Thermal Ceramics Market analysis 2022 | Share, Industry Growth, Price, Demand and Global Forecast to 2030

 

Market Synopsis

The thermal Ceramics Market is expected to surpass the market value of over USD 5.5 billion by the year 2027 while registering a CAGR of 4.7% during the forecast period.

The growth of the Thermal Ceramics Market analysis is primarily driven by the growth of the chemical, petrochemical, cement, energy & power sector, and iron & steel industry. Furthermore, the increasing need for energy saving and green initiatives is expected to support the demand for thermal ceramics across various industries. Thermal ceramics offer superior thermal insulation, which helps in reducing heat loss, energy-saving, and lowering the overall operational costs.

Pricing

The price of thermal ceramics varies according to the type and the density of the material. The average price of thermal ceramic ranges from USD 4,100 per ton to USD 7,800 per ton.

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By Type

  • Ceramic Fiber: The segment accounted for the largest share in the global market and is projected to witness moderate growth during the forecast period. The high demand for PU/PIR insulation is attributed to low thermal conductivity, fire resistance, moisture resistance, and excellent workability. PU and PIR are widely used for insulating cold storage buildings, pipelines, storage tanks, and valves in various industries. Furthermore, its high vermin resistance increases its applications in the food & beverage and medical industries.
  • Insulation Bricks: The insulation bricks segment is expected to witness moderate growth during the forecast period. The growth of the segment is driven by increasing demand from the energy & power and metallurgy industries.
  • Others: The other segment includes perlite, fiberglass, aerogel, and elastomer foams. This segment is expected to witness the fastest growth during the forecast period, owing to the high demand for aerogel in pipeline insulation.

key players

  • CeramTec
  • Dyson Technical Ceramics, FibreCast Inc.
  • Ibiden Co., Ltd.
  • Isolite Insulating Products Co., Ltd.
  • Mitsubishi Chemical Corporation
  • Morgan Advanced Materials
  • RHI Magnesita
  • the 3M Company
  • Unifrax

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