Materials & Chemicals Market Research News

New report shares details about the high temperature insulation market expected to grow at a CAGR of 7.5% from 2018-2023

Materials & Chemicals Research

The Global High Temperature Insulation Market report categorizes the market based on top manufacturers, regions, type and application that deeply display the global High Temperature Insulation market analysis

- Advertising -

The Global High Temperature Insulation Market report 2018 covers deep dive segmentation in every aspect by type, application, application, end-user and region. The report covers key parameter competitors analysis, product benchmarking, customer analysis, and value chain analysis, pricing analysis, country specific analysis, market trends & forecasts, market entry strategy, new product assessment, new application identification, opportunity analysis.

Enjoy 15% customization or 2 weeks of free customization on the High Temperature Insulation Market report.  

The high temperature insulation materials market is estimated to account for $ 4.0 billion in 2017, and is projected to grow at a CAGR of 7.5% to reach $ 6.1 billion by 2023.

- Advertising -

The major driving factor for HTI materials market have been the rising awareness and emphasis on use of energy efficient products owing to stringent regulations in place to reduce the GHG emissions. The major restraint observed in the HTI market is the carcinogenic nature of insulation material which is found to pose risks to human health.

Therefore, stringent regulations have been in place to guide the production process, primarily in the North American and European markets. The opportunities for players in the HTI market lies in exploring the novel applications in the segments such as aerospace, automotive, renewable, and fire protection alongside devolvement of bio-based insulation materials.

With respect to high temperature insulation materials types, Ceramic fiber is the largest segment. The superior properties of ceramic fibers, such as low thermal conductivity, high strength, and lightweight, and wide range of operating temperatures has been driving the ceramic fibers’ demand over the years.

Get the Research Sample Copy of this Report @ www.supplydemandmarketresearch.com…ccode=SDMRCH6229 .

Calcium silicate, another HTI material is expected to witness the highest CAGR of 6.0% over the forecast period. The demand for insulation on industrial grade piping and equipment is increasing across most of the developing economies.

Moreover, rise in drilling activities in the petroleum segment globally has fueled the demand for high temperature insulation materials.

In terms of market value and volume, Asia-Pacific is the largest segment for high temperature insulation materials market. Emerging economies are the driving force of the HTI industry in this subcontinent.

The emerging economies such as China and India offers a bunch of favorable factors such as low labor cost, high growth potential of the end-use industries, and gradual increase in manufacturing establishments. Cumulatively all these factors drive the high temperature insulation materials market in the Asia-Pacific region.

Among all the end-use industries for high temperature insulation materials market, petrochemical is the most significant and the largest segment both in terms of volume and revenue. The growing demand for petrochemical products worldwide has augmented the manufacturers and producers to enhance their production capabilities thus contributing to increased demand for HTI materials.

The HTI market in the petrochemicals segment is estimated to account for about 40.0% in 2017 and is expected to grow over 5.0% in the next five years. Insert Image

Make an Inquire of this Report @ www.supplydemandmarketresearch.com…ccode=SDMRCH6229

Ceramics industry is expected to grow at the highest CAGR of over 7.0% over the projected period. This is due to rising trend of ceramic fibers replacing asbestos lining in furnaces and kilns, thus propelling the HTI materials demand.

HTI is also gaining popularity among the powder metallurgy manufacturers. Also, industries such as aerospace, solar equipment, and fire protection industries are also expected to augment the demand for HTI over the forecast period.

Asia-Pacific is estimated to account for 45.0% of the high temperature insulation materials market in 2017. It is projected to witness a growth of over 8.0% during the period of 2018-2023.

Asia-Pacific is the hub of exports to the North American and the European markets. Isolite Insulating Products Co.

Ltd and Luyang Energy-Saving Materials Co., Ltd. and Ibiden are the significant players in the region with a stronghold and diversified portfolio in the APAC market.

However, in the North America and Europe markets high emphasis is laid on innovation and investments in research & development. This is due to the fact that stringent governmental regulations emphasize on energy efficient products.

3M, Unifrax, and Morgon Thermal Ceramics are the key players operating in the North America and European markets. The regional markets of North America and Europe have reached saturation and are expected to grow at a moderate CAGR of 3-4%.

Get the Full Research Copy of this Report @ www.supplydemandmarketresearch.com…MRCH6229#Buy_now .

Table of Contents

Introduction

Executive Summary

High Temperature Insulations, By Type

Factors influencing the demand of High Temperature Insulations

North America market analysis

Western Europe market analysis

Asia Pacific market analysis and more………

News From

Supply Demand Market ResearchSupply Demand Market Research
Category: Market Research Publishers and RetailersCompany about: SDMR (supply demand market research) is one of the leading market research and consulting company which helps client in achieving progressive growth in current and disruptive market which is heavily impacted by niche and mega trends, innovative business models, competitive environment in terms of both supply and demand market. Supply side market is impacted by capacity, cost margin, profit margin, disruptive technologies, policies, competition and regulation. Demand side market is impacted by cu ...
This email address is being protected from spambots. You need JavaScript enabled to view it.