Press release
Thermal Ceramics Market Latest Industry Trends, Growth Opportunities & Competitive Scenario Forecast to 2023
Thermal ceramics helps in reducing energy consumption and emission in a variety of industrial applications.
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On the basis of material, the thermal ceramics market is categorized into alumina ceramics, titanate ceramics, zirconate ceramics, ferric ceramics, ferrite ceramics, silicon carbide, and silicon nitride. Among these, titanate ceramics is expected to grow at fastest rate owing to its increasing use as capacitors in industrial applications.
The main restraint identified in the thermal ceramics market which can pose a threat to the market growth is the environment concern related to refractories. Growing need of refractories recycling is expected to create growth opportunities in the market for the industry players.
APAC held the largest share in the thermal ceramics market and also expected to register the fastest growth during the forecast period. This is attributed to the growing industrialization in the region. Along with that, the region has a strong base in chemical industry which is growing at a fast rate, owing to the increasing demand of chemicals from countries such as India and China for various applications.
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Some of the major players operating in the global thermal ceramics market are Morgan Advanced Materials plc, Luyang Energy-Saving Materials Co.Ltd., 3M Company, RHI Feuerfest GmbH, Ibiden Co. Ltd., Mitsubishi Chemical Corporation, Yeso Insulating Products Co.Ltd., Isolite Insulating Products Co. Ltd., Bnz Materials Inc., and Rath Group.
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