Market Snapshot

CAGR:5.30%
2020
2028

Source: Reports and data

RND-Favicon
Study Period 2020-2028
Base Year 2019
CAGR 5.30%
Ceramic Foams Market-companies
Ceramic Foams Market-Snapshot

Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries

Download Sample Pdf
Download Sample Pdf

Market Synopsis:

The global ceramic foams market size was USD 407.33 Million in 2020 and is expected to register a revenue CAGR of 5.3% during the forecast period. increasing application of ceramic foams as Filters in Metal Casting industry, shifting preference towards thermally insulated and soundproof residential and commercial infrastructure, and increasing usage of ceramic foams in controlling environmental pollution are some major factors driving market revenue growth. Ceramic foam is hardened foam created from different types of oxidized or non-oxidized ceramics such as Titanium oxide, silicon carbide, and Aluminum oxide. It has multiple properties including low thermal conductivity, extreme filtration capabilities, and high temperature resistance. Ceramic foams are widely used in different industrial applications such as pollutant absorption, acoustic and thermal insulation, and molten alloy filtering.

Some of the widely used materials that are used in the production of ceramic foams are silicon carbide, aluminum oxide, Zirconium oxide, and others. Silicon carbide-based ceramic foam is a low density permeable material. It offers high porosity, mechanical strength, thermal conductivity, oxidation resistance, and corrosion resistance. Aluminum oxide offers low thermal conductivity, high corrosion resistance, excellent vibration, and noise absorption properties. It is primarily used in manufacturing chemical beds and scrubbers, Heat Exchangers, filters and mist eliminators, and Battery plates. Zirconium oxide or zirconia is a white colored crystalline oxide of zirconium. It has high thermal conductivity, and mechanical resistance properties. It is used in the molten Steel filtration process to prevent corrosion.

Increasing industrialization, rising disposable income, increasing demand for consumer electronics and vehicles in developing countries are some key factors expected to continue to drive revenue growth of the global ceramic foams market over the forecast period.

ceramic-foam-market-type-outlook

Market Dynamics:
Driver: Increasing application of ceramic foam in metal casting industry

Increasing application of ceramic foams in metal casting industry due to various advantages such as light weight, low thermal conductivity, high temperature stability, and high porosity is one a major factor fueling revenue growth of the ceramic foams market. In addition, increasing industrialization and rising demand for consumer electronics and vehicles in developing countries are expected to boost revenue growth of the global ceramic foams market going ahead.

Restraint: High price of raw materials

High cost of the raw materials required for the production of ceramic foam is expected to restrain revenue growth of the global ceramic foams market to some extent over the forecast period.

Factors opening up revenue opportunities for various players in the market include technological advancements in production techniques and development of more economical manufacturing processes and offering of more cost-effective products in the market.

Key Takeaways
Type Outlook:

Based on type, the global ceramic foams market has been segmented into silicon carbide, aluminum oxide, zirconium oxide, and others. Silicon carbide segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing demand for silicon carbide in iron casting applications due to various advantages such as high strength, high thermal shock resistance, excellent wear resistance, high chemical resistance, and low thermal expansion.

ceramic-foam-market-region-outlook

Application Outlook:

Based on application, the global ceramic foams market has been segmented into molten metal filtration, thermal & Acoustic Insulation, and automotive exhaust filters. Molten metal filtration segment accounted for largest revenue share in global market in 2020. This can be attributed to increasing use of ceramic foams in molten metal filtration processes of iron, aluminum, and steel.

End-Use Outlook:

Based on end-use, the global ceramic foams market has been segmented into foundry, chemical synthesis & pollution control, building & construction, automotive, and others. Foundry segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing consumption of consumer devices and vehicle manufacture.

Regional Outlook:

Based on regional analysis, North America is expected to register significantly larger revenue share over the forecast period. United States and Canada are the largest revenue share contributors to the market in the region. Increasing application of insulation materials, and rising demand for vehicles are some major factors driving revenue growth of the market in this region. 

Asia Pacific market accounted for 20.7% revenue share in the global market in 2020, which is expected to expand at a rapid CAGR over the forecast period. This can be attributed to increasing industrialization, rising disposable income, and growing consumption of consumer devices.

Europe accounted for largest revenue share in the global market in 2020. Rapid developments in the construction sector and advancements in ceramic foam processing technologies are some major factors driving revenue growth of the market in this region.

Competitive Landscape:

The global ceramic foams market is highly fragmented and major companies are increasingly investing in research and development activities. Some major companies in the market 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.

Some key developments in the market:

  • In July 2021, University of Alabama announced the development of a new composite foam material. It consists of Hafnium carbide and silicon carbide and will be used to absorb engine combustion noise.
  • In July 2020, Foseco launched KALPUR direct pouring device for metal casting. This device consists of three main components; high strength FEEDEX exothermic feeder with a metallic lid, a ceramic foam filter, and breaker core.

Segments Covered in the Report:

This report offers historical data points and provides forecasts of revenue growth at global, regional, and country levels, as well as analysis of the market trends in each segment and sub-segment from 2020 to 2028.

For this study, Reports and Data has segmented the global ceramic foams market based on type, application, end-use, and region:

Ceramic Foams Market Report Scope

PARAMETERS DETAILS
The market size value in 2020 USD 407.33 Million
CAGR (2020 - 2028) 5.3%
The Revenue forecast in 2028

USD 620.35 Million

Base year for estimation 2019
Historical data 2017-2018
Forecast period 2020-2028
Quantitative units
  • Revenue in USD Million

  • CAGR from 2020 to 2028

Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered By Type Outlook, Application Outlook , End-Use Outlook,Regional Outlook
By Type Outlook
  • Silicon Carbide
  • Aluminum Oxide
  • Zirconium Oxide
  • Others
By Application Outlook
  • Molten Metal Filtration
  • Thermal & Acoustic Insulation
  • Automotive exhaust Filters
By End-Use Outlook 
  • Foundry
  • Chemical Synthesis & Pollution Control
  • Building & Construction
  • Automotive
  • Others
Regional scope North America; Europe; Asia Pacific; Latin America ; Middle East & Africa
Country scope U.S.; Canada; U.K.; Germany; France; BENELUX; China; India; Japan; South Korea; Brazil; Saudi Arabia; UAE; Turkey
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., and Baoding Ningxin New Material Co., Ltd.
Customization scope 10 hrs of free customization and expert consultation

REQUEST SAMPLE REPORT

Get Free Sample Report

REQUEST SAMPLE REPORT

REQUEST FOR CUSTOMIZATION

Tailor-make Your Research

REQUEST CUSTOMIZATION

Key questions answered by the report