Stratview Research in its recent report has offered an overlook of the current Ceramic Fiber Market scenarios and has also estimated the Ceramic Fiber Market size to reach grow at CAGR of 11.2% by 2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020-2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.
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Ceramic fiber is synthetic mineral wool that can withstand temperatures above 1000°C. It is majorly used in the aerospace industry, owing to its lightweight properties, possession of enormous compressive strength, and improvement of thermal performance without the requirement of a vacuum. Its other name is high-temperature insulation wool.
Ceramic fiber has usages only in the high-temperature industrial applications and some other processes. Blanket, module, board, paper, and some others are the product forms of ceramic fiber.
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.
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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.
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.
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.
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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Highlights of the Report:
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.
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.
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 Fiber Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- 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
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