Global High-Temperature Insulation Market Present Scenario, Trends, Drivers, Threats, Applications, and Growth Forecast to 2028

“Global High-Temperature Insulation Market” is an upcoming report that focuses on currently available types of products, and the wide scope of applications of high-temperature insulation. The report also provides driving factors, recent trends, future opportunities, external threats and internal weaknesses that have an impact on growth possibilities of the global high-temperature insulation market. It also includes list of 10 prominent and international players in the market and their detailed profiles including revenue, geographical presence, SWOT analysis, etc. the global high temperature insulation market is expected to be valued at US$ X Mn in 2019 and register substantial growth rate in the 10-year period. The global high-temperature insulation market report has been segmented on the basis of product type application, and region.

High-Temperature Insulation: Product Overview

High-temperature insulation restricts the transfer of heat and therefore reduces the energy required to elevate temperatures and shields adjacent materials from the heat damage.

Driving and Hampering Elements of the Global Market

Increasing need to reduce power consumption levels and restrict emissions into the environment is resulting in development of superior high-temperature insulation technologies that use metal oxide such as zirconium, silica, alumina, and also non-oxides as raw materials. Therefore, low VOC emissions and energy-saving capability are key benefits of high-temperature insulation and is one of the major factors expected to drive growth of the global high-temperature insulation market over the next few years. In addition, initiatives taken by governments of various countries and other local regulatory bodies associated with environmental concerns to reduce emissions from factories in order to prevent pollution of air are other key factors expected to augment growth of the target market over the estimated time period.

Issues related to durability is a key challenge for the players and is a major factor that could hamper growth of the global market to a certain extent. In addition, stringent regulatory framework imposed by governments of various countries makes entry of new firms difficult. This is because registration and product acceptance remains a major challenge for new manufacturers trying to enter the market. This is another major factor that could continue to restrain growth of the target market.

However, advancements in technology, coupled with constant development of new ideas and applications where high-temperature insulation products can be used and development of low bio-based and bio-persistent insulation products are expected to create new growth opportunities for the players in the global market in the coming years. In addition, increasing new alliances, mergers, and acquisitions between prominent players in the global market are expected to further augment growth of the target market.

Segment Analysis

By Product Type:

Among the segments based on product type, the ceramic fiber segment currently accounts for major revenue share in the global market. Ceramic fibers are used as substitutes of asbestos in kilns and furnace linings for high-temperature insulation. Other advantages offered by ceramic fibers are resistance against thermal shock, flexibility, lightweight, and excellent strength, owing to which ceramic fibers are used in various end-use industries such as aluminum, petrochemicals, refractory, etc.

By Application:

Among the segments based on application, the petrochemical application segment is expected to account for major share in terms of revenue in the target market, owing to ever-increasing demand for petrochemical products across the globe, which in turn, is compelling the producers to improve their production capacities which involve high-temperature insulation.

Global High-Temperature Insulation Market: Regional Analysis

The North America market is currently dominating in the global market in terms of revenue share, owing to rapidly growing manufacturing sector in countries in the region, coupled with increasing demand for power or energy. In addition, growing environmental concerns on account of air pollution in countries in North America is also expected to drive growth of the regional high-temperature insulation market. However, the North America market growth may be restrained due to restrictions on new entrants in the target market. The market in Asia Pacific is projected to register considerable growth rate over the projection time period, owing to emerging manufacturing bases in countries in the region, coupled with increasing Foreign Direct Investment (FDI) in developing economies of the region.

Global High-Temperature Insulation Market Segmentation:

Segmentation by Product Type:

• Ceramic Fiber
• Insulating Firebrick
• Calcium Silicate
• Others

Segmentation by Application:

• Ceramics
• Petrochemicals
• Glass
• Cement
• Powder metallurgy
• Iron & Steel
• Refractory
• Aluminum
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa