23-Jun-2022 | Zion Market Research
The global fireproof ceramics market is predicted to grow to USD 8.8 billion by 2028, up from USD 6.59 billion in 2021. Fireproof ceramics resist fire and remain stable at elevated temperatures. Abrasion resistance, color permanence, and improved cleanliness are all advantages of fireproof ceramic, which boosts product demand. Multilayer ceramic capacitors employ fireproof ceramic because they can survive intense heat shock. Blanket fireproof ceramics are light and durable materials that can withstand high temperatures. In the petrochemical sector, fireproof ceramic fibers are utilized as an insulator for turbines, fired heaters, and pipelines. Refractory clay is utilized to make fireproof ceramic, also known as fire clay, which is used in a variety of sectors such as steel & iron, petrochemicals, electricity production, and others, all of which are likely to profit from market growth during the forecast period.
The global fireproof ceramics market is expected to flourish owing to the rising demand for multilayer ceramic capacitors. Multilayer ceramic capacitors made from fireproof ceramic material are in high demand in the automobile and electronics industries. In electric cars, multilayer ceramic capacitors are employed because they can withstand high temperatures, power, and voltage without affecting availability and reliability. When acceleration, a multilayer ceramic capacitor converts direct current to alternating current, and during braking, oscillating current to direct current. As a result, the growing automotive and electrical sectors are expected to drive up the need for multilayer ceramic capacitors, which will drive up demand for these thermal-resistant clay ceramic fibers. However, fired clay is a delicate material. It is readily broken during production, and replacement of this material is, therefore, necessary in the event of any damages. Such factors can hinder the market growth.
The financial impact of the COVID 19 pandemic on the total market in developed, as well as developing nations, had the greatest influence on the economy. All development and production have been frozen as a result of the lockdown, and investors are wary of investing in new ventures. Due to the COVID pandemic, most firms had to shut down their manufacturing operations, thereby shutting down the whole industry, which significantly impede the growth of the fireproof ceramic sector in 2020.
The global fireproof ceramics market is divided into two main categories, first based on product type, and second, based on application. By product type, the market is segregated into bulk fiber, blankets, modules & logs, papers, & others. In 2021, the blanket product type category accounted for a large portion of the fireproof ceramics market. By application, the market is divided into iron & steel, ceramic & glass, petrochemicals, power generations, aluminum industry, cement & lime industry, ceramic & glass industry, heat treatment industry, & others.
Asia Pacific led the global fireproof ceramic market by more than 35% in 2021 due to the increased consumption of fireproof ceramics in emerging nations such as India and China. A thin layer of fireproof ceramic is applied to steel and iron bars, allowing them to withstand temperatures of up to 9500°C without losing their strength. In addition to being fireproof ceramic also provides heat protection to steel buildings in the construction sector. As a result, rising steel output is expected to boost the market scenario. In recent years, the steel industry, as well as its related mining and metallurgical industries, have experienced significant investments and innovations. According to the Internal Trade (DPI), the Indian metal sectors generated USD 14.22 billion in Foreign Direct Investment (FDI) from April 2000 to June 2020. As a result, the expansion of the fireproof ceramics market is likely to be aided by increased government efforts supporting infrastructure construction.
There are various types of fireproof ceramics available in the market, and different companies cater to different types of demands. Some of the prominent players in the global fireproof ceramics market are Saint-Gobain Ceramics and Plastics Ltd., NGP Industries Limited, Saffil Ltd., Morgan te3chnocal Ceramics, Rodabell Group, Zircar Ceramics Inc., and JIA Inc.
Browse the full “Fireproof Ceramics Market By Product Type (Bulk Fiber, Blankets, Modules & Logs, Papers, & Others), By Application (Iron & Steel, Ceramic & Glass, Petrochemicals, Power Generations, Aluminum Industry, Cement & Lime Industry, Ceramic & Glass Industry, Heat Treatment Industry, & Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/fireproof-ceramics-market
The global fireproof ceramics market is segmented as follows:
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