NEW YORK , June 24, 2022 /PRNewswire/ -- As per Zion Market Research study, The global fireproof ceramics market is predicted to grow to USD 8.8 billion by 2028, up from USD 6.59 billion in 2021. The worldwide fireproof ceramics market is expected to grow at a CAGR of 12.31 percent over the projected period.
Key Industry Insights & Finding of the FMCG Packaging Market Reports:
As per the analysis shared by our research analyst, the FMCG Packaging Market is expected to grow annually at a CAGR of around 12.31 % (2022-2028).
Through the primary research, it was established that the FMCG Packaging Market was valued approximately USD 6.59 Billion in 2021 and is projected to reach to roughly USD 8.8 Billion by 2028.
Increased consumption of fireproof ceramics in developing nations such as India and China , Asia Pacific dominated the global fireproof ceramics market by more than 32% in 2021.
China is the world's largest steel-producing country, according to the World Steel Association, accounting for 53.3 percent of global steel output in 2019.
Rising productivity in the petrochemical and power generation industries, the market in the North American region is expected to increase significantly.
Fireproof ceramics are widely employed in many end-users such as iron & steel, ceramic & steel, and petrochemical because of these qualities.
Zion Market Research published the latest report titled as "Fireproof Ceramics Market By Product Type (Bulk Fiber, Blankets, Modules & Logs, Papers, & Others), By Application (Iron & Steel, Ceramic & Glass, Petrochemicals, Power Generations, Aluminum Industry, Cement & Lime Industry, Ceramic & Glass Industry, Heat Treatment Industry, & Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028." into their research database.
Fireproof ceramics refers to materials that are heat resistant, protect against high temperatures, and insulate. A small quantity of binder material is present in fireproof ceramic materials which are generally burned at a lower temperature and have no effect on the insulating properties. Alumina and silica are the main components of fireproof ceramics, which have a low thermal conductivity. As a result, they've become popular in applications requiring high-temperature insulation and protection. It is widely used in welding, foundry works, aluminum & steel mills, boiler insulation & seal, shipyards, refineries, power plants, and chemical plants, and is featured with heat insulation and high-temperature protective materials in all kinds of thermal installations and heat-conducting systems.
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FMCG Packaging Market : Growth Drivers
Increased demand for fireproof ceramics in the iron and steel industry to drive market growth.
High-temperature textiles made of fireproof ceramics are used as insulating linings in metallurgical ovens & furnaces, petrochemical heaters, and ceramic kilns. These ceramic fibers are high-temperature refractory clays that are employed as primary and backup linings in petrochemical critical applications. These have several benefits which are widely valued in end-use industries. Ceramic fiber is a versatile substance that may be used to confine or manage high temperatures, making it a perfect material for a variety of manufacturing enterprises. As a result, the global demand for fireproof ceramics is expected to rise.
Fragile fireproof ceramic products in the electronics industry to resist market growth.
The manufacturing cost of fireproof ceramic electronic components is high, and most of the products are fragile and easily susceptible to damage. This could stifle both volume and revenue growth in the global market. Replacements of fireproof ceramic components can be expensive in the event of damage or breakage.
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Global FMCG Packaging Market : Opportunities
Development of electronic components under the fireproof ceramic sector.
The usage of multilayer ceramic capacitors (MLCCs) in popular electronics devices such as smartphones, memory drives, and wearable gadgets is the most significant potential now forming in the worldwide fireproof ceramics market. The medical sector is also driving up demand for fireproof ceramics, thanks to increased sales of hip replacement implants and dental implants, which provides opportunities for growth for the global fireproof ceramics market.
Global FMCG Packaging Market : Challenges
High maintenance costs to create a hindrance in fireproof ceramic market growth.
Fireproof ceramic materials have high thermal conductivity and can withstand extreme temperatures. Fireproof ceramics are widely employed in many end-users such as iron & steel, ceramic & steel, and petrochemical because of these qualities. However, burnt clay is a delicate material. It is easily broken during production, and replacement of this material is, therefore, necessary in the event of any damage. As a result, the high cost of maintenance during the manufacturing of ceramics may stifle the growth of the fireproof ceramic industry.
Global FMCG Packaging Market : Segmentation
The global fireproof ceramics market is divided into two main categories, first based on product type, and second, based on application.
By product type, the market is segregated into bulk fiber, blankets, modules & logs, papers, & others. In 2021, the blanket product type category accounted for a large portion of the fireproof ceramics market. Blanket ceramic is ideal for settings when flames are present. These are utilized as insulation in power generating and the petrochemical industries because they are stable at high temperatures.
By application, the market is divided into iron & steel, ceramic & glass, petrochemicals, power generations, aluminum industry, cement & lime industry, ceramic & glass industry, heat treatment industry, & others. In 2021, the iron & steel category dominated the fireproof ceramics market. Refractory clay's fireproof ceramics provide refractory-designed solutions and help the iron & steel industries boost productivity. Because these materials are lightweight and flexible, less labor is required during installation. Fireproof refractory clay is mostly used in the construction of kilns and vessels for material processing such as melting and high-temperature chemical reactions. The need for fireproof ceramics is fast increasing since it is meant to safeguard structural steel that supports high-risk or valuable equipment, ensuring the growth of the iron and steel category in the global market.
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List of Key Players of FMCG Packaging Market :
Saint-Gobain Ceramics and Plastics Ltd.
Key questions answered in this report:
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By Product Type, By Application, and By End Use
Value (USD Billion), and Volume (Units)
Revenue in USD million/billion and CAGR from 2022 to 2028
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Saint-Gobain Ceramics and Plastics Ltd., NGP Industries Limited, Saffil Ltd., Morgan te3chnocal Ceramics, Rodabell Group, Zircar Ceramics Inc., and JIA Inc.
Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
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In 2019, Purdue University , Indiana , developed a new plastic material by blending two organic materials that can conduct electricity without breaking down up to 428°F, making a breakthrough in the fireproof ceramics product line.
In 2020, researchers from Donghua University presented a new ceramic aerogel from nanofibers and nanoparticles of SiO2 that can be used for high-end technological products and can be used in space.
North American region to depict significant growth over the forecast period.
Due to the increased consumption of fireproof ceramics in developing nations such as India and China , Asia Pacific dominated the global fireproof ceramics market by more than 32% in 2021. Steel production is expected to increase, propelling the market scenario. China is the world's largest steel-producing country, according to the World Steel Association, accounting for 53.3 percent of global steel output in 2019. In this region, rising steel demand is likely to boost the market for fireproof ceramic. The expansion of the fireproof ceramics market is likely to be aided by rising government efforts supporting infrastructure development.
During the forecast period, because of rising productivity in the petrochemical and power generation industries, the market in the North American region is expected to increase significantly. Furthermore, the region's growing ceramic and glass industry is expected to drive industrial growth in this region over the forecasted period.
Global FMCG Packaging Market is segmented as follows:
FMCG Packaging Market : By Product Outlook (2022-2028)
FMCG Packaging Market : By Application Outlook (2022-2028)
FMCG Packaging Market : By Region Outlook (2022-2028)
Rest of Middle East & Africa
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Composite Adhesives Market - Global Industry Analysis: The global Composite Adhesives Market accrued earnings worth approximately 3.4 (USD Billion) in 2020 and is predicted to gain revenue of about 5.7(USD Billion) by 2028, is set to record a CAGR of nearly 4.2% over the period from 2021 to 2028.
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