Thermal Ceramics Market Size, Share | Industry Forecast 2022-27
IMARC Group, a leading market research company, has recently releases report titled "Thermal Ceramics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" The study provides a detailed analysis of the industry, including the global thermal ceramics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the thermal ceramics market?
The global thermal ceramics market reached a value of US$ 4.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2027, exhibiting at a CAGR of 4.7% during 2022-2027.
What is thermal ceramics?
Thermal ceramics, or ultra-high temperature ceramics (UHTCs), are advanced materials used for insulating and maintaining thermal temperatures in refractories. They are used for the industrial processing of metals, cement, petrochemicals, and glass. Thermal ceramics are manufactured by blending multiple insulation products, such as cerablanket, kaowool and low-persistent materials. They offer high temperature and shock resistance, thermal insulation and thermal expansion. As a result, they are widely used across various industries, such as construction, manufacturing, aerospace, manufacturing, power and chemical.
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What are the growth prospects and trends in the thermal ceramics industry?
The global thermal ceramics market is primarily being driven by widespread product adoption in the construction industry. These ceramics are widely used while building industrial spaces, homes and commercial enclosures with enhanced thermal insulation. Moreover, the development of low bio-persistent materials is providing a thrust to the market growth. These materials are extensively used in passive fire protection systems, domestic appliances, and automotive exhaust systems. Other reasons, such as extensive product adoption for lightweight aircraft manufacture, as well as an increasing number of ongoing infrastructure construction projects, particularly in developing nations, are producing a bright future for the industry.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
Breakup by Temperature Range:
Breakup by End Use Industry:
Breakup by Region:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
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