Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global Ceramic Fiber Paper Market.
The Global Ceramic Fiber Paper Market is estimated to be valued at $3,146.6 million by the end of 2027 and record a CAGR of 8.28% during the forecast period. The use of ceramic fiber paper for insulation purposes has become very popular nowadays due to its low thermal conductivity. The increasing infrastructure development and renovation activities across the world are significantly contributing to the growth of the global market.
According to MRFR analysis, the global ceramic fiber paper market has been segmented based on thickness type, application, and region.
By thickness type, the global ceramic fiber paper market has been categorized into 1mm, 2mm, 3mm, and others. Among them, the 3mm segment held the largest market share of over 25% in 2018 due to its widespread application in high thermal packaging and sealing, insulating hot automotive parts, and packaging of gas burners on account of its thickness.
By application, the global Fiber Intermediates market has been segmented into construction, aerospace, petrochemical, automotive, and others. Among these, the construction segment was the largest segment in 2018 due to the high demand for ceramic fiber paper as an insulation material to conserve the indoor building energy and comply with the regulatory standards. The segment is projected to register a CAGR of around 9% during the forecast period.
Geographically, the global ceramic fiber paper market has been divided into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, the Asia Pacific market was the dominant regional market, accounting for the largest share of around 38% in 2018 and is expected to register the highest CAGR during the forecast period. Asia-Pacific is followed by North America, which accounted for the second-largest share of the global ceramic fiber paper market in 2018. Europe followed North America, in terms of market size in 2018. The Middle East & Africa and Latin America held small shares of the global market.
Market Research Future (MRFR) recognizes the following companies as the key players in the global ceramic fiber paper market: Morgan Advanced Materials (UK), Rath-Group (Austria), Unifrax I LLC (US), Lydall, Inc (US), Thermostat Thermotech Co., Ltd (China), Great Lakes Textiles (US), Ibiden Co. Ltd (Japan), Yeso Insulating Products Company Limited (China), Grupo Nutec, SA (Mexico), and KT Refractories US Company (US).
Key Findings of the Study:
The Global Ceramic Fiber Paper Market is projected to register a CAGR of 8.28% to reach USD 803.0 million by the end of 2026.
On the basis of thickness type, the 3mm segment was valued at USD 117.3 million in 2018 and is expected to register a CAGR of over 7.5% during the forecast period.
Based on application, the construction segment is expected to reach USD 275.2 million by the end of 2026.
Asia-Pacific accounted for the largest market share of over 38% in 2018. The regional market was valued at USD 162 million in 2018 and is expected to exhibit a CAGR of over 9% during the forecast period.
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