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Monday, September 10, 2018

Ceramic Fiber Market Overview, Growth Opportunities, Market Demands and Industry Analysis Forecast to 2023

The global ceramic fiber market is mainly driven by the increasing use of the fiber for meeting insulation needs in industries such as iron, steel, aluminum, power, glass, and petrochemical. This can be attributed to the advantageous properties of the material, such as lightweight, heat shock and chemical resistance, and high temperature stability.
Ceramic fiber can be defined as a refractory material or substance with great heat resistance. It is made of aluminum silicate, which is mainly composed of polycrystalline fibers and molten glass. The material facilitates easy application and demonstrates excellent insulation properties.
Based on type, the ceramic fiber market is categorized into refractory ceramic fiber (RCF), alkaline earth silicate (AES) wool, and others. The market for AES wool is witnessing significant growth owing to the low bio-persistence and numerous heat insulation applications of the material.
Based on product form, the ceramic fiber market is categorized into blanket, module, board, paper, and others. The module category is expected to witness significant market growth in the coming years on account of the versatility and functionality of the material at a wide range of temperatures.
Based on end user, the ceramic fiber market is categorized into energy and power; iron and steel; refining and petrochemical; textile; paper and pulp; and others. The refining and petrochemical industry is anticipated to boost the market growth in the coming years, owing to the wide usage of the material in fluid catalytic cracking units (FCCUs), boilers, and fired heaters, for meeting energy requirements.

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