The growing incidence of the implementation of high temperature insulation materials in industries, increasing energy costs, and strict regulatory enforcement in industrial spaces related to thermal insulation are key factors driving global growth in the industry.
The High Temperature Insulation market is projected to reach USD 13.69 Billion by 2027, according to a new report by Reports and Data. Critical factors such as rising competition for the product propel the industry to boost machinery performance and process productivity through application industries. Insulation prevents heat transfer from the equipment system and increases manufacturing the machine's effectiveness by making processes more efficient. However, the industry is moving towards consolidation as producers seek to reduce manufacturing costs and improve the material's thermal resistance. Increasing demand, combined with the availability of the product at reasonable prices, would likely lead to growth in the market.
Increasing population and stringent energy conservation regulations that apply to different industries, such as chemical petrochemical and cement, are likely to drive demand in the high temperature insulation sector.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launch, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
RHI Magnesita, Calderys, BNZ Materials, 3M, Refractory Specialties Incorporated, Luyang Energy-Saving Materials, Morgan Advanced Materials, ETEX, Almatis, and Unifrax, among others.
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The High Temperature Insulation market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends , supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Insulating Firebricks
- Ceramic Fiber
- Calcium Silicate
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Glass
- Ceramics
- Petrochemicals
- Cement
- Refractory
- Aluminum
- Iron and steel
- Powder metallurgy
- Others
Temperature Outlook (Revenue, USD Billion; 2017-2027)
- 6000C-11000C
- 11000C-15000C
- 15000C-17000C
- 17000C+
Key Regions Analyzed in the Report includes:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Furthermore, it consists of information about individual segment of the High Temperature Insulation market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Further key findings from the report suggest
- Government initiatives to endorse manufacturing sectors in the country are projected to augment the demand for high temperature insulation in construction and industrial applications, thereby creating growth opportunities for market players.
- Due to the rising demand for high temperature insulation materials in the thermal power generation industry, the power generation application segment is projected to grow to mitigate energy losses
- Calcium silicate is one of the most commonly used materials, preeminent for heat preservation, used for industrial protection. The physical properties allow it to develop into various shapes and can be reinforced with different materials with the ultimate purpose of obtaining enhanced protective property.
- In recent years, all of the significant market players have invested heavily in RD initiatives, leading to the invention of several innovative products. Major players aim to enhance their product portfolio by strategic mergers and acquisitions of small and medium-scale companies. In the coming years, therefore, an intense rivalry among players is expected.
- In May 2019, 3M acquired Acecity Inc. and its KCI subsidiaries. The acquisition agreement will help the company boost key wound and operational care solutions globally.
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