Ceramic fiber is composed of long flexible, interwoven fibers that are manufactured by the process known as ‘spun’ which yields a lightweight, strong, and durable product. This fiber is also known as high-temperature insulation wool (HTIW). These fibers are made of aluminosilicate materials that are controlled with the help of the high-temperature furnace melting and fiberizing process. The global ceramic fiber market is to progress at a considerable rate during the forecast period, owing to the increasing demand for technologically advanced, lightweight, less toxic, and renewable products in the market.

On the basis of type, the ceramic fiber market is segmented into refractory ceramic fiber (RCF), AES Wool, and others. Among these, the RCF type category holds a larger share in the market, due to the increasing demand for low-cost, low heat storage, high thermal stability fiber. However, the AES wool type category is anticipated to register the highest growth in the market during the forecast period, which is attributed to its properties including low bio-persistence and better characteristics.

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High cost of production and limited availability are identified as major challenges in the ceramic fiber market, which can potentially hinder market growth. The fixed capital cost of manufacturing this fiber is high and cycle time is slow. Costs can fluctuate on how much is being produced per unit of time. The price can be lowered by producing the fiber with much less capital requirement at low sales volume. All these factors are posing a challenge in market growth.

The manufacturing of these fibers includes three steps including preparation of bulk, preceramic material to spun; and then spinning the bulk material into a green fiber; and finally heat-treating the spun green fiber to convert this into the ceramic fiber. The most effective way to lower down the costs of these fibers is to increase the production volume, as all other efforts to reduce fiber cost will have very little impact as compared to increased production volume.

Asia-Pacific is anticipated to witness the highest growth in the ceramic fiber market, owing to the growth of various industries such as automotive, construction, manufacturing, and other industries. Along with that, the growing investment in research and development to encourage the use of less-toxic products in the region are also contributed towards the increasing demand for the product in the region.

Some of the major players operating in the ceramic fiber industry are Unifrax I LLC, Luyang Energy-Saving Materials Co., Ltd., Morgan Advanced Materials Plc, Ibiden Co., Ltd., Fibrecast Inc., Yeso Insulating Products Co. Ltd., Nutec Fibratec, Isolite Insulating Products Co. Ltd., Ceramsource, Inc., Pyrotek Inc., and ADL Insulflex Inc.

Source: VynZ Research