Global High Temperature Insulation Market to be Worth $ 6.36 billion by 2026

Posted by nileshdbmr on October 4th, 2019

Global high temperature insulation market is expected to rise to an estimated value of USD 6.36 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the presence of stringent norms regarding the emissions of greenhouse gases from various different industrial processes.

Key Market Competitors:

Few of the major competitors currently working in the global high temperature insulation market are 3M; ADL Insulflex, Inc.; Almatis BV; Dyson Group Plc; Saint-Gobain; Hi-Temp Insulation, Inc.; Insulcon BV; ISOLITE INSULATING PRODUCTS CO., LTD.; Pacor, Inc.; Promat International NV; Pyrotek; Morgan Advanced Materials; Unifrax; Zircar Zirconia, Inc.; Wacker Chemie AG; Aspen Aerogels, Inc.; BASF SE; Cabot Corporation; Concept Group LLC; Guangdong Alison Hi-Tech Co.,Ltd.; JIOS Aerogel Corporation; HarbisonWalker International; Mitsubishi Chemical Corporation; RHI Magnesita GmbH and Etex among others.

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High temperature insulation is the collection of insulating materials/substances combined with different innovative techniques to provide high-thermal insulating performance for different materials and applications. The application range consists of ceramic surfaces, glass products, iron & steel industries, aluminum products and various other applications.

Competitive Analysis:

Global high temperature insulation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of high temperature insulation market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Segmentation: Global High Temperature Insulation Market

•          By Product (Ceramic Fiber, Insulating Firebrick, Calcium Silicate, Others)
•          By Temperature Range (1000ºC-1700ºC, Above 1700ºC)
•          By Application (Petrochemicals, Ceramics, Glass, Cement, Iron & Steel, Refractory, Powder Metallurgy, Aluminum, Others)
•          By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Market Drivers:

•          High levels of benefits associated with energy conservation and economic benefits with the operational cycle of different industries and businesses; this factor is expected to drive the growth of the market
•          Growing demand for insulating solutions and technologies from various heavy industries globally; this factor is expected to boost the growth of the market
•          Environmental benefits resulting in significant reduction in the emissions from different industries; this factor is expected to positively affect the growth of the market

Market Restraints:

•          Lack of durability of these products for high temperature insulation is expected to restrict the growth of the market
•          Concerns regarding the negative health effects that insulating materials have on individuals because of their carcinogenic content is expect to restrict its adoption rate

Key Insights in the report:

•          Complete and distinct analysis of the market drivers and restraints
•          Key market players involved in this industry
•          Detailed analysis of the market segmentation
•          Competitive analysis of the key players involved

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