(MENAFN- GetNews) The global Thermal Ceramics market is forecast to reach USD 7,274.3 Million by 2028, according to a new report by Reports and Data.
Rapid industrialization and the growing need for energy saving in the mining and metal processing industries are the drivers for the growth of the market.
Market Size USD 3,998.8 Million in 2020, Market Growth - CAGR of 7.70%, Market Trends High demand from developing nations.
The global Thermal Ceramics market is forecast to reach USD 7,274.3 Million by 2028, according to a new report by Reports and Data. They are used as insulation materials, due to their ability to withstand high temperatures, and are used for coating kilns and furnaces. Thermal ceramic products often exist in the form of blankets, boards, felts, loose fibers, vacuum molded or molded forms, paper, and textiles. Their lightness, resistance to thermal shock, and their solidity make them useful in many industries. Modern technologies make it possible to produce highly porous foam ceramics, intended for use in blast furnaces as insulation and are energy-efficient. These products substantially reduce energy consumption and emissions in a variety of high-temperature processing applications.
The growing needs for energy savings and the rapid industrialization of emerging economies are the main growth drivers identified in the market. Due to growing environmental concerns, the governments of various countries are moving towards sustainable development. To achieve this, governments have advised manufacturers to also use environmentally friendly materials in their buildings and other applications.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Thermal Ceramics Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market.
Key findings of the report:
The ceramic fiber segment has dominated the market and is expected to grow at a fast pace. Insulating bricks are mainly used in glass industries, ceramic industries, aluminum smelting industries, iron and steel industries, non-ferrous metal industries, and industries of electricity production.
They are used in fire doors, insulation of furnaces, individual heat resistant containers, and for heating pipes, in situations of direct exposure to flames, as joints to maintain or maintain in deviation from high temperatures.
Thermal ceramics used for a temperature range of 1,000 to 1,400 °Celsius represented a significant market share.
The mining and metal processing segment accounted for a significant market share due to intensive use in the processing of ferrous and non-ferrous metals.
In the metallurgical industry, they can be used for burner blocks, covers, curtains, emission control, furnace linings, gaskets, expansion joints, hot gas filtration, insulation, mold linings, and nozzle fairings.
In the chemical and petrochemical industries, they are used for sound insulation, boilers, recovery of catalysts, fire protection, torches, filtration of hot gases, protection of personnel/equipment, joints, insulation, and others.
The manufacturing segment is expected to experience the fastest growth due to the automotive industry, mainly electric cars. In the production of electricity, they are used for thermal oxidizers, waste incineration, boilers, protection of personnel/equipment, polycrystalline silicon reactors, and others.
Asia-Pacific is expected to experience significant growth due to the growth of the metal processing industry, the automotive industry, and the construction sector in China.
Key participants include 3M, Ibiden, Mitsubishi Chemical Corporation, Yeso Insulating Products, Morgan Advanced Materials, Isolite Insulating Products, Luyang Energy-Saving Materials, Unifrax, Bnz Materials, and RHI Magnesita N.V., among others.
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For the purpose of this study, the global Thermal Ceramics market has been segmented on the basis of disease type, application, distribution channel, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Temperature Outlook (Revenue, USD Billion; 2018-2028)
650 1000 °Celsius
1000 1400 °Celsius
1400 1600 °Celsius
Above 1600 °Celsius
End-Use Industry Outlook (Revenue, USD Billion; 2018-2028)
Chemical and Petrochemical
Mining and Metal Processing
By Region (Revenue, USD Million; 2017-2027)
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 2028
Chapter 3. Indicative Metrics
Chapter 4. Thermal Ceramics Market Segmentation & Impact Analysis
4.1. Thermal Ceramics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market Indicators Analysis
4.2.2. Market Drivers Analysis
188.8.131.52. Rapid Infrastructural Growth In Emerging Economies
184.108.40.206. Increasing Demand For Energy-Efficient Equipment
220.127.116.11. High Growth Potential In Non-Metallic Minerals
4.2.3. Market Restraints Analysis
18.104.22.168. Carcinogenic Content In Ceramic Fibers
22.214.171.124. Environmental Regulations
126.96.36.199. Inefficient Supply Chain Logistics
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
Chapter 5. Thermal Ceramics Market By Type Insights & Trends
5.1. Type Dynamics & Market Share, 2021 & 2028
5.2. Ceramic Fibers
5.2.1. Market estimates and forecast, 2018 2028, (USD Million)
5.2.2. Market estimates and forecast, By Region, 2018 2028, (USD Million)
5.3. Insulating Firebricks
5.3.1. Market estimates and forecast, 2018 2028, (USD Million)
5.3.2. Market estimates and forecast, By Region, 2018 2028, (USD Million)
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