Thermal Ceramics Market to Grow Amid Rising Focus on Energy Savings
Rapid industrialization
coupled with increase in demand for innovative materials and growing need for
energy saving are expected to drive thermal ceramics market
According to
TechSci Research report, “Global Thermal Ceramics Market By Type, By Temperature
Range, By End-User Industry, By Region, By Company, Competition, Forecast &
Opportunities, 2024”, the global thermal ceramics market is expected to grow during
the forecast period due to rising adoption in diverse industries on account of thermal
conductivity, thermal expansion, thermal shock resistance and flexibility offered
by thermal ceramics. Rising need for energy savings and increasing focus on infrastructural
development are further fueling the growth of market, globally. However,
government regulations on mining activities and environmental concern for
refractory recycling are likely to hamper the growth of the market during
forecast period.
Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on " Global Thermal Ceramics Market"
https://www.techsciresearch.com/report/thermal-ceramics-market/4095.html
The global
thermal ceramics market is segmented based on type, temperature range, end user
industry, region and company. Based on type, the market can be bifurcated into
insulation bricks and ceramic fibers. Ceramic fibers are anticipated to
dominate the market owing to their flexibility, low weight and low density.
Based on temperature range, the market has been segmented into 650–1,000 °C; 1,000–1,400 °C;
1,400–1,600 °C. The 1,000 to 1,400 °C segment is expected to
register the highest CAGR during the forecast period owing to the use of
ceramics for variety of applications in this temperature range.
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Morgan
Advanced Materials plc, Luyang Energy-Saving Materials Co. Ltd., 3M Company, RHI
Magnesita N.V., Ibiden Co. Ltd., Mitsubishi Chemical Corporation, Yeso
Insulating Products Co. Ltd., Isolite Insulating Products Co. Ltd., Bnz
Materials Inc., and Unifrax Corporation are some of the leading players
operating in global thermal ceramics market. “Asia-Pacific is expected to be the fastest
growing market for thermal ceramics during the forecast period, owing to the
growing industrialization in this region. Also, the region has a strong base in
chemical industry, which is growing at a brisk rate, which can be attributed to
the increasing demand for chemicals from diverse application segment across
major developing economies such as India and China.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Thermal Ceramics Market By Type, By End User Industry, By Region, By
Company, Competition, Forecast & Opportunities, 2024” has evaluated
the future growth potential of the global thermal ceramics market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in the global thermal ceramics market.
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