Ceramic Textile Market to experience an impressive growth of 11.2% during 2020-2025
January 30, 2020
Ceramic Textile Market is likely to witness an impressive CAGR of 11.2% during the forecast period. The factors driving the growth of the global ceramic textile market are their properties to contaminate heat in high-temperature applications along with the high number of emerging application industries, such as aerospace and alternate energy.
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Ceramic Textile Market Segment Insights:
By FiberType:
Based on the fiber type, the market is segmented as vitreous alumina-silica ceramic fiber and polycrystalline ceramic fiber. Refractory ceramic fiber (RCF) is estimated to be the largest segment of the ceramic textile market. It is lightweight and owns low thermal conductivities, excellent resistance to thermal shock, remarkable electrical resistivity, excellent insulating properties, superior corrosion resistance, and good acoustical properties, which are the factors contributing to the growth of the segment during the forecast period.
By Form Type:
Based on the form type, the market is segmented as cloth, ropes, tapes, sleeving, braids, and others. Ceramic cloth owns the largest share of the market in the form segment of ceramic textiles. Remarkable properties of ceramic cloth, such as insulation, good performance at low temperatures, and heat insulation immensely contribute to its large market size. It enjoys an extensive usage in various applications, such as welding foundry works, aluminum and steel mills, boiler insulation and seal, shipyards, refineries, power plants, and chemical plants. Braids are estimated to be the fastest-growing segment of the market in the coming five years. The growth of this segment is likely to be driven by the characteristics of braids, such as maximum resistance to mechanical abuse, superior strength, minimal unraveling.
By End-Use Industry Type:
Based on the end-use industry type, the market is segmented as industrial and transportation. The market is dominated by the industrial end-use industry segment. It is also estimated to register a higher growth during the forecast period, owing to the flourishing petrochemical, steel, and aluminum end-use industries in the global market. Further, high demand for end products from industries, such as iron & steel, aluminum, petrochemicals, and others are likely to drive the production of ceramic fibers in the coming five years.
By Region:
In terms of regions, Asia-Pacific is the largest and fastest-growing market for ceramic textiles. Factors driving the growth of the Asia-Pacific region are infrastructural growth and increasing industrialization. The presence of most of the emerging economies in this region, further serves as a catalyst for the region’s growth. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the major players in the ceramic textile market are Ibiden Co. Ltd., Isolite Insulating Products Co. Ltd., The 3M Company, Rath Inc., Rauschert Steinbach GmbH, Luyang Energy-Saving Materials Co. Ltd., Mineral Seal Corporation, Morgan Advanced Materials Corporation, Kyocera Corporation, and Unifrax Corporation.
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- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
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- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
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- Key success factors
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