Thermal Ceramics Market Insights
The global thermal ceramics market is expected to grow at a significant CAGR during the forecast period. This growth is mainly attributed to rising demand for thermal ceramics by the end-user industries such as manufacturing, mining & metal processing and chemical & petrochemical. Accordingly, properties of thermal ceramics such as robustness, corrosion resistance, low thermal expansion and superior temperature stability are likely to stimulate market growth.
Moreover, growing automotive and medical industries in the Asia-Pacific region coupled with increasing R&D expenditure by key players is also expected to augment growth over the coming years.
However, factors such as stringent environmental and safety regulations against the use of the product in various industries are projected to affect the profitability of the industry.
Thermal Ceramics Market: Type Insights
Thermal Ceramics Market: Type Insights
On the basis of type, the industry is segmented into Ceramic Fibers and Insulation Bricks. Ceramic fibers include vitreous alumina-silica, low bio-persistent and polycrystalline, and insulation bricks are segregated into acidic, neutral and basic refractory bricks. The market for ceramic fibers is expected to occupy the highest market share in terms of revenue owing to its properties such as low density, low thermal conductivity, superior temperature control, chemical stability, flexibility and light weightiness among others.
Furthermore, under the ceramic fibers segment, the bio persistent fibers are expected to deliver a healthy CAGR owing to their environment-friendly nature.
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Thermal Ceramics Market: Temperature Range Insights
On the basis of the temperature range, the market is segmented into 650–1,000°C, 1,000–1,400°C and 1,400–1,600°C. Out of these, 1,000–1,400°C segment is anticipated to record the highest growth during the forecast period owing to its rising application in high-temperature filtration, aluminum distributor pan linings, process heaters, high-temperature gaskets and seals, thermal oxidizers and back up lining for metal troughs.
Thermal Ceramics Market: End User Insights
Thermal Ceramics finds applications in mining & metal processing, chemical & petrochemical, manufacturing and power generation segment among others. The mining & metal segment is anticipated to dominate the market over the forecast period owing to growing demand for the product in production and processing of metals such as iron, aluminum, steel and so on. Increasing production of mining is expected to stimulate the market for furnaces, kilns, and other high-temperature insulation applications.
Thermal Ceramics Market: Regional Insights
Asia Pacific is estimated to dominate the market for thermal ceramics during the forecast period. This growth can be attributed to increasing chemical & petrochemical industries in this region. Demand for thermal ceramic is expected to rise from countries such as China, Thailand, Indonesia and India wherein a rise in investment in chemical industry is anticipated to stimulate market growth.
Thermal Ceramics Market: End-Use Landscape
Thermal Ceramics Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase thermal ceramics over the coming years. Some leading consumers of thermal ceramics are BASF Glencore, Rio Tinto, Sinopec, DuPont, and ExxonMobil among others.
Thermal Ceramics Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Thermal Ceramics Market Share & Competitor Analysis
Some of the players operating in the global thermal ceramics market include Luyang Energy-Saving Materials, Morgan Thermal Ceramics, Isolite Insulating Products, IBIDEN, RHI Magnesita, Rath, 3M, Mitsubishi Chemical Corporation, YESO Insulating Products and Unifrax among others.
In June 2018, Hotfoil-EHS, Inc. announced opening of their UK facility in Birmingham, England. This new facility in Birmingham is expected to provide a large local inventory of ceramic heaters, recorders, power consoles, and a line of accessories used for heat treatment.
In June 2018, TWI announced completing a project on the development of ThermaSiC coatings, a new product from Seram Coatings, Norway. The coatings are expected to offer significant potential in a number of applications across a wide range of industry sectors.
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