Thermal Ceramics Market Size, Share, and COVID-19 Impact Analysis, By Type (Ceramic Fibers and Insulation Bricks), By End-use (Mining & Metal Processing, Chemical & Petrochemical, Manufacturing, and Power Generation), and Regional Forecast, 2024-2032

Region : | Report ID: FBI106758 | Status : Ongoing

KEY INDUSTRY INSIGHTS

The global thermal ceramics market is witnessing considerable expansion globally, with a significant CAGR anticipated throughout the forecast period, 2024-2032.

Thermal ceramics are quick and easy to install and offer cost reduction & easy maintenance. These ceramics provide resistance to thermal shock, thermal insulation, temperature expansion, and have high tolerance to high temperature applications as they have chemical stability. In addition, resistance to alkaline and acidity also offers significant benefits.

The large-scale application of the product in process heaters, ceramic heaters, and high-temperature filtering products is expected to drive the market growth during the forecast period. Moreover, thermal ceramic is used in a number of industries due to its lightness, low thermal conductivity features, enhanced flexibility, and wide thermal conductivity. The product finds widespread use in mining & metal processing, petrochemical, and power generation. The thermal ceramics market growth is hampered by the carcinogenic nature of the product and the environmental concerns about refractories.

Impact of COVID-19 on the Thermal Ceramics Market

The ceramics industry was also experiencing a significant downfall due to the COVID-19 pandemic. Prominent end-user industries reduced their productivity due to staff shortages, unavailability of raw materials, and other transportation & logistics problems. Particularly in the automotive industry, manufacturing industries were facing serious problems that impacted the growth of the thermal ceramics industry.

However, with power generation, the chemical industry was gaining demand during the COVID-19 pandemic, as the situation led to an increase in demand. This was supporting the overall growth of the thermal ceramics industry during the pandemic.

Key Insights

The report covers the following key insights:

Key trends in the thermal ceramics market

New advancements in production technologies

New product launches, expansions of thermal ceramics industry

Government initiatives regarding mining activities

Impact of COVID-19 on the market

Analysis by End-use

The chemical & petrochemical segment is expected to witness significant growth during the forecast period due to increased demand from boiler manufacturers using thermal ceramics in linings. They offer excellent thermal insulation and fireproof protection for boilers in the oil & gas industry.

Regional THERMAL CERAMICS MARKET Analysis

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Asia Pacific is expected to witness a significant market growth during the forecast period. The growing need for energy savings is the crucial aspect of the rise in the market revenue of thermal ceramics. The Asia Pacific thermal ceramics market growth is witnessing a positive impact due to infrastructure development projects and a growing demand from the solar power industry.

Key Players Covered

CeramTec

Dyson Technical Ceramics

Unifrax, Morgan Advanced Materials

FibreCast Inc.

Ibiden Co. Ltd.

Others

Segmentation Analysis

By Type	By End-use	By Geography
Ceramic Fibers Insulation Bricks	Mining & Metal Processing Chemical & Petrochemical Manufacturing Power Generation	North America (U.S. and Canada) Europe (Poland, Hungary, Turkey, Spain, Czech Republic, and Rest of Europe) Asia Pacific (India, Thailand, Malaysia, Singapore, South Korea, and Rest of APAC) Middle East & Africa (UAE, South Africa, and Rest of MEA) Latin America (Brazil, Mexico, and Rest of LATAM)

Thermal Ceramics Industry Developments

In June 2021, Luyang Energy-Saving Materials Co. Ltd. shipped 36 containers of luyangwool ceramic fiber blanket products in Vietnam. As a type of refractory material with excellent heat preservation and fire resistance, ceramic fiber products are deployed across a number of industries.

In January 2020, Morgan Thermal Ceramics announced its decision to foray into the automotive sector by introducing active and passive thermal management systems to maintain vehicle battery pack temperatures at an optimum level.

In December 2020, Unifrax introduced a low bio-persistent thermal insulation material that is named as Isofrax 1400 blanket. This material utilized the high-temperature LBP technology and is considered a major evolution in the industry.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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