Ceramic Fiber Market Size, Forecast and Outlook (2024-2031)
Global Ceramic Fiber Market reached US$ 2.2 billion in 2023 and is expected to reach US$ 4.3 billion by 2031, growing with a CAGR of 8.8% during the forecast period 2024-2031.
The construction sector is expanding rapidly globally due to factors such as population increase, urbanization and infrastructure development projects in developing nations. In the construction industry, ceramic fibers are widely used for thermal insulation in industrial facilities, HVAC systems and structures.