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Global Ceramic Fiber Market Estimated to Reach USD 3,8 Billion by 2016The ceramic fiber market is a key contributor to the industries including petrochemical, ceramic, iron and steel, aluminum and is predominantly used in the thermal insulation applications. The need for energy conservation, reduction in production cost, and emission reduction potential of ceramic fiber are key factors driving the demand for the ceramic fiber products. The global ceramic fiber market was worth USD 1,8 billion in 2010 and is estimated to reach USD 3,8 billion by 2016, growing at a CAGR of 13,4 % from 2011 to 2016. The refractory ceramic fiber and bio low persistent ceramic fiber segments are the key revenue generators for the ceramic fiber industry (10/2011). |
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