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Cordierite Ceramics Market to accrue lucrative gains over the forecast timeframe

Author : Rahul Varpe | Published Date : 2019-07-08 

Global Cordierite Ceramics Market research report is added by Global market insights, inc by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

Cordierite Ceramics Market size will witness a substantial growth owing to its increase in demand from different applications in furniture, construction, electrical, automotive and coating industry. These have excellent thermal shock resistance that enhances its consumption in kilns and furnaces. It improves resistance towards temperature variation. Ceramic industry shall grow by more than 10% in the forecast period and anticipated to propel cordierite ceramics market share.

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These have foam kind structures and its filter has efficiency to remove 99.99% of effluents (finer than 10 µm) from automobile exhaust. Stringent government regulations regarding increasing air pollution will have positive influence on product demand. Numerous countries are adopting regulations for reducing nitrous oxide content and other harmful effluents from engine emissions that shall boost cordierite ceramics market.

It is extensively used in refractory as filler to improve strength of seal and reduce thermal contraction. These are preferred over its substitutes namely lithium aluminosilicates owing to high resistivity and low permittivity. It finds application in fast firing that allows temperature variation during cooling cycle. Further, there has been growth in its consumption for fabricating thick films that provides a positive outlook to cordierite ceramics market.

There has been an increase in demand for luxury furniture with development in national economy, rise in customer spending, improved life quality and infrastructural development. Furniture industry has registered a CAGR of over 4% in 2016, that in turn has fuelled its consumption. Additionally, continuous growth in iron and steel industry has supported use of kilns.

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On the basis of application, cordierite ceramics market is classified as furniture, refractory, construction, electrical, automotive and coating industry. Refractory industry has major share owing to its use in kiln furniture, gas burners and saggars. These are used in catalyst to improve thermal expansion coefficient, flexural strength and porosity that helps in enhancing purification effects.

Coatings has substantial share in cordierite ceramics market as it finds use in thick films in glass and lowers densification and crystallization temperature. It is consumed in electrical industry for flame guards, fusible and resistors. Electrical resistor market shall witness a CAGR above 6% up to 2024 owing to its expansion in electricity networks in urban and rural regions. Additionally, these are utilized for manufacturing internal combustion components and microelectronic components owing to thermal, electrical and electromechanical properties.

Europe, led by Germany has moderate share in cordierite ceramics market with use of kiln furniture in automobiles. Further, well established and flourishing automobile industry hosting big players namely Volkswagen and Audi will enhance its utilization over the forecast period. North America has substantial share with stringent government regulations regarding vehicular emissions and expanding electrical industry. Undergoing research for its utilization in optical industry for IR reflector will enhance its share.

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Cordierite ceramics market is relatively consolidated with premium players including Kyocera, Goodfellow, CoorsTek, Trans-Tech and Tianjin Century Electronics. Other key players are STEATIT, Du-Co Ceramics, Elan Technology, IPS, Insaco, E.R. Advanced and Sonya Ceramics.

Companies are heavily spending on research and development activities to innovate new products for developing their cordierite ceramics market share. Kyoncera has improved its technology to provide solutions with better properties inclduing purity, light weight and easy to clean.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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