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High Temperature Insulation Materials Market Will Hit CAGR of 8.5%: Global Industry Analysis and Opportunity Assessment 2017-2024
Global High Temperature Insulation Materials Market – Industry Trends and Forecast to 2024
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.
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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
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.
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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
Market Segmentation:
On the basis of type:- Ceramic fiber, insulating firebrick, and calcium silicate and other.
On the basis of temperature range:- 600°C-1100°C, 1100°C-1500°C, 1500°C-1700°C, 1700°C & above.
On the basis of application:- Petrochemicals, ceramics, glass, cement, iron & steel, refractory, powder metallurgy, aluminum and others.
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,
• M.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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