Market Survey on Asia Pacific Ceramic Fiber Market Covering Sales Outlook, Up-to-date Key Trends, Market Size and Forecast, Production Capacity, Export and Import Analysis, Regulations, Trade Analysis and Company Analysis
An In-depth Market Insights of Asia Pacific Ceramic Fiber Market including Refractory Ceramic Fiber (RCF) and Alkaline Earth Silicate (AES) Covering Countries like China, Japan, Korea, India, ASEAN, Australia, New Zealand, and Rest of APAC
Asia Pacific Ceramic Fiber Market Outlook (2023 to 2033)
The global Asia Pacific Ceramic Fiber market is anticipated to hold a market value of US$ 972 Million in 2023 and US$ 2098.48 Million by 2033. The projected growth rate is nearly 8% during the forecast period from 2023 to 2033.
The market is anticipated to be driven by the growing demand from the power industry, and the growing use of the high-temperature industrial furnace. Moreover, the government's strict standards and policies driving focus on a sustainable future have resulted in the widespread use of and demand for Ceramic Fibers in Asia Pacific.
Rising awareness regarding various characteristics of Ceramic Fiber such as durability, flexibility, toughness, and abrasion resistance is expected to boost the consumption of ceramic fiber in Asia Pacific. Furthermore, increasing awareness of fire and heat-resistant materials is likely to act as an opportunity during the forecast period.
Report Attributes
Details
Estimated Market Value in 2023
USD 972 Million
Estimated Market Value in 2033
USD 2098.48 Million
Projected CAGR from 2023 to 2033
8%
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Revenue Analysis of Asia Pacific Ceramic Fiber Market 2018 to 2022 vs. Future Outlook 2023 to 2033
The global Asia Pacific Ceramic Fiber market garnered US$ 900 Million in 2022, expanding at a historical CAGR of 6%. The COVID-19 pandemic had a negative impact on the market for Asia Pacific Ceramic Fiber. The pandemic led to the sealing of national borders and the temporary shutdown of industries and markets in 2020. There was a huge decline in demand, which turned out to be positive for this industry.
The disruption in global supply chains negatively impacted the sales of ceramic fiber products, transportation, and supply of raw materials. In addition to this, stringent restrictions in place have significantly affected the sales of ceramic fibers. Coupled with this, disruptions in the supply of non-essential commodities also stunted market sales, restricting demand temporarily. However, Asia Pacific Ceramic Fiber witnessed a recovery in demand in 2022, and the market is expected to witness significant growth over the forecast period.
The estimation reveals that the ceramic industry is projected to secure a market value of US$ 2098.48 Million by 2033.
What are the factors boosting the Global Asia Pacific Ceramic Fiber Market?
Growing Technological Advancements and Financial Investments to Aid Market Growth
The ongoing Research and Development and technological developments in the field of Ceramic Fibers and the widespread adoption across various sectors are expected to drive the Asia Pacific market in the coming future. Excellent thermal properties of ceramic fiber-based products are another factor fueling market expansion. The substantial spending on Research & Development programs to enhance the conductivity of products is further propelling the demand for ceramic fibers.
For instance, in January 2018, Nutec Inc, launched NuPly high-temperature thermal insulation paper products. These products are manufactured with the usage of the company's High Index (HI) fiberization technology, thereby eliminating the costly procedure of pre-washing the fiber.
Ceramic fibers are utilized in many different commercial products such as aircraft engine components (turbine combustors, compressors, and exhaust nozzles), automotive and gas turbine elements, aerospace missiles, heat exchangers, hot gas filters, rocket nozzles, gasket, and wrapping insulations.
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What are the Possible Challenges of the Market?
High Manufacturing Costs of Ceramic Fibers Hindering Growth
High costs associated with the manufacturing of ceramic fibers can impede market growth in the near future. The high production costs of ceramic fiber products discourage sales. This factor will restrain the growth of the market to a considerable extent. In addition to this, the limited availability of ceramic fibers will affect the growth of the ceramic fiber market.
The fluctuating prices of raw material is also a major factor restraining market growth. The raw materials used in the alumina, silica, and other metal oxides or non-oxide materials, such as silicon carbide. The prices of these raw materials depend on their availability in a specific region. For instance, in China, aluminum prices are high as the country has announced long-term coal contracts, which is hindering alumina prices as well. Nonetheless, rising investment in Research & Development programs to launch innovative ceramic fiber-based products is likely to aid the industry in overcoming the issue.
Category-Wise Insights
Which Product Segment is Boosting the Growth of the Market?
Significant utilization for furnace lining to push market growth
In terms of product, the Asia Pacific ceramic fiber market is classified into alkaline earth silicate, refractory ceramic fiber, and others. The refractory ceramic fiber (RF) segment is poised to surpass USD 900 million in revenue by 2033. The widespread usage of CF for furnace lining in varied sectors, such as chemical, fertilizer, petrochemical, steel, glass, ceramic, cement, foundry, and forging is driving the segment.
By Temperature, Which Segment is Propelling the Market Growth?
100 Ceramic Fibers Segment Leads the Category Owing to Increased Adoption in Aerospace Industry
Based on temperature rating, the Asia Pacific ceramic fiber market is categorized into up to 1000, 1001 to 1200, 1201 to 1400, and over 1400. The industry share from the up to 1000 segment is estimated to grow at more than 6% CAGR over 2023-2033. The surging application of up to 1,000 ceramic fibers in the aerospace and steel & iron industries is foreseen to facilitate segment development in the future.
By Application, Which Segment is Propelling the Market Growth?
Industry Furnace Base Seal Segment Leads the Category Owing to Increased Adoption in the Iron & Steel Industry
In terms of application, the Asia Pacific ceramic fiber market is segregated into fire dampers/ceiling diffusers, industry furnace base seals, expansion joint fiber barriers, high temp pipe, duct & tube insulation, high-temperature gaskets & packing, and others. The industry furnace base seal segment is anticipated to surpass USD 450 million by 2033. The soaring demand for industrial furnaces from several end-user industries, including iron & steel, aluminum, and so on, is set to drive the growth of the industrial furnace base seal application segment.
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Competitive Landscape
The players in the market are focusing to increase their global influence and adopt strategies such as; acquisition, collaboration, and partnerships. Key players in the market include Morgan Advanced Materials PLC., Ibiden Co. Ltd., Rath Inc., Unifrax I LLC., and Luyang Energy-saving Materials Co., Ltd.
Asia Pacific Ceramic Fiber Market- Report Scope
Report Attributes
Details
Forecast Period
2023 to 2033
Historical Data
2018 to 2022
Key Regions Covered
North America
Latin America
Europe
Asia Pacific
Middle East and Africa(MEA)
Key Countries Covered
India
Malaysia
Singapore
Thailand
China
Japan
Rest of Asia Pacific
Key Segments Covered
Product
Form
Temperature
Application
Region
Key Players
Morgan Advanced Materials PLC., Ibiden Co. Ltd., Rath Inc., Unifrax I LLC., and Luyang Energy-saving Materials Co., Ltd
Pricing
Available upon Request
Key Market Segments Covered in the Global Asia Pacific Ceramic Fiber Market
By Product:
Refractory Ceramic Fiber (RCF)
Alkaline Earth Silicate (AES)
Others (PCW)
By Form:
Blanket
Module
Board
Paper
Others
By Temperature:
Up to 1000
1001 to 1200
1201 to 1400
Over 1400
By Application:
Expansion Joint fiber barriers
High temp. pipe, duct & tube insulation
Industry furnace base seal
Fire dampers/celling diffusers
High-temperature gasketing & packing
Others
Frequently Asked Questions
Which region will Account for a Major Share in the Asia Pacific Ceramic Fiber market?
China will account for a major share of global Asia Pacific Ceramic Fiber demand.
What is the predicted value CAGR for the market from 2023 to 2033?
From 2023 to 2033, the market is projected to expand at an 8% value CAGR, as per FMI.
What is the projected market value for Asia Pacific Ceramic Fiber in 2033?
By 2033, Asia Pacific Ceramic Fiber market demand is expected to reach US$ 2098.48 Million.
What is the anticipated market value for Asia Pacific Ceramic Fiber in 2023?
By 2023, demand for Asia Pacific Ceramic Fiber is forecast to be valued at US$ 972 Million.
What was the market worth for Asia Pacific Ceramic Fiber in 2022?
As of 2022, the market for Asia Pacific Ceramic Fiber was valued at US$ 900 Million.
Table of Content
1. Executive Summary | Asia Pacific Ceramic Fiber Market
1.1. Asia Pacific Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Refractory Ceramic Fiber
5.3.2. Alkaline Earth Silicate
5.3.3. Other Products
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2023 to 2033
6.3.1. Blanket
6.3.2. Module
6.3.3. Board
6.3.4. Paper
6.3.5. Other Forms
6.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
7.3.1. Expansion Join Fiber Barriers
7.3.2. High Temp. Pipe, Duct & Tube Insulation
7.3.3. Industry Furnace Base Seal
7.3.4. Fire Dampers Ceiling Diffusers
7.3.5. High Temperature Gasketing & Packaging
7.3.6. Other Applications
7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
8.3.1. Asia Pacific
8.4. Market Attractiveness Analysis By Region
9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. India
9.2.1.2. Malaysia
9.2.1.3. Singapore
9.2.1.4. Thailand
9.2.1.5. China
9.2.1.6. Japan
9.2.1.7. Rest of Asia Pacific
9.2.2. By Product
9.2.3. By Form
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By Form
9.3.4. By Application
9.4. Key Takeaways
10. Key Countries Market Analysis
10.1. India
10.1.1. Pricing Analysis
10.1.2. Market Share Analysis, 2022
10.1.2.1. By Product
10.1.2.2. By Form
10.1.2.3. By Application
10.2. Malaysia
10.2.1. Pricing Analysis
10.2.2. Market Share Analysis, 2022
10.2.2.1. By Product
10.2.2.2. By Form
10.2.2.3. By Application
10.3. Singapore
10.3.1. Pricing Analysis
10.3.2. Market Share Analysis, 2022
10.3.2.1. By Product
10.3.2.2. By Form
10.3.2.3. By Application
10.4. Thailand
10.4.1. Pricing Analysis
10.4.2. Market Share Analysis, 2022
10.4.2.1. By Product
10.4.2.2. By Form
10.4.2.3. By Application
10.5. China
10.5.1. Pricing Analysis
10.5.2. Market Share Analysis, 2022
10.5.2.1. By Product
10.5.2.2. By Form
10.5.2.3. By Application
10.6. Japan
10.6.1. Pricing Analysis
10.6.2. Market Share Analysis, 2022
10.6.2.1. By Product
10.6.2.2. By Form
10.6.2.3. By Application
11. Market Structure Analysis
11.1. Competition Dashboard
11.2. Competition Benchmarking
11.3. Market Share Analysis of Top Players
11.3.1. By Regional
11.3.2. By Product
11.3.3. By Form
11.3.4. By Application
12. Competition Analysis
12.1. Competition Deep Dive
12.1.1. Morgan Advanced Materials PLC.
12.1.1.1. Overview
12.1.1.2. Product Portfolio
12.1.1.3. Profitability by Market Segments
12.1.1.4. Sales Footprint
12.1.1.5. Strategy Overview
12.1.1.5.1. Marketing Strategy
12.1.1.5.2. Product Strategy
12.1.1.5.3. Channel Strategy
12.1.2. IBIDEN
12.1.2.1. Overview
12.1.2.2. Product Portfolio
12.1.2.3. Profitability by Market Segments
12.1.2.4. Sales Footprint
12.1.2.5. Strategy Overview
12.1.2.5.1. Marketing Strategy
12.1.2.5.2. Product Strategy
12.1.2.5.3. Channel Strategy
12.1.3. Rath Inc.
12.1.3.1. Overview
12.1.3.2. Product Portfolio
12.1.3.3. Profitability by Market Segments
12.1.3.4. Sales Footprint
12.1.3.5. Strategy Overview
12.1.3.5.1. Marketing Strategy
12.1.3.5.2. Product Strategy
12.1.3.5.3. Channel Strategy
12.1.4. Luyang Energy-saving Materials Co., Ltd.
12.1.4.1. Overview
12.1.4.2. Product Portfolio
12.1.4.3. Profitability by Market Segments
12.1.4.4. Sales Footprint
12.1.4.5. Strategy Overview
12.1.4.5.1. Marketing Strategy
12.1.4.5.2. Product Strategy
12.1.4.5.3. Channel Strategy
12.1.5. Asia Pacific Fibers Tbk.
12.1.5.1. Overview
12.1.5.2. Product Portfolio
12.1.5.3. Profitability by Market Segments
12.1.5.4. Sales Footprint
12.1.5.5. Strategy Overview
12.1.5.5.1. Marketing Strategy
12.1.5.5.2. Product Strategy
12.1.5.5.3. Channel Strategy
12.1.6. Pt. Maeda International
12.1.6.1. Overview
12.1.6.2. Product Portfolio
12.1.6.3. Profitability by Market Segments
12.1.6.4. Sales Footprint
12.1.6.5. Strategy Overview
12.1.6.5.1. Marketing Strategy
12.1.6.5.2. Product Strategy
12.1.6.5.3. Channel Strategy
12.1.7. Unifrax
12.1.7.1. Overview
12.1.7.2. Product Portfolio
12.1.7.3. Profitability by Market Segments
12.1.7.4. Sales Footprint
12.1.7.5. Strategy Overview
12.1.7.5.1. Marketing Strategy
12.1.7.5.2. Product Strategy
12.1.7.5.3. Channel Strategy
12.1.8. Nutec Fibratec
12.1.8.1. Overview
12.1.8.2. Product Portfolio
12.1.8.3. Profitability by Market Segments
12.1.8.4. Sales Footprint
12.1.8.5. Strategy Overview
12.1.8.5.1. Marketing Strategy
12.1.8.5.2. Product Strategy
12.1.8.5.3. Channel Strategy
12.1.9. Rath Group
12.1.9.1. Overview
12.1.9.2. Product Portfolio
12.1.9.3. Profitability by Market Segments
12.1.9.4. Sales Footprint
12.1.9.5. Strategy Overview
12.1.9.5.1. Marketing Strategy
12.1.9.5.2. Product Strategy
12.1.9.5.3. Channel Strategy
12.1.10. Double Egret Thermal Insulation Co., Ltd.
12.1.10.1. Overview
12.1.10.2. Product Portfolio
12.1.10.3. Profitability by Market Segments
12.1.10.4. Sales Footprint
12.1.10.5. Strategy Overview
12.1.10.5.1. Marketing Strategy
12.1.10.5.2. Product Strategy
12.1.10.5.3. Channel Strategy
13. Assumptions & Acronyms Used14. Research Methodology
List of Tables
Table 1: Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Market Volume (Tons) Forecast by Region, 2018 to 2033
Table 3: Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 4: Market Volume (Tons) Forecast by Product, 2018 to 2033
Table 5: Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 6: Market Volume (Tons) Forecast by Form, 2018 to 2033
Table 7: Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 8: Market Volume (Tons) Forecast by Application, 2018 to 2033
List of Charts
Figure 1: Market Value (US$ Million) by Product, 2023 to 2033
Figure 2: Market Value (US$ Million) by Form, 2023 to 2033
Figure 3: Market Value (US$ Million) by Application, 2023 to 2033
Figure 4: Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Market Volume (Tons) Analysis by Region, 2018 to 2033
Figure 7: Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 10: Market Volume (Tons) Analysis by Product, 2018 to 2033
Figure 11: Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 12: Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 13: Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 14: Market Volume (Tons) Analysis by Form, 2018 to 2033
Figure 15: Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 16: Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 17: Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 18: Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 19: Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 20: Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 21: Market Attractiveness by Product, 2023 to 2033
Figure 22: Market Attractiveness by Form, 2023 to 2033
Figure 23: Market Attractiveness by Application, 2023 to 2033
Figure 24: Market Attractiveness by Region, 2023 to 2033
Figure 25: Market Value (US$ Million) by Product, 2023 to 2033
Figure 26: Market Value (US$ Million) by Form, 2023 to 2033
Figure 27: Market Value (US$ Million) by Application, 2023 to 2033
Figure 28: Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 31: Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 34: Market Volume (Tons) Analysis by Product, 2018 to 2033
Figure 35: Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 36: Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 37: Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 38: Market Volume (Tons) Analysis by Form, 2018 to 2033
Figure 39: Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 40: Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 41: Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 42: Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 43: Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 44: Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 45: Market Attractiveness by Product, 2023 to 2033
Figure 46: Market Attractiveness by Form, 2023 to 2033
Figure 47: Market Attractiveness by Application, 2023 to 2033
Figure 48: Market Attractiveness by Country, 2023 to 2033
