The changing dynamics in Ceramic Textile Market with covid-19 impact assessment
June 10, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ceramic Textile Market.
It was estimated prior to this unanticipated outbreak that the Ceramic Textile Market was expected to grow at a CAGR of 11.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
For a more detailed breakdown of the COVID-19 impact on the Ceramic Textile Market, request a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/708/ceramic-textile-market.html
Ceramic Textile represents a wide number of forms such as cloth, ropes, tapes, sleeving, braids, and others. They are known for their advantageous properties such as workability, great flexibility, and high strength.
Ceramic Textile can have vitreous alumina-silica and polycrystalline fiber types. Industrial and transportation are the two most common industries where ceramic textile is being used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Click here for description of the report:
https://www.stratviewresearch.com/708/ceramic-textile-market.html
Based on the fiber type, the market is segmented as vitreous alumina-silica ceramic fiber and polycrystalline ceramic fiber. Refractory ceramic fiber (RCF) is estimated to be the largest segment of the ceramic textile market. It is lightweight and owns low thermal conductivities, excellent resistance to thermal shock, remarkable electrical resistivity, excellent insulating properties, superior corrosion resistance, and good acoustical properties, which are the factors contributing to the growth of the segment during the forecast period.
Based on the form type, the market is segmented as cloth, ropes, tapes, sleeving, braids, and others. Ceramic cloth owns the largest share of the market in the form segment of ceramic textiles. Remarkable properties of ceramic cloth, such as insulation, good performance at low temperatures, and heat insulation immensely contribute to its large market size. It enjoys an extensive usage in various applications, such as welding foundry works, aluminum and steel mills, boiler insulation and seal, shipyards, refineries, power plants, and chemical plants. Braids are estimated to be fast growing segment of the market in the coming five years. The growth of this segment is likely to be driven by the characteristics of braids, such as maximum resistance to mechanical abuse, superior strength, minimal unraveling.
Based on the end-use industry type, the market is segmented as industrial and transportation. The market is dominated by the industrial end-use industry segment. It is also estimated to register a higher growth during the forecast period, owing to the flourishing petrochemical, steel, and aluminum end-use industries in the global market. Further, high demand for end products from industries, such as iron & steel, aluminum, petrochemicals, and others are likely to drive the production of ceramic fibers in the coming five years.
In terms of regions, Asia-Pacific is large and fast growing market for ceramic textiles. Factors driving the growth of the Asia-Pacific region are infrastructural growth and increasing industrialization. The presence of most of the emerging economies in this region, further serves as a catalyst for the region’s growth. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the major players in the ceramic textile market are Ibiden Co. Ltd., Isolite Insulating Products Co. Ltd., The 3M Company, Rath Inc., Rauschert Steinbach GmbH, Luyang Energy-Saving Materials Co. Ltd., Mineral Seal Corporation, Morgan Advanced Materials Corporation, Kyocera Corporation, and Unifrax Corporation.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Ceramic Textile Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Know more about us and our reports:
Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.
Phone No. - +1-313-307-4176
Email - sales@stratviewresearch.com
Website - https://www.stratviewresearch.com/