Global Ceramic Fiber Market 2016-2020 is new report adds on RnRMarketResearch.com. The analysts forecast global ceramic fiber market to grow at a CAGR of 10.76% during the period 2016-2020.
Complete report available at http://www.rnrmarketresearch.com/global-ceramic-fiber-market-2016-2020-market-report.html .
One trend that will propel the growth of the ceramic fiber market is the rise in application for ceramic matrix composites (CMC). Most jet engines and components are made of metals such as steel and nickel alloys. These alloys require dedicated cooling air, decreasing the engine airflow and reducing efficiency. Therefore, alternatives to these metals are being sought.
CMCs consist of ceramic fibers embedded in a ceramic matrix. Apart from ceramics, the matrix can also be embedded with carbon and carbon fibers. These matrix materials are a breakthrough in the development of technology for jet engines and can be used to replace certain metal components in the engine sections that are exposed to high temperatures.
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.
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The report, 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.
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.
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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.
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.
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