Industry and News Ceramic Fiber Market | Page 2

make ceramic fiber indispensable in the aerospace industry and will lead to its augmented adoption in the coming years. Ceramic fiber market is expected to witness substantial growth owing to increasing use in the iron & steel and petrochemical industry for insulation purpose. High thermal efficiency compared to substitutes and its rising use in high temperature applications are key market drivers responsible for the growth of ceramic fiber market. Growing use of ceramic fibers in end-use industries owing to characteristics such as lightweight, high thermal conductivity, thermal shock resistance, high temperature stability and high chemical resistance is expected to boost the ceramic fiber market in the coming years. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/ceramic-fiber-market Iron & steel are the largest consumers of ceramic fibers owing to high levels of thermal efficiency. In addition, growing use in ceramic industries as blankets, fibers, paper and boards is expected to propel the growth of ceramic fiber market during the forecast period. Based on type, the ceramic fiber market is segmented into refractory ceramic fiber (RCF), low bio-persistent fiber, polycrystalline fiber, and so on. Based on end product, the ceramic fiber market is segmented into bulk, blanket, board, paper, module, and textile and so on. Based on end-use industries, the ceramic fiber market is segmented into petrochemical industry, iron & steel industry, aluminum industry, ceramics industry, power generation industry, aerospace & defense industry and so on. The segment “petrochemical industry” dominated the market and accounted for more than 38% of the market share. Temperature insulation materials, like ceramic fiber support in conserving energy and reducing operational costs. Moreover, the evolution of coal gasification and shale gas production is also likely to increase the overall consumption of ceramic fibers in the petrochemical industry. Based on geography, the ceramic fiber industry is segmented into North America, Asia Pacific, Europe, Latin America and Middle East & Africa. The Asia Pacific region led the ceramic fiber industry and is expected to grow in the coming years. Factors such as the ongoing and upcoming activities in the energy, construction, automotive and industrial sectors in countries like India and