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Cordierite Market Share

Report ID: GMI6445
Published Date: Aug 2023
Report Format: PDF

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Cordierite Market Share

Some of the major players operating in the cordierite market are:

Corning Incorporated
NGK Insulators, Ltd
Morgan Advanced Materials plc
CoorsTek Inc.
IBIDEN Co., Ltd
Kyocera Corporation
Saint-Gobain
Dyson Technical Ceramics
Vesuvius plc
Denki Kagaku Kogyo Kabushiki Kaisha (DENKA)
LSP Industrial Ceramics, Inc.
Mantec Technical Ceramics Ltd.
SuperStone, Inc.
NGK Spark Plug Co., Ltd.
SAINI Co., Ltd.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for cordierite was valued at around USD 2.3 billion in 2022 and is estimated to reach USD 3.8 billion by the end of 2032 owing to the exceptional properties of the product like low thermal expansion, high thermal shock resistance, and excellent thermal insulation properties.

Kiln furniture held a market share of around 30% in 2022 and is expected to grow at a lucrative pace through 2032. Cordierite's thermal stability and low thermal expansion make it essential for kiln furniture and refractories to support efficient & controlled firing processes in ceramic & glass industries.

U.S. cordierite industry accounted for a revenue of USD 0.5 billion in 2022 and is anticipated to expand at a significant pace from 2023 to 2032 owing to the stringent emission regulations for vehicles and industrial processes.

Vesuvius plc, Denki Kagaku Kogyo Kabushiki Kaisha (DENKA), LSP Industrial Ceramics, Inc., Mantec Technical Ceramics Ltd., SuperStone, Inc., NGK Spark Plug Co., Ltd., SAINI Co., Ltd. among others.