Thermal Ceramics Market To Reach USD 6.61 Billion By 2027
Market Summary Rapid industrialization and the growing need for energy saving in the mining and metal processing industries are the drivers for the growth of the market. Market Size – USD 3.69 Billion in 2019, Market Growth - CAGR of 8.0%, Market Trends – High demand from developing nations. The global Thermal Ceramics market is forecast to reach USD 6.61 Billion by 2027, according to a new report by Reports and Data. They are used as insulation materials, due to their ability to withstand high temperatures, and are used for coating kilns and furnaces. Thermal ceramic products often exist in the form of blankets, boards, felts, loose fibers, vacuum molded or molded forms, paper, and textiles. Their lightness, resistance to thermal shock, and their solidity make them useful in many industries Further key findings from the report suggest : • Thermal ceramics used for a temperature range of 1,000 to 1,400 °Celsius represented a significant market share. • The mining and metal processing segment accounted for a significant market share due to intensive use in the processing of ferrous and non-ferrous metals. • In the metallurgical industry, they can be used for burner blocks, covers, curtains, emission control, furnace linings, gaskets, expansion joints, hot gas filtration, insulation, mold linings, and nozzle fairings. www.reportsanddata.com
Key Players: 3M, Ibiden, Mitsubishi Chemical Corporation, Yeso Insulating Products, Morgan Advanced Materials, Isolite Insulating Products, Luyang Energy-Saving Materials, Unifrax, Bnz Materials, and RHI Magnesita N.V., among others. Segmentation: • Type Outlook (Revenue, USD Billion; 2017-2027) Ceramic Fibers Insulating Firebricks • Temperature Outlook (Revenue, USD Billion; 2017-2027) 650 – 1000 °Celsius 1000 – 1400 °Celsius 1400 – 1600 °Celsius Above 1600 °Celsius • End-Use Industry Outlook (Revenue, USD Billion; 2017-2027) Chemical and Petrochemical Mining and Metal Processing Manufacturing Power Generation Others www.reportsanddata.com
Regional Thermal Ceramics Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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