According to the latest report by IMARC Group, titled “Thermal Ceramics Market:Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The global thermal ceramics market reached a value of US$ 4.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2027, exhibiting at a CAGR of 4.7% during 2022-2027.
Thermal ceramics, or ultra-high temperature ceramics (UHTCs), are advanced materials used for insulating and maintaining thermal temperatures in refractories. They are used forthe industrial processing of metals, cement, petrochemicals and glass. Thermal ceramics are manufactured by blending multiple insulation products, such as cerablanket, kaowool and low persistent materials. They offer high temperature and shock resistance, thermal insulation and thermal expansion. As a result, they are widely used across various industries, such as construction, manufacturing, aerospace, manufacturing, power and chemical.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Thermal Ceramics Market Trends:
The global thermal ceramics market is primarily being driven by the widespread product adoption in the construction industry. These ceramics are widely used while building industrial spaces, homes and commercial enclosures with enhanced thermal insulation. Moreover, the development of low bio-persistent materials is providing a thrust to the market growth. These materials are extensivelyused in passive fire protection systems, domestic appliances and automotive exhaustsystems. Other factors, includingthe widespread product adoption for the manufacturing of lightweight aircraft, along with increasing number ofongoing infrastructural development projects, especially in the developing economies, are creating a positive outlook for the market.
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Thermal Ceramics Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
3M Company, CeramTec GmbH, Dyson Technical Ceramics Ltd., FibreCast Inc., Ibiden Co. Ltd., Mitsubishi Chemical Holdings Corporation, Morgan Advanced Materials, Rath Group, Rauschert GmbH, RHI Magnesita GmbH, Shinagawa Refractories Co. Ltd. , Unifrax and YESO Insulating Products Co. Ltd.
The report has segmented the market on the basis on type, temperature range and end use industry.
Breakup by Type:
- Ceramic Fabrics
- Insulation Bricks
Breakup by Temperature Range:
- 650-1000 Celsius
- 1000-1400 Celsius
- 1400-1600 Celsius
- Above 1600 Celsius
Breakup by End Use Industry:
- Mining and Metal Processing
- Chemicals and Petrochemicals
- Construction
- Manufacturing
- Power Generation
- Aerospace
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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