Thermal Ceramics Market

Thermal Ceramics Market by Types (Ceramic Fibers, Insulation Bricks), By Applications (Mining & Metal Processing, Chemical & Petrochemical, Manufacturing, Power Generation, Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-607
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 185
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The global thermal ceramic market was valued at USD 4 billion in 2020 and is projected to reach USD 6.2 billion by 2028, expanding at a CAGR of 5.5% during the forecast period, 2021 – 2028. The growth of the market is attributed to the major advancements in the construction industry and rising demand for thermal ceramics in heaters, furnaces, and various end user industries.
 

Thermal Ceramics Market Key Takeaways


Thermal Ceramics are materials which are used for maintaining high temperature levels without combusting or producing any toxic exhumes. These materials offer thermal shock resistance, high tolerance to withstand extreme temperatures, and thermal insulation & expansion. Thermal ceramics are useful in construction of houses, commercial and Industrial spaces, and enclosures that typically require insulation to dissipate heat and maintain the comfort levels. Thermal ceramics are manufactured by blending multiple insulation products such as kaowool, cerablanket, and low persistent materials.

Covid 19 has negatively impacted the growth of thermal ceramics market due to hampering of activities in mining & metal processing and Chemical & petrochemical industries, two of the major consumers for the product. Covid-19 pandemic also caused supply chain restrictions which adversely affected the thermal ceramics market.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for thermal ceramics as high-temperature insulation materials for linings in industrial heaters and furnaces is expected to drive the market growth during the forecast period.
  • Rapid growth of the infrastructural and construction industries in developing regions is major factor boosting the market expansion in the coming years.
  • Rising demand for thermal ceramics in industrial heaters, furnaces, power generation, mining, and metal processing industries have propelled the growth of thermal ceramics market.
  • Rising concerns attributed to carcinogenic nature of ceramic fibers related to refractories is major factor acting as restraint hampering the growth of thermal ceramics market.
  • Lack of awareness and high cost attributed to its procurement and application act as key challenge that can hinder the market expansion during the forecast period.
  • Technological advancements in construction industry and rising implementation of thermal ceramics in building spaces is expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the global thermal ceramics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Thermal Ceramics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Type (Ceramic Fibers, Insulation Bricks), Application (Mining & Metal Processing, Chemical & Petrochemical, Manufacturing, Power Generation, Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Morgan Thermal Ceramics, Unifrax, Luyang Energy-Saving Materials, Isolite Insulating Products, RHI Magnesita, 3M, Ibiden, Mitsubishi Chemical, Rath, Yeso Insulating Products, Bnz Materials, Pyrotek, Promat

 

Market Segment Insights

Ceramic segment is projected to account a large market share
Based on type, the thermal ceramics market is segmented into ceramic fibers and insulation bricks. The ceramic fibers segment is expected to constitute a key share of the market during the forecast period due to increased use in filtration and sealing applications in chemical, steel, oil & gas, aluminum, glass, transportation, and other industries.
 

Thermal Ceramics Market By Types


Manufacturing segment is expected to expand at a rapid pace
Based on its application, the thermal ceramics market is bifurcated into mining & metal processing, chemical & petrochemical, manufacturing, power generation, and others. The mining & metal processing segment held a key share of the market during the recent years owing to excellent thermal insulation properties of thermal ceramics. However, the manufacturing segment is anticipated to expand at a rapid pace during the forecast period due to rising demand and increasing applications in industries such as refractory, glass, cement, construction, electronics & electrical, and ceramic.

Asia Pacific is anticipated to dominate the market
On the basis of regions, the thermal ceramics market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America account for key market share in of thermal ceramics market due to the presence of large corporations involved in automotive and chemical sectors. On the other hand, Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to increasing demand in construction industry and growing steel production. Asia Pacific hosts many developing countries where infrastructural development is booming rapidly which has spurned the thermal ceramics market to grow at a substantial rate during the forecast period.
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal Ceramics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Thermal Ceramics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Thermal Ceramics Market - Supply Chain
  4.5. Global Thermal Ceramics Market Forecast
     4.5.1. Thermal Ceramics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Thermal Ceramics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Thermal Ceramics Market Absolute $ Opportunity
5. Global Thermal Ceramics Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Thermal Ceramics Market Size and Volume Forecast by Types
     5.3.1. Ceramic Fibers
     5.3.2. Insulation Bricks
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Thermal Ceramics Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Thermal Ceramics Market Size and Volume Forecast by Applications
     6.3.1. Mining & Metal Processing
     6.3.2. Chemical & Petrochemical
     6.3.3. Manufacturing
     6.3.4. Power Generation
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Thermal Ceramics Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Thermal Ceramics Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Thermal Ceramics Demand Share Forecast, 2019-2026
8. North America Thermal Ceramics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Thermal Ceramics Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Thermal Ceramics Market Size and Volume Forecast by Types
     8.4.1. Ceramic Fibers
     8.4.2. Insulation Bricks
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Thermal Ceramics Market Size and Volume Forecast by Applications
     8.7.1. Mining & Metal Processing
     8.7.2. Chemical & Petrochemical
     8.7.3. Manufacturing
     8.7.4. Power Generation
     8.7.5. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Thermal Ceramics Demand Share Forecast, 2019-2026
9. Latin America Thermal Ceramics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Thermal Ceramics Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Thermal Ceramics Market Size and Volume Forecast by Types
     9.4.1. Ceramic Fibers
     9.4.2. Insulation Bricks
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Thermal Ceramics Market Size and Volume Forecast by Applications
     9.7.1. Mining & Metal Processing
     9.7.2. Chemical & Petrochemical
     9.7.3. Manufacturing
     9.7.4. Power Generation
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Thermal Ceramics Demand Share Forecast, 2019-2026
10. Europe Thermal Ceramics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Thermal Ceramics Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Thermal Ceramics Market Size and Volume Forecast by Types
     10.4.1. Ceramic Fibers
     10.4.2. Insulation Bricks
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Thermal Ceramics Market Size and Volume Forecast by Applications
     10.7.1. Mining & Metal Processing
     10.7.2. Chemical & Petrochemical
     10.7.3. Manufacturing
     10.7.4. Power Generation
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Thermal Ceramics Demand Share Forecast, 2019-2026
11. Asia Pacific Thermal Ceramics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Thermal Ceramics Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Thermal Ceramics Market Size and Volume Forecast by Types
     11.4.1. Ceramic Fibers
     11.4.2. Insulation Bricks
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Thermal Ceramics Market Size and Volume Forecast by Applications
     11.7.1. Mining & Metal Processing
     11.7.2. Chemical & Petrochemical
     11.7.3. Manufacturing
     11.7.4. Power Generation
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Thermal Ceramics Demand Share Forecast, 2019-2026
12. Middle East & Africa Thermal Ceramics Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Thermal Ceramics Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Thermal Ceramics Market Size and Volume Forecast by Types
     12.4.1. Ceramic Fibers
     12.4.2. Insulation Bricks
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Thermal Ceramics Market Size and Volume Forecast by Applications
     12.7.1. Mining & Metal Processing
     12.7.2. Chemical & Petrochemical
     12.7.3. Manufacturing
     12.7.4. Power Generation
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Thermal Ceramics Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Thermal Ceramics Market: Market Share Analysis
  13.2. Thermal Ceramics Distributors and Customers
  13.3. Thermal Ceramics Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Morgan Thermal Ceramics
     13.4.2. Unifrax
     13.4.3. Luyang Energy-Saving Materials
     13.4.4. Isolite Insulating Products
     13.4.5. RHI Magnesita
     13.4.6. 3M
     13.4.7. Ibiden
     13.4.8. Mitsubishi Chemical
     13.4.9. Rath
     13.4.10. Yeso Insulating Products

Segments covered in this report

Types

  • Ceramic Fibers
  • Insulation Bricks

Application

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

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Morgan Thermal Ceramics
  • Unifrax
  • Luyang Energy-Saving Materials
  • Isolite Insulating Products
  • RHI Magnesita
  • 3M
  • Ibiden
  • Mitsubishi Chemical
  • Rath
  • Yeso Insulating Products
  • Bnz Materials
  • Pyrotek
  • Promat

Key players operating in the thermal ceramics market covered in this are Morgan Thermal Ceramics, Unifrax, Luyang Energy-Saving Materials, Isolite Insulating Products, RHI Magnesita, 3M, Ibiden, Mitsubishi Chemical, Rath, Yeso Insulating Products, Bnz Materials, Pyrotek, and Promat.

The global players are engaged in enhancing their business strategies in a bid to capture key market share. For instance, 3M has announced it will be expanding its production capacity in the coming years to meet the increasing requirements of thermal ceramic products.
 

Thermal Ceramics Market By Key Players

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