Ceramic Fiber Market - Key Trends and Opportunities to 2024

1. High demand from petrochemical industry drives the Global Ceramic Fiber Market Market Overview: Ceramic fiber is associate insulation fabricated from an alumina-silica composition, held along with an inorganic binder. It exhibits properties like lightweight and low-density that make it appropriate for high-temperature applications needing low thermal mass. The global ceramic fiber market was expected at USD 1.71 billion in 2018 and is estimated to reach USD 2.72 billion in 2023 with a CAGR of 9.84% throughout the forecast period. Market drivers and restraints: The noteworthy drivers of the global ceramic fiber market are its high demand from the foremost end-use industries like iron & steel, refining & petrochemical, power generation, chemical, transportation, and others. The high demand for ceramic properties could be attributed to the superior properties exhibited such as lightweight, thermal stability, high thermal insulating performance, excellent resistance to thermal shock, and low thermal conductivity. Addition to these properties, it also exhibits small heat storage, high sound absorption, excellent resistance towards corrosion and chemicals, and chemical stability. The increasing need for this fiber from the refining & petrochemical industry is one of the critical promoters of the global ceramic fiber market. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/ceramic-fiber-market Report segmented as: By type: •refractory ceramic fiber •alkaline earth silicone •others By product form: •blankets •rope •paper •board •blocks •cloth •module •others

2. By end user: •refining & petrochemical •iron & steel •power generation •chemical •transportation •others Geographical analysis: On the basis of geography, the global ceramic fiber market is segregated into regions of Asia- Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Europe and North America is estimated to witness continuous growth due to the decelerating industrialization in both the regions. Important market players: Important key players in the global ceramic fiber market include Morgan Advanced Materials (UK), Unifrax (US), LUYANG ENERGY-SAVING MATERIALS CO., LTD. (China), IBIDEN (Japan), HarbisonWalker International (US), Isolite Insulating Products Co., Ltd. (Japan), NUTEC (Mexico), Rath-Group (US), FibreCast, Inc. (US), Pyrotek (US), and CeramSource, Inc., (US). View a sample and decide: https://www.marketdataforecast.com/market-reports/ceramic-fiber-market/request-sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla

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