Fireproof Ceramics Market Worth $6.44 Billion By 2022 | Key Industry Players Morgan Thermal Ceramics, Zircar Ceramics
San Francisco, 3
December 2018 - The
global fireproof ceramics market is expected to reach USD
6.44 billion by 2022, according to a new report by Grand View Research, Inc.
Growing demand for ceramic fibers in various applications including repair for
furnaces; and insulation in power plants, thermal reactors and turbines is
expected to drive market growth. The growth of these end-user industries is
expected to further propel industry expansion.
Fireproof
ceramics were widely used in the iron & steel industry accounting for over
30% of the global value market share in 2014.The products are used mainly in
the form of modules. Apart from these, ceramic fiber boards and textiles are
also consumed widely in this industry. Rising production output of iron &
steel due to high demand in its various end-use industries including
automotive, construction, aviation and marine is expected to consequently fuel
market growth.
The global
market for fireproof ceramics was valued at USD 2.87 billion in 2014 and is
expected to witness growth over the forecast period on account of rising
manufacturing facilities in rapidly developing markets of Asia Pacific.
Increasing demand from end-user industries such as petrochemicals, iron &
steel, and aluminum, particularly in Asia Pacific and MEA, is expected to fuel
market growth.
To
request a sample copy or view summary of this report:
www.grandviewresearch.com/industry-analysis/fireproof-market
www.grandviewresearch.com/industry-analysis/fireproof-market
Further key
findings from the report suggest:
- Market for
fireproof ceramic blanket was estimated at USD 904.2 million in 2014.
Ceramic fiber blankets are suitable for temperatures as high as 2300°F.
Lightweight, low thermal conductivity& heat storage, high temperature
stability, excellent handling strength & fire protection, thermal
shock resistance, and chemical & corrosion resistance are some
properties due to which fireproof ceramic blankets are preferred.The
fireproof ceramics market in petrochemicals was estimated at USD 649.1
million in 2014. These products are used in petrochemicals in fired
heaters, sulfur recovery units, and boilers. They are also used as
insulation for pipelines, turbines, and fittings in the petrochemical
industry. Growing demand for downstream products such as oils and polymers
is expected to drive petrochemicals market development over the forecast
period.
- Asia
Pacific accounted for over 35% of the global market in 2014 and is
expected to witness immense growth in light of increased government
spending on the manufacturing sector and increasing opportunities for FDI
in China and India. Growing demand for petrochemicals and iron & steel
is expected to drive growth.
- Middle
East & Africa is expected to witness substantial growth at a CAGR of
10.7% from 2015 to 2022.Iran is one of the major steel producers in Middle
East region and produced 14.9 million tons of crude steel in 2014. The
country is projected to produce 52 million tons of crude steel by 2025.The
increase in production of steel in Iran is expected to drive fireproof
ceramics over the forecast period.
- Key
industry players include Morgan Thermal Ceramics, Zircar Ceramics, Skamol
A/S, Ibiden Co., Ltd., Unifrax Corp., Isolite Insulation Products Ltd. and
Rath Inc. These companies focus on R&D for product development to
enhance their fireproof ceramics portfolio.
Grand View Research has segmented the
global fireproof ceramics market on the basis of product, end-use and region:
Product Outlook (Revenue, USD
Million;2012 - 2022)
- Bulk
- Blanket
- Board
- Paper
- Module
- Others
End-use Outlook (Revenue, USD Million;
2012 - 2022)
- Iron & Steel
- Petrochemicals
- Ceramics & Glass
- Aluminum
- Power Generation
- Others
Regional Outlook (Revenue, USD Million;
2012 - 2022)
- North America
- U.S.
- Europe
- Germany
- France
- Asia Pacific
- China
- India
- Latin America
- Brazil
- MEA
Access Press Release Of This Research
Report by Grand View Research:
www.grandviewresearch.com/press-release/global-fireproof-ceramics-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and fact-based
research across a range of industries, from technology to chemicals, materials
and healthcare.
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