ThermalCeramics: Introduction
· Thermal ceramics offer thermal shock resistance, thermalinsulation, high tolerance toward high temperature, and thermal expansion
· Global demand for thermal ceramics has been rising led by keyadvancements in the construction industry. These ceramics come are useful whilebuilding houses, industrial spaces, and commercial enclosures that requirethermal insulation of high order.
· Thermal ceramics are not readily available. They need to bemanufactured after a thorough chemical process, which leads to highperformance, durability, and effectiveness of these ceramics. Thermal ceramicsare manufactured by blending multiple insulation products such as kaowool,cerablanket, and low persistent materials. Hence, the resultant products areendowed with commendable properties of thermal insulation.
Key Drivers and Restraints of Global Thermal Ceramics Market
· The thermalceramics market has been expanding steadily since the last few years.As per a recent study, global population is expected to rise by 2 billion by2050, thus hitting the mark of 9.7 billion by 2050 from the current 7.7billion. This is anticipated to boost the demand for residential and commercialbuildings and recreational spaces, thus driving construction activities. Inturn, this is estimated to propel the global thermal ceramics market.
· Rapid urbanization and rise in infrastructure spending areexpected to propel the market during the forecast period. Rise in demand forpower generation and mining and metal processing is also projected to propelthe global thermal ceramics market.
· The need to build thermally insulated spaces can be met by usingthermal ceramics such as insulation bricks or ceramic fibers
· Carcinogenic nature of ceramic fibers is a key factor restrainingthe thermal ceramics market. Many countries have enacted stringent regulationson the use of ceramic fibers and workplace exposure to materials such asalumina and silica.
Thermal Ceramics: Type Segment
· Based on type, the thermal ceramics market can be segmented intoceramic fibers and insulation bricks
· The ceramic fibers segment is estimated to lead the market,expanding at a faster pace than the insulation bricks segment during theforecast period. Ceramic fibers have exceptionally low thermal conductivity.This makes them energy-saving materials.
· Insulation brick is a special type of brick that can handle hightemperatures and act as insulation. Insulation brick is used to linefireplaces, fireboxes, furnaces, and kilns. The high compressive strength ofinsulation brick allows for self-supporting structures at elevatedtemperatures. These bricks are widely used in refractories.
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COVID-19 Impact on Thermal Ceramics Market
· Since the beginning of 2020, the global economy has beenexperiencing downturn due to the outbreak of the COVID-19 pandemic. Theoutbreak of COVID-19 is anticipated to significantly impact the production anddistribution of thermal ceramics.
· Governments of several countries have imposed strict lockdownsto curb the spread of the COVID-19pandemic. Many manufacturing companies areeither shut down or running low on production capacity.
· Decrease in industrial activities due to the pandemic has beenadversely impacting the global thermal ceramics market
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Asia Pacific Holds Major Share of Thermal Ceramics Market
· In terms of region, the global thermal ceramics market can bedivided into North America, Europe, Asia Pacific, Latin America, and Middle East& Africa
· Asia Pacific is the major region of the global thermal ceramicsmarket. The market in the region is estimated to expand at a rapid pace duringthe forecast period.
· Asia Pacific is the largest and the fastest-growing region ofthe global thermal ceramics market. High growth of the chemical industry hasled to an increase in investments in chemical manufacturing units in theregion. China and India are at the forefront of the ongoing industrialrevolution.
· The thermal ceramics market in North America and Europe is setto expand owing to the increase in usage of the seceramics in the generation ofpower
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Key Manufacturers Operating in Global Thermal Ceramics Market
The globalthermal ceramics market was consolidated in 2020. Major players have prominentpresence in developed and developing countries. Key manufacturers operating inthe global thermal ceramics market include:
· Morgan Thermal Ceramics
· Luyang Energy-Saving Materials
· Mitsubishi Chemical Corporation
· YESO Insulating Products
· Unifrax
· Ibiden Co., Ltd
· Isolite Insulating Products Co., Ltd
· 3M
· RHI Magnesita
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