Ceramic Foams Market size is forecast to reach $540.3 million by 2026, after growing at a CAGR of 5.1% during 2021-2026. Ceramic foams are a tough foam with high porosity cellular structure of open-cell or closed-cell foam made from ceramics. These foams have lightweight, high strength, and low thermal conductivity materials properties. The growing use of ceramic foam in medical applications due to its ability to sustain and encouraging the growth of human cells is driving the market. Moreover, increased use of ceramic foam-based products like acoustic insulation, solid oxide fuel cells, Molten Metal Filtration, and Automotive Exhaust Filters to control environmental pollution, due to its excellent absorption and surface filtration properties are driving the growth of the market. Whereas, the growing urbanizations in the emerging nations is also contributing to the growth of Ceramic Foams Market share globally.
The COVID-19 pandemic continues to unfold every day with severe impact on people, communities, and businesses. The pandemic has hindered the Ceramic Foams Market growth. As there many end use industries for ceramic foam a facing a slow growth like the aerospace industry and construction industry, due to reverse migration of workers, consumer focus on saving & avoid discretionary spending and reduce government investment. Furthermore, the manufacturing sector is also facing a contraction due to the pandemic, which has hindered the growth of the market.
Ceramic Foams Market Segment Analysis – By Material
Silicon Carbide segment held the largest share of more than 35% in the Ceramic Foams market in 2020. Silicon carbide, also known as SiC, is a semiconductor base material that consists of pure silicon and pure carbon. Silicon carbide is an advanced-grade ceramic used in manufacturing foams like acoustic insulation, solid oxide fuel cells, Molten Metal Filtration, and Automotive Exhaust Filters. Silicon Carbide has low thermal expansion, high strength, excellent thermal shock resistance, high wear resistance, and chemical resistance. Such properties of silicon carbide make it a preferred material to use across various end-use industry like metallurgy, chemical industry, energy, electronics, transportation, machinery, national defense, environmental protection, and biology. Therefore, the growing demand across these industries are likely to drive the demand for silicon carbide-based ceramic foams during the forecast period.
Ceramic Foams Market Segment Analysis – By Application
Sound & Heat Insulation segment held the largest share of more than 30% in the Ceramic Foam Market in 2020. The Ceramic Foam is widely used as a Sound & Heat Insulation to reduce heat and sound in commercial, industrial, and military applications. In manufacturing and processing facilities, these ceramic foams are also used as insulators with machine enclosures, pipes, and valves. Ceramic foam insulation has a low density of 0.2-0.5 g/cm3, it also features high strength and excellent thermal shock resistance, and also provide high-temperature insulation up to 1750 °C. Ceramic Foam is a great substitute for Aluminosilicate, Mullite and Alumina Ceramic Fiber especially for providing heat and sound insulation. Therefore, the increasing demand for both heat & sound insulators will boost the demand for the ceramic foam market during the forecast period.
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Ceramic Foams Market Segment Analysis – By End-Use Industry
Automotive segments held the largest share of more than 25% in the Ceramic Foam Market in 2020. Ceramic Foam is used to improve the efficiency of automotive vehicles and also to address the functional requirement. Carbon emission is one of the main concerns that the world is facing today, as they cause harm to the environment. To tackle this problem, ceramic foams based products like acoustic insulation, Molten Metal Filtration and Automotive Exhaust Filters are widely being used in automobile filters, which filter out pollutants. Ceramic Foams are also used as insulators in automobiles for their ability to withstand extremely high temperatures and ability to suppress sound. Ceramic Foam has high temperatures resistance properties, fire protection and is easily moldable which can be used in fuel systems, and engines. Due to growing population and rising consumer income, the demand for automobile have risen, which will likely drive the ceramic foams market growth. For instance, as per Indian Brand Equity Foundation (IBEF), the production of the automobile increased at 2.36% CAGR from 2016–2020 with 26.36 million vehicles being manufactured in the country in 2020. Furthermore, as per the Society of Indian Automobile Manufactures (SIAM), in September 2020 the total production of passenger vehicles was 2,619,045 units, as against 2,344,328 units in September 2019 with marking a growth of 11.72%, whereas the sales were 272,027 units in September 2020, compared to 215,124 units in September 2019, with a growth of 26.45%. Thus, showing a positive from the pandemic. Such growth in the automobile industry will further boost the ceramic foam market growth.
Ceramic Foams Market Segment Analysis – By Geography
Asia-Pacific held the largest share of more than 45% in the Ceramic Foams market in 2020. China, India, Japan, and Vietnam are the major countries in the region. The growing construction, electronic, and manufacturing sector across the country is driving the market growth. Whereas, ceramic foams are widely used as insulators for their high-temperature resistance properties and fire protection capabilities. The rapid urbanization drives the demand for residential buildings further contributes to the market growth. Furthermore, due availability of cheap labor and less stringent government regulation compared to Europe and North American region has pushed manufacturers to shift their manufacturing bases in the APAC region. Therefore, the above factors are fuelling the growth of ceramic foams in the APAC region.
Ceramic Foams Market Drivers
Growing demand from Foundry and Casting Industry is Driving the Market Growth
Ceramic foams are used as a filter for filtering castings of cast iron, bronze, brass, and copper alloys, offering excellent quality of casting surface, and improves the mechanical properties of the casting. Moreover, the foundry industry faces the difficult task of managing scrap at the end of filtration. The ceramic foam-based filters like Molten Metal Filtration and Exhaust Filters, which significantly reduces the scrap generation, due to the clear separation of metal from the mold. Therefore, an increase in demand for the foundry industry will, further, boost the demand for ceramic foam. For instance, as per Foundry Informatics Centre report, the Indian foundry was having a turnover of $19 billion and export of $3.06 billion during 2019-2020. Furthermore, Government an initiative like “MAKE IN INDIA”, and “EASE OF DOING BUSINESS”, where the focus is on developing infrastructure & easing of FDI norms to promote investments in the manufacturing sector will further boost the foundry industry and in turn, boost the ceramic foam market.
Surging usage of Ceramic Foams as Pollution and Sound Control
Ceramic foams are used as a method of pollution control, especially for pollution particles that emit from engines. Ceramic Foams are used to control pollution because of the presence of voids that capture these pollution particulates, and also support the catalyst that can produce oxidation of the captured particulates. These pollution particles can easily be dispositioned from the ceramic foams, these oxidation-inducing catalysts can easily be distributed through the entire foam, increasing effectiveness. Moreover, the process of catalytic conversion of the catalyst is the main approach to deal with the exhaust gas, and the 3D connected mesh structure of the ceramic foam can improve the efficiency of the exhaust gas conversion. Furthermore, ceramic foams products like acoustic insulation, solid oxide fuel cells, Molten Metal Filtration and Automotive Exhaust Filters can also be used to control pollution. The principle of sound absorption in ceramic foam is that when the external sound waves come in contact with the surface of ceramic foam, the air causes the voids to move back and forth, and part of the sound energy is transformed into heat energy under the action of friction and air resistance. These properties of ceramic foam to control air pollution and sound pollution are driving the market growth.
Ceramic Foams Market Challenges
Availability of Substitutes in the Market
Availability of other alternative insulators like Expanded Polystyrene insulation (EPS), Extruded Polystyrene Insulation (EPS), Hi-Por Ceramic Foam, and Refractory Ceramic Fibers (RCFs) are hindering the ceramic foam market growth. As these alternatives also provide similar insulation benefits across the various industry like the building & construction and automotive. Moreover, the alternatives also provide various benefits like heat & cold resistance, fire protection, provide high dimensional stability, and also repels water, prevents humidity and bacterial growth along with providing a cost advantage over ceramic foam. Thus, theses substitutes act as a challenging factor to the market growth during the forecast period.
Ceramic Foams Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Ceramic Foams Market report. Major players in the Ceramic Foams Market are Saint-Gobain, ADTECH METALLURGICAL MATERIALS CO., LTD, Baoding Ningxin New Material Co., Ltd., Vesuvius Plc, S S Khardekar India Pvt. Ltd., ERG Aerospace Corp., Recticel NV., Pyrotek Inc., Fraunhofer Institute for Ceramic Technologies & Systems IKTS, FoamPartner Switzerland AG, TechCeramic Co., Ltd., and among others.
In November 2020, Recticel has acquired the Foam Partners from Swiss Conzzeta AG. With this acquisition, Recticel will strengthen its presence in Europe and global in specialty foam solutions market, specifically a faster growth in APAC and North American markets.
North America is projected to witness significant growth due to the growing building & construction activities. Whereas, the USA holds the largest share in the region throughout the forecast period owing to the growing uses of acoustic insulation, solid oxide fuel cells, Molten Metal Filtration, Automotive Exhaust Filters across various industry verticals like automotive, healthcare, and aviation.
Lack of repairability and long production cycles are hindering the ceramic foam markets growth.
The unique properties and composition of ceramic foams make it suitable to use in areas where traditional bricks or fiber insulation are too large or heavy.
COVID-19 has hindered the market growth for Ceramic Foam, due to significant contraction faced by end-use industry.
A. Ceramic Fibre Paper Market
B. Packaging Foams Market
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