PUNE, India, May 15, 2018
PUNE, India, May 15, 2018 /PRNewswire/ --
The report "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" published by MarketsandMarkets™, the global 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.
Browse 81 market data Tables and 45 Figures spread through 129 Pages and in-depth TOC on "Ceramic Foams Market"
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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
"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.
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"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.
"Foundry end-use industry segment led the Ceramic Foams Market in 2017."
Based on end-use industry, foundry was the largest segment of the Ceramic Foams Market in 2017. The high demand for metal cast products from the foundry industry can be attributed to the increasing demand for consumer electronics, owing to technological advancements and changing needs of consumers that is expected to fuel the demand for efficient metal cast products for electronics production. These metal cast products are produced in the foundry industry, which utilizes ceramic foams for purification and filtration of metals.
"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.
Ceramic foams 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) have been covered in the report.
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