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Ceramic foam Market Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2024

04-16-2019 03:05 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: PS Intelligence

Ceramic foam Market Growth Factors, Applications, Regional

Ceramic foam Market Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2024The global ceramic foam market is mainly driven by the large-scale use of the material as a metallurgical industry filter and as a thermal or sound-insulating material in the metal casting, automotive, and construction industries. In addition, the increasing use of the material for controlling soot emissions from automotive diesel engines is supporting the growth of the market.

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Based on type, the ceramic foam market is categorized into silicon carbide, aluminum oxide, titanium oxide, zirconium oxide, and others. The demand for silicon carbide type is increasing owing to the high-quality and advanced-grade ceramic used in the manufacturing of foam. This imparts various superior properties to it, such as high strength, great wear and thermal shock resistance, low thermal expansion, and high protection against chemicals, thus making it suitable for a wide range of applications.

An insulated residential building can save up to 20.0% of routine energy costs, as it considerably brings down the heating and cooling costs during summers and winters, respectively. A study conducted by the United States Environmental Protection Agency (US EPA) concluded that the installation of an insulation system in a building can reduce up to 18.0% of cooling and heating costs.

Ceramic foam is a material with low thermal conductivity, enhanced filtration capabilities, and high temperature resistance; it is made up of different oxide and non-oxide ceramic varieties, such as aluminum oxide, titanium oxide, and silicon carbide. It is used in a wide range of applications, such as absorption of pollutants, filtration of molten alloys, and acoustic and thermal insulation. It is also used for supporting stiff, lightweight structural materials and reflecting telescope mirrors.

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Ceramic foam is widely used in molten metal filtration, automotive exhaust filters, flame stabilization, thermal and acoustic insulation, catalyst reactors, biomedical, and other applications. The growing demand for the material for the thermal and acoustic insulation of residential and non-residential structures is anticipated to drive the market growth during the forecast period.

Some of the major players operating in the global ceramic foam market are Ultramet, Vesuvius plc, SELEE Corporation, ERG Aerospace Corporation, Compagnie de Saint-Gobain S.A., Pyrotek, Induceramic, LANIK s.r.o., Drache GmbH, and American Elements.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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