Lewes, DE -- (SBWIRE) -- 06/16/2016 -- Report forecast the global ceramic fiber market to grow at a CAGR of 10.76% during the period 2016-2020.

Ceramic fibers are popular in several end-user industries, including petrochemicals, iron and steel, ceramics, aluminum, and power generation because of their properties.

These properties include:

- Abrasion resistance
- Low shrinkage
- Thermal mechanical and insulation properties
- Non-hygroscopic properties
- Electrical properties

The report covers the present scenario and the growth prospects of the global ceramic fiber market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of medical devices required for thoracic surgeries.

The market is divided into the following segments based on fiber type:

- RCF
- Polycrystalline fiber
- Biopersistent fiber

According to the report, a key growth driver is the energy conserving properties of ceramic fiber. A considerable quantity of heat is wasted in industrial plants due to low maintenance or inadequate insulation. Appropriately installed and designed insulation systems will reduce energy use. The benefits of insulation include improved productivity, enhanced environmental quality, and enormous cost savings. Insulation can help maintain process temperature at a predetermined range by reducing heat gain or loss.

Further, the report states that one challenge that could restrict market growth is the threat of substitutes. Several industries are looking at alternative materials due to the hazardous properties of ceramic fibers.

Global Ceramic Fiber Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global ceramic fiber market: IBIDEN, Isolite Insulating Products, Morgan Advanced Materials, and Unifrax.

Other Prominent Vendors in the market are: General Insulation, Luyang Energy-Saving Materials, Nutec Fibratec, THERMOST THERMTECH, and Yeso Insulating Products.

Market driver
- Energy conservation properties of ceramic fiber
- For a full, detailed list, view our report

Market challenge
- Hazards associated with refractory ceramic fiber
- For a full, detailed list, view our report

Market trend
- Emerging applications for ceramic matrix composites (CMCs)
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 79 pages and 44 Exhibit "Global Ceramic Fiber Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type, Market segmentation by end user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-ceramic-fiber-market-2016-2020

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