Press Release

Asia-Pacific to Generate High Demand for Ceramic Foams During Forecast Period

Growth in the building & construction, chemical and electronics industries to drive the growth of global ceramic foams market

According to TechSci Research report, “Global Ceramic Foams Market By Type, By End-User Industry, By Application, By Region, By Company, Forecast & Opportunities, 2024”, the global ceramic foams market is expected to grow at a steady CAGR during the forecast period. Ceramic foams are witnessing adoption in various end user industries. Further, their role in pollution control is further propelling the global ceramic foams market. However, the cost of production of ceramic foam is high due to high price of raw materials and production technique which is likely to hamper the growth of market during forecast period.

Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on" Global Ceramic Foams Market"

The global ceramic foams market is segmented based on type, end user industry, application, region and company. Based on type, the market can be segmented into Silicon Carbide, Aluminium Oxide, Zirconium Oxide and Others. The Silicon Carbide segment is expected to dominate the market owing to its superior properties such as high strength, low thermal expansion, excellent thermal shock resistance, high wear resistance, among others. Based on end user industry, the market can be divided into Foundry, Building & Construction, Chemical Synthesis & Pollution Control, Automotive and Others. Foundry segment holds the largest market share and is anticipated to dominate the market during forecast period on account of increasing production of consumer electronics and automobiles. Based on application, the market can be fragmented into Molten Metal Filtration, Thermal & Acoustic Insulation, Automotive Exhaust Filters, Furnace Lining, Catalyst Support, Metallurgical Industry Filter and Others. The molten metal filtration segment holds a substantial market share on account of the growing demand for iron, steel, and aluminium casting across all industrial verticals.

Ultramet, Inc., Vesuvius Plc, SELEE Corporation, ERG Aerospace Corporation, Saint-Gobain Ceramics & Plastics, Inc., Pyrotek Inc., Induceramic, Lanik Ceramic Foam Filters India Pvt. Ltd., Filtec Precision Ceramics Co., Ltd., Boading Ningxin Cast Material Co., Ltd. and Others are some of the leading players operating in global ceramic foams market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“Asia-Pacific is expected to be the largest and fastest growing market during the forecast period. The growth of the market can be attributable to the increasing building and construction activities in the region. Additionally, factors such as availability of cost-effective workforce, low transportation costs, relaxed government norms in the countries like India and China have led to the shifting of many manufacturing facilities in the region. This factor would further steer growth in the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Ceramic Foams Market By Type (Silicon Carbide, Aluminium Oxide, Zirconium Oxide, Others), By End-User Industry (Foundry, Building & Construction, Chemical Synthesis & Pollution Control, Automotive, Others), By Application (Molten Metal Filtration, Thermal & Acoustic Insulation, Automotive Exhaust Filters, Furnace Lining, Catalyst Support, Metallurgical Industry Filter and Others), By Region, By Company, Forecast & Opportunities, 2024 has evaluated the future growth potential of global  Ceramic Foams market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global Ceramic Foams market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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