SAN FRANCISCO, April 11, 2016 /PRNewswire/ --
The global fireproof ceramics market is expected to reach USD 6.44 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for ceramic fibers in various applications including repair for furnaces; and insulation in power plants, thermal reactors and turbines is expected to drive market growth. The growth of these end-user industries is expected to further propel industry expansion.
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Fireproof ceramics were widely used in the iron & steel industry accounting for over 30% of the global value market share in 2014. The products are used mainly in the form of modules. Apart from these, ceramic fiber boards and textiles are also consumed widely in this industry. Rising production output of iron & steel due to high demand in its various end-use industries including automotive, construction, aviation and marine is expected to consequently fuel market growth.
The global market for fireproof ceramics was valued at USD 2.87 billion in 2014 and is expected to witness growth over the forecast period on account of rising manufacturing facilities in rapidly developing markets of Asia Pacific. Increasing demand from end-user industries such as petrochemicals, iron & steel, and aluminum, particularly in Asia Pacific and MEA, is expected to fuel market growth.
Browse full research report with TOC on "Fireproof Ceramics Market Analysis By Product (Bulk, Blanket, Board, Paper, Module), By End-use (Iron & Steel, Petrochemicals, Ceramics & Glass, Aluminum, Power Generation) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/fireproof-market
Further key findings from the report suggest:
Grand View Research has segmented the global fireproof ceramics market on the basis of product, end-use and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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