Refractory Fibers Market Size, Statistics, Trend Analysis and Forecast Report, 2020 - 2027

Refractory Fibers Market is segmented by Type (Fiber Blanket, Fiber Board, Fiber Cotton), and by Application (Aerospace and Defense Industry, Chemical Industry, Steel Industry, Electrical Appliances, Others), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)

  • Report ID : MD2080
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  • Pages : 220
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  • Tables : 85
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  • Formats :

Refractory Fibers Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.

Refractory Fibers Market Growth and Trends

The Refractories market size is anticipated to grow at a Compound annual growth rate of 3.4% during the forecast period. The market was approximately USD 23.2 billion in 2020 and is expected to reach USD 27.4 billion by 2025.

Several factors driving the steady growth of the market includes:

• The escalating demand from the steel and iron industry that takes the market’s growth forwards towards the future in the industry sectors
• The utilization of refractories in the construction and mining industries that levels up the market’s growth
• The rising significant demand for materials that are heat-resistant in construction and appliances that require efficiency to function that boosts the market’s growth
• Increasing gold-mining opportunities in the global mining high-end factories that causes a vital rise in the refractory fibers market
• Increasing applications that can withstand high temperature levels while utilizing the available resources allocated by the market’s suppliers
• Vital abilities by refractory fibers to perform tasks with relevance with implementation of resistance to any chemical attacks elevating the market during its forecast period
• Abundant availability across the globe for all end-users and factories to gain the flexible experience of utilizing these refractory fibers that rises the demand, thus the economic growth rate rising as anticipated within the forecast period. This also brings up a rise in the total number of investments made on the market by investors from all regions who seek to utilize the market’s products in diversity which creates a huge promotion in the market’s growth
• The ease of utilization because these fibers are light in weight and does no need firm monitoring when carrying out the respective tasks efficiently that widely contributes towards the market’s benefit
• Diverse applicable uses of refractory fibers in the chemical engineering sector which reaps a positive outlook on the market’s demand by the consumers and vendors by the escalating supplying. This surges a precedented rise in the market’s economic growth rate creating ample other opportunities for the market’s key players to increase its functional operations as well
• The ability to act as thermal insulators for metal appliances thus, reducing the amount of heat and energy lost thus providing maximum safety for end-users alongside, the prevention of corrosion-based risks which in turn rises the necessity for some fibers in the market ensuring both efficiency and effectiveness within the forecast horizon
• The rapidly rising rate of industrialization and urbanization in the market thus, rising the construction strategies of highly commercial buildings thus, causing a rapid rise in the need for refractory fibers in large bulks which urges its fast manufacturing in the market

The major challenges faced by this market includes:
• The expenses that these fibers take up. Highly expensive in nature alongside installation and maintenance cost inclusive which makes it difficult for most consumers of less modernized and industrialized regions to be able to afford these thus, making the demand for this market to shift, consumers will move out of the market to way affordable alternatives like other devices that ca replace these refractory fibers which will highly hamper the market’s growth and economic stability within consumers and organizations as a whole
• These refractory fibers that are diverse component-wise has many sub groups of them and failure by consumers to be able to recognize the ideal preference of fiber to suit their constructive purposes would unfortunately, lead to a lack of product quality and efficiency. The proper balance for the market’s operational tasks to be conducted will be deprived and this could even lead to excessive energy consumption by the market’s devices manufactured using these fibers which would immensely bring down the market’s economic stability, hindering its growth along with consumers opting to choose the market’s challenging alternatives as better alternatives.

Refractory Fibers Industry Regional Analysis

Refractory Fibers Market Research Report Scope/Definition

For the purpose of this market research report, refractory fibers are defined as amorphous fibers that are part of materials referred to as synthetic vitreous fibers (SVFs) or human-made mineral fibers, which includes rock wool, glass wool, alkaline earth silicate, wool, slag wool, glass wool, and special-purpose glass fibers. Refractory fibers are highly durable and persistent than all synthetic vitreous fibers (SVFs). The demand for refractory fibers is because of their attractive properties such as; excellent thermal shock resistance, low heat storage, high-temperature stability, lightweight, easy handling, and high corrosion resistance. Refractory fiber is generally used for industrial applications, where it is used as a furnace lining in the petrochemical, glass, ceramic, and chemical, fertilizer, cement, and steel industries. Refractory fiber is also used as an aircraft heat shield for fire protection in buildings and automotive as metal converters, catalytic converters, used in brake pads, airbags, and heat shields.

Refractory Fibers Market Share and Competition
Key companies operating in this industry are: Ibiden, Morgan Thermal Ceramics, Shandong Luyang Share, Isolite Insulating Products, Nutec Fibratec, Rath, Unifrax I LLC, Yeso Insulating Products Co. Ltd., Thermost Thermotech Co. Ltd, and Hongyang Insulation Material.

Refractory Fibers Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Fiber Blanket
• Fiber Board
• Fiber Cotton

Application Analysis (Revenue, USD Million, 2021 - 2028)
• Aerospace and Defence Industry
• Chemical Industry
• Steel Industry
• Electrical Appliances
• Others

Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Refractory Fibers Industry Companies
• Ibiden
• Morgan Thermal Ceramics
• Shandong Luyang Share
• Isolite Insulating Products
• Nutec Fibratec
• Rath
• Unifrax I LLC
• Yeso Insulating Products Co. Ltd.
• Thermost Thermotech Co. Ltd
• Hongyang Insulation Material

Available Versions of Refractory Fibers Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report





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