Global Thermal Ceramics Market Accounted to projected value $6.44 billion, registering a healthy CAGR 8.53% in the forecast by 2026

Posted October 12, 2019 by onkarDbmr

Global Thermal Ceramics Market is expected to rise from its initial estimated value of USD 3.35 billion in 2018 to a projected value of USD 6.44 billion by 2026, registering a CAGR of 8.53% in the forecast period of 2019-2026.

Analysis of Global Thermal Ceramics Market report:
Global Thermal Ceramics Market is expected to rise from its initial estimated value of USD 3.35 billion in 2018 to a projected value of USD 6.44 billion by 2026, registering a CAGR of 8.53% in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in demand for non-metallic thermal insulating systems.

Thermal ceramics are substances/materials that are used for maintaining the thermal temperatures and insulated temperatures in various refractories. These ceramics are used for maintaining high levels of temperature without combusting or producing any toxic exhumes.

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Leading Key players profiled in this report are:
Morgan Advanced Materials; Rath; RHI Magnesita GmbH; 3M; Unifrax; YESO INSULATING PRODUCTS COMPANY LIMITED; ISOLITE INSULATING PRODUCTS CO., LTD.; Promat International NV; CeramTec; Mitsubishi Chemical Corporation; BNZ Materials; LUYANG ENERGY-SAVING MATERIALS CO.,LTD.; IBIDEN and Pyrotek are few of the major competitors present in the market.

Market Drivers:
·        Increasing levels of industrialization and urbanization that have resulted in increased demand for innovative and advanced substances
·        Need for effective and efficient methods of thermal management and thermal insulation systems; this factor is expected to act as a driver for the market growth
Market Restraint:
·        Concerns of the populace regarding the usage and application of refractories which is one of the major uses of thermal ceramics; this factor is expected to act as a restraint to the market growth
Global Thermal Ceramics Market Segmentation:
By Type
§  Ceramic Fibers
o   Vitreous Alumina-Silica Ceramic Fiber
ü  Refractory Ceramic Fibers (RCF)
o   Low Bio-Persistent Ceramic Fibers
o   Polycrystalline Ceramic Fibers
§  Insulating Firebricks
o   Acidic Refractory Bricks
o   Basic Refractory Bricks
o   Neutral Refractory Bricks
By Temperature Range
·        650-1000○C
·        1000-1400 ○C
·        1400-1600 ○C
By End-Use Industry
·        Manufacturing
§  Glass
§  Cement
§  Ceramics
·        Chemicals & Petrochemical
·        Mining & Metal Processing
§  Aluminum
§  Iron & Steel
§  Others
·        Power Generation
·        Others
By Geography
·        North America
·        South America
·        Europe
·        Asia-Pacific
Company Share Analysis:
Global thermal ceramics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of thermal ceramics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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The Global Thermal Ceramics Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Thermal Ceramics Market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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Tags global thermal ceramics market , global thermal ceramics market applications , global thermal ceramics market overview , global thermal ceramics market trends
Last Updated October 12, 2019