Ceramic Fiber Market to Hit 9.8% CAGR to 2022, Led by Petrochemical and Power Generation Industries
PUNE, India, May 25, 2018 /PRNewswire/ --
The global ceramic fiber market is estimated at USD 1.63 billion in 2017 and is projected to reach USD 2.59 billion by 2022, at a CAGR of 9.8% from 2017 to 2022 reports added in ReportsnReports.com. Growth of the market is driven by the high thermal efficiency of ceramic fiber products as compared to conventional insulation materials. The APAC region is expected to lead the global ceramic fiber market between 2017 and 2022. China is the key producer and consumer of ceramic fiber in the APAC.
Browse 107 Market Data Tables and 55 Figures spread through 143 Pages and In-depth TOC on "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" at http://www.reportsnreports.com/reports/125445-ceramic-fiber-market-by-type-applications-global-forecast-to-2016-.html .
Ceramic fiber market is primarily used in boilers, fired heaters, and Fluid Catalytic Cracking Units (FCCUs) to offer effective solutions for energy requirements in the refining &petrochemical industry. Along with high-temperature requirements, ceramic fiber products are manufactured to withstand tough and corrosive manufacturing conditions in the petrochemical industry.
Ceramic fiber blanket is the largest product form segment in the global ceramic fiber market
Ceramic fiber market research study aims at identifying emerging trends and opportunities in the global ceramic fiber market, along with a detailed classification, in terms of value. It identifies key players in the market and provides a comprehensive competitive landscape.
The global ceramic fiber market has been segmented by type, product form, end-use industry, and region. Based on type, the market has been segmented into RCF, AES, and others. Based on product form, the market has been segmented into blanket, board, paper, module, and others.
Refining & petro chemical is the largest end-use industry segment of the global ceramic fiber market
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Key manufacturers of ceramic fiber include Morgan Advanced Materials PLC (UK), Unifrax I LLC (US), Luyang Energy-Saving Materials Co., Ltd. (China), IBIDEN Co., Ltd. (Japan), and Isolite Insulating Products Co., Ltd. (Japan).
Key benefits of buying the report
- Market segmentation based on type, product form, end-use industry, and region
- Market dynamics including drivers, restraints, and opportunities
- Porter's Five Forces Analysis
- Profile of key players in the global ceramic fiber market
Global ceramic fiber market has been segmented into blanket, board, paper, module, and others. Module segment is projected to grow at highest CAGR due to their design versatility and suitability at various temperature ranges. Based on customer requirements, densities, design, & attachment systems of modules are varied for various industries including iron & steel, power generation, and refining & petrochemical.
Global ceramic fiber market has been classified into APAC, Europe, North America, Middle East & Africa, and Central & South America. APAC was the largest market for ceramic fiber in 2016 and is projected to lead the ceramic fiber market during the forecast period. The APAC ceramic fiber market is largely driven by the increasing manufacturing and construction activities, leading to an increase in the use of lightweight and high-quality insulation materials made of ceramics, which is further expected to increase the use of ceramic fiber.
Target Audience for the ceramic fiber market report:
- Ceramic Fiber Manufacturers
- Ceramic Fiber Suppliers
- Raw Material Suppliers
- Investment Banks
- Government Bodies
Major factor restraining growth of ceramic fiber market is the presence of stringent regulations pertaining to the use of toxic carcinogenic materials. The use of refractory or alumino-silicate materials poses serious harm to human health. These also accumulate in the environment. Thus, various governments have limited or banned the use of such materials to lower the harmful effects on the environment.
Order a Copy of "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" research report at http://www.reportsnreports.com/purchase.aspx?name=125445 .
The global ceramic fiber market has been segmented by type, product form, end-use industry, and region. Based on type, the market has been segmented into RCF, AES, and others. Based on product form, the market has been segmented into blanket, board, paper, module, and others. Based on end-use industry, the market has been segmented into refining & petrochemical, iron & steel, power generation, aluminum, and others.
The break-up of the profiles of the primary participants is given below:
- By Company Type: Tier 1 - 70%, Tier 2 -20%, and Tier 3 - 10%
- By Designation: C Level - 50%, Director Level - 20%, and Others - 30%
- By Region: APAC- 32%, Europe - 29%, North America - 25%, Middle East & Africa-8%, South America - 6%
Another research titled the fiber optic components market is expected to grow from USD 17.15 billion in 2018 to USD 27.60 billion by 2023, at a CAGR of 10% during 2018-2023. Key factors driving the growth of the fiber optic components market are the development strategies such as agreements, contracts, joint ventures, product launches and developments, acquisitions, and expansions implemented by the players in the fiber optic components market. Finisar (US), Lumentum (US), Broadcom (US), Sumitomo Electric (Japan), and Accelink Technologies (China), Acacia Communications (US), EMCORE (US), Fujitsu Optical Components (Japan), Furukawa Electric (Japan), II-VI (US), NeoPhotonics (US), Oclaro (US), O-Net Technologies (China), Reflex Photonics (Canada), Source Photonics (US), Fiber Mountain (US), Kaiam (US), MW Technologies (Portugal), Nokoxin Technology (China), and Optienz Sensors (US) are the key players in the fiber optic components market available http://www.reportsnreports.com/contacts/discount.aspx?name=1341538 .
Explore more reports on Advanced Materials Market Research at http://www.reportsnreports.com/market-research/advanced-material/ .
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