Thermal Ceramics Market Size & Share, by Industry Vertical (Mining and Metal Processing, Chemicals and Petrochemicals, Construction, Manufacturing, Power Generation, Aerospace); Temperature Range (650-1000 Celsius, 1000-1400 Celsius, 1400-1600 Celsius, Above 1600 Celsius); Type (Ceramic Fabrics, Insulation Bricks) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3062
  • Published Date: Feb 16, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Thermal Ceramics Market size is poised to reach USD 7 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of thermal ceramics was USD 5 Billion. The reason behind the growth is due to the growing demand for energy across the globe. It is expected that owing to the advancements in both established and developing nations, rising industrial activity and overall growth in the global population are driving up global energy consumption. For instance, by 2050, global demand is expected to reach around 650 quadrillion Btu, an increase of over 14% from 2021. Particularly, the sharp rise in the world population is predicted to cause more than 45% increase in the demand for energy over the next 20 years.

The growing demand for non-metallic minerals is believed to fuel the market growth. Non-metallic raw resources effectively act as electrical component insulators, and owing to their chemical stability, they are expected to boost the demand for thermal ceramics.


Thermal Ceramics Market
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Thermal Ceramics Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Cases of Fire – Thermal Ceramic Materials Products are used worldwide in several end-use industries to keep people and buildings safe from fire as they offer superior insulation against heat.
  • Increasing Production of Petrochemicals- Thermal reactions and release are involved in several chemical and petrochemical processes, and to prevent heat loss, ceramic fibers are utilized in the construction of seals for blasters, kilns, and furnaces.
  • According to estimates, in 2022, the global petrochemical production capacity was around 2 billion metric tons.
  • Surging Construction Industry- Thermal ceramics, have excellent acoustic and thermal insulation qualities, which makes them suitable for being employed in the building industry as insulation in floors, walls, and roofs to control interior temperatures and lessen the need for heating and cooling systems.
  • Rising Application in Automotive and Aerospace Industry- Advanced ceramics are mostly used in engine and exhaust systems, heat protection shields, and other aerospace applications such as feed-through, temperature sensors, electrical connectors, and thermocouple sheaths since these materials can endure high temperatures while also providing insulation or thermal resistance. Besides this, thermal ceramics assist car designers in achieving the best possible passive fire protection and thermal management, and they are also generally stable and able to tolerate high pressure and temperatures.

Challenges

  • Environmental Concerns Associated with Refractories - Refractory-related environmental issues have been a major concern for the steel industry in recent years as certain used refractories cannot be directly disposed of in a landfill due to environmental concerns. According to numerous reports, the refractory organics released into wastewater from pulp and paper mills can seriously endanger aquatic and terrestrial life as well as human health, leading to metabolic issues. hormonal abnormalities buildup in bodily tissues.
  • Availability of Alternatives such as Polyurethane Foam or Metallic Foams- Owing to their superior qualities, polyurethane systems are among the most popular materials used for insulation in buildings as they offer exceptional insulating qualities such as increasing the airtightness and waterproofness of building envelopes, and to provide architects and designers greater creative freedom when designing buildings.
  • Fluctuating cost of raw materials can impact the overall cost of production

Thermal Ceramics Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

6%

Base Year Market Size (2023)

 USD 5 Billion

Forecast Year Market Size (2036)

USD 7 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Thermal Ceramics Segmentation

Industry Vertical (Mining and Metal Processing, Chemicals and Petrochemicals, Construction, Manufacturing, Power Generation, Aerospace)

The mining and metal processing segment in the thermal ceramics market is estimated to gain a robust revenue share of 35% in the coming years owing to the increasing need for them in the development and processing of metals, in industrial equipment and furnaces owing to their unique qualities such as increased process security and extended service lives. Advanced technical ceramics are widely utilized to replace metals, and are mostly employed in heaters and furnaces that are further used in the metal processing industry to offer excellent temperature tolerance, resistance to thermal shock, thermal insulation, and temperature expansion.

Type (Ceramic Fabrics, Insulation Bricks)

The ceramic fabrics segment in the thermal ceramics market is set to garner a notable share shortly. Refractory materials with high melting temperatures include ceramic fiber fabric which is created by materials that include great strength, low heat conductivity, good heat insulation performance, and stability at high temperatures. The most exacting specifications for thermal, mechanical, and electrical performance are met by ceramic fibers which are also used in the creation of continuous-fiber-reinforced composite materials including metal matrix composites (MMCs), polymer matrix composites (PMCs), and ceramic matrix composites (CMCs).

In addition, the length of the burning stage is the sole variation in the production process of insulating fire bricks, which are products of refractory shape that can withstand high temperatures and serve as insulation to an extensive range of manufacturing industries, including glass, ceramics, iron and steel, refining, and power generation. It is a unique type of brick made from fire clay and is mainly utilized for fireboxes, lining furnaces, fireplaces, and kilns, among other applications. The main purpose of insulation bricks is to retain heat and stop heat loss, owing its high porosity, low thermal mass, and low heat storage. For instance, high-porosity bricks, or those with a porosity of more than 40%, are used as insulation. Moreover, this brick has the advantages of being light in bulk density and low in bulk density which makes them apt to be used to insulate high-temperature equipment.

Our in-depth analysis of the global thermal ceramics market includes the following segments:

         Industry Vertical

  • Mining and Metal Processing
  • Chemicals and Petrochemicals
  • Construction
  • Manufacturing
  • Power Generation
  •  Aerospace

        Temperature Range

  • 650-1000 Celsius
  •  1000-1400 Celsius
  • 1400-1600 Celsius
  •  Above 1600 Celsius

        Type

  • Ceramic Fabrics
  •  Insulation Bricks
 

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Thermal Ceramics Industry - Regional Synopsis

APAC Market Forecast

The thermal Ceramics market in Asia Pacific is predicted to account for the largest share of 45% by 2036 impelled by the increasing production of chemicals. When it comes to demand growth, India's chemicals sector has outperformed others globally as a result of rising exports and robust local demand, along with specialty chemicals being the most profitable segment. One important sector of the Indian economy is the chemical industry, which is extremely diverse, producing close to 80,000 commercial goods, including a major producer of intermediates, paints, dyestuffs, insecticides, fertilizers, and basic organic compounds. For instance, the nation produced around 29 million metric tons of petrochemicals and basic main chemicals in 2021.

In addition, the infrastructure that India has developed together is what drives the country's economic expansion propelled by heightened government funding and development programs. According to estimates, in 2023, India's infrastructure output increased around 12% year over year.

North American Market Statistics

North America thermal ceramics market is estimated to be the second largest, during the forecast timeframe led by the growing need for boilers. In the United States, there are thought to be more than 50,000 industrial boilers, driven by a rise in customer demand. In addition, currently, the United States' steel sector comprises over 90 supply and production facilities and is ranked third globally in 2022 for raw steel production. The iron and steel sector in the country is a vibrant sector of the country's economy since it produces a larger percentage of its steel using electric arc furnaces (EAFs) than most other regions.

Research Nester
Thermal Ceramics Market Size
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Companies Dominating the Thermal Ceramics Landscape

top-features-companies
    • CeramTec GmbH
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 3M Company
    • Dyson Technical Ceramics Ltd.
    • FibreCast Inc.
    • Shinagawa Refractories Co. Ltd.
    • Unifrax
    • YESO Insulating Products Co. Ltd.
    • Ibiden Co. Ltd.
    • Morgan Advanced Materials
    • Rath Group
    • Rauschert GmbH
    • RHI Magnesita GmbH

In-the-news

In The News

  • 3M Company announced the introduction of Ceramic Coating for the Indian automotive and paint industry to deliver the finest functioning and user experience for customers.
     
  • Shinagawa Refractories Co. Ltd. announced the acquisition of the Brazilian Refractories business and the Alumina-based Wear-Resistant Ceramics business which is a logical continuation of Shinagawa's long-standing partnership with Saint-Gobain, wherein Shinagawa provides technology for the production of refractory goods.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3062
  • Published Date: Feb 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand for energy across the globe and the growing demand for non-metallic minerals are the major factors driving the growth of the market.

The market size of thermal ceramics is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Mitsubishi Chemical Holdings Corporation, Morgan Advanced Materials, 3M Company, CeramTec GmbH, Dyson Technical Ceramics Ltd., FibreCast Inc., Ibiden Co. Ltd., Rath Group, Rauschert GmbH, RHI Magnesita GmbH, Shinagawa Refractories Co. Ltd., Unifrax and YESO Insulating Products Co. Ltd., and others.

The mining and metal processing segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Thermal Ceramics Market Report Scope
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