The Global Market for High Temperature Insulation is Projected to Reach US$4.7 Billion by 2020

Focus on Reducing Energy Wastage & Lowering GHG Emissions to Drive the High Temperature Insulation Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global High Temperature Insulation market. The global market for High Temperature Insulation is projected to reach US$4.7 billion by 2020, driven by the rising global focus on energy efficiency and greenhouse gas (GHG) emission reduction.

High Temperature Insulation (HTI) materials are used in temperature-intensive applications for the purpose of minimizing heat transfer, lowering energy utilization, reducing greenhouse gas emissions, and protecting equipment from heat exposure. High-temperature fiber insulations cover a broad range of fibrous insulations that vary in terms of chemical composition, density, flexibility, and form. These insulation solutions are employed as effective thermal insulators in temperature settings of 1000°C or above. Superior attributes of high temperature insulation in terms of environmental and cost benefits, temperature resistant properties, efficient thermal shock resistant, and low thermal conductivity properties, are responsible for the steady evolution of the market over the years.

The positive outlook for industrial and manufacturing production growth amid the looming economic challenges provides an optimistic platform for growth in the HTI market, given their important role in significantly reducing emissions and energy consumption in a multitude of high temperature processing applications. Future growth in the market will also be driven by the growing global focus on energy efficiency against a backdrop of depleting fossil fuel resources, rising focus on green energy and emphasis on curbing environmental pollution and climate. Widespread adoption of HTI products in petrochemical, cement and metals manufacturing industries represents an important growth driver, supported by stringent environmental regulations in these industries. The near-term positive outlook for manufacturing/production, reflected by the soft recovery in global manufacturing PMI, is also expected to bode well for market expansion.

As stated by the new market research report on High Temperature Insulation, Europe represents the largest market worldwide. The growth in developed markets of Europe and the United States is driven by rising government initiatives to revitalize the manufacturing sector, given the ability of the sector to drive economic growth and power a recovery. Asia-Pacific is forecast to emerge into one of the leading markets, driven by steadily growing economies, improving environmental regulations and laws, and strong production activities across key end-use industries. Latin America ranks as the fastest growing market with a CAGR of 10.2% over the analysis period.

Key players covered in the report include 3M Company, ADL Insulflex, Inc., Almatis GmbH, BNZ Materials, Inc., Cellaris Ltd., Hi-Temp Insulation, Insulcon Group, Isolite Insulating Products Co., Ltd., M.E. Schupp Industriekeramik, Mitsubishi Plastics Inc., Morgan Thermal Ceramics, Pacor, Inc., Promat International, Microtherm N.V., Pyrotek Incorporated, RHI AG, Shandong Luyang Share Co., Ltd., Skamol A/S, Unifrax LLC, YESO Insulating Products Co. Ltd., and Zircar Ceramics, Inc., among others.

The research report titled “High Temperature Insulation (HTI): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, latest product launches and recent industry activity of major companies worldwide. The report provides market estimates and projections in value (US$) for material types including Insulating Firebricks, Ceramic Fibers, and Others. Key operating temperature ranges analyzed in volume (Tons) include 1000°C-1150°C, 1150°C-1300°C, 1300°C-1500°C, and Above 1500°C. Geographic markets analyzed in the report include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America). Key end-use application sector analyzed for the global market include Aluminum, Cement, Ceramics, Glass, Petrochemicals, and Others.

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