Market Highlights
The Global Ceramic Fiber Paper Market is
estimated to be valued at USD 803.0 Million by the end of
2026 and record a CAGR of 8.28% during the forecast
period. The use of ceramic fiber paper for insulation purposes has become very
popular nowadays due to its low thermal conductivity. The increasing
infrastructure development and renovation activities across the world are
significantly contributing to the growth of the global market.
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Segmental Analysis
According to MRFR analysis, the global Ceramic Fiber Paper
Market has been segmented based on thickness type, application, and
region.
By thickness type, the global Ceramic Fiber Paper Market has
been categorized into 1mm, 2mm, 3mm, and others. Among them, the 3mm
segment held the largest market share of over 25% in 2018 due to its widespread
application in high thermal packaging and sealing, insulating hot automotive
parts, and packaging of gas burners on account of its thickness.
By application, the global Ceramic Fiber Paper Market has been
segmented into construction, aerospace, petrochemical, automotive,
and others. Among these, the construction segment was the largest segment in
2018 due to the high demand for ceramic fiber paper as an insulation material
to conserve the indoor building energy and comply with the regulatory
standards. The segment is projected to register a CAGR of around 9% during the
forecast period.
Regional Analysis
Geographically, the global Ceramic
Fiber Paper Market has been divided into Asia-Pacific, Europe, North
America, Latin America, and the Middle East & Africa. As per MRFR analysis,
the Asia Pacific market was the dominant regional market, accounting for the
largest share of around 38% in 2018 and is expected to register the highest
CAGR during the forecast period. Asia-Pacific is followed by North America,
which accounted for the second-largest share of the global Ceramic Fiber
Paper Market in 2018. Europe followed North America, in terms of market size in
2018. The Middle East & Africa and Latin America held small shares of the
global market.
Market Players
Market Research Future (MRFR) recognizes the following
companies as the key players in the global Ceramic Fiber Paper Market: Morgan
Advanced Materials (UK), Rath-Group (Austria), Unifrax I LLC (US), Lydall, Inc
(US), Thermostat Thermotech Co., Ltd (China), Great Lakes Textiles (US), Ibiden
Co. Ltd (Japan), Yeso Insulating Products Company Limited (China), Grupo Nutec,
SA (Mexico), and KT Refractories US Company (US).
Key Findings of the Study:
- The Global
Ceramic Fiber Paper Market is projected to register a CAGR
of 8.28% to reach USD 803.0 million by the end of 2026.
- On the
basis of thickness type, the 3mm segment was valued at USD 117.3 million
in 2018 and is expected to register a CAGR of over 7.5% during
the forecast period.
- Based
on application, the construction segment is expected to reach USD
275.2 million by the end of 2026.
- Asia-Pacific
accounted for the largest market share of over 38% in 2018. The regional
market was valued at USD 162 million in 2018 and is expected to exhibit a
CAGR of over 9% during the forecast period.
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