Fireproof Ceramics Market by Product (Bulk, Blanket, Board, Paper, Module, and Others) and by Applications (Iron & Steel, Petrochemicals, Ceramics & Glass, Aluminum, Power Generation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Global fireproof ceramics market expected to reach USD 7.73 billion in 2024 growing at a CAGR of 10.1% between 2018 and 2024. The global fireproof ceramics market is expected to observe major growth over the forecast period on account of increasing demand from the construction industry.

29-Aug-2018 | Number of pages: 110 | Report Code: ZMR-3303 | Report Format : | Status : Published

Analysis

Fireproof ceramics are the fire resistant ceramics. The fireproof ceramics are the construction materials that are used to avoid the expansion of the spread or intensity of a fire in case of fire accidents. In many occasions, ceramic tile providers have been asked to give fire ratings to their items. Fire ratings are required by the building code in order to have the assurance of fire resistance. Although, fire safety requirements don't really apply for tiles, considering that ceramics production is a heatproof material, most being made at more than 1000°C. For instance, if a lit cigarette is dropped on the floor, much of the time it won't do any harm to the tile. Indeed, even hot kitchen container or skillets won't burn or dissolve the surface of artistic and porcelain tiles. During a fire, many household items let off unsafe lethal vapor as VOCs (volatile organic compounds).

The rapid growth of the construction sector coupled with the increasing safety concerns and renovation activities across the globe are the major drivers for the growth of the fireproof ceramic market. Rising government initiatives encouraging infrastructure development, high disposable income, and population growth are some of the other factors aiding the growth of the fireproof ceramics market. However, high maintenance cost could prove to be a major restraint for the fireproof ceramics market within the forecast period. On the other hand, stringent environmental regulations pertaining to carbon emissions caused during the manufacturing of fireproof ceramics has enforced market players to enhance their R&D in order to explore and manufacture eco-friendly products. This is expected to unveil new opportunities for the fireproof ceramics market in the near future.

Global Fireproof Ceramics Market

The global demand for fireproof ceramics is anticipated to increase not simply from regular application territories, for example, buildings but also in the consumer electronics industry. Rising applications of fireproof ceramics will aid in the market development. Moreover, development of end-client ventures, for example, automotive, construction, aviation, and marine in which there is a huge demand for these ceramics are expected to impel the market growth. 

The fireproof ceramics market can be segmented into three categories by product namely bulk, board, blanket, module, paper, and others ceramics. The fireproof ceramics market can be segmented further based on end users such as petrochemicals, iron & steel, ceramics & glass, power generation, aluminum, and others.

The Asia Pacific accounted for most of the global market share for fireproof ceramics and is expected to grow rapidly in light of the increased government spending on construction activities and infrastructure development in the region. Asia Pacific is estimated to witness enormous growth because of enhanced government venture on the manufacturing industry and increasing FDI (foreign direct investments) in India and China. Petrochemicals and iron & steel segments are expected to drive the fireproof ceramics market growth in the near future. At present, China is the biggest manufacturer of fireproof ceramics globally. Other significant producers incorporate Latin America, Italy, India, and Middle Eastern nations.

The fireproof ceramics market remains fragmented, with the presence of a large number of companies. Key players profiled in the report include Saint-Gobain Ceramics and Plastics Ltd., Jagdamba Minerals, Rath Inc., Jia Inc., NGP Industries Limited, Zircar Ceramics Inc., Saffil Ltd., Skamol A/S, Luyang Energy-Saving Materials Co., Ltd., Unifrax I LLC., Isolite Insulation Products, BIDEN Co. Ltd., Zibo Jiuchen Trade, and Morgan Technical Ceramics. The key players are taking active measures to develop their product portfolio and escalate their production capabilities to a strong position in the global market.


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