With 4.7% CAGR, Thermal Ceramics Market to Hit US$ 5.7 Billion by 2027
According to the latest report by IMARC Group, titled “Thermal Ceramics Market Size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The global thermal ceramics industry reached a US$ 4.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2027, exhibiting at a CAGR of 4.7% during 2022-2027.
Thermal ceramics, or ultra-high temperature ceramics (UHTCs), are advanced materials used for insulating and maintaining thermal temperatures in refractories. They are used for the industrial processing of metals, cement, petrochemicals, and glass. Thermal ceramics are manufactured by blending multiple insulation products, such as cerablanket, kaowool and low-persistent materials. They offer high temperature and shock resistance, thermal insulation and thermal expansion. As a result, they are widely used across various industries, such as construction, manufacturing, aerospace, manufacturing, power and chemical.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts, are being done after considering the impact of this pandemic.
Thermal Ceramics Market Trends:
The global thermal ceramics market is primarily being driven by widespread product adoption in the construction industry. These ceramics are widely used while building industrial spaces, homes and commercial enclosures with enhanced thermal insulation. Moreover, the development of low bio-persistent materials is providing a thrust to the market growth. These materials are extensively used in passive fire protection systems, domestic appliances, and automotive exhaust systems. Other reasons, such as extensive product adoption for lightweight aircraft manufacture, as well as an increasing number of ongoing infrastructure construction projects, particularly in developing nations, are producing a bright future for the industry.
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Thermal Ceramics Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
3M Company, CeramTec GmbH, Dyson Technical Ceramics Ltd., FibreCast Inc., Ibiden Co. Ltd., Mitsubishi Chemical Holdings Corporation, Morgan Advanced Materials, Rath Group, Rauschert GmbH, RHI Magnesita GmbH, Shinagawa Refractories Co. Ltd. , Unifrax and YESO Insulating Products Co. Ltd.
The report has segmented the market on the basis on type, temperature range and end use industry.
Breakup by Type:
- Ceramic Fabrics
- Insulation Bricks
Breakup by Temperature Range:
- 650-1000 Celsius
- 1000-1400 Celsius
- 1400-1600 Celsius
- Above 1600 Celsius
Breakup by End Use Industry:
- Mining and Metal Processing
- Chemicals and Petrochemicals
- Construction
- Manufacturing
- Power Generation
- Aerospace
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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