The global market for high temperature insulation is expected to reach USD
5.14 billion by 2020, according to a new study by Grand View Research, Inc.
Growing need to conserve energy across various industries and sector is
expected to be one of the driving factors for the market. In addition,
stringent regulations imposed on cement, oil & gas and metal producers to
reduce green house gases emission has also helped in developing the market for
high temperature insulation. However, health risks associated with the
carcinogenic content in high temperature insulation materials has been a key
issue for industry participants. In order to reduce reliance on synthetic
insulation materials, industry has shifted its focus towards developing
bio-based alternatives for high temperature materials.
Petrochemicals emerged as the leading application market for high
temperature insulation products and accounted for over 30% of the market
revenue in 2012. Growing demand for various primary and secondary
petrochemicals coupled with need to conserve energy has propelled the growth of
high temperature insulation materials in petrochemical industry. Global demand
for HTI materials in petrochemical industry is expected to grow at a CAGR of
8.6% from 2013 to 2020. However, use of HTI materials in powder metallurgy has
also been gaining attention from major manufacturers. In addition, novel
application of HTI products in aerospace, solar equipment and fire protection
industries is also expected to boost their demand over the forecast period.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/high-temperature-insulation-industry
Further Key findings from the study
suggest:
- Ceramic
fibers emerged as the leading product segment and accounted for
approximately 60% of total market revenue in 2012. Shift in focus toward
replacing asbestos in furnace linings and kilns are expected to fuel the
demand for ceramic fibers over the forecast period. Ceramic fibers were
followed by insulating firebricks and calcium silicate among some other
high temperature insulation products
- Europe
emerged as the leading market for high temperature insulation and
accounted for 38% of total market revenue in 2012. Stringent regulations
to reduce GHG emission in Europe is expected to be a key driving factor
for the regional market. European demand for HTI products is mainly
dependent on imports from Asia. Europe was followed by North America and
Asia Pacific in terms of market demand
- North
American and European market for HTI products has reached its saturation
and is expected to grow at a relatively sluggish rate. On the other hand,
Asia Pacific and Latin America have immense growth opportunities in the near
future owing to growth of industrialization in China, India and Brazil.
Asia Pacific market for high temperature is expected to grow at an
estimated CAGR of 9.2% from 2013 to 2020
- In
terms of production, Asia Pacific emerged as a clear leader and accounted
for 48% of the total production in 2012. Relaxed regulations coupled with
low manufacturing cost are expected to boost production of high
temperature insulation materials in the region. Asia Pacific export most
of its produced HTI materials to European and North American countries
- Global
market for high temperature insulation is dominated mainly by two
companies, Thermal Ceramics and Unifrax which together accounted for over
one third of the total market in 2012. Some of the other companies
operating in the global high temperature insulation market include Zircar,
Pyrotek, Isolite, Skamol, Promat and Saffil.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/green-building-materials
For the purpose of this study, Grand View Research has segmented the global
high temperature market on the basis of product, application and region:
High Temperature Insulation Product Outlook,
- Ceramic
Fiber
- Insulating
Firebrick
- Calcium
Silicate
- Other
High Temperature Insulation Application Outlook,
- Petrochemicals
- Ceramics
- Glass
- Cement
- Iron &
Steel
- Refractory
- Powder
metallurgy
- Aluminum
- Others
High Temperature Insulation Regional Outlook,
- North
America
- Europe
- Asia
Pacific
- Rest of the
World
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
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James
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Sales Specialist, U.S.A.
Grand
View Research, Inc.
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Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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