The Global [FURL=https://www.industryarc.com/Report/16458/ceramic-textile-market.html]Ceramic Textile Market[/FURL] size is forecast to reach around $200 million by 2025, after growing at a CAGR of 8% during 2020-2025. The demand for Ceramic Textile is growing due to its superior mechanical properties that meet today’s most demanding thermal, mechanical, and electrical performance requirements across various applications. The ceramic offers various benefits such as reduced optical loss, better durability, and improved reliability, that makes it as a useful product across defence, automotive, and electric and electronics sectors. Key Takeaways
In Asia-Pacific region, China and India are the major emerging market for the Ceramic Textile owing to growing industrialization and developing aviation sector.
In comparison with the resin optical materials, Ceramic Textile are stronger, harder, more resistant to corrosion, and high temperature can be used in extremely severe conditions. These properties are likely to aid in the growth of global Ceramic Textile market industry.
The high cost of the Ceramic Textile is hampering the growth of Ceramic Textile market share during the forecast period.
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Ceramic Textile Market Segment Analysis - By Geography
Among the regions, the APAC holds the largest share of more than 35% in the global Ceramic Textile market in 2019 followed by North America and Europe. The growing demand from electronics and aviation industries across China and India is fueling the growth of this market in the APAC region. In electrical and electronic industry, the ceramics textiles are used to fabricate electrical and electronic components such as insulators, igniters, and heating elements. Furthermore, the growing consumer and e-commerce sectors is also contributing for the growth of Ceramic Textile market share across the APAC region.
Ceramic Textile Market Drivers
Surging demand across various end-use industries
Growing uses in space shuttle and race cars
Ceramic Textile Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Ceramic Textile market report. In 2019, the market of Ceramic Textile top 10 companies accounting for xx% of the share. Major players in the Ceramic Textile industry outlook are Mineral Seal Corporation, Morgan Advanced Materials Corporation, Rath Inc., Rauschert Steinbach GmbH, Ibiden Co. Ltd., Luyang Energy-Saving Materials Co., Ltd., Isolite Insulating Products Co., Ltd., Kyocera Corporation, 3M, Textum Weaving Inc., Unifrax Corporation, and Zircar Zirconia, Inc., among others.
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