Thermal Ceramics Market
Global Thermal Ceramics Market to surpass USD 8.2 billion by 2030 from USD 4.5 billion in 2020 at a CAGR of 5.4% in the coming years, i.e., 2021-30.
The global thermal ceramics market’s expansion is mostly dependent on advancements in the building industry. The requirement to construct thermally insulated areas can only be satisfied by using thermal ceramics such as insulation bricks or ceramic fibers, which is driving market demand. The use of thermal ceramics in mining and metal processing has also played a significant role in market growth in the past and is expected to continue to do so in the future.
Thermal ceramics have also been used extensively in the chemical sector for both testing and the production of critical products. The carcinogenic quality of ceramic fibres is a critical problem limiting the expansion of the thermal ceramics business. Various countries have enacted strict laws regarding the use of ceramic fibres and workplace exposure to alumina and silica.
Global Thermal Ceramics market is expected to project a notable CAGR of 5.4% in 2030.
Over the projection period, large-scale uses of the product in process heaters, ceramic kilns, and high-temperature filtration products are predicted to fuel business expansion. Thermal ceramic is also employed in a variety of industries because of its small weight, minimal heat conduction, increased flexibility, and wide temperature range. The substance appears to have a wide range of applications in glass, petrochemicals, aluminum, and ceramics.
Global Thermal Ceramics Market: Segments
Ceramic segment to grow with the highest CAGR during 2020-30
Global Thermal Ceramics market is segmented by type into Ceramic fabric and insulation brick. Ceramic segment held the largest market share in the year 2020. Due to increased use in sealing and filtering applications in the steel, chemical, oil & gas, aluminum, glass, transportation, and other sectors, the ceramic textiles segment dominated the market in 2020 and is expected to rise at a faster rate over the forecast period.
Mining & metal segment to grow with the highest CAGR during 2020-30
Global Thermal Ceramics market is divided by end-user into Mining & metal processing, chemicals & petrochemicals, construction, manufacturing, power generation, aerospace, and Others. In 2020, the Mining & metal sector is expected to lead the global market in terms of value, based on industry. Due to the strong thermal insulation capabilities of thermal ceramics, the mining and metal processing segment dominated the market in 2020. However, due to increased applications in high-growth industries such as cement, glass, refractory, ceramic, transportation, and electronics & electrical, the manufacturing category is predicted to rise at a faster rate over the projection period.
Increased demand for energy efficiency and reduction of heat loss
Thermal ceramics are commonly used for high-temperature insulation in high-temperature industrial applications to reduce energy consumption and emissions. The increased demand for energy efficiency and carbon reduction is propelling the thermal ceramic industry forward. Thermal ceramics, such as refractory ceramic fibers, polycrystalline ceramic fibres, and insulating bricks, are widely utilized in chemical and petrochemical processing, cement production, power generation, and metallurgy. Thermal ceramics aid in the reduction of heat loss, fire prevention, and energy consumption, allowing end-use industries to lower operating and total manufacturing costs.
High demand through manufacturing and automobile
Thermal ceramics are predicted to be in high demand throughout the manufacturing, power generation, and chemical industries as a result of rapid urbanisation, industrialization, and increased infrastructure construction. Furthermore, the thermal ceramics market is predicted to develop due to increased steel and aluminum production in response to rising demand from the construction and automotive sectors. For high-temperature insulation applications, thermal ceramics are projected to be in great demand.
Global Thermal Ceramics Market: Key Players
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
CeramTec TopCo GmbH
Dyson Technical Ceramics Limited
Ibiden Co., Ltd.
ISOLITE INSULATING PRODUCTS CO., LTD.
MITSUBISHI CHEMICAL HOLDINGS
MORGAN ADVANCED MATERIALS PLC
RHI Magnesita GmbH
Other Prominent Players
Global Thermal Ceramics Market: Regions
Global Thermal Ceramics market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Because of the existence of significant firms in the automotive and chemical sectors, North America led the market in 2020. However, due to increased infrastructure and rising steel output, Asia-Pacific is predicted to develop at a faster rate during the forecast period.
Global Thermal Ceramics is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Thermal Ceramics Market report also contains analysis on:
Thermal Ceramics Segments:
By End User
Mining & metal processing
chemicals & petrochemicals
Thermal Ceramics Dynamics
Thermal Ceramics Size
Supply & Demand
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Thermal Ceramics Market
Report Scope and Segmentation
Report Attribute Details
Market size value in 2020 USD 4.5 billion
Revenue forecast in 2030 USD 8.2 billion
Growth Rate CAGR of 5.4% from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, end user, and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled 3M, CeramTec TopCo GmbH, Dyson Technical Ceramics Limited, FIBRECAST INC., Ibiden Co., Ltd., ISOLITE INSULATING PRODUCTS CO., LTD., MITSUBISHI CHEMICAL HOLDINGS, MORGAN ADVANCED MATERIALS PLC, RHI Magnesita GmbH and Other Prominent Players.