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.

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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).

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, presence, production sites and facilities, production capacity, product launch, product width and breadth, and application domination are among the details provided. '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)'

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.

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.

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.

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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

Thermal Ceramics Market Insights

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