Cordierite Market Size

Cordierite Market Size

Cordierite Market size was valued at around USD 2.3 billion in 2022 is projected to register a CAGR of 5.1% between 2023 and 2032. Cordierite's low thermal expansion and high thermal shock resistance make it suitable for catalytic converter substrates, which play a critical role in reducing vehicle emissions. Cordierite's excellent thermal insulation properties drive its use in refractory and insulating materials for kilns, furnaces, and other high-temperature applications.

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Cordierite substrates are used in the manufacturing of electronics, such as printed circuit boards (PCBs), due to their low thermal expansion and good electrical insulation properties. Cordierite's thermal shock resistance and low thermal expansion make it suitable for heat exchangers in various industries, including chemical processing and power generation.

The production of high-quality cordierite ceramics often involves complex processes and raw materials, which can result in relatively higher production costs compared to other materials. Cordierite's properties, while valuable for specific applications, might not be suitable for all design requirements. Cordierite ceramics can be brittle and prone to cracking under mechanical stress. Thus, the risks associated with Cordierite may drive down the acceptance rate, further hampering the business growth.