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.
Request to Sample of This Report @ http://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.
To Get Sample Copy of Report visit
@ http://www.grandviewresearch.com/industry-analysis/fireproof-market/request
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For More Information,
Visit Grand
View Research
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
