Monday, 1 May 2017

Kiln Furniture Market to Register Substantial Expansion by 2023 Globally- Credence Research

According to a new market report published by Credence Research Inc., “Kiln Furniture Market by Material Type (Silicon Carbide, Cordierite, Mullite, Alumina and Others), by End Use Industries (Ceramic, Electronics/Electrical, Energy, Automotive and others)” - Growth, Opportunities, Share & Competitive Analysis, 2016 – 2023”, the worldwide kiln furniture market was valued at US$ 431.40 Mn in 2015.
Market Insights:
Kiln furniture market is gaining popularity owing to rising demand from end user applications. It is used in various end user industries such as ceramic, energy, electronics and automotive among others. Moreover, over the past several years, a number of new kiln furniture systems have developed in the market; such as a lightweight system, a non-stick ceramic body and a process for producing low thermal mass, high strength kiln furniture. Due to rising awareness about the effects and consequences of using inappropriate kiln furniture of lower temperature loads, higher heat coefficient, higher cycle time, etc. resulted into demand of modern firing techniques with modern kiln furniture.
Continuous infrastructural development, increasing spending habits, life quality, and rising exports of automobiles among others has resulted in increased consumption of high-temperature alumina kiln furniture. Saudi Arabia, South Africa India, China and Egypt are some of the other emerging economies which offer huge market potential. With the rise in per capita income, the purchasing power of customers has also increased resulting in the increasing demand for premium priced kiln furniture product by end-product manufacturers.
Competitive Insights:
Close to 30% of the market is occupied by two European players St. Gobain and Imerys. Both the players have the most extensive product range in their respective domain. Most of the manufacturers in the kiln furniture market are privately owned small or medium size enterprises. Some also form part of large multinational groups.
Key Trends:
  • Asia Pacific and Middle East regions offers huge untapped market potential
  • Growing demand for high-performance kiln furniture
  • Increasing demand from end user applications
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Media Contact
Company Name: Credence Research, Inc
Contact Person: Chris Smith, Global Sales Manager
Phone: +1-800-361-8290
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US 
State: California
Country: United States

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