Cordierite Ceramics Market forecasts on regional growth, industry players and more

Global Market Insights has a new study based report titled " Cordierite Ceramics Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024".

Cordierite Ceramics Market size will witness a substantial growth owing to its increase in demand from different applications in furniture, construction, electrical, automotive and coating industry. These have excellent thermal shock resistance that enhances its consumption in kilns and furnaces. It improves resistance towards temperature variation. Ceramic industry shall grow by more than 10% in the forecast period and anticipated to propel cordierite ceramics market share.

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These have foam kind structures and its filter has efficiency to remove 99.99% of effluents (finer than 10 µm) from automobile exhaust. Stringent government regulations regarding increasing air pollution will have positive influence on product demand. Numerous countries are adopting regulations for reducing nitrous oxide content and other harmful effluents from engine emissions that shall boost cordierite ceramics market.

1. Cordierite Ceramics Market size & forecast by product & application
2. Growth drivers, pitfalls & industry challenges
3. Key Cordierite Ceramics Market growth opportunities & emerging business
models
4. Competitive benchmarking with market share analysis and company profiles

It is extensively used in refractory as filler to improve strength of seal and reduce thermal contraction. These are preferred over its substitutes namely lithium aluminosilicates owing to high resistivity and low permittivity. It finds application in fast firing that allows temperature variation during cooling cycle. Further, there has been growth in its consumption for fabricating thick films that provides a positive outlook to cordierite ceramics market.

There has been an increase in demand for luxury furniture with development in national economy, rise in customer spending, improved life quality and infrastructural development. Furniture industry has registered a CAGR of over 4% in 2016, that in turn has fuelled its consumption. Additionally, continuous growth in iron and steel industry has supported use of kilns.

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The Cordierite Ceramics Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Cordierite Ceramics Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Cordierite Ceramics Market Product Insights
5. Cordierite Ceramics Market Application Insights
6. Cordierite Ceramics Market Regional Insights
7. Competitor Profiles

Cordierite or iolite are magnesium iron aluminium cyclosilicate with continuous presence of iron and solid solution between magnesium rich and ferrous rich sekaninaite. These are isostructural with beryl and has aluminium distribution in (Si,Al)6O18 rings. It occurs in contact with metamorphism of politic rocks and found commonly in hornfels fabricated by metamorphism of politic rocks. Its manufacturing process aligns the crystals to form ring along one axis.

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Major restriction for cordierite ceramics market is high initial cost. It involves expensive starting materials having low yield and complex processing procedures that reduces cost efficiency in low scale manufacturing. Further, naturally occurring minerals are not abundant and impure that requires pre-processing prior to fabrication. However, growing large scale production and readily availability of raw materials for fabrication shall overcome these constraints in longer run.

On the basis of application, cordierite ceramics market is classified as furniture, refractory, construction, electrical, automotive and coating industry. Refractory industry has major share owing to its use in kiln furniture, gas burners and saggars. These are used in catalyst to improve thermal expansion coefficient, flexural strength and porosity that helps in enhancing purification effects.

Cordierite ceramics market is relatively consolidated with premium players including Kyocera, Goodfellow, CoorsTek, Trans-Tech and Tianjin Century Electronics. Other key players are STEATIT, Du-Co Ceramics, Elan Technology, IPS, Insaco, E.R. Advanced and Sonya Ceramics.

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