Thermal Ceramics Market Analysis

Thermal Ceramics Market Overview

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.

Thermal ceramics are a type of ceramics that are purposely used for insulation purposes. They are capable of withstanding higher temperatures and hence they are used in several industrial verticals to line the hot furnaces, kilns, machinery, walls, and so on. They come in various forms and are hence used across several applications. Popular forms such as blankets, boards, belts, and papers are used for specific applications, and their efficiency in withstanding higher temperatures in such applications is considered remarkable by the manufacturers and end-users. Therefore the potential characteristics are considered as the major drivers of thermal ceramics market growth.

Thermal ceramics are also used in the automotive industry and construction industry in recent times. For instance, they are used in the manufacturing of several critical components involved in the automotive industry, such as noise reduction systems, thermal management systems, manufacturing the of seats, glasses, and so on. Additionally, thermal ceramic construction materials are also gaining momentum as they are served to conserve energy. The goal of several countries in achieving higher conservation of energy is expected to boost the overall growth of the thermal ceramics industry during the forecast period. However, they are intensively used in the thermal processing manufacturing industries.

 COVID 19 Analysis

Like several industries, the thermal ceramics industry had also undergone a significant amount of distress due to the pandemic. Since the prominent end-user industries have reduced their manufacturing activities due to the reduction in labor, inaccessibility to the raw materials, and other logistics issues. Especially in the automotive industry, manufacturing industries were facing severe issues that had impacted the growth of the thermal ceramics industry.

However, the power generation, chemical industries were gaining demand during the pandemic, given the situation had caused the increase in demand. Therefore they were supporting the overall growth of the thermal ceramics industry during the pandemic.

 Market dynamics

 Market drivers

The growing demand across the chemical industry and the increasing investment in the chemical industry and their manufacturing units are considered as the major driving factors of thermal ceramics market growth. Especially the growth in the petrochemical and chemical industries and the varied applications showcases higher demand for thermal insulation. 

The growing automotive industry is utilizing thermal ceramics in varied applications such as heat management systems, noise reduction systems, filtration, and friction-related issues. The burgeoning growth of the automotive industry and the utilization of thermal ceramics in these crucial applications are expected to promote the overall growth of the thermal ceramics industry.

 Market opportunities

The fire protection attires with the high-temperature resistant blankets and the ceramic wool used as insulation are gaining momentum in recent times, owing to the increasing industrial applications. The increasing thermal industries and power generation industries involve high-temperature machines and aluminum furnaces. Therefore the personnel handling these furnaces require proper attires; such factors are presenting lucrative opportunities for the overall growth of the thermal ceramics industry.

The marine industry that includes heavy machine manufacturing, bulkheads, decks, and coastal defense ships, and the increasing investment towards the defense sector and the emerging potential market players in the marine shipbuilding industry is expected to provide a favorable environment for the thermal ceramics market growth during the forecast period.

Market restraints

The thermal ceramics are obtained after a series of chemical processes and require the right blending of several insulation products. These intensive manufacturing processes require higher costs and labor. This factor is considered as the major restraint of thermal ceramics market growth.

The thermal ceramics and the fibers made are carcinogenic and don’t comply with the regulations imposed by the government of several countries. Such factors are expected to hamper the overall growth of the thermal ceramics industry.

Market challenges

The availability of several alternatives and the effective marketing of those products are considered as the key challenges of thermal ceramics market growth.

The restrictions from the governmental organization towards the carcinogenic nature of the materials and their production activities required strict monitoring of emissions and disposals. Such factors are expected to hinder the overall growth of the thermal ceramics industry during the forecast period.

Cumulative growth analysis

The market value of the thermal ceramics industry was at USD 3.8 billion in the year 2019 and it 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 market growth is highly influenced by the increasing demand from large-scale applications such as processing heaters, ceramic kilns, filtration processes, higher temperature resisting attires, and so on. Among several manufacturing industries, the power generation industries like solar power generation industries are intensively utilizing thermal ceramics in their infrastructure and various other areas. The characteristics such as thermal shock resistance, insulation properties, tolerance, expansion, and others are considered as the major drivers of thermal ceramics market growth.

 Some of the key application industries include metal and mining industries, the utilization of the metals is also increasing across the globe. Also, they are utilized in the petrochemical and chemical industries, the cosmetics, cleaning supplies and other crucial chemicals are dealt with under the chemical industries. Therefore the demand for thermal ceramics is increasing because of these end-user industries. Also the potential properties of the thermal ceramics such as easily installable, it doesn’t contain cancer-causing asbestos, don’t require time-consuming curing processes, they are effective and easily produced in the industries. 

Value chain analysis

The thermal ceramics are utilized in manufacturing the fire doors, furnace insulation, heat-resistant containers, and heating pipes. The manufacturing industries that involve high-temperature applications are intensively using thermal ceramics materials in varied applications. Especially the glass industries, ceramics industries, electrolytic industries, power generation industries are major end-user industries of the thermal ceramics industry. Moreover, the demand for the processing of metals for various machinery and other manufacturing industries and equipment manufacturing industries has impacted the growth of the thermal ceramics industry. They are used in metal processing units and mining. 

Additionally, power generation industries and verticals are expanded in several developing countries, due to the increasing industrialization and increasing number of business operations. Especially they are used for thermal oxidizers, boilers, equipment protection, gadget protection, and reactors. Therefore the demand for thermal ceramics is increasing for that application. Similarly, the growing automotive industry, the increasing trend of electric cars, increasing production rates of battery separators and exhaust systems, and electronic fire protection systems require safety measures and thermal ceramics to withstand the environment. Among other end-user industries, the manufacturing industries are intensively utilizing thermal ceramics, as the countries are increasingly developing infrastructural activities, building more branches, and expanding them. The industrial verticals including cement, glass, ceramic, transportation and other sectors come under the category.

Segment overview

Based on Type:

• Ceramic Fibers


• Insulation Bricks

Based on Temperature Range:

• 650 to 1,000 ¡æ


• 1,000 to 1,400 ¡æ


• 1,400 to 1,600 ¡æ

Based on End-use Industry:

• Mining & Metal Processing


• Chemical & Petrochemical


• Manufacturing


• Power Generation


• Others

 Regional analysis:

The thermal ceramics industry is gaining momentum across the Asia-pacific region, owing to the favorable conditions across the region. The increasing number of pharmaceutical, chemical, and automotive industries across the region is presenting lucrative opportunities for the thermal ceramics market growth. Moreover, countries like India and China are running at the forefront in the industrial revolution and bringing in new ideas and plans to develop their industrial processes and structure.  

Competitive landscape:

• CeramTec


• Dyson Technical Ceramics, FibreCast Inc.


• Ibiden Co., Ltd.


• Isolite Insulating Products Co., Ltd.


• Mitsubishi Chemical Corporation


• Morgan Advanced Materials


• RHI Magnesita


• 
  3M Company


• Unifrax

 Recent developments:

One of the leading market players, Morgan thermal ceramics had introduced a series of thermal bricks to their existing products. The novel invention has favorable characteristics such as lighter and more efficient insulation properties.

One of the leading market players, Unifrax had introduced the low bio-persistent thermal insulation material that is named as Isofrax 1400 blanket. This material utilized the high-temperature LBP technology and is considered a major evolution in the industry.

Report Overview:

 This report has covered:

• Market overview


• COVID 19 Analysis


• Market dynamics


• Cumulative growth analysis


• Value chain analysis


• Segment overview


• Regional analysis


• Competitive landscape


• Recent developments

 Segmentation Table:

Based on Type:

• Ceramic Fibers


• Insulation Bricks

Based on Temperature Range:

• 650 to 1,000 ¡æ


• 1,000 to 1,400 ¡æ


• 1,400 to 1,600 ¡æ

Based on End-use Industry:

• Mining & Metal Processing


• Chemical & Petrochemical


• Manufacturing


• Power Generation


• Others