[URL=https://www.industryarc.com/Research/Fireproof-Ceramics-Market-Research-503393?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Fireproof Ceramic market[/URL] size is forecast to reach $7.9 billion by 2026, after growing at a CAGR of 12.1% over the forecast period (2021-2026). Fireproof ceramic provides fire protection and these are stable at high temperatures. Fireproof ceramic offers resistance to abrasion, color permanence, and better hygiene, which positively affects the market demand. Fireproof ceramic can withstand extreme heat shock thus is used in multilayer ceramic capacitors.Key Takeaways
Asia-Pacific dominates the fireproof ceramics market owing to increasing developments in the infrastructure sector with safety awareness and renovation activities.
Increasing consumption of multilayer ceramic capacitors because they are used in various circuits for noise removal and smoothing of power supply voltages, which is likely to aid the growth of the fireproof ceramics market.
Ceramic fibers are used as insulation for kiln doors and lids, boilers, nuclear insulation, and high-temperature pipe insulations. It promotes productivity in the industrial sector and is expected to grow the market size.
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Fireproof Ceramics Market Segment Analysis – By Geography
Asia Pacific dominated the global fireproof ceramic market in 2020 by more than 32%, due to the increasing consumption of fireproof ceramics in developing countries such as Indian and China. A fireproof ceramic is used as a thin layer on steel & iron bars that allows it to resist temperatures above 9500C without losing its strength. As well as fireproof ceramic offers thermal protection to steel structures in the building industry. Thus, the increasing production of steel is estimated to propel the market scenario. According to the World Steel Association, China is the world’s biggest steel-producing country, which accounted for 53.3% of world steel production in 2019. Hence the growing steel demand is expected to enhance the market growth of fireproof ceramic in this region. According to the World Steel Association, Ministry of Steel, India was the second-largest producer of crude steel with 111.2 million tonnes in 2019.
Fireproof Ceramics Market Drivers
Growing Demand for Multilayer Ceramic Capacitor
Growing Consumption From Various End-Use Industry
Fireproof Ceramics Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Fireproof Ceramics market. Major players Saint-Gobain Ceramics and Plastics Ltd., JIA Inc., Rodabell Group, Zibo Jiuchen Co. Ltd., and Jagdamba Minerals, Morgan Technical Ceramics, Zircar Ceramics Inc., Saffil Ltd., NGP Industries Limited, Isolite Insulation Products, and among others.
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