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Global Refractory Ceramic Fiber (RCF) Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2029. The market growth is supported by various growth factors and major market determinants. The market research report includes the analysis of the market based on geographical segmentation and market segmentation. The Global Refractory Ceramic Fiber (RCF) Market report is a valuable source of insightful statistics for business strategists. This Report offers an industry overview with historic and future cost and growth analysis, revenue, demand, and supply data. Our analyst offers a comprehensive overview of the value chain and analysis of your distributor. This market study provides comprehensive data that enhances the understanding, scope, and application of this report.
Data Bridge Market Research analyses that refractory ceramic fiber (RCF) market was valued at USD 1600 million in 2021 and is expected to reach the value of USD 3961.54 million by 2029, at a CAGR of 12.00% during the forecast period of 2022-2029.
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Top Key Players in the Global Refractory Ceramic Fiber (RCF) Market: Kyocera Corporation (Japan), CeramTec GmbH (Germany), Coors Tek Inc. (U.S.), Saint-Gobain Ceramic Materials (U.S.), Morgan Advanced Materials Plc (U.K.), McDanel Advanced Ceramic Technologies (U.S.), Ceradyne, Inc. (U.S.), Rauschert Steinbach GmbH (Germany), Murata Manufacturing Co., Ltd. (Japan), Mantec Technical Ceramics Ltd. (U.K.), ENrG Inc. (U.S.), Maruwa Co.Ltd. (Japan), Central Electronics Limited (India), P.I. Ceramics (Germany), Sensor Technology Ltd (U.K.), Sparkler Ceramics Pvt. Ltd. (India), APC International Ltd. (U.S.) and Other.
Global Refractory Ceramic Fiber (RCF) Market Segmentation:
Product form
End user
Regional Insights:
Asia-Pacific dominates the ceramic fibre market because of the increased demand for renewable products. Furthermore, increasing infrastructure development and environmental protection efforts will drive the region’s ceramic fibre market growth during the forecast period.
North America is expected to see significant growth in the ceramic fibre market because of the increase in shale exploration activities. Furthermore, the growing demand for ceramic fibre from iron and steel and petrochemical companies is expected to drive the region’s ceramic fibre market growth in the coming years.
-North America (U.S., Canada)
-Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
-Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
-South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
-Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
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Drivers
The global refractory ceramic fiber (RCF) market is primarily driven by high demand from end-use industries such as iron and steel, refining and petrochemical, power generation, chemical, transportation, and others. Ceramic properties are in high demand due to their superior properties such as lightweight, thermal stability, excellent thermal insulating performance, high thermal shock resistance, and low thermal conductivity. It also has low heat storage, excellent sound absorption, high corrosion resistance, chemical resistance, and chemical stability in addition to these properties. One of the major drivers of the global refractory ceramic fiber (RCF) is the high demand for ceramic fibre in the refining and petrochemical industries.
Petrochemicals are essential for the production of paints, rubbers, plastics, textiles, solvents, detergents, dyes, and other synthetic materials, which drive the global market. Ceramic fibre is widely used in the petrochemical industry for boilers and heating centres, catalyst bases and filter parts used in purifying hot gases, boiler header insulation, high-temperature filtration of gases and liquids, reactors and cat crackers, and burner insulation. Another major factor positively influencing market growth is the rising demand for stainless steel as the aviation and rail sectors expand.
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