Ceramic Foams Market Size is Estimated to USD 620.35 Million By 2028

Posted 2023-12-13 08:11:54

Market Overview: The global ceramic foams market achieved a size of USD 407.33 million in 2020, with an anticipated revenue compound annual growth rate (CAGR) of 5.3% during the forecast period. Several factors contribute to this growth, including the increased use of ceramic foams as filters in the metal casting industry, a shift towards thermally insulated and soundproof residential and commercial structures, and the growing adoption of ceramic foams for environmental pollution control. Ceramic foam, composed of various ceramics like Titanium oxide, silicon carbide, and Aluminum oxide, exhibits properties such as low thermal conductivity, exceptional filtration capabilities, and resistance to high temperatures. It finds extensive applications in industries for pollutant absorption, acoustic and thermal insulation, and filtering molten alloys.

Segments Covered in the Report: This report provides historical data and forecasts revenue growth at global, regional, and country levels, analyzing market trends in each segment and sub-segment from 2020 to 2028.

The global ceramic foams market is segmented based on type, application, end-use, and region:

Type: Silicon Carbide, Aluminum Oxide, Zirconium Oxide, Others
Application: Molten Metal Filtration, Thermal & Acoustic Insulation, Automotive Exhaust Filters
End-Use: Foundry, Chemical Synthesis & Pollution Control, Building & Construction, Automotive, Others
Regional Scope: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Key Companies Profiled: Ultramet, Vesuvius Plc, SELEE Corporation, ERG Aerospace Corp, Saint-Gobain High-Performance Refractories, Pyrotek, Induceramics, Drache GmbH, Pingxiang Yingchao Chemical Packing Co Ltd., Baoding Ningxin New Material Co., Ltd.

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The global ceramic foams market is poised for continued growth due to increasing industrialization, rising disposable income, and the growing demand for consumer electronics and vehicles, particularly in developing countries.

Market Dynamics: Driving Factors: The increasing use of ceramic foam in the metal casting industry is a significant driver. This is attributed to the material's advantages, including lightweight, low thermal conductivity, high temperature stability, and high porosity. Additionally, the global ceramic foams market benefits from increasing industrialization and the rising demand for consumer electronics and vehicles in developing countries.

Materials commonly used in ceramic foam production include silicon carbide, aluminum oxide, Zirconium oxide, and others. Silicon carbide-based ceramic foam is a lightweight, permeable material with high porosity, mechanical strength, thermal conductivity, oxidation resistance, and corrosion resistance. Aluminum oxide offers low thermal conductivity, high corrosion resistance, and exceptional noise absorption properties, making it ideal for chemical beds, scrubbers, heat exchangers, filters, mist eliminators, and battery plates. Zirconium oxide, or zirconia, is a white crystalline oxide known for its high thermal conductivity and mechanical resistance, used in the molten steel filtration process to prevent corrosion.

Challenges: One of the challenges is the high cost of raw materials required for ceramic foam production, which may somewhat hinder market revenue growth in the forecast period.

Opportunities: The market presents opportunities through technological advancements in production techniques, the development of more cost-effective manufacturing processes, and the offering of more economical products.

Key Takeaways: Type Overview: The global ceramic foams market is categorized into different types, including silicon carbide, aluminum oxide, zirconium oxide, and others. In 2020, the silicon carbide segment held the largest revenue share globally, driven by its increasing demand in iron casting applications due to its advantages, such as high strength, thermal shock resistance, wear resistance, chemical resistance, and low thermal expansion.

Application Overview: The market's applications are divided into molten metal filtration, thermal & acoustic insulation, and automotive exhaust filters. Molten metal filtration was the leading application in 2020, primarily due to the increasing utilization of ceramic foams in the filtration processes of iron, aluminum, and steel.

End-Use Overview: The end-use segments consist of foundry, chemical synthesis & pollution control, building & construction, automotive, and others. The foundry segment dominated the market in 2020, attributed to the rising consumption of consumer devices and vehicle manufacturing.

Regional Overview: North America is expected to hold a significantly larger revenue share in the forecast period, with the United States and Canada contributing the most to the region. This growth is driven by the increased use of insulation materials and the rising demand for vehicles. Asia Pacific accounted for 20.7% of the global market's revenue share in 2020 and is expected to experience rapid growth due to increased industrialization, rising disposable income, and growing consumer device consumption. Europe led the market in 2020, supported by developments in the construction sector and advancements in ceramic foam processing technologies.

Competitive Landscape: The global ceramic foams market is fragmented, with major companies actively investing in research and development. Key market players include Ultramet, Vesuvius Plc, SELEE Corporation, ERG Aerospace Corp, Saint-Gobain High-Performance Refractories, Pyrotek, Induceramics, Drache GmbH, Pingxiang Yingchao Chemical Packing Co Ltd., and Baoding Ningxin New Material Co., Ltd.

Notable Developments:

In July 2021, the University of Alabama announced the development of a new composite foam material made from Hafnium carbide and silicon carbide, designed to absorb engine combustion noise.
In July 2020, Foseco introduced the KALPUR direct pouring device for metal casting, consisting of a high-strength FEEDEX exothermic feeder, a ceramic foam filter, and a breaker core.

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