Global rise in fireproof ceramics penetration in various end-use industries such as chemicals, electronics and explosives coupled with growing infrastructure industry in emerging markets of Asia Pacific and Latin America is expected to be the key driving factor for fireproof ceramic market growth over the next seven years. It is used in making of fireproof ceramic walls, ceramic papers and floor tiles and medical grade ceramics owing to high temperature resistant property. Growing cosmetic dentistry demand is expected to fuel medical grade ceramics growth which in turn is expected to drive the market growth. Increasing multilayer ceramic capacitor (MLCC) application in mobile device manufacturing is expected to augment fireproof ceramic market growth. Positive impact on global market growth is anticipated owing to expanding infrastructure industry in Africa and aforementioned factors.
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Flooring applications have grown owing to increased fire accidents at workplace and industries. Rising safety standards is expected to be the key driving factor of fireproof ceramics market growth over the forecast period. China remains the largest producer of fireproof ceramics followed by Ukraine. Renovation and refitting of residential buildings as a substitute of traditional ceramic tiles is slated to drive fireproof ceramic market growth. High maintenance and replacement cost is anticipated to obstruct growth and pose challenges to industry participants over the forecast period. Durability and chemical resistance coupled with color permanence is expected to yield opportunity for fireproof ceramics industry participants. Visual appeal, hygiene and resistance to abrasion are expected to create immense opportunities for market players.
Asia Pacific was the dominant regional market for fireproof ceramics over the past few years owing to high demand in construction applications. China, South Korea and Taiwan are anticipated to drive fireproof ceramics demand for MLCC on account of increased electronic production. Major fireproof ceramics manufacturers are based in China, India, Latin America, Italy and Middle Eastern countries. Major consumers include developed countries with large industrial base such as U.S., Ukraine and developing countries in Asia Pacific, Latin America and Middle East. Exports are driven by Europe producing innovative and new fireproof ceramic tiles. North America is relatively a matured market demand primarily driven by growing importance in manufacturing industries.
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