The global Thermal Ceramics for Insulating Firebricks Market size was USD 3,998.8 Million in 2020 and is expected to reach a value of USD 7,274.3 Million by 2028, and register a CAGR of 7.70% during the forecast period.
Demand for thermal ceramics has increased due to recent advances in the construction industry. These are useful in the construction of houses, industrial spaces, and commercial premises that require high-level thermal insulation. Various other industries and sectors other than the construction industry are also adopting thermal ceramics, which is expected to drive demand for thermal ceramics, thereby supporting growth of the global market in the coming years. Adoption of the product depends majorly on the progress of the construction industry. Growing need to construct thermally insulated spaces can only be met with the use of thermal ceramics such as insulating bricks or ceramic fibers, and this is expected to drive revenue growth of the global Thermal Ceramics for Insulating Firebricks Market. The use of thermal ceramics in ​​metal extraction and processing applications has also played an important role in market growth to some extent, and is expected to generate high revenue growth. Besides, the chemical industry has been one of the leading end-use industry of thermal ceramics for using it in testing and manufacturing key products. Moreover, from the recent past, the petrochemical industry manufacturers have been demanding for thermal ceramics. These factors are expected to drive market growth to significant extent.
Top Companies Operating in the Global Thermal Ceramics for Insulating Firebricks Market:
3M Company, 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.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Thermal Ceramics for Insulating Firebricks Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Thermal Ceramics for Insulating Firebricks Market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Thermal Ceramics for Insulating Firebricks Market key players
3.2 Global Thermal Ceramics size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Thermal Ceramics for Insulating Firebricks Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Thermal Ceramics for Insulating Firebricks Market Segmentation
By Type Outlook
- Ceramic Fibers
- Insulating Firebricks
By Temperature Outlook
- 650 – 1000 ° Celsius
- 1000 – 1400 ° Celsius
- 1400 – 1600 ° Celsius
- Above 1600 ° Celsius
By End-Use Outlook
- Chemical and Petrochemical
- Mining and Metal Processing
- Manufacturing
- Power Generation
- Others
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