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Ceramic Foams Market Size is projected to reach USD 601.91 million, Growth, Trends, Competition Strategies, Prominent Players and Forecast to 2029
Ceramic Foams Market Overview:Ceramic foam is a permeable and fragile material made from ceramics. Ceramic foams are widely used in hot gas channels, pharmaceutical manufacturing, and biomedical applications. Ceramic foams are widely used in high temperature applications so they are widely adopted in metal casting industries.
The global Ceramic Foams market was valued at USD 381.40 million in 2020 and is projected to reach USD 601.91 million by 2029, at a CAGR of 5.2% from 2022-2029.
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Increase in the use of ceramic foams in different industries is a key driver of the market. Furthermore, the use of ceramic foam in pollution control has fueled the demand for ceramic foams. However, the cost of production of ceramic foam is high due to high price of raw materials and production technique hinder the market growth. Advancements in the production technique to develop enhanced quality ceramic foams are expected to provide growth opportunities for the market.
Ceramic Foams Market Key Players
The key players are now concentrating on implementing strategies such as adopting new applications, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global Ceramic Foams market industry.
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Ultramet, Vesuvius Plc, SELEE Corporation, ERG Aerospace Corp., Saint-Gobain High-Performance Refractories, Pyrotek, Induceramics, LANIK s.r.o and Others
Acquisitions/Technology Launches
In July 2021, University of Alabama announced the development of a new composite foam material. It consists of hafnium carbide and silicon carbide and will be used to absorb engine combustion noise.
In November 2020, Recticel has acquired the Foam Partners from Swiss Conzzeta AG. With this acquisition, Recticel will strengthen its presence in Europe and global in specialty foam solutions market, specifically a faster growth in APAC and North American markets.
In November 2020, the foam partners, Swiss Conzzeta AG was acquired by Recticel with the goal to strengthen the position in Europe specialty foam market and also to get the growth in APAC and other markets.
In July 2020, Foseco made its launch of KALPUR direct pour device for metal casting. This device consisted of components such as high strength FEEDEX exothermic feeder along with a metallic lid, breaker core, and ceramic foam filter.
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Ceramic Foams Market Segmentation:
Global Ceramic Foams Market by Type, 2020-2029, (USD Million) (Kilotons)
Silicon Carbide
Aluminum Oxide
Zirconium Oxide
Others (Silica Oxide, Magnesium Oxide/Magnesia, And Alloys)
Global Ceramic Foams Market by Application, 2020-2029, (USD Million) (Kilotons)
Molten Metal Filtration
Furnace Lining
Thermal & Acoustic Insulation
Automotive Exhaust Filters
Catalyst Support
Others (Mold Making, Scaffolds For Fuel Cells & Batteries, And Bone Tissue Engineering)
Global Ceramic Foams Market by End Use Industry, 2020-2029, (USD Million) (Kilotons)
Foundry
Building & Construction
Chemical Synthesis & Pollution Control
Automotive
Growth Factors:
Increasing demand from the Ceramic Foams industries
The growing use of Ceramic Foams in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Ceramic Foams Market
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Ceramic Foams Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Ceramic Foams Market Trends
- The report identifies, determines, and forecasts the Global Ceramic Foams Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Ceramic Foams Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Ceramic Foams Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Ceramic Foams Market.
Frequently Asked Questions
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