High Temperature Ceramics Market Outlook 2022 - 2032
The global high temperature ceramics market was estimated to be worth US$ 4.67 billion in 2022. From 2022 to 2032, it is expected to grow at a CAGR of 7.1%, reaching US$ 9.27 billion.
The high temperature ceramics market is expected to grow due to the following:
Rising demand for high temperature materials as high-temperature insulation materials for linings in industrial heaters and furnaces
High demand for high temperature ceramics across a range of end-use industries
The increasing desire for energy efficiency
Quickening construction of infrastructure in APAC's emerging economies
Attributes
Details
High Temperature Ceramics Market Value (2022)
US$ 4.67 Billion
High Temperature Ceramics Market Value (2032)
US$ 9.27 Billion
High Temperature Ceramics Market CAGR
7.1%
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Producing And Manufacturing Low Bio-Persistent Material Opening New Opportunities
The use of persistent organic compounds in the manufacture of high temperature materials is a key cause for worry. Persistent organic pollutants, commonly known as toxic compounds, have a detrimental effect on human health and the environment. They may travel by wind and water, stay in the environment for long periods of time, accumulate, and are handed from one species to another as they move up the food chain.
Additionally, companies are developing low bio-persistent materials that can be incorporated into ceramic fibres. For instance, Morgan Advanced Materials created Superwool, a soft bio-persistent fibre.
The International Agency for Research on Cancer has exonerated it of all allegations, and it is thought to have no potential to cause cancer. The creation of such materials offers the sector great potential for high temperature ceramics market expansion.
High Temperature Ceramics Market Overview
Ceramics are covalent compounds containing metal and non-metal atoms primarily held in covalent and ionic bonds. Generally, ceramics are made by taking mixtures of earth elements, powders, water and clay.
This mixture is shaped into the desired form and is then fired in a high temperature oven. Ceramics are then painted with glazes which are waterproof and decorative. At elevated temperature, ceramics have high hardness, high melting points, excellent chemical corrosion resistance and good mechanical properties.
Some ceramics are good dielectrics or insulators, whereas others are good electrical or thermal conductors. Ceramics are widely used in our daily life. Glass, plates, bricks, tiles and sanitary ware are some examples of the ceramics we see every day. Ceramics can also be found in products like automobiles (sparkplug), phone lines and watches.
They are even used in space shuttles and aircrafts. Ceramics can be broadly classified into two categories: traditional and advanced. Traditional ceramics include clay products such as cement and glass, whereas advanced ceramics consist of pure oxides, nitrides, carbides and many others.
Advanced ceramics are widely used in industrial applications where the operating temperature is generally high or which require hard substances that can withstand great pressure. Ceramics offer various advantages compared to other materials. Ceramics are more corrosion and heat resistant than polymers or metals, stiffer and harder than steel, and have a lower density than most alloys and metals.
Raw material for advance ceramics materials are plentiful, inexpensive and display wide range of properties. For automotive applications, they are used in various applications like airbag sensors, spark plugs, valves, vibration sensors, pressure sensors, oxygen sensors, thermistors, catalytic converters, ceramic rotors, ceramic filters piston rings and safety glass windshields.
The different types of high temperature ceramics include ceramic matrix composites and ultrahigh temperature ceramic coatings. Advanced high temperature materials are key components in the emerging material technologies, which are giving impetus to many industries.
The global high temperature ceramics market is driven by several factors like replacement of materials for the sake of creating cost effective solutions, the growing demand for energy conservation across various industries, and government regulations to reduce greenhouse emissions.
The global high temperature ceramics market is led by AsiaPacific (APAC) which accounts for over 40-45% of the total consumption by volume. The cost of high temperature ceramics in APAC is lesser than that in Europe, North America or Latin America. In terms of revenue, North America is the largest market followed by APAC and Europe.
The cost of high temperature ceramics is expected to remain low for the next few years in the APAC region. Due to government regulations and incentives offered for sustainability and energy conservation, North America and Europe are expected to offer significant growth opportunities for the high temperature ceramics market.
On the basis of industry applications, the global high temperature ceramics market is segmented into automotive, aerospace, chemical processing, metallurgical, power generation and others. Some of the most common applications of high temperature ceramics are afterburners, boilers, castings, exhaust stacks, flanges, furnaces, headers, incinerators, manifolds, molds and dies, ovens, heat exchangers, pumps, blowers, pipingand ducting.
In the aerospace industry, high temperature ceramics are used in cutting edge applications, which require structural and chemical stability at extremely high operating temperatures. On the basis of composition, the high temperature ceramics are segmented into oxides (alumina, zirconia), non-oxides (carbides, nitrides) and composites (combination of oxides and non-oxides).
There are many global and regional players operating in the high temperature ceramics market especially in APAC. Some of the key participants are Morgan Thermal Ceramics, ZIRCAR Ceramics, Inc., Skamol A/S, Promat International, IBIDEN Company Ltd., Rath Incorporated, General Insulation Europe Ltd., Unifrax Corporation, and Shandong Luyang Share Co. Ltd.
In future, the understanding and controlling behavior of the microstructures and properties of high temperature ceramics are expected to be key elements in research activities. This research will further increase the operating temperature limits of existing high temperature ceramics.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections usinga suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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High Temperature Ceramics Taking Over The World
North America is expected to have the largest portion of the high temperature ceramics market while expanding at a CAGR of 5.15% throughout the forecast period.
The United States' strong refractory industry expansion, which is made possible by the presence of big firms, is to blame for the region's supremacy.
Canada came in second, with almost 60% of the region's revenue coming from the United States.
The aerospace sector makes substantial use of high temperature materials due to their strong resilience to high temperatures. They can thus meet the strict performance, temperature, and weight requirements set forth by spacecraft. One of the main drivers propelling the growth of the high temperature ceramics market in North America is this, along with the increased expenditure in space exploration by the region's governments.
Additionally, due to rising geopolitical tensions and investments in the defense industry, both of which have a beneficial impact on the high temperature ceramics market in North America, there has been a rise in the usage of hypersonic missiles and weapons.
A CAGR of 5.31% is likely to see Asia Pacific expand to hold a share of USD 1,854 million.
Due to rising investments in infrastructure projects, the Asia-Pacific region is experiencing rapid expansion and demand for high temperature ceramics. These operations boost the regional demand for high temperature ceramics.
In addition, there is a rise in industrial activity throughout the area, particularly in India, Vietnam, Indonesia, and Thailand. China and India are at the forefront of the current industrial revolution, together with other nations in the Asia-Pacific area.
The rise of the region's chemical and petrochemical end-use industries is driven by the need for chemicals in many end-use applications. By investing in new projects to decrease the number of chemicals imported and meet domestic demand, nations like India, Indonesia, and Thailand will help the industry segment of the high temperature ceramics market in Asia Pacific.
The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
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Regional analysis includes
North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
