Market
Overview:
Asia-Pacific,
North America, Europe, and Rest of World are the regions analyzed under the
scope of the report.
The emergence of China as a global manufacturing hub is one of the
major factors supporting the growth of the ceramic fiber paper market in
Asia-Pacific. China and India account for significant shares of the
manufacturing sector. Rapid industrialization combined with economic growth is
driving the growth of the regional market. However, there is a lack of
awareness regarding insulation through ceramic fiber paper in some countries in
the region. The market in Asia-Pacific was valued at USD 162.7 million in 2018
and the Indian market is expected to register the highest growth rate during
the forecast period.
The growth of the North
American market is driven by the growing renovation & construction,
expanding aerospace & defense and automotive industries in the region. The
US is projected to be the dominant market registering the highest CAGR of over
8% during the period, 2019–2026. As per MRFR analysis, the growing preference
for energy-efficient products and services is expected to drive the demand for
ceramic fiber paper in the region.
The European countries such as France, Spain, and Italy are likely
to showcase prominent growth in the coming years. The European Union has set
several regulations on carbon emissions influenced by rising awareness of
insulation and its benefits on energy-saving operations including in the
petrochemicals industry. The regional market is set to grow due to the
expansion of several industries such as real estate, aviation, and automotive.
The demand for ceramic fiber paper is likely to rise in South
America, especially in Brazil and Argentina in the coming years. Improving
economies in these countries has provided the scope for market players to
increase their presence in the region. However, the dependency on raw materials
in the Middle East & Africa is a key factor for the sluggish growth of the
regional market. The large-scale oil & gas extraction and production and
growing construction industry are expected to drive the demand for ceramic
fiber paper in the region. As per MRFR analysis, government initiatives to
boost the tourism industry is resulting in significant investments, are
expected to fuel the regional market growth during the forecast period.
Competitive Dashboard:
·
Morgan Advanced Materials
·
Rath-Group
·
Unifrax I LLC
·
Lydall, Inc
·
Thermostat Thermotech Co.,
Ltd
·
Great Lakes Textiles
·
Ibiden Co. Ltd
·
Yeso Insulating Products
Company Limited
·
Grupo Nutec, SA
·
KT Refractories US Company
Segmental Analysis:
The global ceramic fiber
paper market has been segmented by thickness type, application, and region.
Based on thickness type, the
global ceramic fiber paper market has been segmented into 1 mm, 2 mm, 3 mm, and
others.
By application, the global
ceramic fiber paper market has been categorized into construction, aerospace,
petrochemical, automotive, and others.
Get Complete Research Report “Ceramic Fiber Paper Market” @ https://www.marketresearchfuture.com/reports/ceramic-fiber-paper-market-8209
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