Asia Pacific Ceramic Fiber Market Forecast 2017-2025
KEY FINDINGS The Asia Pacific’s Ceramic Fiber market was valued $2.13 billion in 2016 and is anticipated to reach $5.49 billion by 2025, growing at an estimated CAGR of 11.05%, during the forecast period 2017-2025. The Asia Pacific region currently rules the ceramic fiber market with high production output as compared to the other regions.
MARKET INSIGHTS The production of ceramic fiber in Asia Pacific was estimated to be 1.62 million tons in 2016. It is expected to grow at a CAGR of 11.61% from 2016 to 2025 and reach approximately 4.37 million tons. The market is segmented on the basis of product type and end-user. The product type includes refractory ceramic fiber, low bio-persistent ceramic fiber, and polycrystalline ceramic fiber. The refractory ceramic fiber is currently leading the market. The end-user include petrochemicals, ceramics, aluminum, iron & steel, power generation sector etc.
COMPETITIVE INSIGHTS Some of the top companies in the market are Ibiden Co. Ltd., Ceramsource, Inc, Isolite Insulating Products Co. Ltd., Morgan Thermal Ceramics, Luyang Energy Saving Materials Co. Ltd., Nutec Fibratec, Rath Inc., Thermost Themtech, Simond Fibertech, and Unifrax Corporation.