Ceramic Paper Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3554
Global ceramic paper market is projected to gain remarkable traction over 2021-2027, due to the rising adoption of ceramic fibers as a lightweight insulating product with low thermal mass and conductivity. Likewise, other usage benefits of ceramic fiber papers, including low elongation and retraction rate, high dielectric strength, and excellent chemical resistance will also drive market expansion in the years ahead. Ceramic fiber paper refers to a man-made, synthetic fiber developed from the small-dimension filament and is composed of high-purity aluminosilicate materials. This fiber is also known as refractory material or ceramic wool, owing to its heat-resistance and odorless properties, and is used extensively in myriad end-use industries such as textile.
Escalating production of ceramic fibers to offer efficient filtration, thermal management, and fire protection solutions in the petrochemical sector will foster the global ceramic paper market trends. Unifrax’s Fiberfrax ceramic fiber products, for example, have been developed to reduce energy consumption and ensure significant cost savings for partners in the petrochemical industry. Moreover, the growing usage of ceramic fiber paper to meet the toughest thermal, electrical, and mechanical requirements of aircrafts will also boost the industry growth over the years ahead.
On the basis of application, the global ceramic paper market from the high-temperature filtration segment will account for a considerable share by 2027. This can be credited to the increasing use of ceramics in exhaust systems as filters to efficiently purify emissions. Apart from their capability to filter diesel particles, they are extremely durable and easy to mass-produce, which will further push the industry expansion from the segment over the estimated timeline.
Regionally, North America is projected to emerge as a lucrative revenue pocket for the ceramic paper industry by 2027. This is a result of the notable expansion of aircraft fleets by major airlines in the region. For example, in June 2021, United Airlines added 270 new Airbus and Boeing aircraft to transform customer experience and increase the number of available seats for domestic departure. In addition, surging auto vehicle production in the U.S. will further proliferate the demand for ceramic fiber insulation materials in the North American region.
Key players in the ceramic paper market include Millenium Multi Trade Pvt. Ltd., Imperial World Trade, Galaxy Enterprise, Shree Ceramic Fibers Pvt. Ltd., Shadong Luyang Share Co., Ltd., Vitcas Ltd., Yeso Insulating Products, Ltd., Isolite Insulating Products Co., Ltd. (Shinagawa Refractories Co., Ltd.), Nutec Inc., Rath Inc., Morgan Thermal Ceramics, and Unifrax, among others. These market players are focusing on various strategies including mergers and acquisitions and new product launches to solidify their presence across the global market.
Decline in Petrochemicals Demand During COVID-19 May Affect Ceramic Paper Market Trends:
In light of the coronavirus pandemic, several sectors of the economy have been severely impacted by the business closure and movement restrictions to limit virus transmission. The petrochemical industry, for example, which is associated with macro-economic growth in Asia, has been influenced greatly by the ongoing economic uncertainty due to COVID-19. Given the significance of the industry as an end-use sector for ceramic fiber paper, the fall in petrochemicals demand during the pandemic may Impede ceramic paper market growth to a certain extent.
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