Cordierite Market worth $3.2 billion by 2028 | Key players DENSO Corporation (Japan), Kyocera Corporation (Japan), Corning Inc. (US), TOTO Ltd. (Japan), NGK Insulators (Japan), Vesuvius Plc (UK), Elementis Plc (UK), CoorsTek (US).

According to recent market research the "Cordierite Market by Type (Sintered, Porous), Application (Automotive Parts, Deodorization, Deoxidation Smoke Extraction, Ceramic Kiln, Infrared Radiator, Electrical Insulators, Welding Strip Rings), And Region - Global Forecast to 2028", is projected to reach USD 3.2 billion by 2028, at a CAGR of 5.1% from USD 2.5 billion in 2023. The major drivers for the cordierite market are growing automotive industry, increasing demand for lightweight materials. The high manufacturing costs, competition from substitute materials, and limited heat resistance are the major restraint in this market. Opportunities for the market include technological advancements in ceramic manufacturing processes and expansion of energy sector.

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Sintered cordierite possesses excellent thermal stability, allowing it to withstand high temperatures without deformation or degradation. This makes it suitable for applications involving thermal cycling and exposure to extreme heat, such as in automotive exhaust systems, catalytic converters, and kiln furniture. Sintered cordierite is commonly used in automotive applications, particularly in the manufacturing of diesel particulate filters (DPFs) and catalytic converters. Its high strength, low thermal expansion, and excellent thermal shock resistance make it ideal for these demanding environments.

Cordierite is widely used in deodorization and deoxidation smoke extraction applications due to its excellent thermal stability, chemical resistance, and high porosity. In these applications, cordierite-based filters are utilized to effectively remove harmful gases, particulate matter, and unpleasant Odors from industrial exhaust systems, commercial kitchens, waste treatment plants, and other similar environments. Cordierite filters efficiently trap and oxidize pollutants, contributing to improved air quality and ensuring compliance with stringent environmental regulations.

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This regional analysis delves into the market segmentation based on types, including sintered cordierite and porous cordierite, and applications such as automotive parts, deodorization & deoxidation smoke extraction, ceramic kiln, infrared radiators, electrical insulators, and welding strips rings. Europe's stringent emission regulations, emphasis on sustainable solutions, and thriving automotive and ceramics industries contribute to the demand for cordierite in this region.

Acquisitions, expansions, and partnerships are the major growth strategies adopted by the key players in the market. The key players in the cordierite market include DENSO Corporation (Japan), Kyocera Corporation (Japan), Corning Inc. (US), TOTO Ltd. (Japan), NGK Insulators (Japan), Vesuvius Plc (UK), Elementis Plc (UK), CoorsTek (US), Unifrax (US), and CeramTec (Germany), among others.

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Denso Corporation, headquartered in Kariya, Aichi, Japan, is a multinational automotive supplier with a strong global presence. The company was founded in 1949 as a division of Toyota Motor Corporation and became an independent company in 1949. Denso has since grown into one of the largest automotive component manufacturers worldwide. Denso offers a diverse range of automotive technology and components, including powertrain systems, thermal systems, electronic systems, and information and safety systems. Within these product categories, Denso incorporates cordierite-based components such as catalytic converters and diesel particulate filters (DPFs) that help reduce emissions in vehicles.

Kyocera Corporation is a Japanese multinational company headquartered in Kyoto, Japan. It was founded in 1959 and has since grown into a diversified technology company with a global presence. Kyocera operates through a wide range of business segments, including Fine Ceramic Components, Semiconductor Components, Applied Ceramic Products, Electronic Devices, Telecommunications Equipment, and Document Solutions. In July 1969, Kyocera International, Inc. was established as a sales company operating under Kyocera Corporation. In the field of advanced ceramics, Kyocera is known for its expertise and innovation. The company develops and manufactures a variety of advanced ceramic products, including cordierite ceramics. Cordierite ceramics, with their excellent thermal resistance, low thermal expansion, and good electrical insulation properties, find applications in various industries such as automotive, electronics, energy, and more. In March 2023, Kyocera Corporation acquired a prominent manufacturer specializing in inkjet print engines and systems. As part of this agreement, the acquired company will subsequently operate under the name Kyocera Nixka Inkjet Systems S.A.S., with Kyocera assuming full ownership.

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