Bio-soluble Fiber Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, India, Germany, UK - Size and Forecast 2024-2028

Bio-soluble Fiber Market Size 2024-2028

The bio-soluble fiber market size is forecast to increase by USD 2.11 billion at a CAGR of 9.91% between 2023 and 2028.

• The market is experiencing significant growth due to the increasing popularity of biosoluble mineral fiber in various end-user industries, including automotive, construction, and textiles. This trend is driven by the superior properties of biosoluble mineral fibers, such as high strength, insulation, and fire-resistant capabilities. Additionally, the growing demand for lightweight and fuel-efficient vehicles in the automotive industry is boosting the use of biosoluble mineral fibers as reinforcing materials. However, the presence of alternatives for biosoluble mineral fibers, such as synthetic fibers, poses a challenge to market growth. Nevertheless, the market is expected to continue expanding due to the increasing awareness of the environmental benefits of using renewable and biodegradable materials.

What will be the Size of the Bio-soluble Fiber Market During the Forecast Period?

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• The market is witnessing significant growth due to the increasing demand for eco-friendly and sustainable insulation materials in various industries. These fibers offer excellent thermal insulation, fire protection, and soundproofing properties, making them ideal for use in building and construction, oil and gas, automotive, and power industries. The solid and sound retention capabilities of bio-soluble fibers make them effective in protecting items from external damage. These fibers possess low warmth storage and low war conductivity, making them energy-efficient insulation materials. Bio-soluble fibers are derived from renewable raw materials such as oats, barley, chia seeds, and functional foods, making them biodegradable and environmentally friendly.
• They also offer resistive properties, making them suitable for use in ceramics and glass industries. In contrast to petrochemical-based fibers, bio-soluble fibers have gained popularity due to their reduced greenhouse gas emissions. Overall, the versatility and sustainability of bio-soluble fibers are driving their demand in various industries.

How is the Bio-soluble Fiber Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• End-user
  • Petrochemical
  • Ceramics and glass
  • Metal and foundry
  • Power
  • Others
• Product
  • Biosoluble fiber blanket
  • Biosoluble fiber board
  • Biosoluble fiber paper and others
• Geography
  • APAC
    • China
    • India
  • Europe
    • Germany
    • UK
  • North America
    • US
  • South America
  • Middle East and Africa

By End-user Insights

The petrochemical segment is estimated to witness significant growth during the forecast period. Biosoluble fibers, derived from renewable sources, offer adaptable solutions in various industries, including petrochemicals. In this sector, these fibers are utilized in protecting items such as pipes, heaters, furnaces, stacks, walls, and roofs, enhancing their sound retention and thermal insulation properties. Their low warmth storage and low thermal conductivity make them suitable for use in petrochemical segments, particularly in the foundry, metal, and power industries. These fibers' resistive properties enable them to withstand harsh conditions and resist the corrosive effects of toxic chemicals. Moreover, biosoluble fibers find applications in the automobile sector, where they contribute to car development through their use as insulation materials in thermal insulation, fire protection, and soundproofing.

Furthermore, in the building and construction sector, they offer energy-efficient insulation materials, reducing greenhouse gas emissions and contributing to eco-friendly products. Additionally, these fibers have digestive health benefits, making them essential in supplements, functional food, and beverages. In the agriculture industry, they are used in the production of oats and other crops. The growing demand for sustainable raw materials in various industries is expected to boost the market growth for biosoluble fibers.

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The Petrochemical segment was valued at USD 898.05 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The biosoluble mineral fiber market is witnessing significant growth, particularly in the Asia-Pacific (APAC) region, due to its increasing usage in various industries. Barley and legumes are the primary sources of biosoluble fiber, which is renowned for its cholesterol-lowering properties and ability to regulate blood sugar levels. These fibers are increasingly being used in functional foods, such as energy bars, smoothies, and yogurt, to enhance their nutritional value and provide health benefits. The APAC region is leading the global biosoluble mineral fiber market, with China, India, Indonesia, Vietnam, and Thailand being the major consumers. The growth in sectors like automotive, construction, power, and ceramics is driving the demand for biosoluble mineral fiber in the region.

Furthermore, this fiber is also used to address digestive problems and is beneficial for individuals suffering from constipation, diabetes, and cardiovascular diseases. Moreover, the market is witnessing innovation in quality and product development, with the introduction of new raw materials such as Chia Seeds. However, the availability of raw materials is a significant challenge for market growth. Despite this, the market is expected to continue its upward trajectory due to its numerous health benefits and increasing demand in various industries.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of Bio-soluble Fiber Industry?

• The growing popularity of biosoluble mineral fiber in end-user industries is the key driver of the market. Biosoluble fibers are adaptable insulating materials, manufactured using advanced spinning technology. These fibers possess desirable properties such as solid strength, lightweight, and flexibility, with very low thermal conductivity, superb thermal shock resistance, and minimal heat storage. Due to these unique attributes, biosoluble mineral fibers have found extensive applications in various industries, including metal and foundry, petrochemicals, power, and others. In the petrochemical sector, these fibers are utilized in pipe insulation, heaters and furnaces, stacks and walls, and roofs, enhancing thermal efficiency and resisting mechanical degradation. Their ease of installation and non-hazardous nature, owing to low bio-persistence and biodegradability, make them an attractive alternative to petrochemical-based insulation materials.
• Furthermore, biosoluble fibers are gaining popularity in the automobile sector for car developments, in the production of energy-efficient insulation materials for building and construction, oil and gas industries, and as functional ingredients in food and beverages for digestive health, weight management, and chronic disease prevention. These eco-friendly products are also employed as insulation materials for thermal insulation, fire protection, soundproofing, and as raw materials for insulation forms, making them a versatile solution for various industries.

What are the market trends shaping the Bio-soluble Fiber Industry?

• Growing demand for biosoluble mineral fiber in the automotive industry is the upcoming market trend. Biosoluble fiber, a type of mineral fiber, is gaining significant traction in various industries due to its adaptable properties. In the automotive sector, it is extensively used for manufacturing spare parts and subparts, as well as for fire protection, fuel cell insulation, exhaust pipe insulation, heat shielding for automotive parts, and interior sealing. The automobile industry's increasing focus on producing energy-efficient insulation materials for thermal insulation, fire protection, soundproofing, and weight reduction is driving the demand for biosoluble fiber. This fiber is also used in the power industry for insulation material applications, and in the oil and gas sector for fire protection and soundproofing.
• Biosoluble fiber is known for its sound retention, low warmth storage, and low thermal conductivity properties, making it an ideal choice for insulation materials. It is also biodegradable and possesses biostability properties, making it an eco-friendly alternative to petrochemical segments, which often use toxic chemicals. In addition, biosoluble fiber is used in the ceramics and glass, metal and foundry, and petrochemical and power industries for its resistive properties. It is also used in the production of functional food, supplements, beverages, and oats for digestive health, weight management, and chronic diseases. The raw materials used to produce biosoluble fiber come in various forms, including blankets, wools, and modules, which cater to the diverse needs of different industries.

What challenges does the Bio-soluble Fiber Industry face during its growth?

• The presence of alternatives for biosoluble mineral fibers is a key challenge affecting the industry's growth. Biosoluble fibers have emerged as a viable alternative to traditional man-made fibers such as Acoustic Emission Stones (AES), Refractory Ceramic Fibers (RCF), and Polyester Wool (PW), which are known for their negative environmental and health impacts. Regulatory bodies like REACH have imposed restrictions on the use of these fibers due to their toxic chemical properties. In response, biosoluble mineral fibers have gained popularity. However, these fibers can be surpassed by fiber-free compounds in certain applications. Fiber-free compounds offer advantages such as adaptability, solid sound retention, and low warmth storage and conductivity. They are suitable for various industries, including ceramics and glass, metal and foundry, petrochemical and power, and the automobile sectors.
• In the automotive industry, these compounds are used for car development in areas requiring thermal insulation, fire protection, and soundproofing. Moreover, fiber-free compounds contribute to energy efficiency and eco-friendly initiatives by reducing greenhouse gas emissions. They are used as insulation materials in building and construction, oil and gas, and automotive industries. Additionally, they offer benefits in digestive health, weight management, and chronic disease prevention when used as supplements, functional food, and beverages. Oats are a common source of biosoluble fibers. Despite their advantages, fiber-free compounds have limitations, such as higher density and weight and limited shape possibilities. However, they outperform biosoluble mineral fibers in insulating performance and offer resistance properties, making them a preferred choice in specific applications.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Beijing SUPER International Trade Co. Ltd.
• Calvo Sealing SL
• Double Egret Thermal Insulation Co. Ltd.
• Etex NV
• Final Advanced Materials Sarl
• Greenergy Refractory and Insulation Material Co. Ltd
• Grupo Nutec
• Knauf Insulation
• Luyang Energy saving Materials Co. Ltd.
• Morgan Advanced Materials Plc
• Pyrotek Inc.
• Shandong Green Tiantong New Energy Co. LTD
• Shandong Guangming Super Refractory Fiber Co. Ltd.
• Shinagawa Refractories Co. Ltd.
• Shree Ceramic Fibers Pvt. Ltd.
• Shree Group of companies
• Silca Service und Vertriebsgesellschaft fur Dammstoffe mbH
• THERMO Feuerungsbau-Service GmbH
• Unifrax I LLC
• Vitcas Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market is witnessing significant growth due to its adaptable nature in various industries. These fibers, derived from renewable sources, offer solid benefits such as sound retention, low warmth storage, and low water storage. In contrast to petrochemicals, bio-soluble fibers possess resistive properties that are eco-friendly and free from toxic chemicals. The market is segmented into petrochemical segments, ceramics and glass, metal and foundry, petrochemical and power, automobile sectors, and others. Bio-soluble fibers find extensive applications in the automobile sector for car developments, in pottery as an insulation material, and in the building and construction industry for thermal insulation, fire protection, and soundproofing.

Moreover, bio-soluble fibers are gaining popularity In the oil and gas and automotive industries for their energy-efficient insulation materials. The health sector also utilizes these fibers in supplements, functional food, and beverages for digestive health, weight management, and chronic diseases. Oats are a common source of bio-soluble fibers. Overall, the market's growth is driven by the increasing demand for eco-friendly products and the need to reduce greenhouse gas emissions.

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What are the Key Data Covered in this Bio-soluble Fiber Market Research and Growth Report?

• CAGR of the Bio-soluble Fiber industry during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the bio-soluble fiber market growth of industry companies

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