Thermal Ceramics Market analysis 2023-2031: Top Opportunities and Strategies by Industry
Thermal Ceramics Market Analysis 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 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. SEGMENTATION By Type Ceramic Fiber: The segment accounted for the largest share in the global market an...