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Rising demand for ceramic fiber in petrochemical industry and aerospace industries are some key factors driving global ceramic fiber market revenue growth
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Ceramic Fiber Market Size Worth USD 3.99 Billion in 2028 www.emergenresearch.com Market Size – USD 1.92 Billion in 2020, Market Growth – at a CAGR of 9.7%, Market Trends – Increasing demand for ceramic fiber in automotive industry
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Market Summary The global ceramic fiber market size reached USD 1.92 Billion in 2020 and is expected to register a revenue CAGR of 9.7%, during the forecast period, according to latest analysis by Emergen Research. Rising demand for ceramic fiber in petrochemicals aerospace industries are some of the major factors driving global ceramic fiber market revenue growth. Revenue growth of the market is also expected to be driven by increasing demand for ceramic fiber from the automotive industry. Ceramic fibers are utilized in the aerospace sector due to their high thermal stability, lightweight, high energy of ablation, electrical insulation, good corrosion resistance, chemical resistance, wear resistance, and capacity to endure vibrations. Ceramic-fiber reinforced composites are utilized in the production of engine parts, including turbine blends, compressor, and exhaust buckets, as well as aerospace rockets. www.emergenresearch.com
Market Summary Some Key Highlights From the Report Blanket segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing application of blankets in automotive and aerospace industries. Ceramic blankets are utilized as catalytic converter insulation in the automotive industry, as well as in aircraft and space vehicle engines. Alkaline Earth Silicate (AES) wool segment is expected to register a significantly robust revenue growth rate over the forecast period. AES wools are made of amorphous fibers that are formed by melting a mixture of MgO, CaO, and SiO2. AES wool products are typically utilized at temperatures exceeding 1,100°F (600 °C) in industrial equipment, fire prevention, and automotive exhaust systems. Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period due to increasing demand for ceramic fiber across various industries including petrochemicals, automotive, and power generation in countries in the region. Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/808 www.emergenresearch.com
Market Summary • Emergen Research has segmented the global ceramic fiber on the basis of product form, type, end-use, and region: • Product Form Outlook (Volume Tons, Revenue, USD Billion; 2018–2028) • Module • Paper • Blanket • Board • Others • Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028) • Refractory Ceramic Fibers (RCF) • Alkaline Earth Silicate (AES) Wool • Others • Read More@ https://www.emergenresearch.com/industry-report/ceramic-fiber-market
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