USD 4.65 Billion
Thermal Ceramics Market Size, Share, Growth Analysis, By Type(Ceramics Fabrics and Insulation Bricks), By End Use(Mining & Metal Processing, Chemicals & Petrochemicals, Construction, Manufacturing), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2315 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
64
|Figures:
77
Thermal Ceramics Market Insights
Global Thermal Ceramics Market size was valued at USD 4.65 Billion in 2022 and is poised to grow from USD 5.02 Billion in 2023 to USD 9.22 Billion by 2031, at a CAGR of 7.9% during the forecast period (2024-2031).
Thermal ceramics are utilized in the oil and gas industry for a variety of purposes, including burner insulation, reactors, heating centers and boilers. Thermal ceramics are highly sought after in the energy sector as solar energy production has increased. They are used in solar panels along with photovoltaics for effective power generation. This use of thermal ceramics in the power generation industry promotes market expansion. The demand for thermal ceramics is further stimulated by an increase in building and construction activities in the Asia-Pacific region, which propels market expansion. The market for thermal ceramics is nevertheless constrained by the fact that ceramics are carcinogenic. Throughout the projected period, the market expansion is anticipated to be fuelled by the product's extensive use in process heaters, ceramic heaters, and high-temperature filtration products.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Ceramics Fabrics
Fastest Growth
Ceramics Fabrics
Growth Rate
7.9% CAGR
Global Thermal Ceramics Market ($ Bn)
Country Share for North America Region (%)
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Thermal Ceramics Market Segmental Analysis
Global Thermal Ceramics Market is segmented on the basis of type, end user and region. By type, the market is segmented into ceramics fabrics and insulation bricks. By end user, the market is segmented into mining & metal processing, chemicals & petrochemicals, construction, manufacturing, power generation, aerospace. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Thermal Ceramics Market Analysis by Type
Over the course of the forecast period, the ceramics fibers market category is anticipated to grow at a CAGR of 5.1%, accounting for the majority of market share. The process of melting and blowing in furnaces is used to create ceramic fibers, a type of fiber refractory. The thermal stability offered by these fibers is lightweight. They are also utilized in fire prevention systems because of their excellent thermal insulation. The thermal shock resilience of ceramic fibers is exceptional. They also have little heat storage and may be quickly and easily installed. The sound permeability and corrosion resistance of ceramic fibers are both quite good. Due to their excellent chemical stability, they are employed as an asbestos replacement. Depending on the situation, they can be molded into any size and shape. The use of ceramic fibers in a variety of industries, including as oil and gas, chemicals, aluminum, transportation, glass, and general engineering, serves as a catalyst for the industry and fosters the expansion of the thermal ceramics market.
The Fastest growing share will belong to the insulating bricks segment. Insulation bricks are made of low-density, light-weight refractory materials. In addition to having low thermal conductivity, they feature a high amount of thermal insulation. Additionally, they provide competitive strength and greater thermal shock resistance. Clay is the major raw material utilized to make these bricks. Depending on the listed features, they come in several variants. Mullite insulation bricks, alumina bubble bricks, lightweight clay insulation bricks, and lightweight silica bricks are a few of the different types of insulation bricks that are available. They are used in many different industries, such as non-ferrous metals, glass, electrolytic aluminum, iron and steel, ceramics, and power generation. Applications and benefits of insulation bricks.
Thermal Ceramics Market Analysis by End Use
As it expands at a CAGR of 5.2%, the mining and metal processing industrial segment is anticipated to maintain its dominant market position. It can be difficult to contain fire outbreaks in the mining and metal processing industries, and doing so will help to reduce loss. When extracting and processing metals, gasses and other combustible elements must be handled with the utmost care and concern. A mine fire can start with just a little leak or the improper handling of combustible materials, resulting in a substantial loss. Ceramic fibers are used in the production of seals in furnaces, kilns, and blasters to stop thermal leakage. Due to the considerable need for thermal ceramics in the production and processing of metals, mining and metal processing is the largest end-use industry for thermal ceramics. Thermal ceramics are needed for kilns, furnaces, and other high-temperature insulation applications as a result of a considerable growth in metal production. Additionally, they are used in casting nozzle covers, secondary insulation for reheating furnaces, hot-face lining for heat-treatment furnaces and annealing furnace cover seals. These uses for thermal ceramics encourage market growth.
The Fastest growing share will be held by the chemical and petrochemical category during the forecasted period. In the chemical and petrochemicals business, thermal ceramics are becoming more and more common. They serve as high-temperature sealing materials, catalytic transport media for radioactive particles, and lining materials for reformer and cracker furnaces. There are several thermal reactions and releases involved in chemical and petrochemical processes. Among other advantageous qualities, thermal ceramics have high chemical stability, thermal insulation, and corrosion resistance. For the chemical and petrochemical industries, thermal ceramics with these characteristics are both effective and attractive. The market is expanding overall as a result of the rising demand for these items.
Global Thermal Ceramics Market By Type
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Thermal Ceramics Market Regional Insights
With the highest market share and a CAGR of 5.15% during the forecast period, North America will maintain its dominance. The United States' refractory sector has had rapid growth, which is assisted by the existence of huge firms, and is to blame for the region's supremacy. About 60% of the region's revenue came from the United States, with Canada coming in second. Because of their exceptional resilience to high temperatures, thermal ceramics find considerable use in the aircraft sector. They are able to do this and meet the strict performance, temperature, and weight requirements of spacecraft. One of the major drivers propelling the growth of the thermal ceramics market in North America is this, along with the region's governments' increased investments in space exploration.
With a CAGR of 5.31%, Asia Pacific will increase its market share to USD 1,854 million. Due to rising investments in infrastructure projects, the Asia-Pacific region is experiencing rapid expansion and demand for thermal ceramics. The regional market for thermal ceramics is boosted by these operations. In addition, there is a rise in industrial activity throughout the area, particularly in India, Vietnam, Indonesia, and Thailand. The rise of the region's chemical and petrochemical end-use industries is being driven by the need for chemicals in a wide range of end-use applications. The Asia Pacific region will be driven by the chemical industry segment.
Global Thermal Ceramics Market By Region
- Largest
- Fastest
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Thermal Ceramics Market Dynamics
Thermal Ceramics Market Drivers
Increasing Demand for Lightweight Materials
- In industries such as automotive, aerospace, and electronics, there is a growing demand for lightweight materials that offer superior thermal insulation. Thermal ceramics, with their lightweight nature and excellent insulation properties, are gaining popularity in these industries. They help in reducing the weight of components and improving fuel efficiency in transportation vehicles, leading to increased adoption.
Growing Focus on Fire Safety
- Fire safety is a critical concern across various industries, including construction, oil and gas, and manufacturing. Thermal ceramics possess excellent fire resistance properties, and they are widely used in fireproofing applications. As the focus on fire safety regulations and standards increases, the demand for thermal ceramics is expected to witness substantial growth.
Thermal Ceramics Market Restraints
Availability of Alternative Insulation Materials
- The market for thermal insulation materials is highly competitive, with several alternatives available in the market. Materials such as mineral wool, polyurethane foam, and fiberglass are commonly used for insulation purposes. These materials may offer relatively lower costs and meet the insulation requirements for certain applications, posing a challenge to the widespread adoption of thermal ceramics.
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Thermal Ceramics Market Competitive Landscape
A competitor-by-competitor breakdown of the thermal ceramics market is provided. Company overview, financials, revenue generated, market potential, R&D investment, new market initiatives, global presence, production sites and facilities, production capacity, product launch, product width and breadth, and application domination are among the details provided.
Thermal Ceramics Market Top Player’s Company Profiles
- Morgan Advanced Materials (United Kingdom)
- Unifrax LLC (United States)
- Pyrotek Inc. (United States)
- 3M Company (United States)
- Isolite Insulating Products Co. Ltd. (Japan)
- Rath Inc. (Germany)
- Skamol A/S (Denmark)
- Luyang Energy-Saving Materials Co. Ltd. (China)
- Shandong Luyang Share Co. Ltd. (China)
- Vesuvius Plc (United Kingdom)
- Mitsubishi Chemical Corporation (Japan)
- Ibiden Co., Ltd. (Japan)
- RHI Magnesita N.V. (Austria)
- Hi-Temp Insulation Inc. (United States)
- Thermal Ceramics, Inc. (United States)
- Shandong Luyang Co., Ltd. (China)
- BNZ Materials, Inc. (United States)
- Unifrax India Pvt. Ltd. (India)
- ZIRCAR Ceramics, Inc. (United States)
- Promat International NV (Belgium)
- Etex Group (Belgium)
- HarbisonWalker International (United States)
Thermal Ceramics Market Recent Developments
- In March 2023, CeramTec TopCo GmbH announced the launch of its new line of thermal ceramics for the automotive industry. The new line includes a variety of products for use in exhaust systems, turbochargers, and other components.
- In February 2023, Dyson Technical Ceramics Limited announced the expansion of its manufacturing facility in the United Kingdom. The expansion will allow the company to meet the growing demand for its thermal ceramics products.
- In January 2023, Fibrecast Inc. announced the acquisition of Isolite Insulating Products. The acquisition will allow Fibrecast to expand its product portfolio and reach new markets.
Thermal Ceramics Key Market Trends
- There is a growing demand for high-temperature insulation materials in industries such as steel, cement, glass, and petrochemicals. Thermal ceramics, with their exceptional ability to withstand high temperatures, are witnessing increased adoption in these industries. As industrial processes become more demanding and require insulation materials that can handle extreme temperatures, the demand for thermal ceramics is expected to grow.
Thermal Ceramics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the thermal ceramics market has been witnessing steady growth due to increasing industrialization, infrastructure development, and the need for energy-efficient solutions. The market size is expected to reach a significant value, driven by the demand from various industries such as steel, cement, glass, petrochemicals, automotive, aerospace, and electronics. Several drivers are fuelling the growth of the thermal ceramics market. These include the growing demand for high-temperature insulation materials, increasing focus on energy efficiency and sustainability, stringent environmental regulations, lightweight material requirements, emphasis on fire safety, advancements in manufacturing technologies, and the adoption of thermal ceramics in emerging economies. The global thermal ceramics market is poised for substantial growth, driven by the demand for high-temperature insulation, energy efficiency, and sustainable solutions across various industries.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.65 Billion |
| Market size value in 2031 | USD 9.22 Billion |
| Growth Rate | 7.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Thermal Ceramics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Thermal Ceramics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Thermal Ceramics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Thermal Ceramics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Thermal Ceramics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Thermal Ceramics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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