Ceramic Foams Market Report

Market Insights

"The Ceramic Foams Market was estimated at USD 357.83 million in 2022 and is likely to grow at a CAGR of 6.37% during 2023-2028 to reach USD 524.52 million in 2028".

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Market Dynamics

Introduction

Ceramic Foams are tough foams that are made up of ceramic materials. These foams have the properties of insulation due to the air-filled voids in them. Ceramic Foams are of Silicon Carbide, Aluminum Oxide, Zirconium Oxide, and others. Molten metal filtration, thermal & acoustic insulation, automotive exhaust filters, furnace lining, catalyst support, and others are some of the important application areas where ceramic foams are used.

Market Drivers

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.

Segments Analysis

By Type

"Silicon carbide was the largest type of ceramic foam consumed in 2022".

• The market is segmented as silicon carbide, aluminum oxide, zirconium oxide, and others.
• Silicon carbide was the largest type of ceramic foam consumed in 2022. 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.   

By Application

"The molten metal filtration was the largest segment of the market in 2022, and it is expected to continue its dominance during the forecast period as well.".

• The market is segmented as molten metal filtration, thermal & acoustic insulation, automotive exhaust filters, furnace lining, catalyst support, and others.
• 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.

By End-Use Industry

"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 market is segmented as foundry, building & construction, chemical synthesis & pollution control, automotive, and others.
• 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.

Regional Analysis

"Asia-Pacific was the largest market for ceramic foams in 2022, 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.

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Key Players

The following are the key players in the Ceramic Foams Market (arranged alphabetically).

• Altech Alloys India Pvt. Ltd.,
• Dynocast,
• Drache GmbH,
• ERG Aerospace,
• Filtec Precision Ceramics Co., Ltd.,
• Galaxy Enterprise,
• Induceramic,
• Jiangxi Jintai Special Material LLC,
• LANIK S.R.O., and
• Pingxiang Yingchao Chemical Packing Co., Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

• This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
• We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current segmentation of any one of the types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].