Global Ceramic Fiber Market is Projected to Reach USD 5.00 Billion by 2020

Date: 2016-01-28

The global ceramic fiber market is projected to register a CAGR of 9.4% for the forecast period to reach USD 5.00 Billion by 2020. In this study, 2014 has been considered as the base year, and 2015–2020 as forecast years for estimating the market size. The global ceramic fiber market is segmented on the basis of type, end product, end-use industry, and region.

Both, top-down and bottom-up approaches have been used to estimate and validate the market size of ceramic fibers. Data have been gathered through secondary as well as primary research. Secondary research involves study of free and paid information available over the Internet. Primary research involves collecting and verifying information from key opinion leaders (KOLs) through telephonic interviews and mails. KOLs are industry experts representing manufacturers, distributors, raw material suppliers, technology suppliers, and independent consultants.

The ceramic fiber ecosystem comprises sourcing of silicon dioxide (SiO2) and aluminum oxide (Al2O3), the basic raw materials used for ceramic fiber production. The basic ceramic fiber which is manufactured by the above-mentioned raw materials is bulk from which other products are being made. So, bulk is the basic raw material for manufacturing other ceramic fiber products manufactured by players such as Morgan Thermal Ceramics (U.K.) and Unifrax Corp. (U.S.). Different varieties of ceramic fiber end products are made from bulk, which include ceramic fiber board, module, paper, and other textile-related products. The requirement of these products depends on their usage and conditions in which they have to operate, such as optimum temperature, robustness, rigidness, availability of space and depending on the kind of ceramic fiber required, RCF, bio soluble fiber, and polycrystalline. The products are distributed through various channels to end users.

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