Global Fireproof Ceramics Market
The GMI Research forecasts that the Fireproof Ceramics Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the intensified emphasis on developing the manufacturing sectors and the prevalence of rigorous environmental norms.
Introduction of the Fireproof Ceramics Market
Fireproof ceramics refers to the fire-resistant ceramics used to avoid the fire’s intensity at the time of fire accidents. Fireproof ceramics offers benefits like color permanence, resistance to abrasion, moisture resistance, durability, and better visual appeal. It can tolerate volatile temperatures and has many end-use applications. They are divided into different categories, including a blanket, module, bulk and board, paper.
Key Players of the Global Fireproof Ceramics Market:
- Morgan Thermal Ceramics
- Skamol A/S
- Luyang Energy-Saving Materials Co., Ltd.
- Unifrax Corp.
- Isolite Insulation Products Ltd.
- Ibiden Co., Ltd.
- Rath Inc.
- Zircar Ceramics Inc.
- NGP Industries Limited
- Saint-Gobain Ceramics and Plastics Ltd.
- Saffil Ltd.
Fireproof Ceramics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The robust demand across the petrochemical and ceramics industries, followed by the accelerating urban population and the increasing requirement of economical construction materials, are some of the prominent drivers responsible for the growth of the global fireproof ceramics market. The emerging countries mainly emphasize establishing the manufacturing sector to generate various job opportunities and enhance the living standard of their citizens. In addition, the mounting per-capita income, augmenting apprehension concerned with the safety and the strategic initiatives by the government to develop infrastructure, further strengthens the market size. The changing lifestyle of consumers led to the adoption of sophisticated devices is further stimulating the market growth. However, the inflated replacement and maintenance costs will hinder the market growth.
Product Type Segment Drivers
Based on the product type, the blanket will hold the largest share in the market during the forecast period. This is mainly due to their aggravating usage for insulation in high-temperature and their capability to store heat, low thermal conductivity, fire protection, handle strength, and light-weight properties. They are substantially used in the metal industry and provide resistance against corrosion to attract many consumers in the market. Moreover, the rising consciousness concerned with the security for workers in the production area will raise the market growth.
End-Use Segment Drivers
On the basis of the end-use, ceramic and glass are contemplated to witness robust demand in the coming years. The robust demand for dinnerware, sanitary ware, tiles, flat glass, and glass will drive the growth of the industry. On the other hand, aluminum is expected to grow at a higher CAGR in the near future. The usage of ceramics such as a blanket, paper, and module in the aluminum application for wrapping and insulating and their intensifying demand in the automobile, marine, and aviation industry will proliferate the market growth. Moreover, the amplifying investment for the power generation activities to fulfill the constantly increasing consumer demand is bolstering the market growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific is projected to dominate the market due to the ongoing enlargement of the manufacturing sector and their mounting application owing to its remarkable advantages such as light-weight, high thermal conductivity, thermal shock, and high chemical resistance. Also, North America is experiencing higher growth because of the prevalence of a large number of multinational players and their focus on adopting strategies to serve the product demand. Additionally, their robust demand across petrochemical and power generation industries will propel the global market growth.
Fireproof Ceramics Market Segmentation:
Segmentation by Product Type
- Module
- Bulk
- Board
- Paper
- Others
Segmentation by End-Use
- Iron & Steel
- Petrochemicals
- Ceramics & Glass
- Aluminium
- Power Generation
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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