Thermal Ceramics Market - by End-Use Industry (Chemical & Petrochemical, Mining & Metal Processing, Power Generation, and Manufacturing), By Type (Insulation Bricks and Ceramic Fibers), By Temperature Range (650 to 1000 ¡æ, 1,000 to 1,400 ¡æ, and 1,400 to 1,600 ¡æ), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Thermal Ceramics market to accrue revenue worth nearly 4 (USD Billion) in 2019 and record the CAGR of over 8% over the period from 2020 to 2026.

01-Jul-2020 | Report Code: ZMR-3179 | Report Format : | Status : Published

Abstract

The global Thermal Ceramics market to accrue revenue worth nearly 4 (USD Billion) in 2019 and record the CAGR of over 8% over the period from 2020 to 2026. The report offers assessment and analysis of the Thermal Ceramics market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Details of the Report:

Report Metric

Details

Base Year

2019

Historical Data

2017 and 2018

Forecast period

2020-2026

Market Representation

Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026

Segments Analyzed

By Type,  By Temperature Range, By End-Use Industry,  and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Introduction

Thermal ceramics assist in reduction of power usage as well as power emission in myriad kinds of Power Generation applications. The varied thermal features of ceramic substances play a key role in design considerations including heat conduction, thermal shock resistance, optimum service temperature, heat expansion, and thermal capacity. Growing demand for energy conservation and green building constructions has translated into huge demand for thermal ceramics in the recent times.

Moreover, thermal ceramics are produced through combination of many types of insulation materials including kaowool. As a result, the subsequent products provide laudable features of thermal insulation for plethora of sectors.

Market Growth Dynamics

A surge in the Power Generation activities across the developing countries is likely to steer the growth of thermal ceramics industry over the forecast timeline. Escalating ecological concerns has forced the government implement strict regulations in construction activities and this has resulted in humungous demand for environment friendly materials like thermal ceramics.

Moreover, large-scale applications of the product in process heaters, ceramic kilns, and high-temperature filtration products will embellish the business growth over the forecast timeline. In addition to this, thermal ceramics is used in myriad industries due to its lightweight, low heat conduction features, enhanced flexibility, and wide temperature range. Apparently, the product also finds extensive applications in glass, petrochemical, aluminum, and ceramics. All these aforementioned aspects will enunciate the growth of thermal ceramics market over the next couple of years.

Asia Pacific Market To Register Fastest Growth Rate During 2020-2026

The regional market expansion over the forecast timeline is attributed to thriving chemical as well as petrochemical sectors in the countries like Thailand, India, Indonesia, and China. Apart from this, large-scale need for the product in thermal insulation activities will further steer the regional market trends.

Key players influencing the market growth include Rath, RHI Magnesita, YESO Insulating Products, Mitsubishi Chemical Corporation, Unifrax, IBIDEN, Isolite Insulating Products, Morgan Thermal Ceramics, Luyang Energy-Saving Materials, and The 3M Company.

The global thermal ceramics market is segmented as follows:

By Type:

  • Ceramic Fibers
  • Insulation Bricks

By Temperature Range:

  • 650 to 1,000 ¡æ
  • 1,000 to 1,400 ¡æ
  • 1,400 to 1,600 ¡æ

By End-use Industry:

  • Mining & Metal Processing
  • Chemical & Petrochemical
  • Manufacturing
  • Power Generation
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

The large-scale applications of the product in process heaters, ceramic kilns, and high-temperature filtration products will steer the business growth.

The CAGR of the industry is expected to be nearly over 8% during the forecast timeline.

Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.

The key market players include Rath, RHI Magnesita, YESO Insulating Products, Mitsubishi Chemical Corporation, Unifrax, IBIDEN, Isolite Insulating Products, Morgan Thermal Ceramics, Luyang Energy-Saving Materials, and The 3M Company.


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