Report Description
The global thermal ceramic market was valued at USD 4.45 billion in 2022 and is projected to reach USD 7.20 billion by 2031 expanding at a CAGR of 5.5% during the forecast period, 2023 – 2031. 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 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
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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.
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Rapid growth of the infrastructural and construction industries in developing regions is major factor boosting the market expansion in the coming years.
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Rising demand for thermal ceramics in industrial heaters, furnaces, power generation, mining, and metal processing industries have propelled the growth of thermal ceramics market.
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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.
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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.
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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
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Details
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Report Title
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Thermal Ceramics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Ceramic Fibers, Insulation Bricks), Application (Mining & Metal Processing, Chemical & Petrochemical, Manufacturing, Power Generation, Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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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
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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.
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.
Segments
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
Competitive Landscape
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.
Table Of Content
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