The global ceramic foams market is estimated to be USD 343.2 Million in 2018 and is projected to reach USD 441.7 Million by 2023, at a CAGR of 5.2% between 2018 and 2023. The market is witnessing growth due to the increasing use of ceramic foams in the metal casting application. Strict pollution control regulations and demand for thermally insulated and soundproof materials in building & construction are some of the factors driving the ceramic foams market.
Browse 81 market data Tables
and 45 Figures spread through 126 Pages and in-depth TOC on "Ceramic Foams Market by Type (Silicon
Carbide, Aluminum Oxide, Zirconium Oxide), Application (Molten Metal
Filtration, Thermal & Acoustic Insulation, Automotive exhaust Filters),
End-use Industry (Foundry, Automotive), and Region - Global Forecast to
2023"
Do Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=220030299
Major manufacturers such as Ultramet (US), Vesuvius
Plc (UK), SELEE Corporation (US), ERG Aerospace Corp. (US), Saint-Gobain
High-Performance Refractories (US), Pyrotek (US), Induceramics (US), LANIK
s.r.o (Czech Republic), Drache GmbH (Germany), and Baoding Ningxin New Material
Co., Ltd. (China)., among others, have been profiled in this report. These
companies provide ceramic foams in different dimensions and pore sizes suitable
for various needs in the foundry industry.
Key companies manufacturing ceramic foams adopted
the strategy of mergers & acquisitions to strengthen their position in the
market and remain competitive in the ceramic foam market. It was the most
preferred strategy adopted by the market players between 2013 and 2018.
Vesuvius Plc (UK), SELEE Corporation (US),
Saint-Gobain High-Performance Refractories (US), LANIK s.r.o (Czech Republic),
and Drache GmbH (Germany) are the leading players in the global ceramic foams
market. Companies such as SELEE and LANIK accounted for some of the strategic
activities, with merger & acquisitions being the most preferred one.
SELEE is one of the leading manufacturers of
ceramic foams. The company, in June 2015, acquired the trade and assets of
Fiber Ceramics (US), a manufacturer of reticulated ceramic foam structures. Its
range of products improved the technical capability of the business in steel
filtration and the production capacity for high-temperature products. This
acquisition helped the company to improve its product offerings.
Lanik is another major company operating in the
ceramic foams market. In July 2015, the company acquired Teplotechna,
Industrial Furnaces, Ltd (Czech Republic) with the aim to establish a long-time
symbiosis for both the companies, thus capturing a significant share of the
Europe ceramic foams market.
Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=220030299
“Molten metal filtration was the largest
application segment of the ceramic foams market in 2017.”
Molten metal filtration was the largest application
segment of the ceramic foams market in 2017. The growth in the production of
cast iron, steel, and aluminum, owing to their demand across all industrial
verticals is expected to drive the ceramic foams market for molten metal
filtration globally.
“APAC was the largest ceramic foams market in
2017.”
APAC was the largest market for ceramic foams, in
terms of value, in 2017. The growing population and disposable income of
consumers coupled with less stringent regulations have enabled the region to
emerge as one of the fastest-growing markets for consumer electronics,
automotive, and aviation. Thus, the growth in these industries is estimated to
drive the consumption of ceramic foams in aluminum, copper, and iron casting
applications.
“Silicon carbide was the largest type segment of
the ceramic foams market in 2017.”
Silicon carbide-based ceramic foams were the
largest type of ceramic foams consumed in 2017. This can be attributed to the
growing demand for grey and ductile iron cast from the foundry industry. These
ceramic foams are increasingly being used in the iron casting application,
which is driving its demand globally.
Read More Insights At https://www.marketsandmarkets.com/ResearchInsight/ceramic-foam-market.asp
About MarketsandMarkets™
MarketsandMarkets™ provides
quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing
7500 customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship
competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Comments
Post a Comment