PUNE, India, May 16, 2018
PUNE, India, May 16, 2018 /PRNewswire/ --
The report "Ceramic Fiber Market by Type (RCF and AES Wool), Product Form (Blanket, Board, Paper, and Module), End-use Industry (Refining & Petrochemical, Iron & Steel, Power Generation, and Aluminum), and Region - Global Forecast to 2022" published by MarketsandMarkets™, the global market is estimated at USD 1.63 Billion in 2017 and projected to reach USD 2.59 Billion by 2022, at a CAGR of 9.8% from 2017 to 2022.
Browse 107 market data Tables and 55 Figures spread through 143 Pages and in-depth TOC on "Ceramic Fiber Market"
Early buyers will receive 10% customization on on this report.
The growth of the global Ceramic Fiber Market is majorly driven by the increased thermal efficiency of ceramic fiber products which are lightweight and exhibit enhanced functionality as compared to substitute products, such as metal, glass, or wood.
Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=384
AES segment to grow at the highest CAGR between 2017 and 2022
Based on type, the global Ceramic Fiber Market has been segmented into RCF, AES, and others. The AES segment is projected to grow at the highest CAGR during the forecast period. This high growth rate is attributed to the increasing need for highly-efficient, low bio-persistent, and lightweight ceramic fiber having superior properties as compared to carcinogenic RCF based ceramic fiber.
Ceramic fiber module segment to witness the highest CAGR between 2017 and 2022
Based on product form, the global Ceramic Fiber Market has been segmented into blanket, board, module, paper, and others. The module segment is projected to grow at the highest CAGR during the forecast period. This expected high growth rate is due to their convenient shapes and demand from the petrochemical, iron & steel, and ceramic industry.
The refining & petrochemical end-use industry segment projected to grow at the highest CAGR during the forecast period
Based on end-use industry, the refining & petrochemical segment is projected to grow at the highest CAGR between 2017 and 2022. The increasing need to lower operating costs, increase reliability, and lower energy use in furnace linings, roofs, and walls is expected to fuel the demand for ceramic fiber in the refining & petrochemical industry.
APAC to be the fastest-growing market for ceramic fiber during the forecast period
The Ceramic Fiber Market in the APAC is projected to grow at the highest CAGR between 2017 and 2022. This growth is mainly attributed to the growth of construction, automotive, and manufacturing industries; significant R&D investments; and drive to use less toxic products in the APAC countries, such as India, Japan, South Korea, and China.
Unifrax I LLC (US), IBIDEN Co., Ltd. (Japan), Morgan Advanced Materials PLC (UK), Nutec Fibratec (Mexico), and Rath Group (Austria) are some of the leading players in the global Ceramic Fiber Market.
Know more about Ceramic Fiber Market Research Report:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets