High Temperature Insulation Market Introduction:
Global High Temperature Insulation Market will cross USD 4,926.0 Billion Mark by 2025 and it is expected to grow over the CAGR of more than 7.2% during the period 2018 to 2025.
Increasing demand for the product in applications such as kiln linings, high temperature packaging, curing membranes, storage tanks, and others signifies the growth of petrochemical industry. Moreover, growing consumption of product in glass, ceramics, and iron & steel provide a momentum to the high temperature insulation market growth.
On the other hand, the growing infrastructural development and facilities in end-use industries is projected to propel the market growth during the forecast period.
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High Temperature Insulation Market Key Players:
Key players leading the global HTI market include ADL Insulflex Inc, 3M Company, Almatic GmbH, Insulcon Group, Hi-Temp Insulation Inc., Isolite Insulating Products Company Ltd, Promat International NV, Dyson Group, Pacor Inc., and Cellaris Ltd. Among others.
Industry/ Innovation/ Related News:
May 15, 2017 – Owens Corning (U.S.), one of the leading manufacturers of high temperature insulation, declared that the company has signed an agreement to buy Pittsburgh Corning’s cellular glass insulation systems for commercial and industrial applications. These systems provide superior performance and high standard quality to the product. One of the sources of the company declared that this deal is set to expand the production facility and create job opportunities in the market. Therefore, these factors are estimated to propel the market over the assessment period.
September 26, 2017 – Unifrax I LLC (U.S.), one of the leading manufacturers of high temperature insulation, announced that the company has launched a low bio-persistent (LBP) fiber Isofrax® 1400. The main feature about this product that it can withstand high temperatures. Excellent thermal conductivity, shock resistance, and others are the important trends and factors driving the market positively. Therefore, its growing consumption in end-use applications is set to boost the market growth during the forecast period.
High Temperature Insulation Market Regional Analysis:
The Asia Pacific region accounts for the leading market for HTI followed by Latin America. Factors driving the growth of the HTI market in the APAC include the presence of diverse end-use markets ranging from petrochemicals, ceramics, glass, aluminium, cement to iron & steel, refractory, and powder metallurgy among others.
Besides, the growing GDP in some of the rapidly developing countries such as India and China combined with proliferating industrialization is boosting the growth of the regional market. Also, factors such as the growing production and industrial bases increased necessity to save energy and reduce greenhouse emissions are some of the key driving forces pushing up the regional market on the global level.
The increasing foreign investments and rise in the number of new manufacturing plants will contribute to the growth of the APAC high temperature insulation market.
On the other hand, the HTI market in the North American and European region is expected to demonstrate a sluggish growth rate due to the saturation level that HTI product has reached to. Potential growth in the international market hinges heavily onto developing region such as the Asia Pacific, South America, Middle East & Africa.
High Temperature Insulation Market Segmentation:
High Temperature Insulation Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding,
Segmentation On the basis of Product Type:
Comprises Ceramic Fiber, Insulating Firebrick, Calcium Silicate, and Others.
Segmentation On the basis Applications:
Comprises Petrochemicals, Iron & Steel, Glass, and Others
Segmentation On the basis of Regions:
Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
High Temperature Insulation Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global High Temperature Insulation Market
High Temperature Insulation Market Table of Content to be Continue….,
High Temperature Insulation Market List Of Tables:
Table 1 Global High Temperature Insulation Market, By Region, 2019–2025
Table 2 North America: High Temperature Insulation Market, By Country, 2019–2025
Table 3 Europe: High Temperature Insulation Market, By Country, 2019–2025
Table 4 Asia-Pacific: High Temperature Insulation Market, By Country, 2019–2025
Table 5 Middle East & Africa: High Temperature Insulation Market, By Country, 2019–2025
High Temperature Insulation Market List Of Tables to be Continue….,
High Temperature Insulation Market List Of Figures:
FIGURE 1 High Temperature Insulation Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of High Temperature Insulation Market
FIGURE 4 Supply Chain Of High Temperature Insulation Market
FIGURE 5 Share Of High Temperature Insulation Market, By Country, 2018 (%)
High Temperature Insulation Market List Of Figures to be Continue….,
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