The global fireproof ceramics market is expected to reach USD 6.44 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for ceramic fibers in various applications including repair for furnaces; and insulation in power plants, thermal reactors and turbines is expected to drive market growth. The growth of these end-user industries is expected to further propel industry expansion. Fireproof ceramics were widely used in the iron & steel industry accounting for over 30% of the global value market share in 2014.The products are used mainly in the form of modules. Apart from these, ceramic fiber boards and textiles are also consumed widely in this industry. Rising production output of iron & steel due to high demand in its various end-use industries including automotive, construction, aviation and marine is expected to consequently fuel market growth.
http://www.grandviewresearch.com/industry-analysis/fireproof-market
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