Thermal Ceramics Market To Reach USD 7,274.3 Million at a CAGR of 7.70% by 2028 | Reports and Data

The global Thermal Ceramics Market is forecast to reach USD 7,274.3 Million by 2028, according to a new report by Reports and Data. They are used as insulation materials, due to their ability to withstand high temperatures, and are used for coating kilns and furnaces. Thermal ceramic products often exist in the form of blankets, boards, felts, loose fibers, vacuum molded or molded forms, paper, and textiles. Their lightness, resistance to thermal shock, and their solidity make them useful in many industries. Modern technologies make it possible to produce highly porous foam ceramics, intended for use in blast furnaces as insulation and are energy-efficient. These products substantially reduce energy consumption and emissions in a variety of high-temperature processing applications.

The growing needs for energy savings and the rapid industrialization of emerging economies are the main growth drivers identified in the market. Due to growing environmental concerns, the governments of various countries are moving towards sustainable development. To achieve this, governments have advised manufacturers to also use environmentally friendly materials in their buildings and other applications.

The main obstacle identified in the market that can threaten market growth is the environmental concern linked to refractories. The growing need for recycling refractories should create growth opportunities in the market for industry players.

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Top Lading Players: 3M, Ibiden, Mitsubishi Chemical Corporation, Yeso Insulating Products, Morgan Advanced Materials, Isolite Insulating Products, Luyang Energy-Saving Materials, Unifrax, Bnz Materials, and RHI Magnesita N.V., among others.

Some Key Highlights from the Report:

• The ceramic fiber segment has dominated the market and is expected to grow at a fast pace. Insulating bricks are mainly used in glass industries, ceramic industries, aluminum smelting industries, iron and steel industries, non-ferrous metal industries, and industries of electricity production.
• They are used in fire doors, insulation of furnaces, individual heat resistant containers, and for heating pipes, in situations of direct exposure to flames, as joints to maintain or maintain in deviation from high temperatures.
• Thermal ceramics used for a temperature range of 1,000 to 1,400 °Celsius represented a significant market share.
• The mining and metal processing segment accounted for a significant market share due to intensive use in the processing of ferrous and non-ferrous metals.
• In the metallurgical industry, they can be used for burner blocks, covers, curtains, emission control, furnace linings, gaskets, expansion joints, hot gas filtration, insulation, mold linings, and nozzle fairings.
• In the chemical and petrochemical industries, they are used for sound insulation, boilers, recovery of catalysts, fire protection, torches, filtration of hot gases, protection of personnel/equipment, joints, insulation, and others.
• The manufacturing segment is expected to experience the fastest growth due to the automotive industry, mainly electric cars. In the production of electricity, they are used for thermal oxidizers, waste incineration, boilers, protection of personnel/equipment, polycrystalline silicon reactors, and others.
• Asia-Pacific is expected to experience significant growth due to the growth of the metal processing industry, the automotive industry, and the construction sector in China.

Segments covered in the report:

Type Outlook (Revenue, USD Billion; 2018-2028)

• Ceramic Fibers
• Insulating Firebricks

Temperature Outlook (Revenue, USD Billion; 2018-2028)

• 650 – 1000 °Celsius
• 1000 – 1400 °Celsius
• 1400 – 1600 °Celsius
• Above 1600 °Celsius

End-Use Industry Outlook (Revenue, USD Billion; 2018-2028)

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

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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