DUBLIN, Oct. 22, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Ceramic Fiber Market by Type, End-product, and Application - Global Trends & Forecasts to 2019" report to their offering.
The ceramic fiber market size, by volume, is projected to register a CAGR of 8.7% in the next five years to reach 1,983 KT by 2019. Ceramic fiber has gained acceptance due to its favorable properties, such as high temperature resistance, superior tensile strength, high energy efficiency, and better flexibility when compared to other insulating materials. Thus, these fibers effectively address the high temperature insulation requirements in various industries, such as petrochemical, and iron & steel. The report covers the ceramic fiber market and its trends in North America, Europe, Asia-Pacific, and Rest of the World (RoW). The ceramic fiber market size in terms of value is projected to reach $4.8 billion by 2019, at a CAGR of 10.3% between 2014 & 2019.
The ceramic fiber market is analyzed with respect to types, end products and end-use industries. The ceramic fiber types are refractory ceramic fiber (RCF), low bio-persistent ceramic fiber, and polycrystalline ceramic fiber. Ceramic fiber end products include bulk, blanket, board, module paper, textiles, and others. End-use industries included are petrochemical, iron & steel, aluminum, ceramics, power generation, and other end-use industries (including aerospace, automotive, glass, fire protection, and powder metallurgy). Petrochemical is the major consumer of ceramic fiber, a trend which is anticipated to continue in future. Blanket ceramic fiber accounts for the majority of usage among various end products of ceramic fiber.
Asia-Pacific is the largest market for ceramic fiber, with the presence of emerging economies such as China and India, and growing activities in the construction, energy, industrial and automotive sector. Lower cost of production has provided a great opportunity for the global players to set up their manufacturing facility in the Asia-Pacific region, especially, in the developing nations such as China and India.
Asia-Pacific will continue to lead the market till 2019, followed by North America, Europe and RoW. Asia-Pacific will witness the highest growth followed by RoW, leaving behind developed economies, such as North America and Europe. In the ceramic fiber market, the industry comprises several global and regional players such as Morgan Thermal Ceramics (U.K.), Unifrax Corporation (U.S.), Shandong Luyang Share Co. Ltd. (China), IBIDEN Co. Ltd. (Japan), Isolite Insulating Products Co., Ltd. (Japan), and Nutec Fibratec (Mexico) among others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global Ceramic Fiber Market, By Type
8 Global Ceramic Fiber Market, By End Product
9 Ceramic Fiber Market, By End-Use Industry
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- General Insulation Europe Ltd.
- Ibiden Co. Ltd.
- Isolite Insulating Products Co., Ltd.
- Morgan Thermal Ceramics
- Nutec Fibratec
- Rath Incorporated
- Shandong Luyang Share Co. Ltd.
- Thermost Thermotech Co. Ltd.
- Unifrax Corporation
- Yeso Insulating Products Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/4lkq25/ceramic_fiber
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SOURCE Research and Markets