Pune, India -- (SBWIRE) -- 07/06/2018 -- According to New Research The Global High Temperature Insulation Materials Market accounted for USD 3.54 billion in 2016 and is projected to grow at a CAGR of 8.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global High Temperature Insulation Materials Market By Type (Ceramic Fiber, Insulating Firebrick, Calcium Silicate, Other); By Temperature Range (600°C-1100°C, 1100°C-1500°C, 1500°C-1700°C, 1700°C & Above) By Application (Petrochemicals, Ceramics, Glass, Cement, Iron & Steel, Refractory, Powder metallurgy, Aluminum, Others) – Industry Trends and Forecast to 2024
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Market Definition:
High temperature insulation materials are used in places where the temperature usually remains high. The latest trend in this market is high demand for energy saving, government regulations for emission controls and emerging economies in Asia-Pacific. There is growing demand of high temperature insulation materials for industries such as petrochemicals, ceramics, glass, cement, iron & steel, refractory, powder metallurgy, and aluminum which is, expected to be a major driver of the market over the forecast period.
Competitive Analysis:
The Global High Temperature Insulation Materials Market is consolidated due to the presence of a limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Drivers:
- Growing need for energy savings
- Emission control regulations by governments
- Rapid industrialization in emerging economies of Asia-Pacific
Market Restraint:
- Carcinogenic nature of ceramic fibers
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Market Segmentation:
- On the basis of type
- On the basis of temperature range
- On the basis of application
On the basis of geography:-
- North America,
- South America,
- Europe,
- Asia-Pacific and Middle East & Africa.
Major Market Competitors:
- include Morgan Thermal Ceramics,
- Luyang Energy-Saving Materials Co., Ltd.,
- RHI AG,
- Mitsubishi Plastics Inc.,
- 3M Company,
- Isolite Insulating Products Co. Ltd.,
- Etex Group,
- Dyson Group PLC,
- Unifrax I LLC,
- Almatis GmbH,
- Bnz Materials Inc.,
- Pyrotek Inc.,
- Hi-Temp Insulation Inc.,
- Cotronics Corporation,
- Adl Insulflex Inc.,
- Insulcon Group,
- E Schupp Industriekeramik GmbH & Co.,
- Skamol A/S,
- Ibiden Co., Ltd.,
- Cellaris Ltd.,
- ETS Schaefer Corp.,
- Pacor Inc.,
- Par Group,
- Prairie Ceramic Corp.,
- Rath AG
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