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Ceramic Textile Market Set to Reach US$ 477 Million by 2034 with a 10.3% CAGR Growth | Future Market Insights, Inc.

Increasing Demand for Ceramic Textiles in Aerospace and Automotive Industries due to their High-Temperature Resistance and Lightweight Properties. Increasing need to save energy and reduce production costs among end-user industries are some key factors expected to drive demand for ceramic fiber to a significant extent over the forecast period

NEWARK, Del, Feb. 08, 2024 (GLOBE NEWSWIRE) — The ceramic textile market is expected to be valued at US$ 179.1 million in 2024. The market is expected to rise at a CAGR of 10.3% from 2024 to 2034. The market is projected to reach a value of US$ 477 million by 2034.

The ceramic textile market is experiencing a significant increase in demand due to several factors. The excellent thermal insulation properties of ceramic textiles can withstand extremely high temperatures, making them ideal for use in industries such as aerospace, automotive, and energy. They are used as insulation materials in engines, turbines, exhaust systems, and other high-temperature applications.

The lightweight and flexible nature of the ceramic textiles can be easily molded to fit a variety of shapes and sizes. Additionally, they are highly durable and resistant to wear and tear, making them ideal for use in harsh environments.

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The increasing demand for energy-efficient solutions. As more industries look for ways to reduce their energy consumption and greenhouse gas emissions, they are adopting materials like ceramic textiles to help them achieve their goals. These materials offer excellent thermal insulation properties, which can help reduce energy consumption by minimizing the amount of heat lost through walls, pipes, and other surfaces.

Advancements in manufacturing technology also contribute to the growth of the ceramic textile market. Manufacturers are now able to produce ceramic textiles in larger quantities and at lower costs than ever before, making them more accessible to a wider range of industries and applications.

“The demand for high temperature-resistant materials in various industries is increasing, which is expected to fuel the growth of the ceramic textile market over the coming years. With the ability to serve a wide range of industries and applications, ceramic textile manufacturers can tap into vast market opportunities,” says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the Ceramic Textile Market

  • The ceramic textile market is estimated to register a CAGR of 10.3% and reach a valuation of US$ 477 million by 2034.
  • The vitreous alumina-silica is anticipated to dominate the global market by registering a 10.2% CAGR from 2024 to 2034.
  • The cloth segment is expected to rise at a 10.1% CAGR from 2024 to 2034.

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Competitive Landscape

There are various companies operating in the ceramic textile market, providing a wide range of products for different purposes like insulation, filtration, and fire protection. Each player in this market has its own strengths and weaknesses and employs unique strategies to remain competitive. To stay ahead of the competition, companies must continuously innovate and improve their products.

Key Market Players

  • Ibiden
  • Kyocera Corporation
  • Isolite Insulating Products Co., Ltd.
  • Morgan Advanced Materials Corporation
  • Unifrax
  • Zircar Zirconia, Inc.
  • Luyang Energy-Saving Materials Co., Ltd.
  • Rath Group
  • Rauschert GmbH
  • 3M
  • Mineral Seal Corporation
  • RAK Ceramics

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Key Market Segments

By Type:

  • Vitreous Alumina-Silica
  • Polycrystalline Ceramic Fiber

By Form:

  • Cloth
  • Ropes
  • Tapes
  • Sleeves
  • Braids

By Process:

  • Pressing
  • Extrusion
  • Injection Molding
  • Others

By End Use:

  • Transportation
  • Petrochemicals
  • Iron and Steel
  • Aluminum
  • Power
  • Industrial

By Region:

  • North America
  • Latin America
  • East Asia
  • South Asia
  • Europe
  • Oceania
  • MEA

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Have a Look at Related Research Reports on Chemicals & Materials

The technical textiles market will register positive growth with the overall valuation forecast to surpass US$ 202.93 billion in 2023. The market’s worth will increase at a compound annual growth rate (CAGR) of 6.7% between 2023 and 2033.

The global agro textiles market is expected to register a staggering double-digit CAGR of 6.4% by garnering a market value of US$ 9,478 Million. 

The global textile colorant market to reach a value of US$ 6,850.0 million in 2022. Sales prospects of textile colorant is expected to witness healthy CAGR of magnitude 5.4% and are expected to top a valuation of US$ 11,590.4 million by 2032. 

Overall textile chemicals sales in Asia are set to register a 6% CAGR during the forecast period of 2023 and 2033 and reach a valuation of US$ 24,600 Million by 2033.

Sales prospects of textile auxiliaries are expected to witness a steady growth rate of 5.2% and are expected to top a valuation of US$ 16,589.3 Million by 2032. 

The consistent growth forecasts indicate that the global textile flooring market is poised to achieve an impressive valuation of US$ 10,251.42 million by 2033.

The global high temperature ceramics market was estimated to be worth US$ 4.67 billion in 2022. From 2022 to 2032, it is expected to grow at a CAGR of 7.1%, reaching US$ 9.27 billion.

The advanced ceramics market size is projected to be valued at US$ 40,142.0 million in 2023 and is expected to rise to US$ 63,542.7 million by 2033. The sales of advanced ceramics are expected to record a significant CAGR of 4.7% during the forecast period.

The industrial ceramics market is anticipated to record a CAGR of 6.1% during the forecast period, up from US$ 118.9 Billion in 2022 to reach a valuation of US$ 218.1 Billion by 2032.

The ceramic tiles market size is forecasted to reach US$ 97.45 billion in 2023. By 2033 end, the market is expected to relish the revenue growth of US$ 195.31 billion. 

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Originally published at https://www.einpresswire.com/article/687137988/ceramic-textile-market-set-to-reach-us-477-million-by-2034-with-a-10-3-cagr-growth-future-market-insights-inc

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