Market Overview: The global Metallic & 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.
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.
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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.
Ceramic Foams Market: Drive factors
The Metallic & Ceramic Foams market experiences growth and is driven by several key factors, including:
- Increased Use in Metal Casting Industry: Ceramic foams are increasingly employed in the metal casting industry due to their lightweight nature, low thermal conductivity, high temperature stability, and excellent porosity. These characteristics make them valuable for various casting applications, boosting market growth.
- Thermal and Acoustic Insulation: The demand for thermally insulated and soundproof residential and commercial structures has grown, and ceramic foams are used to achieve these properties. This trend drives market growth as more construction projects incorporate ceramic foams for insulation purposes.
- Environmental Pollution Control: The use of ceramic foams in controlling environmental pollution is on the rise. These materials are effective in pollutant absorption, making them valuable in industrial applications aimed at reducing environmental pollution, thereby contributing to market growth.
- High Temperature Resistance: Ceramic foams exhibit high temperature resistance, making them suitable for applications in industries with extreme heat conditions. This property enhances their value and increases their adoption in various high-temperature processes and applications.
- Filtration Capabilities: Ceramic foams are known for their exceptional filtration capabilities, particularly in molten alloy filtering. This quality is essential in industries where precise and efficient filtration is required, such as metal casting, leading to market growth.
- Increasing Industrialization: The global trend of industrialization, especially in developing countries, provides a continuous demand for advanced materials like ceramic foams, as they have a wide range of industrial applications, further propelling market growth.
- Rising Disposable Income: As disposable income levels increase, there is a greater demand for consumer goods and vehicles. This drives the need for ceramic foams, which are used in various manufacturing processes related to these products.
These factors collectively contribute to the growth and expansion of the Metallic & Ceramic Foams market.
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.
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