Thermal Ceramics Market Overview
The thermal ceramics market size is estimated to grow at a CAGR of 4.5% by the end of the forecast period, reaching a value of USD 6 billion.
Thermal ceramics are widely used for high temperature insulation in high temperature industrial applications to reduce energy consumption and emissions. Increased demand for energy efficiency and carbon reduction is driving the thermal ceramics industry. Thermal ceramics such as Materials such as refractory ceramic fibers, polycrystalline ceramic fibers and insulating bricks are used extensively in chemical and petrochemical processing, cement making, power generation and metallurgy. Thermal ceramics help reduce heat loss, fire safety and energy consumption, enabling end-use industries to reduce operating and overall manufacturing costs. Due to the rapid urbanization, industrialization and increasing infrastructure construction, thermal ceramics are expected to be in high demand throughout the manufacturing, power generation and chemical industries.
Besides the Thermal Ceramics Market is expected to develop due to increased steel and aluminum production in response to increasing demand from the construction and automotive sectors. High demand for thermal ceramics is predicted for high temperature insulation applications. The availability and use of alternative products, on the other hand, is likely to be a stumbling block to market expansion.
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The main market players in the market are
- Morgan Advanced Materials PLC (Superwool fiber, Cera, Kaowool and Denka),
- Unifrax LLC (Fiberfrax Duraboard),
- Saving Materials Co.,Ltd. (Luyang energy),
- Ibiden Co. Ltd.,
- Isolite Insulation Products Co.Ltd,
- Nutec Fibratec (MaxWool),
- Fibercast Inc.,
- 3M and
- HIL Limited.
Based on the type, the market is segmented into Ceramic Fiber, Brick and Others
Based on end-use industry, the market is segmented into Chemical & Petrochemical, Metal & Metallurgy, Power Generation, Manufacturing, and Others.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Asia-Pacific accounted for the largest share of the thermal ceramics market. The rapid industrialization, urbanization and rising construction activity in the region are expected to drive the thermal ceramics market during the forecast period. India, China, Japan and Indonesia are likely to play a large role in expanding the market. In North America, the rise of the construction industry and the expanding vehicle manufacturing of the region are expected to drive the growth of the region during the forecast period.
Additionally, the region’s rising energy demand and increasing iron and steel production are expected to propel the thermal ceramics market. In Europe, in industries such as chemical and petrochemical, metal and metallurgy, and glass, increased efforts to save energy and reduce carbon footprint should boost demand for thermal ceramics. During the projected period, the thermal ceramics market is expected to grow due to improving economic prospects, increasing disposable income per capita and rising commodity prices in Latin America. The Middle East and Africa market is likely to be driven by increased investment in the energy and power sectors, as well as a shift in focus to the construction and manufacturing sectors to ensure economic diversification.
table of contents
2 Scope of the report
2.1 Market Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Desk Research
3.4 Estimation of Market Size
3.5 Forecast Model
4 Market Factor Analysis
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers of Thermoceramics
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
4.1.4 End User Industries
4.2 Porter’s Five Forces Model
4.2.1 Threat of New Entrants
4.2.2 Intensity of competitive rivalry
4.2.3 Threat of Substitutes
4.2.4 Bargaining Power of Suppliers
4.2.5 Bargaining Power of Buyers
4.3 Price Analysis
5 Market Dynamics of Global Thermal Ceramics Market
6. Global Thermal Ceramics Market by Type
6.2 Ceramic Fiber
6.2.1 Market Estimates and Forecasts, 2018-2027
6.2.2 Market Estimates and Forecasts by Regions, 2018-2027
6.3 Insulating bricks
6.3.1 Market Estimates and Forecasts, 2018-2027
6.3.2 Market Estimates and Forecasts by Regions, 2018-2027
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