Stratview Research published a new report on the Ceramic Foams Market that offers detailed segmentation of the market based on Application Type, Type, End-Use Industry Type and Region. According to the report, Ceramic Foams Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Increasing use of ceramic foams as filters in the metal casting industry and stringent regulations regarding pollution control are the major factors driving the global ceramic foams market. The growth is further accelerated by the surge in demand for thermally insulated and soundproof residential and non-residential infrastructure.
The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Covid Impact –
The Corona Virus Pandemic has caused significant losses in nearly every industry all over the world. The pandemic has had a rapid impact on the global economy, affecting the market’s manufacturing, demand, and distribution network. The Ceramic Foams Market has also been influenced by the unprecedented COVID-19 outbreak. The market analysts have thoroughly examined the market and gathered insightful data related to covid impact such as before and after market size, regional impact, financial losses, organic and inorganic growth factors, etc.
Leading players in the market –
To build a successful business, it is vital to understanding the market – both the customers and the competitors. The report published consists of a list of key players active in the Ceramic Foams Market, is given below –
- Altech Alloys India Pvt. Ltd.,
- Drache GmbH,
- ERG Aerospace,
- Filtec Precision Ceramics Co., Ltd.,
- Galaxy Enterprise,
- Jiangxi Jintai Special Material LLC,
- LANIK S.R.O.,
- Pingxiang Yingchao Chemical Packing Co., Ltd.
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Ceramic Foams Market Share: By Type
Based on the type, the market is segmented as silicon carbide, aluminum oxide, zirconium oxide, and others. Silicon carbide was the largest type of ceramic foam consumed in 2018. Silicon carbide is a premium advanced-grade ceramic used to manufacture foams. Properties such as low thermal expansion, high strength, excellent thermal shock resistance, high wear resistance, and high chemical resistance make silicon carbide the preferred material for ceramic foams in the iron casting application. Hence, these factors are likely to bolster the consumption of silicon carbide-based ceramic foams during the forecast period.
Ceramic Foams Market Share: By Application Type
Based on the application type, the market is segmented as molten metal filtration, thermal & acoustic insulation, automotive exhaust filters, furnace lining, catalyst support, and others. The molten metal filtration was the largest segment of the market in 2018, and it is expected to continue its dominance during the forecast period as well. This growth is owing to the increasing demand for iron, steel, and aluminum casting across all industrial verticals. This trend is accountable for the growing use of ceramic foams in the molten metal filtration application, which is driving the growth of the segment.
Ceramic Foams Market Share: By End-Use Industry Type
Based on the end-use industry type, the market is segmented as foundry, building & construction, chemical synthesis & pollution control, automotive, and others. Foundry was the largest end-use industry segment of the market in 2018, and is expected to maintain its dominance during the forecast period as well. The surge in the production of consumer electronics and automobiles as a result of rapidly evolving economies across the globe is expected to bolster the growth of the foundry industry, thus underpinning the growth of the ceramic foams market.
Ceramic Foams Market Share: By Region
In terms of regions, Asia-Pacific was the largest market for ceramic foams in 2018, and is expected to register the highest growth during the forecast period. Building & construction activities have increased exponentially in the past decade owing to promising demographics and a wide-scale manufacturing base in the region. The growth in metal casting production, especially in India and China, has stimulated the demand for ceramic foams in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
FAQs in the report –
The research report aims to help the users learn about their market size and potential to connect with customers. This report answers to the following questions:
- How big is the potential Ceramic Foams Market?
- Will this market grow or shrink in the future?
- Who are our top competitors or key players?
- What market share do the competitors own?
- How Covid19 has affected the market?
- How long will it take to recover from the Covid-impact?
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