The global ceramic fiber market amounted to 1.55 billion U.S. dollars in 2018 and is expected to grow at a CAGR of 8.4 percent during the forecast period from 2019 to 2027, to amount to 3.15 billion U.S. dollars by 2027. Asia Pacific is the fastest-growing region in the global ceramic fiber market. Increasing industrialization and urbanization are some of the critical factors that are boosting the global ceramic fiber market. As industrialization and urbanization are increasing, the power generation industry is estimated to grow in the Asia Pacific region, which further increases the demand for ceramic fibers. The growing steel and iron industry in India also propels the demand for ceramic fibers.
Market value of ceramic fibers worldwide from 2018 to 2027 (in million U.S. dollars)
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The Insight Partners. (October 21, 2019). Market value of ceramic fibers worldwide from 2018 to 2027 (in million U.S. dollars) [Graph]. In Statista. Retrieved May 21, 2024, from https://www.statista.com/statistics/1069806/global-ceramic-fiber-market-size/
The Insight Partners. "Market value of ceramic fibers worldwide from 2018 to 2027 (in million U.S. dollars)." Chart. October 21, 2019. Statista. Accessed May 21, 2024. https://www.statista.com/statistics/1069806/global-ceramic-fiber-market-size/
The Insight Partners. (2019). Market value of ceramic fibers worldwide from 2018 to 2027 (in million U.S. dollars). Statista. Statista Inc.. Accessed: May 21, 2024. https://www.statista.com/statistics/1069806/global-ceramic-fiber-market-size/
The Insight Partners. "Market Value of Ceramic Fibers Worldwide from 2018 to 2027 (in Million U.S. Dollars)." Statista, Statista Inc., 21 Oct 2019, https://www.statista.com/statistics/1069806/global-ceramic-fiber-market-size/
The Insight Partners, Market value of ceramic fibers worldwide from 2018 to 2027 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1069806/global-ceramic-fiber-market-size/ (last visited May 21, 2024)
Market value of ceramic fibers worldwide from 2018 to 2027 (in million U.S. dollars) [Graph], The Insight Partners, October 21, 2019. [Online]. Available: https://www.statista.com/statistics/1069806/global-ceramic-fiber-market-size/