Ceramic Foams Market Share

The global ceramic foams market is estimated to be USD 343.2 million in 2018 and is projected to reach USD 441.7 million by 2023, at a CAGR of 5.2% between 2018 and 2023. Ceramic foams are porous substances made from ceramic materials. They are of different types depending on various applications such as alumina, silicon carbide, zirconia oxide, magnesia, etc. These materials possess a wide range of properties such as chemical stability, large surface area through-hole rate, corrosion resistance, high strength, good thermal shock resistance, and are lightweight. Thus, due to the aforementioned properties, ceramic foams are used in numerous applications.

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The report "Ceramic Foams Market by Type (Silicon Carbide, Aluminum Oxide, Zirconium Oxide), Application (Molten Metal Filtration, Thermal & Acoustic Insulation, Automotive exhaust Filters), End-use Industry (Foundry, Automotive), and Region - Global Forecast to 2023", The global ceramic foams market is estimated to be USD 343.2 Million in 2018 and is projected to reach USD 441.7 Million by 2023, at a CAGR of 5.2% between 2018 and 2023. The market is witnessing growth due to the increasing use of ceramic foams in the metal casting application. Strict pollution control regulations and demand for thermally insulated and soundproof materials in building & construction are some of the factors driving the ceramic foams market.

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“Silicon carbide was the largest type segment of the ceramic foams market in 2017.”

Silicon carbide-based ceramic foams were the largest type of ceramic foams consumed in 2017. This can be attributed to the growing demand for grey and ductile iron cast from the foundry industry. These ceramic foams are increasingly being used in the iron casting application, which is driving its demand globally.

“Molten metal filtration was the largest application segment of the ceramic foams market in 2017.”