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Thermal Ceramics Market to Grow at a CAGR of ~4.6% during 2023-2029; Expanding by Increasing Demand for Lightweight Materials

09-16-2023 08:43 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Exactitude Consultancy

Thermal Ceramics

Thermal Ceramics

Exactitude Consultancy Market Research analyses that the Thermal Ceramics Market will witness a CAGR of 4.9% for the forecast period of 2023-2029 and is likely USD 3.97Billion in 2022 to reach at USD 6.13 Billion by 2029.

Thermal ceramics are ceramics with thermal shock resistance, thermal insulation, a high tolerance for high temperatures, and thermal expansion. Thermal ceramics, also known as ultra-high temperature ceramics (UHTCs) or ultra-high temperature refractory ceramics, retain their strength at temperatures exceeding 2,000 degrees Celsius. Thermal ceramics exhibits low thermal conductivity. Installation is quick and straightforward, reduces expenses, and is simple to maintain. Due to their chemical stability, thermal ceramics can be utilized in high-temperature applications. They have exceptional sound absorption and corrosion resistance. In addition, opposition to most alkaline and acidic substances provides numerous advantages. Thermal ceramics are utilized for hot face lining on heat treatment surfaces in the steel industry. In addition, they are used as supplementary furnace insulation. Similarly, thermal ceramics are used to lining melting furnaces for non-ferrous applications.

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Thermal Ceramics Market Dynamics

✦ Thermal Ceramics Market Drivers

Increasing Demand for Lightweight Materials

In industries such as automotive, aerospace, and electronics, there is a growing demand for lightweight materials that offer superior thermal insulation. Thermal ceramics, with their lightweight nature and excellent insulation properties, are gaining popularity in these industries. They help in reducing the weight of components and improving fuel efficiency in transportation vehicles, leading to increased adoption.

Growing Focus on Fire Safety

Fire safety is a critical concern across various industries, including construction, oil and gas, and manufacturing. Thermal ceramics possess excellent fire resistance properties, and they are widely used in fireproofing applications. As the focus on fire safety regulations and standards increases, the demand for thermal ceramics is expected to witness substantial growth.

✦ Thermal Ceramics Market Restraints

Availability of Alternative Insulation Materials

The market for thermal insulation materials is highly competitive, with several alternatives available in the market. Materials such as mineral wool, polyurethane foam, and fiberglass are commonly used for insulation purposes. These materials may offer relatively lower costs and meet the insulation requirements for certain applications, posing a challenge to the widespread adoption of thermal ceramics.

Prominent Key players of the Thermal Ceramics Market survey report:

Historical data available in the report elaborates on the development of the Thermal Ceramics on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Morgn Thermal Ceramics, Unifrax,IBIDEN, Isolite Insulating Products, RHI Magnesthia, Rath, YESO Insulating Products, 3M, Mitsubishi Chemical Corporation.

Thermal Ceramics Market Recent Developments

In March 2023, CeramTec TopCo GmbH announced the launch of its new line of thermal ceramics for the automotive industry. The new line includes a variety of products for use in exhaust systems, turbochargers, and other components.
In February 2023, Dyson Technical Ceramics Limited announced the expansion of its manufacturing facility in the United Kingdom. The expansion will allow the company to meet the growing demand for its thermal ceramics products.
In January 2023, Fibrecast Inc. announced the acquisition of Isolite Insulating Products. The acquisition will allow Fibrecast to expand its product portfolio and reach new markets.

Thermal Ceramics Market Segmentation:

Thermal Ceramics Market By Type, 2023-2029, (USD Billion), (Kilotons).

» Cermic Fibers

» Insultion Bricks

Thermal Ceramics Market By End-User, 2023-2029, (USD Billion), (Kilotons).

» Mining & Metal Processing

» Chemical & Petrochemical

» Manufacturing

» Power Generation

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Read Full Report with TOC:

https://exactitudeconsultancy.com/reports/18896/thermal-ceramics-market/

Key Features of the Thermal Ceramics Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Thermal Ceramics industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Thermal Ceramics industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Thermal Ceramics Market Research Report 2023-2029

1 Thermal Ceramics Market Overview

1.1 Product Overview and Scope of Thermal Ceramics

1.2 Thermal Ceramics Segment by Type (Product Category)

1.3 Global Thermal Ceramics market Segment by Application

1.4 Global Thermal Ceramics Market by Region (2023-2029)

1.4.1 Global Thermal Ceramics Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Thermal Ceramics (2023-2029)

1.5.1 Global Thermal Ceramics Revenue Status and Outlook (2023-2029)

1.5.2 Global Thermal Ceramics Capacity, Production Status and Outlook (2023-2029)



Why Choose Thermal Ceramics Market Report?

✔ Unbiased conclusions and market insights

✔ 24×7 customer service available to address client queries

✔ Highly efficient and experienced team of analysts striving to create top-quality reports

✔ Our reports have facilitated the growth of over 500 companies

✔ The systematic and methodical market research process

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Thank you for your interest in the Thermal Ceramics Market research publications; you can also get individual chapters or regional/country report versions such as Germany, France, China, Latin America, GCC, North America, Europe or Asia.

About Us

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

Contact us

for your special interest research needs at sales@exactitudeconsultancy.com and we will get in touch with you within 24hrs and help you find the market research report you need.

Contact: Irfan Tamboli

Phone Number: +91-7507-07-8687

Website: https://exactitudeconsultancy.com/

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