The global ceramic fiber market is estimated at USD 1.63 billion in 2017 and is projected to reach USD 2.59 billion by 2022, at a CAGR of 9.8% from 2017 to 2022
NEW YORK, May 24, 2018 /PRNewswire/ -- The global ceramic fiber market is estimated at USD 1.63 billion in 2017 and is projected to reach USD 2.59 billion by 2022, at a CAGR of 9.8% from 2017 to 2022.
- NEW YORK, May 24, 2018 /PRNewswire/ -- The global ceramic fiber market is estimated at USD 1.63 billion in 2017 and is projected to reach USD 2.59 billion by 2022, at a CAGR of 9.8% from 2017 to 2022.
- Growth of the market is driven by the high thermal efficiency of ceramic fiber products as compared to conventional insulation materials.
- Based on type, RCF is estimated to account for the largest share of the global ceramic fiber market in 2017.
- Based on product form, the ceramic fiber blanket is estimated to account for the largest share of the global ceramic fiber market in 2017.