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.

Browse 81 market data Tables and 45 Figures spread through 126 Pages and in-depth TOC on "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"

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Major manufacturers such as Ultramet (US), Vesuvius Plc (UK), SELEE Corporation (US), ERG Aerospace Corp. (US), Saint-Gobain High-Performance Refractories (US), Pyrotek (US), Induceramics (US), LANIK s.r.o (Czech Republic), Drache GmbH (Germany), and Baoding Ningxin New Material Co., Ltd. (China)., among others, have been profiled in this report. These companies provide ceramic foams in different dimensions and pore sizes suitable for various needs in the foundry industry.

Key companies manufacturing ceramic foams adopted the strategy of mergers & acquisitions to strengthen their position in the market and remain competitive in the ceramic foam market. It was the most preferred strategy adopted by the market players between 2013 and 2018.

Vesuvius Plc (UK), SELEE Corporation (US), Saint-Gobain High-Performance Refractories (US), LANIK s.r.o (Czech Republic), and Drache GmbH (Germany) are the leading players in the global ceramic foams market. Companies such as SELEE and LANIK accounted for some of the strategic activities, with merger & acquisitions being the most preferred one.

SELEE is one of the leading manufacturers of ceramic foams. The company, in June 2015, acquired the trade and assets of Fiber Ceramics (US), a manufacturer of reticulated ceramic foam structures. Its range of products improved the technical capability of the business in steel filtration and the production capacity for high-temperature products. This acquisition helped the company to improve its product offerings.

Lanik is another major company operating in the ceramic foams market. In July 2015, the company acquired Teplotechna, Industrial Furnaces, Ltd (Czech Republic) with the aim to establish a long-time symbiosis for both the companies, thus capturing a significant share of the Europe ceramic foams market.

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“Molten metal filtration was the largest application segment of the ceramic foams market in 2017.”
Molten metal filtration was the largest application segment of the ceramic foams market in 2017. The growth in the production of cast iron, steel, and aluminum, owing to their demand across all industrial verticals is expected to drive the ceramic foams market for molten metal filtration globally.

“APAC was the largest ceramic foams market in 2017.”
APAC was the largest market for ceramic foams, in terms of value, in 2017. The growing population and disposable income of consumers coupled with less stringent regulations have enabled the region to emerge as one of the fastest-growing markets for consumer electronics, automotive, and aviation. Thus, the growth in these industries is estimated to drive the consumption of ceramic foams in aluminum, copper, and iron casting applications.

“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.

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