According to the latest report by IMARC Group, titled “Thermal Ceramics Market:Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The global thermal ceramics market reached a value of 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.
Base Year: 2021
Forecast Year: 2022-2027
Thermal ceramics are refractory materialsthat provide thermal shock resistance, thermal insulation, and durability at a temperature beyond 2000o Celsius. Also known as ultra-high temperature ceramics (UHTCs), these ceramicsare used to reduce energy consumption,emissions, and operating costs in high-temperature industrial processing of cement, metals,ceramics, glass, and petrochemicals. Besides this, the corrosion-resistant and electrical conducting properties of thermal ceramics also make them suitable for various high-temperature structural applications, including engines, hypersonic vehicles, plasma arc electrodes, cutting tools, furnace elements, and high-temperature shielding.
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 market is primarily driven by theincreasing utilization of thermal ceramics in the aerospace industry to meet stringent performance, temperature, and weight specifications of spacecraft. In addition, the escalating use of hypersonic missiles and weapons due to the rising geopolitical tensions and investments in the defense sector represents another major growth-inducing factor. Besides this, the increasing investments in space explorationby governments of numerous countries are positively influencing the market growth. Moreover, as thermal ceramics provide lightweight fire insulation in super-yachts, cruise ships, high-speed ferries, offshore platforms, and floating production storage and offloading (FPSO) vessels, they are extensively utilized in deep-water oil extraction, especially in remote locations. Furthermore, the increasing sales of passenger vehicles arealso creating a favorable market outlook across the globeas thermal ceramics are widely employed in the automotive industry to protect the surface and inner layer of vehicles from friction and generated plasma.
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Thermal Ceramics Market 2022-2027 Analysis and Segmentation:
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
- Power Generation
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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