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Ceramic Textiles Market size is estimated to grow with a lucrative CAGR from 2023 to 2032 due to the ongoing advancements across the aerospace sector and the incessant requirement for alternative energy sources.
Produced from alumina-silica, ceramic textile products, such as ceramic fiber cloth, sleeving, and tape, among others are strong and flexible, devoid of crystalline silica and asbestos. They are largely used in gaskets, pipe wrapping, seals, furnace, and welding curtains. The rapidly expanding construction sector along with the limitations of monolithic ceramics to deliver excellent damage tolerance have led to the rising demand for ceramic textiles. The growing usage of flame and heat shielding materials in civilian and military applications will further drive ceramic textiles market development.
Based on fiber type, the ceramic textiles industry share from the refractory ceramic fiber (RCF) segment is expected to witness significant traction through 2032. The expansion of the industrial sector worldwide has prompted the higher adoption of lightweight and versatile materials, mainly in high-temperature applications, including power generation, heat treating, glass, and domestic appliances. RCFs offer superior resistance, excellent insulation, and minimum thermal conductivity as well as heat loss. Increasing adoption for commercial purposes, including fire protection, furnace and kiln insulation as well as automotive exhaust systems to withstand high temperatures will also favor the segment growth.
On the basis of form, the ceramic textiles market size from the ceramic cloth segment will gain due to the rising number of power plants worldwide. Ceramic cloth, owing to its superior chemical and mechanical resistance, as well as strong heat insulation is increasingly utilized in welding curtains and exhaust hood curtains. Growing adoption in welding foundry works, power and chemical plants, shipyards, and refineries will also fuel the product demand.
In terms of end-use, the industrial sector will record significant market share through 2032. The growth can be attributed to the rising consumption of petrochemicals across the globe. According to the IEA (International Energy Agency), petrochemical feedstock holds nearly 12% of the global oil demand. The surging adoption of ceramic textiles in the aluminum as well as iron & steel industries will also influence the segment growth.
Asia Pacific ceramic textiles market is poised to attain substantial traction between 2023 and 2032 on account of the rapidly rising episodes of infrastructural developments. The growing demand for defense aircraft in the region can be attributed to the burgeoning government spending. The fast-growing electronic sector, robust industrialization, and the growing number of large transportation projects are other factors driving the industry expansion.
Industry participants companies are focusing on novel product launches for widening their global presence. Leading ceramic textiles market participants include 3M, Unifrax, Morgan Advanced Materials, Newtex Industries, Inc., Mineral Seal Corporation, Rauschert GmbH, Mid-Mountain Materials, Inc., TransCreek, Ibiden, Luyang Energy-Saving Materials Company Limited, and Tecnofilati S.r.l.
They are also actively turning to several other business strategies and growth initiatives for strengthening their competitive value. To illustrate, in May 2021, Acota was selected as the Authorised Distributor for 3M’s Nextel ceramic textiles and fibers in North Europe for consolidating the latter’s offerings for delivering specialty materials to manufacturers and industries.
The onset of the Russia-Ukraine war is forecast to negatively impact the demand and supply of ceramic textiles due to the hampered manufacturing industry exports, mainly for industries, such as ceramics, chemicals, and textiles. The consequent economic slowdown, rising interest rates in Europe as well as the U.S., and the sharp spike in energy prices are other factors limiting the product penetration to some extent.