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Cordierite Ceramics Market Size
Cordierite Ceramics Market is projected to grow at significant CAGR from 2024 to 2032, owing to surging demand in different applications across the furniture, construction, electrical appliances, automotive, and coating industries. The Consumer Technology Association has estimated a 2.8% increase in the U.S. retail sales of consumer tech to reach USD 512 billion in 2024. Since cordierite ceramics have excellent thermal shock resistance, they are widely utilized in kilns and furnaces. They also improve resistance towards temperature variation. The significant growth of the ceramic industry is anticipated to propel the market share.
Stringent government regulations regarding increasing air pollution will have a positive influence on the demand for cordierite ceramics. Numerous countries are adopting regulations for reducing nitrous oxide content and other harmful effluents from engine emissions. Cordierite ceramics are used extensively in refractory as a filler to improve the strength of seal and reduce thermal contraction, increasing its preference over substitutes like lithium aluminosilicates owing to high resistivity and low permittivity. It also finds application in fast firing that allows temperature variation during the cooling cycle. The rising product usage for the fabrication of thick films is also expected to foster the business outlook. However, high production costs, limited availability of raw materials, and competition from alternative materials in certain applications may restrain the product demand to a certain extent.
Cordierite Ceramics Market Trends
Thermal shock resistance and low thermal expansion properties of cordierite ceramics in automotive emissions control applications are making them ideal for use in catalytic converters and diesel particulate filters. Rising improvements in manufacturing technologies are enabling the production of more complex and precise cordierite ceramic components, further expanding their application scope in electronics, kiln furniture, and heat exchanger sectors. The development of eco-friendly and energy-efficient production processes is also reflecting the high emphasis on sustainability, adding to the industry growth.
Cordierite Ceramics Market Analysis
With respect to type, the market share from the solid-state synthesis segment is anticipated to register commendable growth between 2024 and 2032, due to their simplicity and cost-effectiveness. Solid-state synthesis offers advantages, such as precise control over composition and phase purity. The ability to produce cordierite ceramics with tailored properties suitable for various applications, including automotive catalyst supports and electronic substrates is also driving the segment growth.
Cordierite ceramics industry value from the refractory application segment is anticipated to rise at notable rate through 2032. This is due to the exceptional thermal shock resistance and low thermal expansion properties of cordierite ceramics, making them highly suitable for refractory applications in industries like steel, glass, and ceramics. Superior chemical stability and resistance to corrosion exhibited by cordierite ceramics has also stirred their adoption for lining materials in furnaces, kilns, and other high-temperature industrial processes.
Asia Pacific cordierite ceramics market is slated to witness substantial gains from 2024 to 2032, owing to the rapid industrialization and infrastructure development in emerging economies like China and India. Cordierite ceramics are recording widespread demand in various applications, such as automotive, electronics, and construction. As per the Society of Indian Automobile Manufacturers, the domestic passenger vehicles sales in India reached 3,93,074 units in January 2024. The expanding automotive industry coupled with stringent emissions regulations is boosting the demand for cordierite ceramic substrates in catalytic converters. Increasing investments in the electronics sector and the rising adoption of cordierite ceramics in manufacturing processes will also drive the regional market growth.
Cordierite Ceramics Market Share
Key players in the cordierite ceramics industry are utilizing inorganic growth tactics, such as mergers, acquisitions, partnerships, and innovative product launches to increase their market presence.
Some of the renowned cordierite ceramics companies are:
- Trans-Tech
- CoorsTek
- Tianjin Century Electronics
- Kyocera
- STEATIT
- E.R. Advanced Elan Technology
- Sonya Ceramics
- Du-Co Ceramics
- Insaco
Cordierite Ceramics Industry News:
- In June 2022, Momentive Technologies, a leading provider of advanced materials, signed an agreement to acquire the crucibles product line of CoorsTek, to provide full range of crucible size to its silicon semiconductor customers.