Asia Pacific Ceramic Fiber Market Size By Product (Refractory Ceramic Fiber [RCF], Alkaline Earth Silicate [AES]), By Form (Blanket, Module, Board, Paper), By Application (Expansion Joint Fiber Barriers, High Temp Pipe, Duct & Tube Insulation, Industry Furnace Base Seal, Fire Dampers), By End-user Industry (Oil & Gas, Iron & Steel, Power Generation, Aluminum, Chemical Processing Industry, Ceramics), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: May 2020  |  Report ID: GMI4657  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 205   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Asia Pacific Ceramic Fiber Market size was USD 637.3 million in 2019 and will grow at a CAGR of 6.3% from 2020 to 2026. The industry will showcase significant growth owing to growing utilization of these fibers in aluminum, chemical processing, steel & iron industry for insulation purpose. Advantages offered by these fibers including high temperature stability, excellent thermal shock resistance, low heat storage, lightweight insulation, among others will drive the usage in several end use sectors.
 

Asia Pacific Ceramic Fiber Market Statistics

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Ceramic fiber is an artificial mineral fiber with dominant composition of alumina and silica. It has exceptionally low thermal conductivity and dissipates little heat from the furnace and has remarkable energy saving properties. Therefore, rising demand for high-temperature insulation materials for the power generation industry coupled with excellent resistance of ceramic fibers to chemical & physical wear and corrosion will support the Asia Pacific ceramic fiber market growth.
 

The growing steel industry in the Asia Pacific region owing to rising demand for steel from several end-user sectors such as construction, automotive, ship building, among others will support the Asia Pacific ceramic fiber market share over the projected timeframe. Ceramic fibers are used in several applications of the steel industry including heat treating & annealing furnaces, furnace door lining & seals, furnace hot face repairs, soaking pit convers & seals, reheat furnaces, ladle covers, among others. Expansion of steel production facilities coupled with the development of new facilities in the region will further drive the product demand.
 

Ongoing infrastructure development activities in the region have resulted in the growing steel, and power generation sectors. The construction industry accounts for around 70% of steel consumption, and proliferating construction projects are providing a positive ceramic fiber market outlook in Asia Pacific for the steel industry. Furthermore, the automotive industry consumes around 10% of the overall steel consumption.
 

The Asia Pacific region is a lucrative market for the automotive sector and is a home to some of the leading automobile manufacturers such as Toyota, Honda, General Motors, Nissan etc. The development of several ceramic fiber products specially for high temperature applications in the steel industry will subsequently support the Asia Pacific ceramic fiber market over the study timeframe.
 

Short term ceramic fiber demand will witness diminishing market in 2020 owing to the ongoing COVID-19 pandemic. Governments in the region have shut down day-to-day business operations in order to subdue the spread of COVID-19 by implementing a full-scale lockdown. Delay in manufacturing, project completions and labor shortages are few factors decelerating the APAC ceramic fiber market resulting in a decline in the product deployment.
 

Refractory ceramic fibers are composed of several inorganic materials including silica and alumina, which are known as carcinogenic materials. Further, the conventional manufacturing process of ceramic fibers involves extrusion of molten ceramic and during this process small ceramic fibers may inject into lungs of workers, causing serious respiratory diseases. Therefore, stringent regulations followed by several Asian countries, might pose threat to Asia Pacific ceramic fiber market over the study timeframe.
 

Asia Pacific Ceramic Fiber Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 637 Million
Historical Data for: 2016 to 2019 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 6.3% 2026 Value Projection: USD 755 Million
Pages: 205 Tables, Charts & Figures: 218
Geographies covered (13): China, India, Japan, Australia, South Korea, Singapore, Malaysia, Vietnam, Thailand, Indonesia, Philippines, Taiwan , RO APAC
Segments covered: Product, Form, Application, End-use industry, Country
Companies covered (12): Unifrax, Morgan Advanced Materials, Isolite Insulating Products, IBIDEN Co., Nutec Fibratec, Shandong Luyang Share, Rath, Yeso Insulating Products Co. Lewco Specialty Products, PAR Group, NGP Industries Limited, Simond Fibertech Limited.
Growth Drivers:
  • Growing steel industry in the Asia Pacific region
  • Excellent thermal insulation properties of ceramic fibers
  • Rising ceramic fiber demand for alternative energy and other applications
Pitfalls & Challenges:
  • Stringent regulation pertaining to toxicity of materials
  • Availability of substitutes

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Excellent thermal insulation properties of the product will boost ceramic fiber consumption

Asia Pacific Ceramic Fiber Market by Product

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Refractory ceramic fiber segment is expected to grow steadily with a decent growth rate of over 6% during the forecast period. Asia Pacific ceramic fiber market segment is mainly attributed to increased demand for low-cost, high thermal stability, low heat storage, and light-weight ceramic fiber, which are majorly utilized in iron & steel, ceramics and power generation industries. RCFs are man-made vitreous fibers produced when raw materials such as aluminum oxide, silica, kaolin clay, and zirconia are processed together by the procedure of spinning or blowing into alumino-silicate fibers.
 

RCF applications are predominantly industrial, where it is utilized as a furnace lining in the petrochemical, steel, chemical, fertilizer, ceramic, foundry, and forging industries. It is also employed in automotive application, such as metal reinforcements, catalytic converters, heat shields, brake pads, etc. As a fire barrier in industrial process equipment, and aerospace heat shields.
 

Ceramic fiber blankets will accommodate the majority share among other forms

Asia Pacific Ceramic Fiber Market by Form

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Blanket segments accounted for a significant share of over 35% in 2019. They are strong, flexible and lightweight, intended for application as cost-effective back-up insulation for furnace linings, recommended for use up to 982°C (1800°F). Blankets possess high tensile strength and durability; they contain no binders and are completely inorganic. The segment holds the highest share of the Asia Pacific ceramic fiber market owing to its superior properties such as excellent handling strength, hot strength, low thermal conductivity, resiliency, thermal shock resistance, high heat reflectance, corrosion resistance, sound absorption and fire protection.
 

Ceramic fiber blankets are manufactured from spun ceramic fiber that exhibits superior handling strength in high temperature insulation applications. Typical applications involve kiln car insulation & seals, furnace door linings & seals, heat treating and annealing furnaces, reheat furnaces, soaking pit convers and seals, furnace hot face repairs, ladle covers, continuous and batch kilns etc.
 

Oil & gas industry will witness stable consumption in near future

Asia Pacific Ceramic Fiber Market by End User

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The oil & gas segment will account for more than 15% of the overall consumption in 2026. Growing refining capacity in the developing regions coupled with the increasing need for pipe insulation in the petrochemical refineries shall increase adoption of ceramic fiber products. Surging need to minimize operational costs and energy efficiency in furnace linings, roofs and walls is anticipated to propel the Asia Pacific ceramic fiber market demand.
 

Ceramic fiber products are majorly applicable in fluid catalytic cracking units, boilers, fired heaters etc. to offer effective solutions for energy requirements in the refining & petrochemicals. Thermal insulation products are extensively used in the oil & gas complexes for the conservation of energy and reduce harmful emissions. Moreover, the presence of stringent regulations for emission control is anticipated to further augment high temperature insulation demand in the Asia Pacific ceramic fiber market.
 

Increasing manufacturing activities will influence regional demand

Asia Pacific Ceramic Fiber Market by Country

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Asia Pacific ceramic fiber market trends will showcase considerable growth owing to positive outlook of several end-user industries such as iron & steel, power generation, ceramics, aluminum, among others across the region. Thailand ceramic fiber business generated over $28 million in 2019. Strong economic growth of several Asian countries such as Vietnam, Malaysia, Philippines, among others as compared with global economic outlook will further support market growth.
 

Favorable trade agreements along with availability of inexpensive labor force are attracting several end user industries towards these countries. Additionally, development of power sector in Australia to support increased power demand from domestic industrial user is further anticipated to drive the Asia Pacific ceramic fiber market expansion.
 

Technological advancements and Increased production capacities to emerge as prime business strategies

Key players operating in the Asia Pacific ceramic fiber market are increasingly investing in product innovation diversity in order to develop new and improved ceramic fiber products. Recently, In April 2020 Morgan Advanced Materials PLC. announced the inauguration of its innovation center in the Penn State University, U.S. This center is established to fund research and gain edge over competitors’ offerings.
 

Other key industry players in the Asia Pacific ceramic fiber industry ecosystem includes Unifrax, Isolite Insulating Products, IBIDEN Co., Nutec Fibratec, Shandong Luyang Share, Rath, Yeso Insulating Products Co. Lewco Specialty Products, PAR Group, NGP Industries Limited, Simond Fibertech Limited etc.
 

The Asia Pacific ceramic fiber market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Tons) and revenue in USD million from 2016 to 2026, for the following segments:
 

By Product

  • Refractory ceramic fiber (RCF)
  • Alkaline earth silicate (AES)
  • Others (Polycrystalline wool, low-bio persistent etc.)

By Form

  • Blanket
  • Module
  • Board
  • Paper
  • Others (shaped forms, ropes and braids, additives, chopped bulk etc.)

By Application

  • Expansion Joint fiber barriers
  • High temp. pipe, duct & tube insulation
  • Industry furnace base seal
  • Fire dampers
  • Others

By End-user

  • Oil & gas
  • Iron & steel
  • Power generation
  • Aluminum
  • Chemical processing industry
  • Ceramic industry
  • Others (appliances, automotive, glass, aerospace etc,)

The above information is provided on a country basis for the following:

By Country

  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Singapore
    • Malaysia
    • Vietnam
    • Thailand
    • Indonesia
    • Philippines
    • Taiwan
    • Rest of Asia Pacific
       

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights Inc., the APAC ceramic fiber business is supposed to attain $755 million by 2026.
Growing steel industry, excellent thermal insulation properties of ceramic fibers, and rising ceramic fiber demand for alternative energy are major factors expected to drive the growth of the APAC market.
Unifrax, Morgan Advanced Materials, Isolite Insulating Products, IBIDEN Co., Nutec Fibratec, Shandong Luyang Share, Rath, Yeso Insulating Products Co. Lewco Specialty Products, PAR Group, NGP Industries Limited, Simond Fibertech Limited are some of the top contributors in the industry.
The refractory ceramic fiber segment registered a highest market share in 2019 and is projected to record a remarkable growth rate throughout the forecast period.

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Premium Report Details

  • Published Date: May 2020
  • Pages: 205
  • Tables: 189
  • Charts / Figures: 29
  • Companies covered: 12
  • Countries covered: 13

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