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Cordierite Market Trends

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

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Cordierite Market Trends

Increasing emphasis on sustainability and environmental responsibility is driving the adoption of cordierite in applications that promote energy efficiency and reduce emissions, such as catalytic converters and energy-efficient kiln furniture. The adoption of advanced manufacturing techniques, including additive manufacturing (3D printing), is enabling the production of complex cordierite-based components with precise geometries, enhancing their performance in various applications.

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.