Global Cordierite Market Size By Application (Catalytic converters, Cookware and Bakeware, Electrical Insulators, Foundry Applications, Glass industry, Kiln Furniture), By End Use (Automotive Industry, Ceramics Industry, Consumer Goods Industry, Construction Industry), By Region, And Segment Forecasts, By Geographic Scope And Forecast Global Cordierite Market Insights Forecasts to 2032

Industry: Advanced Materials

RELEASE DATE Dec 2023
REPORT ID SI3253
PAGES 200
REPORT FORMAT PathSoft

Global Cordierite Market Size Insights Forecasts to 2032

  • The Cordierite Market Size was valued at USD 2.4 Billion in 2022.
  • The Market Size is Growing at a CAGR of 6.5% from 2022 to 2032
  • The Worldwide Cordierite Market Size is expected to reach USD 4.1 Billion by 2032
  • Asia Pacific is Expected to Grow the fastest during the forecast period

Global Cordierite Market

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The Global Cordierite Market Size is expected to reach USD 4.1 Billion by 2032, at a CAGR of 6.5% during the forecast period 2022 to 2032.

 

Cordierite is a common material in the ceramics industry due to its low thermal expansion and strong thermal shock resistance. It is widely utilised in the manufacture of kiln furniture, porcelain, and refractory materials. The automotive industry is an important market for cordierite. Catalytic converters use ceramic substrates made of cordierite to help transform hazardous emissions into less damaging gases. Cordierite is a popular material for pizza stones and baking stones due to its high thermal shock resistance. It evenly distributes heat, resulting in the perfect crust for your pizza or bread. Factors such as industrial growth, advancements in manufacturing technology, and environmental restrictions driving the desire for cleaner automotive technologies all have an impact on the size of the cordierite market.

 

Cordierite Market Value Chain Analysis

The extraction of raw minerals such as talc, kaolin, and alumina is the first step in the process, which is then blended in precise proportions to make cordierite. The ultimate qualities of cordierite are heavily influenced by the quality of these basic components. After the raw materials are collected, they are subjected to a number of processing stages such as mixing, shaping, and firing. This stage of production is critical in defining the final properties of the cordierite product.Cordierite products are used in a variety of industries, including ceramics, automotive, electronics, and others. This entails creating a network of distributors and suppliers to maintain a consistent flow of products to end customers. Cordierite is an important material in the ceramics industry, where it is used to make kiln furniture, refractory materials, and other ceramic items.

 

Cordierite Market Opportunity Analysis

The global push towards cleaner, more fuel-efficient vehicles is expected to enhance demand for cordierite-based catalytic converters. Cordierite has a tremendous chance in this industry as countries implement higher emission rules. The ceramics sector is growing as a result of infrastructure development and developments in manufacturing technology. Cordierite's use in kiln furniture and refractory materials puts it well to benefit from this expansion. Cordierite's thermal qualities make it excellent for applications such as insulating materials in electronic components, which are constantly growing in the electronics sector. The popularity of cordierite-based products such as pizza stones suggests additional expansion into the consumer goods industry. Demand for ceramics in construction materials is expected to expand as governments invest in infrastructure initiatives.

Global Cordierite Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 2.4
Forecast Period:2032
Forecast Period 2032 CAGR:6.5%
032 Value Projection:USD 4.1
Historical Data for: 2018-2021
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Application, By End Use, By Region, By Geographic,
Companies Covered: Steatit S.R.O, Trans-Tech, Inc., Yanshi City Guangming High-Tech Refractories Products Co., Ltd., Du-Co Ceramics Company, Inc., Goodfellow Corp., Kyocera International, Inc., Sinotrade Resource Co., Limited., Yunnan Filter Environment Protection S.&T. Co., Ltd., CoorsTek, Inc., Tianjin Century Electronics Co., Ltd., and
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Market Dynamics

Cordierite Market Dynamics

Growing Emphasis on Sustainable and Energy-Efficient Technologies Will Generate Surplus Worldwide

Cordierite-based catalytic converters are critical in decreasing harmful emissions from automobiles, supporting the global effort for cleaner air and sustainable transportation. Cordierite is a good material for energy-efficient ceramics due to its low thermal expansion and high heat retention qualities. The need for materials that help to energy savings is increasing in areas such as manufacturing and construction. Cordierite can be used to make components for solar panels, energy storage systems, and other renewable energy technologies as the globe adopts renewable energy sources. Its thermal stability makes it useful in temperature-varying situations. Green and sustainable building approaches are becoming increasingly important in the construction business.

 

Restraints & Challenges

Cordierite is manufactured using certain raw ingredients such as talc, kaolin, and alumina. The availability and cost of these components can have an impact on the entire production cost of cordierite products. Manufacturing technology and material improvements have an impact on the market. While this may open up new options, it also makes existing cordierite goods more difficult to compete in terms of performance and cost-effectiveness. Uncertainties and volatility in the economy can have an influence on businesses that rely significantly on cordierite, such as automotive and construction. Consumer spending, trade restrictions, and geopolitical events can all have an impact on overall demand for cordierite products. Cordierite's flexibility is not commonly understood, and industries may be unaware of its possible applications.

 

Regional Forecasts

North America Market Statistics

Global Cordierite Market

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North America is anticipated to dominate the Cordierite Market from 2023 to 2032. Cordierite is widely used in the automotive sector in North America, primarily in the construction of catalytic converters. The region's focus on emission control and environmental legislation is projected to keep demand for cordierite substrates for catalytic converters strong. Cordierite is used in the ceramics industry in North America to make kiln furniture, refractory materials, and other ceramic goods. Construction activities, infrastructural development, and developments in manufacturing technology all influence the demand for these materials.

 

Asia Pacific Market Statistics

Asia Pacific is witnessing the fastest market growth between 2023 to 2032. The Asia-Pacific area, particularly China, Japan, and South Korea, is a major car manufacturing hub. Cordierite demand in catalytic converters is being pushed by the region's increasing vehicle production and usage. Cordierite substrates are in high demand due to emission control measures and environmental concerns. Asia-Pacific has a sizable and expanding consumer market. As people seek high-quality, long-lasting products for their homes, Cordierite-based consumer goods, including as pizza stones and baking stones, may gain appeal.

 

Segmentation Analysis

Insights by Application

The kiln furniture segment accounted for the largest market share over the forecast period 2023 to 2032. The ceramics sector, a major consumer of kiln furniture, is expanding globally. The demand for ceramic items in building, electronics, and consumer goods is driving the demand for efficient kiln furniture, and cordierite is a desirable material because to its low thermal expansion and strong thermal shock resistance. Ceramic tiles, sanitaryware, and other construction materials are in high demand as countries invest in infrastructure projects. Kiln furniture composed of cordierite is essential in the firing and shaping operations of these ceramic items, encouraging growth in this category.

 

Insights by End Use

The electrical segment accounted for the largest market share over the forecast period 2023 to 2032. Vehicle production is increasing due to rising demand for autos, particularly in emerging nations. As the automobile sector grows, so does the demand for catalytic converters, which is where cordierite comes in. While the market for electric automobiles is expanding, classic internal combustion engine vehicles remain popular. As the automobile industry transitions, demand for catalytic converters, and hence cordierite, remains high for traditional vehicles.

 

Recent Market Developments

  • In May 2023, DENSO and USJC Announce Automotive IGBT Mass Production Shipment, With Eyes on Expanding Electric Vehicle Market

 

Competitive Landscape

Major players in the market

  • Steatit S.R.O
  • Trans-Tech, Inc.
  • Yanshi City Guangming High-Tech Refractories Products Co., Ltd.
  • Du-Co Ceramics Company, Inc.
  • Goodfellow Corp.
  • Kyocera International, Inc.
  • Sinotrade Resource Co., Limited.
  • Yunnan Filter Environment Protection S.&T. Co., Ltd.
  • CoorsTek, Inc.
  • Tianjin Century Electronics Co., Ltd.

 

Market Segmentation

  • This study forecasts revenue at global, regional, and country levels from 2023 to 2032.

 

Cordierite Market, Application Analysis

  • Catalytic converters
  • Cookware and Bakeware
  • Electrical Insulators
  • Foundry Applications
  • Glass industry
  • Kiln Furniture

 

Cordierite Market, End Use Analysis

  • Automotive Industry
  • Ceramics Industry
  • Consumer Goods Industry
  • Construction Industry

 

Cordierite Market, Regional Analysis

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

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