Ceramic Fiber Market Size, Industry Analysis By 2018-2025

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Ceramic Fiber Market to Witness A Phenomenal
Growth over 2018 to 2025
Ceramic Fiber Market Size, Industry Analysis
Report, Regional Outlook (U.S., Canada, UK,
Germany, France, Italy, Russia, Spain, China,
India, Japan, Australia, Brazil, Mexico, GCC,
South Africa), Application Development Potential,
Price Trends, Competitive Market Share
Forecast, 2018 2025
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Global Market Scenario of Ceramic Fiber Market

• Global Ceramic Fiber Market size is expected to
  grow with a prominent CAGR by 2024. The
  thermal-efficient insulation demand from various
  industries including oil gas, iron steel,
  power generation, etc. shall drive the global
  ceramic fiber market.
• These fibers feature high levels of thermal
  efficiency and will have significant demand for
  their usage in the inner linings of several
  reheating furnaces at steel production plants.
• As per the World Steel Association, crude steel
  production in the world reached 1,630 million
  tons in 2016, rising from 1,252 million tons in
  2006.
• A growing profile of steel industry will propel
  the ceramic fiber market growth in the future
  years. Increasing use of these fibers in end-user
  industries for their features such as high
  thermal conductivity, lightweight, shock
  resistance, thermal stability, chemical
  resistance, etc. will have a positive impact on
  ceramic fiber market by 2024.
• Refractory ceramic fibers pose as a key
  substitute for asbestos due to their unique
  insulation features. These fibers feature low
  density, low thermal inertia control the
  temperature inside the reheating furnace and
  dissipate little heat from the furnace.
• Ceramic fiber market shall witness escalating
  demand in the industrial furnaces and kilns for
  their energy-saving characteristics in the near
  future.

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• Product Analysis-
• As per the product type, key products in ceramic
  fiber market include refractory ceramic fiber
  (RCF) and alkaline earth silicate (AES) and few
  others. Alkaline earth silicate segment is likely
  to observe growth at a faster pace on account of
  their unique characteristics and lower
  biopersistence (i.e. the length of time for which
  the fiber remains in the biological environment).
  AES ceramic fibers will have substantial demand
  for heat insulation for kitchen utensils for
  household appliances. These fibers also hold
  significant scope for providing fire protection
  in marine vessels over the forecast timespan.
• Regional Trends-
• The positive outlook exhibited by the
  construction and manufacturing sectors in Asia
  Pacific in the recent years present brighter
  aspects for ceramic fiber industry growth by
  2024. Modernization of the regional
  infrastructure will encourage the demand for
  lightweight insulation materials, which will
  drive the regional ceramic fiber industry by
  2024. China iron steel sectors have been
  witnessing a wider acceptance of these fibers to
  achieve an increased production efficiency.

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• Competitive Trends
• Global plastic processing machinery market share
  is highly competitive and significantly
  fragmented including key vendors such as Husky
  Injection Molding Systems, ARBURG, Milacron,
  Sumitomo Heavy Industries, Ltd., and Haitian
  International Holdings Ltd.

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