Global Thermal Ceramics Overview 2020 Industry Statistics on Key Trends, Growth and Opportunities to 2027
Market Synopsis According to the MRFR analysis, the Global Thermal Ceramics Market is expected to reach over USD 6 Billion by the end of 2027 at a CAGR of 4.5%. The growth of the global thermal ceramics market is primarily driven by the growth of the chemical, petrochemical, cement, energy & power sector, and iron & steel industry. Furthermore, the increasing need for energy saving and green initiatives is expected to support the demand for thermal ceramics across various industries. The thermal ceramics offer superior thermal insulation, which helps in reducing heat loss, energy-saving, and lowering the overall operational costs. Pricing The price of thermal ceramics varies according to the type and the density of the material. The average price of the thermal ceramic ranges from USD 4,100 per ton to USD 7,800 per ton. SEGMENTATION By Type Ceramic Fiber: The segment accounted for the largest share in the global market and is projected to w