MarketReports Ceramic Fiber Market Size Analysis, Segmentation, | Page 2

growing segment in the ceramic fiber market with massive revenue generation in the last few years. Low bio-persistent fiber market segment has also witnessed substantial growth, in the recent years, due to stringent rules & regulation regarding excessive use of refractory ceramic fiber (RCF), majorly in European and North American region. However, factors such as environmental hazards due to excessive use and durability are limiting market growth of the refractory ceramic fiber (RCF) segment to large extent. Increasing demand from energy & power industry, petroleum & petrochemicals, textile, manufacturing and paper & pulp sector are expected to fuel market expansion over the upcoming years. Growing number of application in petroleum & petrochemicals, industry is anticipated to favor the growth of ceramics fiber market in the near future. Some of common application of the ceramics fiber in petroleum & petrochemicals industry include fluid catalytic cracking units, boilers, and fired heaters in the petroleum industry. The robust growth of the petroleum & petrochemicals industry is attributed massive demand from end-user industries such as construction sector, electronics sector, healthcare industry, transportation sector and consumer goods. This leads to large-scale supply and demand for ceramic fiber products across the globe. The market is broadly categorized into five major segments based on end-user application such as petrochemicals industry, paper & pulp sector, textile industry and energy & power sector. Some of the typical application of the ceramic fibers include high temperature insulation seals and gaskets, protective blankets, curtains, covers, pads and wrapping. The ceramic fibers are also used in expansion joint fabric and safety clothing. The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in manufacturing synthetic fibers, recent activities in shale exploration, and existence of well-established industrial infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the ceramic fiber market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, ever-growing population, improving standards of living, and significant investment by leading industry players considering potential growth opportunities in the region. Get a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/ceramic-fiber-market- outlook/request-sample The key players in the ceramic fiber market are Unifrax Co., IBIDEN Co., Ltd., Moran thermal Ceramics Ltd., Isolite Insulating Products Co., Ltd., Shandong Luyang Share Co., Ltd., Thermost Thermotech Co., Ltd., Rath Inc., Nutec Fibratec S.A., General Insulation Europe Ltd., and Yeso Insulating Products Co., Ltd. Market Segment: Key Regions • North America • Europe • Asia Pacific