According to a market report by Lucintel, the future of the high temperature insulation material market looks promising with opportunities in the petrochemical, ceramic, glass, aluminum, cement, iron & steel, refractory, and powder metallurgy industries. The high temperature insulation material market is expected to grow with a CAGR of 8% from 2019 to 2024. The major drivers for this market are increasing awareness regarding energy conservation and strict policy imposed on cement, oil & gas, and metal producers to reduce greenhouse gas (GHG) emissions.
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In this market, ceramic fiber, insulating firebricks (IFB), and calcium silicate are the major materials used for high temperature insulation. On the basis of comprehensive research, ceramic fiber will remain the largest material used for high temperature insulation. Ceramic fiber has low density and low thermal conductivity which facilitate the control of temperature inside the insulating material.
Within the high temperature insulation material market, petrochemicals will remain the largest end use industry due to increase demand for energy conservation and growth in demand for petrochemical products.
Asia Pacific will remain the largest market over the forecast period due to the shift in the manufacturing base of several end use industries in China, India, and South East Asia region and rise in the number of new manufacturing establishments in different sectors.
Morgan Thermal Ceramics Plc, Unifrax, Etex Group, RHI AG, Isolite, Promat, Pyrotek, Skamol A/S, Mitsubishi Plastics Inc, Dyson Group, and Almatis GmbH are among the major manufacturers of high temperature insulation materials.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the high temperature insulation material market by end use, material type, temperature range, and region. Lucintel has prepared a comprehensive research report titled "High Temperature Insulation Material Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the high temperature insulation material market by material type, temperature range, end use industry, and region as follows:
By Material Type [$M shipment analysis for 2013 – 2024]:
Ceramic Fibers
Insulating Firebricks (IFB)
Calcium Silicate
Others
By Temperature Range [$M shipment analysis for 2013 – 2024]:
(600-1100)0C or (1112-2012) 0F
(1100-1500) 0C or (2012-2732) 0F
(1500-1700) 0C or (2732-3092) 0F
17000C and Above or 30920F and Above
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Petrochemical
Ceramics
Glass
Aluminum
Cement
Iron & Steel
Refractory
Powder Metallurgy
Others (Aerospace, Automotive, Fire Protection, and Solar Applications)
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
France
U.K.
Russia
Turkey
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
ROW
Brazil
Argentina
UAE
Saudi Arabia
Others
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/high-temperature-insulation-material-market.aspx or helpdesk@lucintel.com.
About Lucintel
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