SAN FRANCISCO, March 4, 2019 /PRNewswire/ -- Global Ceramic Fiber Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Ceramic Fiber is termed as a thread or small-dimension filament composed of a ceramic material, mainly silica and alumina. It could be used where high temperature comes into picture; say 2300°F and is odorless and white in color. It is produced out of high purity aluminosilicate material by fiberizing. It is exclusively used in lightweight units for sound, electrical, and thermal insulation. Growing demand for highly effective insulation products is documented as the major driving factor to Ceramic Fiber Market that is estimated to enhance the growth in the years to come. However, government policy against use of toxic carcinogenic materials may restrain overall market growth in future. Ceramic Fiber Market is segmented based on type, product type, end use industry, and region. AES, RCF, and the other types could be explored in Ceramic Fiber in the forecast period. The AES sector may account for the substantial market share of Ceramic Fiber in the near future years. Also, the sector is estimated to grow at the highest CAGR in future. This may be because of enhanced distinguishing properties and low bio-persistence. It is exclusively used in fire protection for buildings and marine vessels and in heat insulation for kitchen utensils for business and home use. Paper, blanket, board, module, and the other product types could be explored in Ceramic Fiber in the forecast period. The module sector may account for the significant CAGR in the years to come. As, appropriateness at various temperature ranges and design flexibility.
The market may be categorized based on end use industry like aluminum, refining & petrochemical, power generation, iron & steel, and others could be explored in the forecast period. The refining & petrochemical sector may account for the substantial market share of Ceramic Fiber and is estimated to lead the overall market in the upcoming period. Ceramic Fiber Market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa). Globally, Asia Pacific accounted for the substantial market share of Ceramic Fiber and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be rising automotive, construction and manufacturing activities, rising use of ceramic fiber, high R&D investment, and increasing use of high-quality and lightweight insulation materials made of ceramics. The developing countries like China, India, South Korea, and Japan are the major consumers of Ceramic Fiber in this region. The key players of Ceramic Fiber Market are Nutratec Fibratec, Unifrax Corporation, Yeso Insulating Products Co. Ltd., IBIDEN Co. Ltd., and General Insulation Europe Ltd., Moran thermal Ceramics, Nutec Fibratec, Isolite Insulating Products Co. Ltd., Rath Incorporated, Shandong Luyang Share Co. ltd., and Thermost Thermotech Co. Ltd. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
The report segments the market and forecasts its size, by volume and value, on the basis of product, by application, and by geography (North America, Europe, Asia-Pacific, MEA and South America). The report covers forecast and analysis for the ceramic fiber market on a global and regional level.
Access 125 page research report with TOC on "Ceramic Fiber Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-ceramic-fiber-market-outlook-2018-2023
The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the ceramic fiber market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the ceramic fiber market on a global level. The report has been prepared based on the synthesis, analysis, and interpretation of information about the global ceramic fiber market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile. The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global ceramic fiber market.
- Key Regions:
o North America
o Asia Pacific
o Middle East and Africa
o South America
- Key Vendors:
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- Key Questions Answered in this Report:
o What will the market size be in 2023?
o What are the key factors driving the global ceramic fiber market?
o What are the challenges to market growth?
o Who are the key players in the ceramic fiber market?
o What are the market opportunities and threats faced by the key players?
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