The Thermal Ceramic Market was valued at $4.2 Billion in 2018 and is forecast to grow at a modest 7.6 % CAGR between 2018 and 2025, culminating in 2026 global sales of $xx.20 Billion.
Industry at a Glance.
Thermal ceramics also are known as ultra-high temperature ceramics, are a type of refractory ceramics that provide durability at temperatures beyond 2000 degrees Celsius. The ceramic fibers are the most utilized thermal ceramics owing to its beneficial characteristics such as the wide temperature range, lightweight, and low thermal conductivity.
The demand for thermal ceramics has increased due to the increased requirement for energy savings and infrastructural progress. Also, its increased flexibility which allows it to convert to any shape thus they are increasingly used in the end-user sectors such as glass, ceramics, petrochemical, and aluminum.
Thermal Ceramic is also playing a major role in the solar energy segment to produce a solar panel owing to its high-temperature sustainability. Rising demand for solar energy is projected to drive the demand for solar panels in the coming future.
As per the American Society of Civil Engineers (ASCE), the U.S. is going to invest approximately $ 4.9 trillion by 2026 in the public segment such as bridges, dams, roads, and other infrastructure. POSCO company also invests $40 billion by 2023 which is a big opportunity to expand his steel production capacity in South Korea. Such initiatives by steel manufacturers are anticipated to augment the demand for thermal ceramics in the coming future.
“Optimal Price Point (OPP) for Global Thermal Ceramic”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP, and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Thermal Ceramic are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Thermal Ceramic Market by “Application Categories”
We have segmented the Global Thermal Ceramic-based on Application Categories as Industrial, Transportation, Petrochemical & Chemical, and Others.
We have observed the rapid growth of Thermal Ceramic followed by the Industrial segment has the largest market share in 2018 and is estimated to grow during the prediction period. These segments playing a major role in the industry sector such as metal, glass, and cement industry. Owing to its low thermal conductivity and high energy saving characteristics are the key factor for furnaces and boilers in steel production.
We also noticed the Petrochemical & Chemical segment anticipated to drive the market with a CAGR of x.8% from 2018 to 2026. Due to rising demand from boiler manufacturers that use thermal ceramics for coatings.
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Thermal Ceramic followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The Asia Pacific is having the largest market share in the global market in 2018. China and India are the key regions of steel manufacturing, end-use industry, and rising demand for furnace used in smelting, mining, and metal process industry.
The North American region led the market and accounted for the second-largest share, in terms of the developing market, in the global market. Factors such as infrastructure projects, cement, and metals are getting market demand in this region.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are 3M, CeramTec, Ibiden, Dyson Technical Ceramics, Morgan Advanced Materials, Mitsubishi Chemical Corporation, LLC, YESO Insulating Products, and FibreCast Inc. are few major players in Global Thermal Ceramic markets. The Global Thermal Ceramic market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Global Thermal Ceramic Market by Key Application Categories (Revenue, Million, 2018 – 2026)
- Petrochemical & Chemical
Global Thermal Ceramic Market Regional Outlook (Revenue, USD Million, 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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