Asia Pacific Ceramic Fiber Market 2021: Global Trends, Business Overview, Challenges, Opportunities Analysis and Forecast to 2026

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Asia Pacific Ceramic Fiber Market 2021 Growth
Factors, Technological Innovation and Emerging
Trends 2026
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Global Market Scenario of Asia Pacific Ceramic
Fiber Industry

• Asia Pacific ceramic fiber market will witness
  considerable expansion with consistent traction
  across the iron steel, power generation,
  aluminum, and chemical processing sector. There
  is an augmented requirement for insulating
  materials as they induce lowered power costs in
  these high-temperature applications. Severe
  emission standards and inclined environmental
  concerns across various countries are pushing
  these industries to limit their carbon footprint.
• Enhanced productivity, structural weights, and
  decreased fuel consumption are some of the other
  ceramic fiber properties. This, along with
  technological progressions will escalate the
  business share in the next few years. As per
  reports, the APAC ceramic fiber market size will
  reach an annual evaluation of more than USD 755
  million by 2026.
• This had led to an intense demand for ceramic
  fibers to ensure high thermal insulation
  properties. Ceramic fibers are lightweight as
  well as highly porous and exhibit superior
  insulation owing to which they are extensively
  preferred and consumed over insulators.
  Lightweight and low conductive ceramic fibers are
  found to bring down energy consumption by more
  than 20.

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Continue-

• The present COVID-19 outbreak has noticeably
  hampered the ceramic fiber supply chain with the
  regulation of lockdown across various countries,
  leading to hindered production activities across
  the APAC region. This can be further attributed
  to the stalled demand for oil gas caused by the
  price war between Russia Saudi and Arabia, along
  with the dearth of the workforce and limited fuel
  consumption in the course of the pandemic. The
  slowdown is now gradually losing momentum,
  indicating faster resumption of businesses.
• Ceramic fiber products can be classified into
  refractory ceramic fiber (RCF), and alkaline
  earth. The fibers are widely deployed in fire
  dampers, expansion joints, and laboratory
  furnaces to render exceptional insulating
  properties at high temperatures as well as render
  thermal insulation in thermal analysis devices.
  Polycrystalline wool generated from the sol-gel
  technique of the aqueous spinning solution works
  at temperatures above 1300 C as well as in
  critical chemical and physical environments.
• The RCF segment was responsible for a major share
  and is expected to amass significant gains
  through 2026. Alkaline earth silicate ceramic
  fibers will also see high potential in the APAC
  market as they possess enhanced insulation
  properties and are derived from a calcium
  magnesium silica composition.

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360 Industry Analysis

• Annual revenues from the ceramic fiber board in
  the APAC is anticipated to reach more than USD
  110 million in the coming years as they offer
  resistance against thermal shock, chemical
  attacks, oxidation, and reduction. The boards are
  easy to generate a wet forming process using
  alumina-silica fibers and binders. They do not
  contain asbestos or binders and avoid the need
  for curing on dry out time intervals. This
  ceramic fiber showcases high-temperature
  stability, low thermal conductivity, high tensile
  strength, sound absorption, easy installation
  process, and consistent density across
  diversified applications.
• The iron steel sector is a major consumer of
  ceramic fibers in the Asia Pacific region as the
  metals depend on efficient thermal insulation
  materials to save energy in induction furnaces,
  electric arc furnaces, forging furnaces, kilns,
  heat treatment furnaces, pipes, and converters.
  This end-user market is likely to capture 23 of
  the regional share through 2026.
•  

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• Competitive Analysis
• Unifrax, Nutec Fibratec, Lewco Specialty
  Products, Simond Fibertech Limited, Shandong
  Luyang Share, Yeso Insulating Products Co., PAR
  Group, Isolite Insulating Products, Rath, NGP
  Industries Limited, and Ibiden, Co are some of
  the key players operating in the Asia Pacific
  Ceramic Fiber Market.

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