Sarasota, FL -- (SBWIRE) -- 09/05/2018 -- Zion Market Research has published a new report titled "Fireproof Ceramics Market by Product (Bulk, Blanket, Board, Paper, Module, and Others) and by Applications (Iron & Steel, Petrochemicals, Ceramics & Glass, Aluminum, Power Generation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024". According to the report, global fireproof ceramics market was valued at USD 3.94 billion in 2017 and is expected to reach USD 7.73 billion in 2024 growing at a CAGR of 10.1% between 2018 and 2024.

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The global fireproof ceramics market is expected to observe major growth over the forecast period on account of increasing demand from the construction industry. Fireproof ceramics production can persevere through volatile temperatures without splitting or breaking. Fireproof ceramics, when passed to a specific temperature, shed their external layer and go up against heatproof qualities.

Global fireproof ceramics market has been observing strong growth in recent years. The global demand for fireproof ceramic tiles is anticipated to grow not only from the construction sector but also from the consumer electronics industry. Changing consumer preferences and rapid urbanization coupled with the increased requirement for cost-effective construction materials contribute to the growth of the global fireproof ceramics market. Fireproof ceramics are suitable for various applications and have generated a massive demand in 2017. Environmental friendly nature, high acceptance rate, and huge requirement from end-user industries are expected to propel the fireproof ceramics market in the forecast period. However, high maintenance cost can prove to be a major restraint for the fireproof ceramics market within the forecast period. In case of damage and breakage, substitutions of flame resistant fireproof ceramics can be costly. Sufficient raw material accessibility helps to raise the market. The manufacturing companies are focusing on developing innovative products thus anticipating to open new opportunities for the market.

Fireproof ceramics production was broadly utilized as a part of the iron and steel industry representing more than 30% of the overall industry. The products are utilized mostly as modules. Iron & steel industry is driving the demand for fireproof ceramics due to its huge demand from various end-user industries like construction, automotive, marine, and aviation.

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In 2017, Asia Pacific held the largest share of the global fireproof ceramics market. It registered for 40% plus a share of the global fireproof ceramics market. Government is encouraging the manufacturing industries to expand and open doors for foreign direct investments (FDI) in the emerging economies. The Asia Pacific is anticipated to have an increased demand for the fireproof ceramics due to the rising positive regulations in the region. Moreover, the fireproof ceramics market has huge opportunities in the emerging markets of the Middle East & Africa because of increasing production of steel in this region and the rising investment in manufacturing industries and construction. Increasing investments in the infrastructure development and construction activities are projected to augment demand for the product over the forecast period.

Some of the major players of the global fireproof ceramics market include Saint-Gobain Ceramics and Plastics Ltd., Jagdamba Minerals, Rath Inc., Jia Inc., NGP Industries Limited, Zircar Ceramics Inc. Saffil Ltd., Skamol A/S, Luyang Energy-Saving Materials Co., Ltd., Unifrax I LLC., Isolite Insulation Products, BIDEN Co. Ltd., Zibo Jiuchen Trade, and Morgan Technical Ceramics, among others.

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The report segments the global fireproof ceramics market as

Global Fireproof Ceramics Market: Product Analysis

Bulk
Blanket
Board
Paper
Module

Global Fireproof Ceramics Market: Applications

Iron & Steel
Petrochemicals
Ceramics & Glass
Aluminum
Power Generation
Others

Global Fireproof Ceramics Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa