In terms of value, the ceramic fiber market is estimated to grow from USD 2.0 billion in 2022 to USD 3.2 billion by 2028, at a CAGR of 8.2%

Ceramic fiber insulation helps enhance energy efficiency in many petrochemical processes by reducing heat loss, saving energy, and maintaining stable operating temperatures. RCF type of ceramic fiber market is expected to be the largest type, in terms of value, during the forecast period.

New York, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Ceramic Fiber Market by Type, Product Form, End-Use Industry and Region - Global Forecast to 2028" - https://www.reportlinker.com/p03605434/?utm_source=GNW Ceramic fiber insulation helps enhance energy efficiency in many petrochemical processes by reducing heat loss, saving energy, and maintaining stable operating temperatures.RCF type of ceramic fiber market is expected to be the largest type, in terms of value, during the forecast period.RCF is a preferred option in many industrial settings thanks to its adaptability and affordability.The ceramic fiber market is diversified, and other varieties, such polycrystalline fibers, are also becoming more popular because of their distinct qualities and benefits in particular applications.RCF ceramic fiber is frequently utilized as insulation material in a variety of sectors, including the production of glass, steel, and aluminum. In industrial furnaces, kilns, and other high-temperature machinery, it aids in heat retention, boosts energy efficiency, and maintains stable temperatures.Refining & Petrochemical end-use industry for ceramic fiber market is expected to be the largest segment, in terms of value, during the forecast period.The petrochemical industry is one of the major sectors driving the growth of the ceramic fiber market.Ceramic fiber is an ideal choice for insulating furnaces, heaters, reactors, and other machinery used in these operations because of its capacity to endure extremely high temperatures (up to 2300°F or 1260°C).In refineries and chemical plants, ceramic fiber is used to insulate pipes, tanks, and other machinery.For effective functioning, it is essential to maintain stable temperatures, conserve energy, and avoid heat loss.In petrochemical processing units, such as cracking furnaces and reformers, ceramic fiber linings are used to improve thermal efficiency and protect the outer surfaces of the equipment.Asia Pacific was the largest region for ceramic fiber market, in terms of value, in 2022Ceramic fiber is widely used in many industries throughout the Asia Pacific area, including steel, petrochemicals, cement, power generation, and automobiles.Its significant market share was influenced by the expansion of these businesses in the area as well as growing public knowledge of the advantages of ceramic fiber for high-temperature insulation and energy efficiency.China in particular has been a significant producer and consumer of ceramic fibre on the international market. Ceramic fiber materials are in high demand as a result of the nation’s expanding steel, metallurgy, and petrochemical industries.• By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%• By Designation: Director Level - 37%, C-Level - 23%, and Others - 40%• By Region: North America - 32%, Europe - 21%, Asia Pacific - 28%, South America and Middle East & Africa - 12%, South America – 7%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).Research CoverageThis report segments the market for ceramic fiber based on type, product form, end-use industry, and region and provides estimations of volume (kiloton) and value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, key strategies, associated with the market for ceramic fiber.Reasons to Buy this ReportThis research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the ceramic fiber market; high-growth regions; and market drivers, restraints, and opportunities.The report provides insights on the following pointers:• Analysis of key drivers (Increasing demand for ceramic fiber insulation from high-temperature applications, Increased thermal efficiency as compared to substitutes, Rapid urbanization and infrastructural developments), restraints (Stringent regulations pertaining to the use of carcinogenic materials and durability issues, Stringent regulations on conventional insulation products), opportunities (Increasing demand from various applications in aerospace and alternative energy industries, Increasing capacity expansions and joint venture activities in high growth markets), and challenges (Changes in the iron & steel industry of China, Delayed and increased ocean freights)• Market Penetration: Comprehensive information on ceramic fiber offered by top players in the global market• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the ceramic fiber market• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for ceramic fiber across regions• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global ceramic fiber market• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the ceramic fiber marketRead the full report: https://www.reportlinker.com/p03605434/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________