Ceramic Fiber Market Top Players, Global Trends, BusinessOpportunities, and Industry Forecast till 2023
“High-end demand for ceramic fibers in various end-user industries is attributed to superior properties of ceramic fibers such as lightweight, compact size, high thermal conductivity, thermal shock resistance, resistance to chemical and adverse atmospheric conditions. These factors are expected to boost market demand for fiber ceramics over the forecast period.�
The Ceramic Fiber Market is subject to witness a substantial growth due to the soaring demand from the iron & steel industry and petrochemical industry, and increasing application in insulation segment. Ceramic fiber offers high thermal efficiency in comparison with its counterparts are largely used in the high temperature applications. Globally, the ceramic fiber market is predicted to generate massive revenue in the forecast period, providing numerous opportunities for market players to invest for research and development in the ceramic fiber market. High-end demand for ceramic fibers in various end-user industries is attributed to superior properties of ceramic fibers such as lightweight, compact size, high thermal conductivity, thermal shock resistance, resistance to chemical and adverse atmospheric conditions. These factors are expected to boost market demand for fiber ceramics over the forecast period. Iron & steel industry is considered the largest in consummation of ceramic fibers in high levels for better thermal efficiency. Furthermore, fiber ceramics are widely used in manufacturing of blankets, fibers, paper and boards, thereby propelling market growth, in the recent years. Ceramic fibers are categorized into three major segments based on product type such as refractory ceramic fiber (RCF), polycrystalline fiber and low bio-persistent fiber. The refractory ceramic fiber (RCF) is considered