Ceramic Fiber Market worth 5.00 Billion USD by 2020
The global ceramic fiber market is projected to register a CAGR of 9.4% for the forecast period to reach USD 5.00 Billion by 2020
The report "Ceramic Fiber Market by Type (Refractory, Low Bio-persistence, Polycrystalline), End-product (Blanket, Module, Bulk, Board, Paper), and End-use Industry (Petrochemical, Iron & Steel, Aluminum, Ceramics, Power Generation) - Global Trends & Forecasts to 2020", In terms of value, the global ceramic fiber market is projected to reach USD 5.00 Billion by 2020 at a CAGR of 9.4% between 2015 and 2020. The ceramic fiber market is mainly driven by increased usage in high temperature applications, high efficiency over other insulation products, and growth of end-use industries.
Browse 119 market data tables with 50 figures spread through 156 pages and in-depth TOC on "Ceramic Fiber Market - Global Trends & Forecasts to 2020"
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Petrochemical end-use industry to continue dominating the market
Petrochemical, iron & steel, aluminum, ceramic, and power generation are the major end-use industries of ceramic fibers. In the petrochemical industry, ceramic fibers are used in boilers, fired heaters, and fluid catalytic cracking units (FCCUs). Petrochemical is the largest end-use industry for ceramic fibers. The demand for ceramic fibers in the petrochemical industry is driven by the increasing demand of its end products such as polymers and elastomers in India and China. The evolution of shale gas & coal gasification technology in North America is also boosting the use of ceramic fibers in the petrochemical industry.
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RCF to dominate the ceramic fiber market
RCF dominated the ceramic fiber market with Asia-Pacific as the largest market in 2014 and the trend is expected to remain same during the forecast period. Europe is the leading market for lowbio-persistent and polycrystalline ceramic fibers owing to the carcinogenic nature of RCF and stringent regulatory framework in the region.
Increasing demand from Asia-Pacific is accelerating the growth of the ceramic fiber market
Asia-Pacific is the leading market for ceramic fibers, followed by Europe and North America. The demand in the region is strong due to the rapid development of commercial, industrial, manufacturing, and energy sectors. This has projected Asia-Pacific as an investment hub where several major companies have placed themselves to tap the potential of a growing market.
The leading players in the market include Morgan Thermal Ceramics (U.K.), Unifrax Corporation (U.S.), Luyang Energy-saving Materials Co. Ltd. (China), IBIDEN Co. Ltd. (Japan), Isolite Insulating Products Co., Ltd. (Japan), Nutec Fibratec (Mexico), General Insulation Europe Ltd. (Germany), Thermost Thermotech Co. Ltd. (China), Yeso Insulating Products Co. Ltd. (China), and Rath Inc. (U.S.).
The report covers the ceramic fiber market and its trends that concern four regions, the North America, Europe (Western Europe and Eastern Europe), Asia-Pacific, and Rest of the World (RoW). The market has also been analyzed on the basis of type, that is, refractory ceramic fiber (RCF), low bio-persistent ceramic fiber, and polycrystalline. Bulk, blanket, board, paper, module, textile, and others are the major end products studied. Petrochemical, iron & steel, aluminum, ceramics, power generation, and other end-use industries have also been studied and included in this report.
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