New York City, NY, 31 March, 2020/ 24 Market Reports: It is estimated for the ceramic textile market to grow at a CAGR of 9.98% from USD 74.5 Million in 2015, during the forecast period of 2016 to 2021. A high number of emerging application industries, such as aerospace and alternate energy is driving the growth of the market during the forecast period.
Refractory ceramic fibre (RCF) to grow at the highest rate in the market during the forecast period
Refractory ceramic fibre (RCF) to grow at the highest rate in the market during the forecast period. RCF is a versatile material. It can be spun or blown into bulk, air-laid into a blanket, folded into modules, converted into papers, boards, and shapes, die-cut into gaskets, twisted into yarns, woven into rope and cloth, and blended into liquid binders for mastics and cement. It is lightweight and has low thermal conductivities, excellent resistance to thermal shock, outstanding electrical resistivity, excellent insulating properties, superior corrosion resistance, and good acoustical properties.
The industrial end-use industry is dominating the global market during the forecast period
The industrial end-use industry is dominating the global market during the forecast period. The segment is growing at the highest CAGR in the market. The growing petrochemical, steel, and aluminium end-use industries in the global market are driving the segment. High demand for end products from industries such as iron & steel, aluminium, petrochemicals, and others are driving the production of ceramic fibres.
Asia Pacific region to lead the market during the forecast period
Asia Pacific region to lead the market during the forecast period. Infrastructural growth in Asia-Pacific and increasing industrialization are driving the growth of the market. Large transportation projects are also the reason for the growth in the global market during the forecast period.
