1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 16
1.5 UNIT CONSIDERED 16
1.6 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Key industry insights 20
2.1.2.3 Breakdown of primary interviews 20
2.2 MARKET SIZE ESTIMATION 21
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP-DOWN APPROACH 22
2.3 DATA TRIANGULATION 23
2.4 ASSUMPTIONS 24
2.5 LIMITATIONS 24

3 EXECUTIVE SUMMARY 25

4 PREMIUM INSIGHTS 29
4.1 SIGNIFICANT OPPORTUNITIES IN THE THERMAL CERAMICS MARKET 29
4.2 APAC THERMAL CERAMICS MARKET, BY END-USE INDUSTRY AND COUNTRY 30
4.3 THERMAL CERAMICS MARKET, BY TEMPERATURE RANGE 30
4.4 THERMAL CERAMICS MARKET, BY END-USE INDUSTRY 31
4.5 THERMAL CERAMICS MARKET, BY REGION 31

5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 32
5.2.1 DRIVERS 33
5.2.1.1 Growing need for energy savings 33
5.2.1.2 Rapid infrastructural development in emerging economies of APAC 33
5.2.1.3 High growth potential in non-metallic minerals 33
5.2.2 RESTRAINTS 34
5.2.2.1 Carcinogenic nature of ceramic fibers 34
5.2.2.2 Environmental concerns related to refractories 34
5.2.3 OPPORTUNITIES 34
5.2.3.1 Development of low bio-persistent materials 34
5.2.3.2 Need for recycling of refractories 35
5.3 PORTER'S FIVE FORCES ANALYSIS 35
5.3.1 THREAT OF NEW ENTRANTS 36
5.3.2 THREAT OF SUBSTITUTES 36
5.3.3 BARGAINING POWER OF BUYERS 37
5.3.4 BARGAINING POWER OF SUPPLIERS 37
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 37
5.4 MACROECONOMIC INDICATORS 38
5.4.1 INTRODUCTION 38
5.4.2 TRENDS AND FORECAST OF GDP 38
5.4.3 AUTOMOTIVE INDUSTRY 38
5.4.4 CHEMICAL INDUSTRY 39
5.5 ENERGY CONSUMPTION DATA, 2016 39
5.6 CRUDE OIL PRODUCTION DATA, 2016 40
5.7 STEEL INDUSTRY DATA, 2016 40
5.8 MANUFACTURING GDP GROWTH RATE, 2016 41

6 EXPERT INTERVIEW 42

7 THERMAL CERAMICS MARKET, BY TYPE 44
7.1 INTRODUCTION 45
7.2 CERAMIC FIBERS 46
7.2.1 VITREOUS ALUMINA-SILICA CERAMIC FIBER 46
7.2.1.1 Refractory ceramic fibers (RCF) 47
7.2.2 LOW BIO-PERSISTENT CERAMIC FIBERS 47
7.2.3 POLYCRYSTALLINE CERAMIC FIBERS 47
7.3 INSULATING FIREBRICKS 48
7.3.1 ACIDIC REFRACTORY BRICKS 48
7.3.2 NEUTRAL REFRACTORY BRICKS 48
7.3.3 BASIC REFRACTORY BRICKS 48

8 THERMAL CERAMICS MARKET, BY TEMPERATURE RANGE 49
8.1 INTRODUCTION 50
8.2 650-1,000?C 51
8.3 1,000-1,400?C 51
8.4 1,400-1,600?C 51

9 THERMAL CERAMICS MARKET, BY END-USE INDUSTRY 52
9.1 INTRODUCTION 53
9.2 CHEMICAL & PETROCHEMICAL 54
9.2.1 CHEMICAL 54
9.2.2 PETROCHEMICAL 54
9.3 MINING & METAL PROCESSING 55
9.3.1 IRON & STEEL 55
9.3.2 ALUMINUM 55
9.3.3 OTHERS 55
9.4 MANUFACTURING 55
9.4.1 CEMENT 55
9.4.2 GLASS 56
9.4.3 OTHERS 56
9.4.3.1 Ceramics 56
9.5 POWER GENERATION 56
9.6 OTHERS 56

10 THERMAL CERAMICS MARKET, BY REGION 57
10.1 INTRODUCTION 58
10.2 APAC 60
10.2.1 CHINA 63
10.2.2 INDIA 64
10.2.3 JAPAN 65
10.2.4 SOUTH KOREA 66
10.2.5 REST OF APAC 67
10.3 NORTH AMERICA 68
10.3.1 US 70
10.3.2 CANADA 71
10.3.3 MEXICO 72
10.4 EUROPE 74
10.4.1 GERMANY 76
10.4.2 UK 77
10.4.3 RUSSIA 78
10.4.4 FRANCE 79
10.4.5 REST OF EUROPE 80
10.5 MIDDLE EAST & AFRICA 81
10.5.1 SAUDI ARABIA 82
10.5.2 SOUTH AFRICA 83
10.5.3 REST OF THE MIDDLE EAST & AFRICA 85
10.6 SOUTH AMERICA 86
10.6.1 BRAZIL 88
10.6.2 ARGENTINA 89
10.6.3 REST OF SOUTH AMERICA 90

11 COMPETITIVE LANDSCAPE 91
11.1 OVERVIEW 91
11.2 MARKET SHARE ANALYSIS OF KEY PLAYERS 92
11.3 COMPETITIVE SCENARIO 93
11.3.1 INVESTMENT & EXPANSION 93
11.3.2 MERGER & ACQUISITION 93
11.3.3 NEW PRODUCT LAUNCH 94
11.3.4 AGREEMENT, PARTNERSHIP & JOINT VENTURE 95

12 COMPANY PROFILES 96
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)
12.1 MORGAN ADVANCED MATERIALS 96
12.2 UNIFRAX 102
12.3 LUYANG ENERGY-SAVING MATERIALS 104
12.4 ISOLITE INSULATING PRODUCTS 106
12.5 RHI MAGNESITA N.V. 108
12.6 3M 110
12.7 IBIDEN 112
12.8 MITSUBISHI CHEMICAL CORPORATION 114
12.9 RATH INC. 115
12.10 YESO INSULATING PRODUCTS 116
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
12.11 OTHERS 117
12.11.1 BNZ MATERIALS 117
12.11.2 PYROTEK 117
12.11.3 PROMAT INTERNATIONAL 117

13 APPENDIX 118
13.1 INSIGHTS FROM INDUSTRY EXPERTS 118
13.2 DISCUSSION GUIDE 119
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 121
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 123
13.5 AVAILABLE CUSTOMIZATIONS 124
13.6 RELATED REPORTS 124
13.7 AUTHOR DETAILS 125

LIST OF TABLES
TABLE 1 TRENDS AND FORECAST OF GDP, USD BILLION (2017-2022) 38
TABLE 2 MOTOR VEHICLE PRODUCTION, BY KEY COUNTRY, 2015-2016 38
TABLE 3 ENERGY CONSUMPTION DATA, BY KEY COUNTRY, 2015-2016 39
TABLE 4 CRUDE OIL PRODUCTION DATA, BY KEY COUNTRY, 2015-2016 40
TABLE 5 STEEL PRODUCTION DATA, BY KEY COUNTRY, 2016 40
TABLE 6 MANUFACTURING GDP GROWTH RATE, BY KEY COUNTRY, 2016 41
TABLE 7 THERMAL CERAMICS MARKET SIZE, BY TYPE, 2016-2023 (KILOTON) 45
TABLE 8 THERMAL CERAMICS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION) 45
TABLE 9 FORMS OF CERAMIC FIBERS 46
TABLE 10 THERMAL CERAMICS MARKET SIZE, BY TEMPERATURE RANGE, 2016-2023 (KILOTON) 51
TABLE 11 THERMAL CERAMICS MARKET SIZE, BY TEMPERATURE RANGE, 2016-2023 (USD MILLION) 51
TABLE 12 THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 53
TABLE 13 THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 54
TABLE 14 THERMAL CERAMICS MARKET SIZE, BY REGION, 2016-2023 (KILOTON) 58
TABLE 15 THERMAL CERAMICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION) 59
TABLE 16 APAC: THERMAL CERAMICS MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON) 61
TABLE 17 APAC: THERMAL CERAMICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION) 61
TABLE 18 APAC: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 62
TABLE 19 APAC: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 62
TABLE 20 CHINA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 63
TABLE 21 CHINA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 63
TABLE 22 INDIA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 64
TABLE 23 INDIA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 64
TABLE 24 JAPAN: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 65
TABLE 25 JAPAN: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 65
TABLE 26 SOUTH KOREA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 66
TABLE 27 SOUTH KOREA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 66
TABLE 28 REST OF APAC: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 67
TABLE 29 REST OF APAC: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 67
TABLE 30 NORTH AMERICA: THERMAL CERAMICS MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON) 69
TABLE 31 NORTH AMERICA: THERMAL CERAMICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION) 69
TABLE 32 NORTH AMERICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 69
TABLE 33 NORTH AMERICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 70
TABLE 34 US: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 70
TABLE 35 US: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 71
TABLE 36 CANADA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 71
TABLE 37 CANADA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 72
TABLE 38 MEXICO: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 73
TABLE 39 MEXICO: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 73
TABLE 40 EUROPE: THERMAL CERAMICS MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON) 75
TABLE 41 EUROPE: THERMAL CERAMICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION) 75
TABLE 42 EUROPE: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 75
TABLE 43 EUROPE: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 76
TABLE 44 GERMANY: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 76
TABLE 45 GERMANY: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 77
TABLE 46 UK: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 77
TABLE 47 UK: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 78
TABLE 48 RUSSIA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 78
TABLE 49 RUSSIA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 79
TABLE 50 FRANCE: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 79
TABLE 51 FRANCE: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 80
TABLE 52 REST OF EUROPE: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 80
TABLE 53 REST OF EUROPE: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 80
TABLE 54 MIDDLE EAST & AFRICA: THERMAL CERAMICS MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON) 81
TABLE 55 MIDDLE EAST & AFRICA: THERMAL CERAMICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION) 81
TABLE 56 MIDDLE EAST & AFRICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 82
TABLE 57 MIDDLE EAST & AFRICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 82
TABLE 58 SAUDI ARABIA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 83
TABLE 59 SAUDI ARABIA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 83
TABLE 60 SOUTH AFRICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 84
TABLE 61 SOUTH AFRICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 84
TABLE 62 REST OF THE MIDDLE EAST & AFRICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 85
TABLE 63 REST OF THE MIDDLE EAST & AFRICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 85
TABLE 64 SOUTH AMERICA: THERMAL CERAMICS MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON) 86
TABLE 65 SOUTH AMERICA: THERMAL CERAMICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION) 86
TABLE 66 SOUTH AMERICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 87
TABLE 67 SOUTH AMERICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 87
TABLE 68 BRAZIL: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 88
TABLE 69 BRAZIL: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 88
TABLE 70 ARGENTINA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 89
TABLE 71 ARGENTINA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 89
TABLE 72 REST OF SOUTH AMERICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON) 90
TABLE 73 REST OF SOUTH AMERICA: THERMAL CERAMICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION) 90
TABLE 74 INVESTMENTS & EXPANSIONS, 2014-2017 93
TABLE 75 MERGERS & ACQUISITIONS 2013-2018 93
TABLE 76 NEW PRODUCT LAUNCHES, 2014-2018 94
TABLE 77 AGREEMENT, PARTNERSHIP & JOINT VENTURES, 2014 95

LIST OF FIGURES
FIGURE 1 THERMAL CERAMICS MARKET SEGMENTATION 15
FIGURE 2 THERMAL CERAMICS MARKET: RESEARCH DESIGN 17
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 21
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 22
FIGURE 5 THERMAL CERAMICS MARKET: DATA TRIANGULATION 23
FIGURE 6 THERMAL CERAMICS MARKET SIZE, (KILOTON AND USD BILLION), 2016-2023 25
FIGURE 7 CERAMIC FIBERS TO DOMINATE THE THERMAL CERAMICS MARKET 26
FIGURE 8 1,400-1,600°C TEMPERATURE RANGE SEGMENT TO WITNESS THE HIGHEST CAGR DURING THE FORECAST PERIOD 26
FIGURE 9 MINING & METAL PROCESSING LED THE THERMAL CERAMICS MARKET 27
FIGURE 10 CHINA TO BE THE LARGEST MARKET OF THERMAL CERAMICS BETWEEN 2018 AND 2023 27
FIGURE 11 APAC DOMINATED THERMAL CERAMICS MARKET IN 2017 28
FIGURE 12 INCREASED DEMAND FROM MINING & METAL PROCESSING INDUSTRY TO DRIVE THE MARKET 29
FIGURE 13 MINING & METAL PROCESSING SEGMENT DOMINATED THERMAL ERAMICS MARKET IN APAC 30
FIGURE 14 1,000-1,400°C TEMPERATURE RANGE TO BE THE FASTEST-GROWING SEGMENT 30
FIGURE 15 MANUFACTURING END-USE INDUSTRY TO REGISTER THE HIGHEST CAGR 31
FIGURE 16 APAC DOMINATED THE THERMAL CERAMICS MARKET, 2017 31
FIGURE 17 OVERVIEW OF FACTORS GOVERNING THE THERMAL CERAMICS MARKET 32
FIGURE 18 THERMAL CERAMICS MARKET: PORTER'S FIVE FORCES ANALYSIS 35
FIGURE 19 GROWTH RATE OF CHEMICAL INDUSTRY (2015-2018) 39
FIGURE 20 CERAMIC FIBERS TO DRIVE THE OVERALL THERMAL CERAMICS MARKET 45
FIGURE 21 1,000-1,400°C TEMPERATURE RANGE SEGMENT TO WITNESS HIGH GROWTH DURING THE FORECAST PERIOD 50
FIGURE 22 METAL PROCESSING END-USE INDUSTRY TO DRIVE THERMAL CERAMICS MARKET 53
FIGURE 23 INDIA TO REGISTER THE HIGHEST CAGR IN THE THERMAL CERAMICS MARKET 58
FIGURE 24 APAC: THERMAL CERAMICS MARKET SNAPSHOT 60
FIGURE 25 NORTH AMERICA: THERMAL CERAMICS MARKET SNAPSHOT 68
FIGURE 26 EUROPE: THERMAL CERAMICS MARKET SNAPSHOT 74
FIGURE 27 COMPANIES ADOPTED NEW PRODUCT LAUNCH AS THE KEY GROWTH STRATEGY 91
FIGURE 28 MARKET SHARE ANALYSIS, 2017 92
FIGURE 29 MORGAN ADVANCED MATERIALS: COMPANY SNAPSHOT 97
FIGURE 30 MORGAN ADVANCED MATERIALS: SWOT ANALYSIS 100
FIGURE 31 LUYANG ENERGY-SAVING MATERIALS: COMPANY SNAPSHOT 105
FIGURE 32 RHI MAGNESITA: COMPANY SNAPSHOT 108
FIGURE 33 RHI MAGNESITA: SWOT ANALYSIS 109
FIGURE 34 3M: COMPANY SNAPSHOT 110
FIGURE 35 3M: SWOT ANALYSIS 111
FIGURE 36 IBIDEN: COMPANY SNAPSHOT 112
FIGURE 37 IBIDEN: SWOT ANALYSIS 113