High Temperature Insulation Materials Market by Type, Temperature Range, End-Use Industry, Region - Global Forecast to 2021
NEW YORK, Feb. 28, 2017 /PRNewswire/ --
asing demand for high temperature insulation materials from the petrochemicals industry is driving the growth of the high temperature insulation materials market"
The high temperature insulation materials market is projected to reach USD 5.13 billion by 2021, at a CAGR of 8.3% between 2016 and 2021. Increasing demand for high temperature insulation materials from the petrochemicals industry is a major driver for this market. The petrochemicals industry accounts for nearly 70% of the total energy demand within the chemicals sector. Therefore, the growing need for energy savings is propelling the adoption of high temperature insulation materials from this industry. However, several countries worldwide have strict regulations toward the use of ceramic fibers, as these fibers are carcinogenic in nature. These countries have formulated regulations regarding the occupational exposure limit for the production of ceramic fibers. This acts as a restraint to the growth of the high temperature insulation materials market.
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"Insulating firebricks and other materials that include perlite, vermiculite, and microporous materials are the fastest-growing types of high temperature insulation materials"
Insulating firebricks and other materials (such as perlite, vermiculite, and microporous materials) segments are expected to register high growth in the high temperature insulation materials market. This is due to the increasing usage of high temperature insulation materials in varied industry verticals. Ceramic fibers are the largest type segment of the high temperature insulation materials market. However, owing to their carcinogenic nature, the applicability of ceramic fibers is projected to decline in the near future.
"Asia-Pacific is the largest regional segment of the high temperature insulation materials market"
Asia-Pacific is the largest regional segment of the high temperature insulation materials market. Countries in this region such as China, India, Japan, and South Korea are witnessing a gradual increase in the use of high temperature insulation materials. The shift in the manufacturing base of several end-use industries, increase in foreign investments, and rise in the number of new manufacturing establishments in different sectors are key factors driving the growth of the high temperature insulation materials market in the Asia-Pacific region.
This study has been validated through primary interviews conducted with various industry experts, globally. These primary sources have been divided in three categories: by company type, designation, and region.
- By Company Type: Tier 1 – 60%, Tier 2 – 20%, and Tier 3 – 20%
- By Designation: Director Level – 30%, C Level – 30%, and Others – 40%
- By Region: North America – 30%, Asia-Pacific – 50%, and Europe – 20%
The report also includes company profiles and competitive strategies adopted by major market players, such as Morgan Thermal Ceramics Plc (U.K.), Etex Group (Belgium), RHI AG (Austria), Luyang Energy-Savings Materials Co., Ltd. (China), 3M Company (U.S.), Isolite Insulating Products Co., Ltd. (Japan), Unifrax I LLC (U.S), Mitsubishi Plastics Inc. (Japan), Almatis GmbH (Germany), and Dyson Group Plc (U.K).
Research Coverage
This research report categorizes the high temperature insulation materials market based on type, temperature range, end-use industry, and region. It forecasts revenue growth and includes an analysis of trends in each of the submarkets. It also includes company profiles and competitive strategies adopted by major players operating in the high temperature insulation materials market.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the automotive interior materials market; high-growth regions; and market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on high temperature insulation materials types offered by top market players
- Product Development/Innovation: Detailed insights on emerging technologies, research & development (R&D) activities, and new product launches in the high temperature insulation materials market
- Market Development: Comprehensive information on lucrative emerging markets – the report analyzes the high temperature insulation materials market across regions
- Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the high temperature insulation materials market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the high temperature insulation materials market
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