Global fireproof ceramics market size was estimated at USD 2.87 billion in 2014 and is anticipated to reach USD 6.44 billion by 2022. These materials that provide and outer layer in certain incidents of fire, thus varying them from just a polymer to an efficient fire-resistant ceramic. This ceramic is less susceptible to fluctuations in temperature and highly stable making it strong and high resistance to damage including breaks and cracks. These materials are widely used in manufacturing fireproof floor tiles, ceramic walls, multilayer ceramic capacitor, medical grade ceramics and ceramic paper. These products are used in various applications and industries including explosives, chemicals, and in sectors that need high-end efficient fireproofing solutions. Rising demand from various end-use industries including iron & steel, petrochemicals is expected to boost market growth over the forecast period.
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With the increasing demands for viable MLCC’s in electronic devices including smartphones, the market is estimated to grow significantly over the forecast period. These ceramics are widely used in producing fireproof ceramic stones that are present in fireproof floor tiles and walls. The major factors contributing to the demand of medical grade ceramics can be attributed to the increasing demand for hip replacement implants and cosmetic dentistry. China is the largest manufacturer of these materials followed by Ukraine.
Fireproof ceramics provide various benefits including resistance to abrasion, color permanence, durability, moisture resistance, and better hygiene and visual appeal over others. These factors are expected to positively affect the market demand over the next seven years. However high maintenance and replacement costs in case of breakage or damage are expected to restrict the market growth.
Partnerships & Agreements coupled with new product development by major players are estimated to propel the market expansion over the forecast period. In addition, exceptional features offered by these products such as low thermal conductivity, low heat storage, high tensile strength, thermal shock resistance, and sound absorption are anticipated to drive the industry during the forecast period. However, carcinogenic nature of RCF is likely to restrain market growth over the next seven years. Growing interest and focus in development of manufacturing industries in emerging economies is expected to propel the industry expansion over the next seven years. These materials are fibers that mainly consist of silica and alumina and provide high thermal conductivity. They are widely used in high temperature protection and insulation that constitutes the major segment of manufacturing industries.
Stringent ecological regulations and procedures are expected to increase more investment in R&D activities by the leading market players. Thus innovation and technological advancement play a major role in the fireproof ceramic industry.Graphite is expected to be the most important raw material due to its properties and is extensively used in introduction stage of refractoriness. On the basis of product type global market has been segmented into Bulk, Blanket, Board, Paper, and Module. Fireproof ceramic blanket is expected to account for largest market share owing to its wide applications in high temperature environment including insulation, and sealing.
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