According to IMARC Group latest report titled” High Temperature Insulation Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The Global High Temperature Insulation Materials Market report to grow at a CAGR of around 7% during the next five years. High-temperature insulation (HTI) materials are various microporous materials that limit heat and energy transfer. These materials are primarily comprised of ceramic fibers, insulating firebricks, and calcium silicate. HTI materials are widely adopted for high-pressure steam piping, flanges, boilers, dryers, furnaces, and turbines. They also protect the equipment from extreme temperature changes, reduce energy utilization, and minimize greenhouse gas (GHG) emissions.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
Rapid industrialization, along with several advancements in the petrochemical industry, are primarily augmenting the demand for HTI materials. These insulation materials are widely used in fire-proof linings for industrial boards, cast shapes, and textile products manufacturing. Additionally, the growing awareness towards energy conservation, along with the increasing depletion of conventional energy sources, has led to the emergence of sustainable HTI materials. This has increased the adoption of recyclable and reusable bio-based alternatives, thereby bolstering the market growth. Furthermore, the increasing demand for HTI materials in the automotive and aerospace industries will continue to propel the market growth in the coming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 3M
- ADL Insulflex Inc.
- Almatis GmbH
- BNZ Materials
- Dysons
- Insulcon BV
- Isolite Insulating Products Co. Ltd.
- E. Schupp Industriekeramik GmbH
- Mitsubishi Chemical Holdings
- Morgan Advanced Materials
- Pacor Inc.
- Promat
- Pyrotek Inc.
- RHI Magnesita
- Skamol
- Unifrax Corporation
High Temperature Insulation Materials Market Segmentation:
Our report has categorized the market based on region, material type, temperature range and end-use industry.
Market Breakup by Material Type:
- Ceramic Fibers
- Insulating Firebricks
- Calcium Silicate
- Others
Market Breakup by Temperature Range:
- 6000°C-11000°C (1112°F-2012°F)
- 11000°C-15000°C (2012°F-2732°F)
- 15000°C-17000°C (2732°F-3092°F)
- 17000°C and Above (3092°F)
Market Breakup by End-Use Industry:
- Petrochemical
- Ceramic
- Glass
- Aluminum
- Iron & Steel
- Cement
- Refractory
- Powder Metallurgy
- Others
Market Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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