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.
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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 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 Market 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.
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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.
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Note: Our Team of researchers are
studying Covid-19 and its impact on Various industry Verticals and wherever
required we will be considering Covid-19 footprints for a better analysis of
markets and industries. Cordially get in touch for more details.
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