of Tesla, serial entrepreneur and the richest man in the world. Tesla's valuation will reach at least $4.5 trillion in the next few years, Musk estimated. Apple is currently the world's most valuable company, with a market value of $2.34 trillion at lasts check, according to companiesmarketcap.com.
Verizon Communications Inc. on Friday unveiled a new cost-cutting plan after higher corporate costs and rising interest rates ate into its third-quarter profit. The largest U.S. cellphone carrier in terms of subscribers reported a net gain of 8,000 phone connections under postpaid billing plans during the September quarter, a sign that recent rate increases had prompted many of its most reliable customers to leave the service. Verizon executives nevertheless said that the price increases for certain cellphone plans were paying off, noting that overall wireless service revenue grew over the third quarter.
Schlumberger earnings beat estimates Friday as the oilfield service firm reported momentum was building in the industry. SLB shares edged higher Friday.
(Bloomberg) -- Schlumberger shares soared after posting its best profit in seven years and raising guidance for the rest of 2022 as overseas drillers put oil and gas rigs back to work, following North America’s lead amid tight global supplies. Most Read from BloombergTwitter Tumbles as US Weighs Security Reviews for Musk DealsChinese Chip Startup Shows Key Gap in Biden Export CurbsTrump Deposed in Suit by Investors Claiming Fraud in ‘Apprentice’ Videophone PitchesFed-Obsessed Traders Lift Stocks
Starbucks is hardly percolating as corporate leaders deal with an increased labor movement in its ranks. Let's check the temperature of the charts and indicators of the Seattle-based coffee giant. In the daily bar chart of SBUX, below, we can see a weakening picture.
Consol Energy Inc.'s newest mine has shipped its first train full of metallurgical coal. Itmann No. 5, in southern West Virginia, loaded and shipped that first coal via Norfolk Southern on Oct. 12, several weeks after the Canonsburg-based company commissioned the preparation plant at the $100 million mine. Itmann is an expansion for Consol (NYSE: CEIX) beyond its traditional production of coal for power plants, which is mined at its Bailey/Enlow Fork/Harvey mine complex underneath Greene and Washington counties.
Crude prices picked up even after President Joe Biden announced the release of more reserves from strategic stockpiles.