High Temperature Insulation Market Will Register A Robust Expansion At An Estimated CAGR Of 5% From 2017-2026
High Temperature Insulation Market size will exceed USD 4.0 billion by 2024; according to a new research report by Global Market Insights, Inc.
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Growing demand for energy conservation in the manufacturing processes of different industry verticals like petrochemical, ceramic, and glass is majorly driving the high temperature insulation market over the forecast period. Tightening regulations regarding the proper energy conservation, and the increasing demand for maximizing the industrial systems’ efficient are further increasing the demand and enhancing the high temperature insulation market growth.
igh temperature insulation market for ceramic fibers segment is the major segment in terms of product. This material has several applications in various end-user industries. The thermal conductivity, and density are very low in these materials, which will help in monitoring the temperature in the surroundings. Also, a wide operating temperature range offered by them, have augmented the demand for ceramic fibers in the forecast period.
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Petrochemical industry vertical is likely to grow at a CAGR close to 5% by the end of forecast period. Growing petrochemical activities is majorly attributed to this High temperature insulation market growth. In addition, petrochemical products demand will further give a significant lift to High temperature insulation market. Ceramics industry is the fast growing among all other segments over the forecast timespan.
By the end of 2016, the Asia Pacific regional high temperature insulation market size was over USD 870 million. Increasing industrialization activities in the developing economies of Asia Pacific will drive the regional high temperature insulation market till the end of forecast period. Moreover, rising demand for energy conservation, coupled with stringent regulations regarding them will further drive this market in the entire forecast period.
Significant players of this market are 3M, Hi-Temp Insulation, Cabot Corporation, and BASF SE among others.
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Chapter 2. Executive Summary
2.1. High temperature insulation market 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product by end-user trends
2.1.3. End-user trends
2.1.4. Regional trends
Chapter 3. High Temperature Insulation Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Raw material analysis
3.5. Industry impact force
3.5.1. Growth drivers
3.5.2. Industry pitfalls & challenges
3.6. Growth potential analysis
3.7. Porter’s analysis
3.8. Technology Landscape
3.8.1. Existing technologies
3.8.2. New or upcoming technologies
3.9. Company market share analysis, 2016
3.9.1. Strategy landscape
3.9.2. Emerging business models
3.10. Regulatory landscape
3.11. PESTEL analysis
3.12. Pricing analysis
3.12.1. Regional pricing
3.12.2. Cost structure analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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