NEW YORK, Nov. 16, 2016 /PRNewswire/ -- Global high-temperature insulation market is poised to reach USD 5.6 billion by 2021. Increasing emphasis on energy conservation across various industries is projected to be one of the major driving forces for the market. Moreover, stringent regulation imposed on metal, cement, and oil & gas to reduce greenhouse gas emission has further augmented the industry growth. However, the carcinogenic content in high-temperature insulation material pose high risk to health, thus is expected to have an adverse impact on growth
On the basis of types: The HTI materials market is segmented into three major types, ceramic fibers insulating fire bricks and others.
On the basis of temperature: The HTI materials market is segmented into various segments based on the operating temperature range. The segmentation varies from 1000°C to applications requiring temperature above 1700°C.
On the basis of End-User: The HTI materials market is segmented into nine major end-user segments, Petrochemical, Ceramics, Glass, Aluminum, Cement, Iron & Steel, Refractory, Powder metallurgy and Others.
On the basis of region: The global HTI materials market is segmented into six regions, North America, Europe, Asia-Pacific, Middle East, South America and Africa.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Europe accounted for more than 35% market revenue. Stringent regulations to reduce GHC emission in Europe are expected to be a key driving factor for the regional market. The demand for HTI product in Europe is primarily dependent on imports from Asia. North America and Asia Pacific also contributed to the significant demand for HTI over the forecast period. Positive regulatory scenario related to improving workplace safety is expected to propel demand over the projected period.
However, European and North American markets have reached saturation and supposed to grow at a sluggish rate. In contrast, Latin America and Asia Pacific region are poised to witness substantial growth owing to rapid industrialization in Brazil, China, and India.
Competitive scenario and market share of the top players in the HTI materials market has been discussed in detail. The top players of the industry are profiled in detail with their recent developments and other strategic industry activities. These include Morgan Thermal Ceramics (U.K.), Unifrax I LLC (U.S.), Shangdong Luyang Co. Ltd (China), Isolite Insulating Products Co. Ltd. (Japan), Promat GmbH (Belgium), Pyrotek Incorporated(U.S.), BNZ Materials Inc. (U.S.), and so on.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand ofHigh Temperature Insulation globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis ofHigh Temperature Insulation. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in theHigh Temperature Insulation market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the High Temperature Insulation market to understand the present and future trends in this market and formulate their strategies accordingly.
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