Thermal Ceramics Market

Thermal Ceramics: Introduction

• Thermal ceramics offer thermal shock resistance, thermal insulation, high tolerance toward high temperature, and thermal expansion
• Global demand for thermal ceramics has been rising led by key advancements in the construction industry. These ceramics come are useful while building houses, industrial spaces, and commercial enclosures that require thermal insulation of high order.
• Thermal ceramics are not readily available. They need to be manufactured after a thorough chemical process, which leads to high performance, durability, and effectiveness of these ceramics. Thermal ceramics are manufactured by blending multiple insulation products such as kaowool, cerablanket, and low persistent materials. Hence, the resultant products are endowed with commendable properties of thermal insulation.

Key Drivers and Restraints of Global Thermal Ceramics Market

• The thermal ceramics market has been expanding steadily since the last few years. As per a recent study, global population is expected to rise by 2 billion by 2050, thus hitting the mark of 9.7 billion by 2050 from the current 7.7 billion. This is anticipated to boost the demand for residential and commercial buildings and recreational spaces, thus driving construction activities. In turn, this is estimated to propel the global thermal ceramics market.
• Rapid urbanization and rise in infrastructure spending are expected to propel the market during the forecast period. Rise in demand for power generation and mining and metal processing is also projected to propel the global thermal ceramics market.
• The need to build thermally insulated spaces can be met by using thermal ceramics such as insulation bricks or ceramic fibers
• Carcinogenic nature of ceramic fibers is a key factor restraining the thermal ceramics market. Many countries have enacted stringent regulations on the use of ceramic fibers and workplace exposure to materials such as alumina and silica.

Thermal Ceramics: Type Segment

• Based on type, the thermal ceramics market can be segmented into ceramic fibers and insulation bricks
• The ceramic fibers segment is estimated to lead the market, expanding at a faster pace than the insulation bricks segment during the forecast period. Ceramic fibers have exceptionally low thermal conductivity. This makes them energy-saving materials.
• Insulation brick is a special type of brick that can handle high temperatures and act as insulation. Insulation brick is used to line fireplaces, fireboxes, furnaces, and kilns. The high compressive strength of insulation brick allows for self-supporting structures at elevated temperatures. These bricks are widely used in refractories.

COVID-19 Impact on Thermal Ceramics Market

• Since the beginning of 2020, the global economy has been experiencing downturn due to the outbreak of the COVID-19 pandemic. The outbreak of COVID-19 is anticipated to significantly impact the production and distribution of thermal ceramics.
• Governments of several countries have imposed strict lockdowns to curb the spread of the COVID-19pandemic. Many manufacturing companies are either shut down or running low on production capacity.
• Decrease in industrial activities due to the pandemic has been adversely impacting the global thermal ceramics market

Asia Pacific Holds Major Share of Thermal Ceramics Market

• In terms of region, the global thermal ceramics market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific is the major region of the global thermal ceramics market. The market in the region is estimated to expand at a rapid pace during the forecast period.
• Asia Pacific is the largest and the fastest-growing region of the global thermal ceramics market. High growth of the chemical industry has led to an increase in investments in chemical manufacturing units in the region. China and India are at the forefront of the ongoing industrial revolution.
• The thermal ceramics market in North America and Europe is set to expand owing to the increase in usage of the seceramics in the generation of power

Key Manufacturers Operating in Global Thermal Ceramics Market

The global thermal ceramics market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global thermal ceramics market include:

• Morgan Thermal Ceramics
• Luyang Energy-Saving Materials
• Mitsubishi Chemical Corporation
• YESO Insulating Products
• Unifrax
• Ibiden Co., Ltd
• Isolite Insulating Products Co., Ltd
• 3M
• RHI Magnesita

Global Thermal Ceramics Market: Research Scope

Global Thermal Ceramics Market, by Type

• Ceramic Fibers
• Insulation Bricks

Global Thermal Ceramics Market, by End-use

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

Global Thermal CeramicsMarket, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa