PUBLISHER: Polaris Market Research | PRODUCT CODE: 1132354
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1132354
The global high temperature insulation market size is expected to reach USD 10.50 billion by 2030, according to a new study by Polaris Market Research. The report "High Temperature Insulation Market Share, Size, Trends, Industry Analysis Report, By Product (Calcium Silicate, Ceramic Fiber, Insulating Firebrick, Others); By Application; By Temperature Range; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The major benefit of high-temperature insulation across various verticals is driving the market growth over the forecast period. High-temperature insulation is a type of insulation that enables users to raise or lower temperature. It is an insulating material that guards against extreme heat. They are primarily utilized in manufacturing, electrical appliances, and automobiles. Good insulators have a large capacity that takes some time to heat up and some time to absorb heat.
The high heat insulation material business has created insulations that employ vacuum technology to prevent conduction, insulations that use reflective materials to prevent radiant heat transfer, and even insulations that use mass insulations to prevent conduction. High-performance insulating materials are also created using nanoparticle technology. Some of the biggest businesses in the world have contributed to ongoing initiatives to create cutting-edge insulation technologies.
The market for high-temperature insulating materials is anticipated to increase in response to the rising demand for energy efficiency. One of the most affordable and secure ways to save energy is through insulation. Industrial machinery, such as continuously operating brick wall furnaces, can have their average temperature changed and their heat storage capacity increased by adding outside insulation.
Acoustics insulation in industrial plants to minimize machine noise and protection against mechanical damage to piping and other elements are additional benefits of insulation. Pipe frost prevention at low temperatures is another. Insulation can safeguard machinery and help achieve extremely high or low temperatures while lowering the risk of incidents
Moreover, it is also projected that the quick shift in the production base and the decrease in emission levels will serve as major variables promoting the expansion of the market for high-temperature insulation materials. The market is anticipated to grow favorably as HTI materials are being used in a variety of industries, including cement, petrochemical, and metal manufacturing. The development of unique production facilities that use high-temperature insulations is the primary factor responsible for the market's expansion.
High-Temperature Insulation Market Report Highlights
With a significant growth during the forecast period, calcium silicate is the segment that is growing the fastest. Calcium silicate will rise more rapidly during the forecast period as a result of rising industrialization in developing countries and government policies that are promoting the market for high-temperature insulation.
The ceramic fibers segment is dominating the growth of the market and is expected to witness significant growth over the forecast period. This is rapidly rising owing to Its superior insulating qualities, low thermal conductivity, excellent thermal shock resistance, low heat storage capacity, and inorganic composition.
Due to the region's expanding electrical and electronics industries, Asia Pacific now holds a dominant position in the market for high-temperature insulating materials. India's contribution to global electronics manufacturing has expanded which is assisting the market to grow.
The global high temperature insulation market is highly competitive owing to the existence of large market players with a global presence including Almatis Ltd, Calderys Inc., ETEX Corporation, Luyang Energy-Saving Materials, Morgan Advanced Materials, and RHI Magnesita
Polaris Market Research has segmented the high temperature insulation market report based on product, application, temperature range, and region:
High Temperature Insulation, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Ceramic Fiber
Insulating Firebrick
Calcium Silicate
Others
High Temperature Insulation, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Petrochemicals
Ceramics
Glass
Cement
Iron & Steel
Refractory
Powder Metallurgy
Aluminum
Others
High Temperature Insulation, Temperature Range Outlook (Revenue - USD Billion, 2018 - 2030)
6,000 C - 11,000 C
11,000 C - 15,000 C
15,000 C - 17,000 C
17,000 C and above
High Temperature Insulation, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global High Temperature Insulation Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Application
Figure 7. Global High Temperature Insulation Market, by Application, 2021 & 2030 (USD Billion)
Figure 8. Market by Product
Figure 9. Global High Temperature Insulation Market, by Product, 2021 & 2030 (USD Billion)
Figure 10. Market by Temperature Range
Figure 11. Global High Temperature Insulation Market, by Temperature Range, 2021 & 2030 (USD Billion)
Figure 12. High Temperature Insulation Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 13. Strategic Analysis - High Temperature Insulation Market