The global thermal ceramics market revenue is expected to register a moderate CAGR over the forecast period. The global thermal ceramics market report has been segmented on the type, temperature range, end use industry, and region.
Based on type, the global thermal ceramics market is segmented based on ceramic fibers and insulation brick. The ceramic fibers segment accounted for significant revenue share of the market and is expected to register a CAGR of XX.X%.
Based on temperature range, the target market is segmented based on 650–1,0000C, 1,000–1,4000C, and 1,400–1,6000C. The 1,000–1,4000C segment is expected account major revenue share of the market over the forecast period.
Based on end-use industry, the target market is segmented based on mining & metal processing, chemical & petrochemical, manufacturing, and power generation. The mining & metal processing segment is expected to account for major revenue share of the market over the forecast period.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Asia Pacific contributes major share in terms of revenue in global thermal ceramics market and is expected to maintain its dominance over the forecast period. Market in Asia Pacific is expected to register highest growth over the forecast period. Increasing demand for thermal ceramics in countries such as China and India, owing to the rapidly growing chemical industry, increasing investments by international players in setting up manufacturing plants in the region is expected to create demand for thermal ceramics which in turn is expected to drive growth of market in the region over the forecast period.
Some prominent players in the global thermal ceramics market are Morgan Thermal Ceramic, Unifrax, Luyang Energy-Saving Materials, Isolite Insulating Products, RHI Magnesita, 3M Company, Ibiden Co. Ltd., Mitsubishi Chemical Corporation, Rath, and Yeso Insulating Products Co., Ltd.