High Temperature Insulation Market

Posted November 19, 2018 by MPatni

Global High Temperature Insulation Market Information- by Product Type (Ceramic Fiber, Insulating Firebrick, Calcium Silicate, and Other), by Application (Petrochemicals, Iron & Steel, Glass, and Others) and by Region - Forecast to 2022
High Temperature Insulation Market
High Temperature Insulation Market Synopsis:
High Temperature Insulation will cross USD 5.16 Billion Market by 2022 and it is expected to grow over the CAGR of more than 11.4 % during the period 2018 to 2022. Factors that are hampering the industry growth are overall slowdown in construction which is negatively impacting the entire industry, mindset of many who view insulation as a commodity item and don’t see anything good in products that affects market of every product (mention products or industry to which these products belong).
High Temperature Insulation (HTI) are utilized in temperature intensive application for minimizing heat transfer, greenhouse gas emission and in everything that reduces global warming. Strong energy codes and utilities savings are major market drivers for the entire insulation industry. New residential construction is an obstruction for the growth of glass fiber, mineral wool, and cellulose industry, on the other hand replacement/retrofit segment provides a boost to polystyrene and polyisocyanurate. Restricted supply of glass fiber has created the demand for mineral wool and cellulose in residential area.
Get exclusive sample copy of the expert research at @ https://www.marketresearchfuture.com/sample_request/2006
High Temperature Insulation Market Key Players:
High Temperature Insulation Market includes: Morgan Advanced Materials (U.K.), LUYANG ENERGY-SAVING MATERIALS CO., LTD. (China), RHI Feuerfest GmbH (Austria), Mitsubishi Plastics, Inc. (Japan), 3M (U.S.), Isolite Insulating Products Co., Ltd. (Japan), Etex (Belgium), BASF SE (Germany), Owens Corning (U.S), and Unifrax I LLC (U.S.).
High Temperature Insulation Market Segmentation:
The High Temperature Insulation Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding,
Segmentation On the basis of Product Type : Comprises Ceramic Fiber, Insulating Firebrick, Calcium Silicate, and Others.
Segmentation On the basis Applications : Comprises Petrochemicals, Iron & Steel, Glass, and Others
Segmentation On the basis of Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
High Temperature Insulation Market Regional Analysis:
Geographically, Asia Pacific is the largest market for HTI followed by Latin America. On the other hand, market of North America and Europe with respect to HTI product has reached a saturation (reached a saturation level with respect to what?) Level so is expected to grow at a sluggish growth rate.
Diverse end-use markets range from petrochemicals, ceramics, glass, aluminium, cement, iron & steel, refractory, powder metallurgy and others. Growing GDP in the emerging region, rapid pace of industrialization, growing production and industrial bases, increased necessity to save energy and reduce greenhouse emissions remain key growth driving forces in the post-recession period. Future growth in the international market hinges heavily onto developing economies in Asia-Pacific, South America, Middle East and Africa. The ensuing increase in foreign investments and rise in the number of new manufacturing establishments will contribute to the APAC regions emerge into a prime driver of growth.
Do Enquiry and Ask for Discount # https://www.marketresearchfuture.com/check-discount/2006
High Temperature Insulation Market Application:
High Temperature Insulation materials are used in a numerous end-uses such as valves, flanges, expansion joints, heat exchangers, boilers, furnaces, and others to provide excellent thermal resistance, and superior performance to the final products. They are also utilized in ceramic and textiles industries due to lightweight and corrosion resistance offered by them. The growing demand of these materials has prompted the manufacturers and investors to minimize the heat loss and energy savings factors in end-use applications. Additionally, an increase in the number of mergers & acquisitions among the leading companies have resulted into a remarkable growth in the market during the last couple of years.
High Temperature Insulation materials are products for refractory linings of thermal industrial plants with the objective to reduce heat losses. Materials with low thermal conductivity and low heat capacity have to be used to reach that goal. HTI products are designed to enhance energy efficiency, performance and safety. Apart from temperature intensive application for minimizing heat transfer and greenhouse gas emission, High Temperature Insulations are used for a wide range of industrial applications encompassing project and maintenance work in refineries, petrochemical, and gas processing plants.
However, carcinogenic content in high temperature insulation material is hardeous to health thus, is expected to have an adverse impact on growth of the high temperature insulation market. Petrochemical application has a share of or more than 35% in the growth of this market with respect to contributing in the market profit in 2015. Rising demand of petrochemicals along with the need for energy conservation is most likely to propel demand for high temperature insulation material in the petrochemical industry.
High Temperature Insulation Market Competitive Landscape:
High Temperature Insulation Market appears to be competitive with the presence of several large and small players operating in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. High temperature insulation market is set to grow at a higher rate which is likely to attract many entrants to the market resulting into healthy competition in the future. Manufacturers functioning in the high temperature insulation market are striving to respond to an increase in demand for the product from ceramics, glass, aluminium, iron & steel, cement, refractory and other sectors attributed to boundless use of the product in major sectors. They ensure to deliver the best quality products based on innovative technologies, solutions and best practices.
The petrochemicals end-user industry is the biggest consumer of the HTI products and is expected to drive the HTI market. However, others end-user segment consisting of industries such as aerospace, automotive, fire protection and solar applications is expected to be the fastest growing end-user segment. Increasing need for energy savings to cut down manufacturing cost and environmental concerns over greenhouse emission is the major driving factor for the HTI industry.
High Temperature Insulation Market Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain of Global High Temperature Insulation Market
5 Industry Overview of Global High Temperature Insulation Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
High Temperature Insulation Market Table of Content to be Continue….,
Browse Full Report Here # https://www.marketresearchfuture.com/reports/high-temperature-insulation-market-2006
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Mpatni
Phone 06468459312
Business Address Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Country India
Categories Advertising , Business , Industry
Tags high temperature insulation , high temperature insulation market
Last Updated November 19, 2018