Ceramics are covalent compounds containing metal and non-metal atoms primarily held in covalent and ionic bonds. Generally, ceramics are made by taking mixtures of earth elements, powders, water and clay. This mixture is shaped into the desired form and is then fired in a high temperature oven. Ceramics are then painted with glazes which are waterproof and decorative. At elevated temperature, ceramics have high hardness, high melting points, excellent chemical corrosion resistance and good mechanical properties. Some ceramics are good dielectrics or insulators, whereas others are good electrical or thermal conductors. Ceramics are widely used in our daily life. Glass, plates, bricks, tiles and sanitary ware are some examples of the ceramics we see every day. Ceramics can also be found in products like automobiles (sparkplug), phone lines and watches. They are even used in space shuttles and aircrafts. Ceramics can be broadly classified into two categories: traditional and advanced. Traditional ceramics include clay products such as cement and glass, whereas advanced ceramics consist of pure oxides, nitrides, carbides and many others.
Market Analysis and Insights: Global Thermal Ceramics Market
Due to the COVID-19 pandemic, the global Thermal Ceramics market size is estimated to be worth US$ 3266.5 million in 2022 and is forecast to a readjusted size of US$ 4327.6 million by 2028 with a CAGR of 4.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Ceramic Fibers accounting for % of the Thermal Ceramics global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Mining & Metal Processing segment is altered to an % CAGR throughout this forecast period.
APAC is the largest and the fastest-growing market for thermal ceramics. The high growth of the chemical industry has led to increased investments in chemical manufacturing units in this region. APAC countries, such as China and India, are also at the forefront of the ongoing industrial revolution. The chemical & petrochemical end-use industry is growing in the region because of the increase in demand for chemicals in various applications. Countries such as India, Indonesia, and Thailand are investing in new projects to decrease chemical imports as well as fulfill domestic demands, which will, in turn, drive the chemical industry in APAC. The growth of this industry drives the demand for thermal ceramics in thermal insulation applications. These factors, therefore, provide growth opportunities to the thermal ceramics market.
Global Thermal Ceramics Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Thermal Ceramics Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Ceramic Fibers
Insulation Bricks
Segment by Application
Mining & Metal Processing
Chemical & Petrochemical
Manufacturing
Power Generation
Others
By Company
Morgan Thermal Ceramics
Unifrax
Luyang Energy-Saving Materials
Isolite Insulating Products
RHI Magnesita
3M
Ibiden
Mitsubishi Chemical
Rath
Yeso Insulating Products
Bnz Materials
Pyrotek
Promat
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina