New York, Oct. 01, 2019 (GLOBE NEWSWIRE) -- Growing adoption of thermal ceramic materials in various end-use industries and rising demand for energy saving applications are propelling the market growth.
The global thermal ceramics market is forecast to reach USD 6.48 Billion by 2026, according to a new report by Reports and Data. Thermal ceramics helps in decreasing energy consumption and emission in various industrial applications. Ceramic materials possess different thermal properties such as thermal expansion, thermal conductivity, thermal shock resistance, heat capacity, and maximum service temperature. These ceramics have application while building houses, industrial spaces, and commercial enclosures that require thermal insulation of high order. The market for thermal ceramics is influenced by the growing mining and metal processing industries.
The above –mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of thermal ceramics on the human body pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancement in the thermal ceramics market owing to innovative efforts have enhanced the efficiency of thermal ceramics.
The Asia Pacific is a key region for thermal ceramics in the forecast period. This is due to the growing industrialization in the region. Along with that, the region has a strong base in the chemical industry, which is growing at a very fast rate. Countries like China and India are investing heavily in their industrial developments to serve the need of the growing population.
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Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented into the global Thermal Ceramics market on the basis of type, temperature range, application, and region:
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Temperature range Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
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