Asia-Pacific to Generate High Demand for Ceramic Foams During Forecast Period
Growth in the building &
construction, chemical and electronics industries to drive the growth of global
ceramic foams market
According to
TechSci Research report, “Global Ceramic Foams Market By Type, By End-User Industry, By Application, By Region, By
Company, Forecast & Opportunities, 2024”, the global ceramic foams market is
expected to grow at a steady CAGR during the forecast period. Ceramic foams are
witnessing adoption in various end user industries. Further, their role in
pollution control is further propelling the global ceramic foams market. However, the cost of production of
ceramic foam is high due to high price of raw materials and production
technique which is likely to hamper the growth of market during forecast
period.
Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on" Global Ceramic Foams Market"
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The global
ceramic foams market is segmented based on type, end user industry, application,
region and company. Based on type, the market can be segmented into
Silicon
Carbide, Aluminium Oxide, Zirconium Oxide and Others. The Silicon
Carbide segment is expected to dominate the market owing to its superior
properties such as high strength, low thermal expansion, excellent thermal shock resistance,
high wear resistance, among others. Based on end user industry, the market can
be divided into Foundry, Building & Construction, Chemical Synthesis &
Pollution Control, Automotive and Others. Foundry segment holds the largest
market share and is anticipated to dominate the market during forecast period
on account of increasing production of consumer electronics and automobiles. Based on
application, the market can be fragmented into Molten Metal Filtration, Thermal
& Acoustic Insulation, Automotive Exhaust Filters, Furnace Lining, Catalyst
Support, Metallurgical Industry Filter and Others. The molten metal filtration
segment holds a substantial market share on account of the growing demand for
iron, steel, and aluminium casting across all industrial verticals.
Ultramet, Inc., Vesuvius
Plc, SELEE Corporation, ERG Aerospace
Corporation, Saint-Gobain Ceramics & Plastics, Inc., Pyrotek Inc., Induceramic,
Lanik Ceramic Foam Filters India Pvt. Ltd., Filtec Precision Ceramics Co., Ltd.,
Boading Ningxin Cast Material Co., Ltd. and Others are some of the
leading players operating in global ceramic foams market. The companies
operating in the market are using organic strategies such as product launches,
mergers and collaborations to boost their share.
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“Asia-Pacific is
expected to be the largest and fastest growing market during the forecast
period. The growth of the market can be attributable to the increasing building and
construction activities in the region. Additionally, factors such as availability of
cost-effective workforce, low transportation costs, relaxed government norms in
the countries like India and China have led to the shifting of many
manufacturing facilities in the region. This factor would further steer growth
in the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Ceramic Foams Market By Type (Silicon
Carbide, Aluminium Oxide, Zirconium Oxide, Others), By End-User Industry
(Foundry, Building & Construction, Chemical Synthesis & Pollution
Control, Automotive, Others), By Application (Molten Metal Filtration, Thermal
& Acoustic Insulation, Automotive Exhaust Filters, Furnace Lining, Catalyst
Support, Metallurgical Industry Filter and Others), By Region, By Company,
Forecast & Opportunities, 2024” has evaluated
the future growth potential of global Ceramic
Foams 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 global Ceramic Foams market.
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