Cordierite Market Report: Trends, Forecast and Competitive Analysis to 2030

Cordierite Market Trends and Forecast

The future of the global cordierite market looks promising with opportunities in the automotive part, deodorization, deoxidation & smoke extraction, ceramic kiln, infrared radiator, electrical insulator, and welding strips & ring applications. The global cordierite market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 4.9% from 2024 to 2030. The major drivers for this market are growing preference for cordierite based kiln furniture, increasing use of this substrate in the fabrication of electronics, as well as expanding application of this product in the creation of microfiltration membranes.

A more than 150-page report is developed to help in your business decisions.

Cordierite Market by Segment

The study includes a forecast for the global cordierite market by product type, application, and region.

Cordierite Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Sintered Cordierite
• Porous Cordierite

Cordierite Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Automotive Parts
• Deodorization, Deoxidation & Smoke Extraction
• Ceramic Kiln
• Infrared Radiator
• Electrical Insulators
• Welding Strips & Rings
• Others

Cordierite Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cordierite Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cordierite companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cordierite companies profiled in this report include-

• Sinotrade Resource
• Tianjin Century Electronics
• Goodfellow
• Trans-Tech
• Steatit S.R.O
• Du-Co Ceramics

Cordierite Market Insights

• Lucintel forecast that sintered cordierite is expected to witness higher growth over the forecast period.

• Within this market, automotive part is expected to witness higher growth over the forecast period.

• APAC is expected to witness highest growth over the forecast period.

Features of the Global Cordierite Market

• Market Size Estimates: Cordierite market size estimation in terms of value ($B).

• Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

• Segmentation Analysis: Cordierite market size by product type, application, and region in terms of value ($B).

• Regional Analysis: Cordierite Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

• Growth Opportunities: Analysis of growth opportunities in different product type, application, and region for the cordierite market.

• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cordierite market.

• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the cordierite market size?

Answer: The global cordierite market is expected to reach an estimated $3.2 billion by 2030.

Q.2. What is the growth forecast for cordierite market?

Answer: The global cordierite market is expected to grow with a CAGR of 4.9% from 2024 to 2030

Q.3. What are the major drivers influencing the growth of the cordierite market?

Answer: The major drivers for this market are growing preference for cordierite based kiln furniture, increasing use of this substrate in the fabrication of electronics, as well as expanding application of this product in the creation of microfiltration membranes.

Q.4. What are the major segments for cordierite Market?

Answer: The future of the cordierite market looks promising with opportunities in the automotive part, deodorization, deoxidation & smoke extraction, ceramic kiln, infrared radiator, electrical insulator, and welding strips & ring applications.

Q.5. Who are the key cordierite market companies?

Answer: Some of the key cordierite companies are as follows:

• Sinotrade Resource
• Tianjin Century Electronics
• Goodfellow
• Trans-Tech
• Steatit S.R.O
• Du-Co Ceramics

Q.6. Which cordierite market segment will be the largest in future?

Answer: Lucintel forecast that sintered cordierite is expected to witness higher growth over the forecast period.

Q.7. In cordierite market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8. Do we receive customization in this report?

Answer: Yes, lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cordierite market by product type (sintered cordierite and porous cordierite), application (automotive parts, deodorization, deoxidation & smoke extraction, ceramic kiln, infrared radiator, electrical insulators, welding strips & rings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?