North America Ceramic Fiber Market Forecast 2017-2025
KEY FINDINGS The North America Ceramic Fiber market is estimated to grow at a CAGR of 8.06%, during the forecast period of 2017-2025. The market worth is also anticipated to reach $0.89 billion by the end of 2025. The energy conservation & emission reduction characteristics of ceramic fiber is the major driver for the market growth.
MARKET INSIGHTS The North America ceramic fiber market is segmented according to the type of end-users and the type of product. The end users include ceramics, aluminum, iron & steel, and power generation sector. The product type can be further categorized into the refractory ceramic fiber, low bio-persistent ceramic fiber, and polycrystalline ceramic fiber. The low bio-persistent ceramic fiber market is anticipated to be the fastest growing market during the forecast period. Thus the emerging applications in several industries and the rising demand for low bio-persistent ceramic fiber are presenting the market with plenty of growth opportunities.
COMPETITIVE INSIGHT The top players in the market include Unifrax Corporation, Yeso Insulating Products Co. Ltd, Thermost Themtech, Rath Inc, Simond Fibertech, Nutec Fibratec, Luyang Energy Saving Materials Co. Ltd, Morgan Thermal Ceramics, Isolite Insulating Products Co. Ltd, Ceramsource, Inc and Ibiden Co. Ltd.