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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
6% |
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Base Year Market Size (2023) |
USD 5 Billion |
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Forecast Year Market Size (2036) |
USD 7 Billion |
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Regional Scope |
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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:
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Industry Vertical |
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Temperature Range |
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Type |
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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.
Author Credits: Smruti Ranjan, Rajrani Baghel
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