Key Companies Covered in the thermal ceramics Research are CeramTec, Dyson Technical Ceramics, FibreCast Inc., Ibiden Co., Ltd., Isolite Insulating Products Co., Ltd., Mitsubishi Chemical Corporation, Morgan Advanced Materials, RHI Magnesita, the 3M Company, and Unifrax. and other key market players.
The thermal ceramics market was valued at $3.8 billion in 2019, and is anticipated to generate $5.5 billion by 2030. The market is projected to experience growth at a CAGR of 4.7% from 2022 to 2030.
Thermal ceramics offer low thermal conductivity. They are quick & easy in installation and offer cost-cutting & maintenance ease. Thermal ceramics are suitable for use in high temperature applications as they have chemical stability. They have high corrosion resistance and great sound absorbency. Moreover, resistance toward most of the alkaline and acid also offers great benefits.
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Thermal ceramics find application in the steel industry where they are used for hot face lining in heat treatment surfaces. Moreover, they are also used as backup furnace insulation. Similarly, in non-ferrous applications, thermal ceramics are used in melting furnace lining. In addition, for oil & gas industry applications, thermal ceramics are utilized in boilers & heating centers, reactors & crackers, burner insulation, and others.
Thermal ceramics are largely in demand from the energy industry, owing to growth in solar energy generation. They are used in solar panels in combination with photovoltaic for efficient energy production. Such application of thermal ceramics in the power generation industry acts as a driving factor for the thermal ceramics market growth. Moreover, increase in building & construction activities in the Asia-Pacific region also fosters the demand for thermal ceramics, thereby driving the thermal ceramics market growth. In addition, rising application in the chemical industry, especially in Asia-Pacific, acts as a major driving factor for the thermal ceramics market growth. However, carcinogenic nature of the ceramics acts as restraint for the market growth. Thermal ceramics are carcinogenic in nature as sufficient studies and data (experimented on animals) present the effects of ceramic fabrics and potential causes of cancer in humans. Moreover, several environmental concerns regarding the refractories also negatively impact the thermal ceramics market growth. However, development of low bio-persistent materials and recycling in refractories offer lucrative opportunities for the industry growth.
The thermal ceramics market is divided based on type, end-use industry, and region. Depending on type, the market is bifurcated into ceramic fabrics and insulation bricks. Based on end-use industry, it is classified into mining & metal processing, chemicals & petrochemicals, construction, manufacturing, power generation, aerospace, and others (maritime & land transport). Region-wise, the thermal ceramics market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
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The companies have focused on various strategies, such as new product launches, partnerships, acquisitions, and mergers, for retaining their existing customer base and further increasing their market share.
Key benefits for stakeholders – The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the thermal ceramics market from 2019 to 2027 to determine the prevailing opportunities. – The report provides comprehensive analysis of factors that drive and restrict the thermal ceramics market growth. – The thermal ceramics market forecast and estimations are based on factors impacting the market growth in terms of value. – Profiles of leading players operating in the thermal ceramics market are provided to understand the global competitive scenario. – The report provides extensive qualitative insights on significant segments and regions exhibiting the favorable market share.
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Key market segments By Type – Ceramic Fabrics – Insulation Bricks By End-Use Industry – Mining & Metal Processing – Chemicals & Petrochemicals – Construction – Manufacturing – Power Generation – Aerospace – Others By Region ? North America – U.S. – Canada – Mexico ? Europe – Germany – France – UK – Italy – Spain – Rest of Europe ? Asia-Pacific – China – Japan – India – South Korea – Australia – Rest of Asia-Pacific ? LAMEA – Brazil – Saudi Arabia – South Africa – Rest of LAMEA
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