Cordierite Ceramics Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI1978
Cordierite Ceramics Market size will witness a substantial growth owing to its increase in demand from different applications in furniture, construction, electrical, automotive and coating industry. These have excellent thermal shock resistance that enhances its consumption in kilns and furnaces. It improves resistance towards temperature variation. Ceramic industry shall grow by more than 10% in the forecast period and anticipated to propel cordierite ceramics market share.
These have foam kind structures and its filter has efficiency to remove 99.99% of effluents (finer than 10 µm) from automobile exhaust. Stringent government regulations regarding increasing air pollution will have positive influence on product demand. Numerous countries are adopting regulations for reducing nitrous oxide content and other harmful effluents from engine emissions that shall boost cordierite ceramics market.
It is extensively used in refractory as filler to improve strength of seal and reduce thermal contraction. These are preferred over its substitutes namely lithium aluminosilicates owing to high resistivity and low permittivity. It finds application in fast firing that allows temperature variation during cooling cycle. Further, there has been growth in its consumption for fabricating thick films that provides a positive outlook to cordierite ceramics market.
There has been an increase in demand for luxury furniture with development in national economy, rise in customer spending, improved life quality and infrastructural development. Furniture industry has registered a CAGR of over 4% in 2016, that in turn has fuelled its consumption. Additionally, continuous growth in iron and steel industry has supported use of kilns.
Cordierite or iolite are magnesium iron aluminium cyclosilicate with continuous presence of iron and solid solution between magnesium rich and ferrous rich sekaninaite. These are isostructural with beryl and has aluminium distribution in (Si,Al)6O18 rings. It occurs in contact with metamorphism of politic rocks and found commonly in hornfels fabricated by metamorphism of politic rocks. Its manufacturing process aligns the crystals to form ring along one axis.
Major restriction for cordierite ceramics market is high initial cost. It involves expensive starting materials having low yield and complex processing procedures that reduces cost efficiency in low scale manufacturing. Further, naturally occurring minerals are not abundant and impure that requires pre-processing prior to fabrication. However, growing large scale production and readily availability of raw materials for fabrication shall overcome these constraints in longer run.
On the basis of application, cordierite ceramics market is classified as furniture, refractory, construction, electrical, automotive and coating industry. Refractory industry has major share owing to its use in kiln furniture, gas burners and saggars. These are used in catalyst to improve thermal expansion coefficient, flexural strength and porosity that helps in enhancing purification effects.
Coatings has substantial share in cordierite ceramics market as it finds use in thick films in glass and lowers densification and crystallization temperature. It is consumed in electrical industry for flame guards, fusible and resistors. Electrical resistor market shall witness a CAGR above 6% up to 2024 owing to its expansion in electricity networks in urban and rural regions. Additionally, these are utilized for manufacturing internal combustion components and microelectronic components owing to thermal, electrical and electromechanical properties.
Asia Pacific accounts for substantial share in global cordierite ceramics market owing to high demand for kiln furniture. There has been growth in low temperature firing kiln furniture used for fire products namely tableware in countries including Taiwan, South Korea and India. Companies are drifting towards this region for low cost of production that in turn has propelled utilization of high temperature alumina kiln furniture.
Europe, led by Germany has moderate share in cordierite ceramics market with use of kiln furniture in automobiles. Further, well established and flourishing automobile industry hosting big players namely Volkswagen and Audi will enhance its utilization over the forecast period. North America has substantial share with stringent government regulations regarding vehicular emissions and expanding electrical industry. Undergoing research for its utilization in optical industry for IR reflector will enhance its share.
Cordierite ceramics market is relatively consolidated with premium players including Kyocera, Goodfellow, CoorsTek, Trans-Tech and Tianjin Century Electronics. Other key players are STEATIT, Du-Co Ceramics, Elan Technology, IPS, Insaco, E.R. Advanced and Sonya Ceramics.
Companies are heavily spending on research and development activities to innovate new products for developing their cordierite ceramics market share. Kyoncera has improved its technology to provide solutions with better properties inclduing purity, light weight and easy to clean.
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