In a recent published report, Kenneth Research has updated the market report for Thermal Ceramic Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Thermal Ceramic Market products.
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On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
The Thermal Ceramic Market is expected to grow at a significant CAGR during the forecast period. Increasing demand for commercial and personal electric vehicles around the globe is anticipated to drive the growth of the MARKET over the forecast period. According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.
A report on Vinyl Thermal Ceramic Market has recently been added into the market research report database of Kenneth Research, which provides a full assessment to its readers on the growth prospects of the market, along with the potential business opportunities in the industry. The study, which focuses on the latest trends, business dynamics, growth opportunities and drivers that are influencing the market growth, also includes the market size and the compounded average growth rate (CAGR) for the forecast period 2021 and 2025. The report on Thermal Ceramic Market also includes comprehensive analysis on both the macro- and micro-environmental factors that may influence the market growth during the forecast period. Additionally, analytical tools such as PESTEL analysis and Porter’s five forces analysis are used to calculate and compile the factors that are acting as the driving force for the growth of the market.
Global Thermal Ceramic Market was valued at USD 3.54 Billion in the year 2018. Global Thermal Ceramic Market is further estimated to grow at a CAGR of 8.2% from 2019 to reach USD 6.15 Billion by the year 2025. Asia-Pacific region holds the highest Market share in 2018 and North America considered as the second largest Market in the forecasted period. At a country level, developed markets like China holds the notable Market share in 2018 and it is projected to grow at a gradual rate in the coming years.
Segmentation is done on the basis of Temperature Range, 650 to 1,000 æ, 1,000 to 1,400 æ, 1,400 to 1,600 æ s of which the Aluminum Based 1,000 to 1,400 æ segment is expected to hold the highest Market share during the forecast period. On the other hand, segmentation done on the basis of By Application include Manufacturing, Mining & Metal Processing, Power Generation and Chemical & Petrochemical, of which Mining & Metal Processing segment is expected to grow at the XX% CAGR during the forecast period 2019-2025.
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Major market players in Thermal Ceramic Market are Morgan Thermal Ceramics, Unifrax, IBIDEN, Isolite Insulating Products, Luyang Energy-Saving Materials, RHI Magnesita, Rath, Mitsubishi Chemical Corporation, 3M, and YESO Insulating Products,
SWOT analysis of Thermal Ceramic Market
Strength:
Rising demand for saving energy
Weakness:
Environmental concern for refractory recycling
Opportunities:
Enhancement in Low Bio-Persistent Materials
Threats:
Government Regulations on mining activities
Thermal Ceramic Market Segmentation
Thermal Ceramic Market Overview, By Temperature Range
*650 to 1,000 æ
*1,000 to 1,400 æ
*1,400 to 1,600 æ
Thermal Ceramic Market Overview, By Type
*Insulation Bricks
*Ceramic Fibers
Thermal Ceramic Market Overview, By End-use
*Manufacturing
*Mining & Metal Processing
*Power Generation
*Chemical & Petrochemical
*Others
Thermal Ceramic Market Overview, By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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