Thermal Ceramics Market Trend 2020 | Executive Summary, Segmentation, Review, Trends, Opportunities, Growth, Demand and Forecast to 2030

Thermal Ceramics Market Trend

Rapid urbanization and industrialization and modernization of public infrastructure can beckon the requirement of thermal ceramics. Rise in aluminum and steel production to cater to the demand of automotive and construction sectors can fuel the global thermal ceramics market growth.

The Thermal Ceramics Market Trend is projected to touch a value of USD 5.8 billion by 2025. It is expected to display a growth rate of 4.8% over the forecast period. The great need for energy-efficient products and energy savings are likely to bode well for the market. Thermal ceramics assist in reducing heat loss and energy consumption in industries of cement manufacturing, metallurgy, chemicals & petrochemicals, and power generation.

Competition Outlook

Fibrecast Inc., HIL Limited, Nutec Fibratec, Ibiden Co., Ltd., Luyang Energy-Saving Materials Co., Ltd., Morgan Advanced Materials PLC, Isolite Insulating Products Co. Ltd., 3M, and Unifrax LLC are key players of the global thermal ceramics market.

Get a Free Sample PDF Brochure https://www.marketresearchfuture.com/sample_request/9514

But availability of alternatives can hamper the market growth.

Segmentation

The global thermal ceramics market is segmented by type and end-use industry.

By type, it is segmented into insulation bricks, ceramic fiber, and others. Ceramic fibers are expected to dominate the market owing to its lightweight nature and low thermal conductivity. But its carcinogenic nature can impede the segment growth. On the other hand, insulation bricks are predicted to register a significant growth rate owing to massive demand for energy and power in the construction sector.

By end-use industry, it is segmented into power generation, metal & metallurgy, chemical & petrochemical, manufacturing, and others. The metal & metallurgy segment accounted for the largest market share due to the increasing demand for metal globally. The use of zirconium based thermal ceramics for protecting boiler assemblies in nuclear plants can bode well for the segment. On the flip side, the power generation segment will induce heavy demand in the global thermal ceramics market owing to high-temperature insulation requirements. The manufacturing segment is slated to register a healthy growth rate owing to demand in automotive, electrical & electronics, cement, and glass industries.

Browse Complete Report for Better Understanding https://www.marketresearchfuture.com/reports/thermal-ceramics-market-9514

Regional Analysis

North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA) are key regions of the global thermal ceramics market.

APAC accounted for the largest market share owing to rapid industrialization and construction activities in Japan, China, India, and Indonesia. The resuming of mining operations in China and the return of miners can bode well for the market. Customized UHT ceramics in addition to greenhouse gas restrictions imposed on industries can bode well for the global thermal ceramics market.

Enquiry For Discount https://www.marketresearchfuture.com/check-discount/9514

North America is touted to register a strong growth rate during the forecast period owing to high consumption of energy and massive demand from the manufacturing sector. The spike in iron and steel production can fuel market demand.

Lastly, MEA and Latin America regions are predicted to display good growth rates due to stable economic growth, rise in per capita income levels, and rise in commodity prices. Rising investments in the energy sector is likely to warrant demand for thermal ceramics.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com


Comments

Post a Comment

Popular posts from this blog

Regulatory Hurdles and Spectrum Access in the Private 5G Market

The private 5G market represents a burgeoning segment within the broader telecommunications industry, focusing on the deployment of 5G networks for private use by enterprises, industries, and organizations. Unlike public 5G networks, which are available to the general public, private 5G networks offer dedicated bandwidth and infrastructure tailored to the specific needs of an organization, providing enhanced security, reliability, and performance. Global private 5G market is expected to be valued at USD 2.0 billion in 2023 and is projected to reach USD 11.8 billion by 2028 ; it is expected to grow at a CAGR of 42.3% from 2023 to 2028 Market Overview The private 5G market is witnessing rapid growth driven by the increasing demand for high-speed, low-latency connectivity that can support advanced applications and the Industrial Internet of Things (Biot). These networks are becoming essential for industries such as manufacturing, logistics, healthcare, and energy, where the need for reli...
Read more

Submarine Cable System Market to grow from USD 18.2 billion in 2024

 Submarine Cable System Market to grow from USD 18.2 billion in 2024 and is expected to reach USD 29.7 billion by 2029, growing at a CAGR of 10.3% from 2024 to 2029. The submarine cable systems market , encompassing a critical infrastructure for global communications and data transfer, has seen significant growth and transformation. As of 2023, this market is valued at several billion dollars, driven by increasing data traffic, the proliferation of cloud services, and the ongoing expansion of internet connectivity worldwide. Market Overview Submarine cable systems are underwater cables laid on the seabed between land-based stations to carry telecommunication signals across stretches of ocean and sea. These cables are pivotal in connecting continents and facilitating international communication, accounting for nearly 99% of global data traffic. Key Drivers Data Traffic Surge : The exponential growth in data consumption, fueled by streaming services, social media, and cloud computing...
Read more

Revolutionizing Industry: The Future of Industrial Control and Factory Automation

The Industrial Control and Factory Automation market is a dynamic and rapidly evolving sector that plays a crucial role in modern manufacturing and production processes. This market encompasses a wide array of technologies, systems, and components designed to enhance industrial operations' efficiency, safety, and reliability. The primary components of this market include control systems, such as Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), Supervisory Control and Data Acquisition (SCADA) systems, Human-Machine Interfaces (HMI), and industrial robots. Additionally, the integration of advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and cloud computing is significantly transforming the landscape. Market Drivers Technological Advancements: The rapid advancement in AI, IoT, and machine learning is driving the adoption of automation solutions. These technologies enable predictive maintenance, real-time monitoring, and ad...
Read more