Ceramic Fiber Market to offer a healthy CAGR of 11.2% during 2020-25
February 14, 2020
Ceramic Fiber Market Overview:
Ceramic Fiber Market is likely to witness an impressive CAGR of 11.2% during the forecast period. The growing demand for extremely thermal-efficient insulation products is estimated to drive the growth of the global ceramic fiber market.
Report Overview:
This new report from Stratview Research analyses the Ceramic Fiber Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Ceramic Fiber Market Segment Insights:
Type: as refractory ceramic fiber (RCF), alkaline earth silicate (AES) wool, and others
Based on the type, the market is segmented as refractory ceramic fiber (RCF), alkaline earth silicate (AES) wool, and others. The AES type segment is expected to depict the highest growth in the coming five years, owing to little bio-persistence and healthier distinctive properties. AES ceramic fiber products realize prime use in heat insulation for galley utensils for home and business applications and fire defense for marine vessels and edifices.
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Form Type: blanket, module, board, paper, and others
Based on the product form type, the market is segmented as blanket, module, board, paper, and others. The module segment is estimated to register the highest growth during the forecast period. The growth is attributed to their design adaptability and compatibility at various temperature arrays. Based on customer necessities, the design, densities, and attachment systems of modules are diverse for various industries including power generation, iron & steel, and refining & petrochemical.
End-Use Industry Type: iron & steel, refining & petrochemical and others
Based on the end-use industry type, the market is segmented as iron & steel, refining & petrochemical, power generation, aluminum, and others. The refining & petrochemical segment holds substantial demand for ceramic fiber. The growing need to reduce functional costs, enhance reliability, and minimize energy use in roofs, furnace linings, and walls are anticipated to drive the claim for ceramic fiber in the refining & petrochemical sector.
A highly/moderately/fragment consolidated Market
Some of the major players in the ceramic fiber market are ADL Insulflex Inc., Ceramsource, Inc., Double Egret thermal Insulation, Harbisonwalker International Inc., Ibiden Co., Ltd., Isolite Insulating Products Co. Ltd., Lewco Specialty Products, Inc., Morgan Advanced Materials Plc, Nutec Fibratec, and Pyrotek Inc.
Region: Asia-Pacific was the largest market for ceramic fiber
In terms of regions, Asia-Pacific was the largest market for ceramic fiber in 2019, and is estimated to maintain its dominance during the forecast period. China and India are the growth engines of the region. The market is largely sustained by the increasing manufacturing and construction activities, contributing to an increase in the engagement of lightweight and high-quality insulation materials built of ceramics, which is further anticipated to augment the employment of ceramic fiber. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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