Description
The
goal of this report is to characterize, portray, and estimate the market on the
premise of sort, application, therapeutic condition, and area. It gives
point-by-point data with respect to the main considerations influencing the
development of the market. This report likewise tracks and examines aggressive
improvements of the key players regarding market advancements, item portfolios,
and financials
San
Francisco, January 28, 2014 - The global market for high temperature insulation
is expected to reach USD 5.14 billion by 2020. Growing need to conserve energy
across various industries and sector is expected to be one of the driving
factors for the market. In addition, stringent regulations imposed on cement,
oil & gas and metal producers to reduce green house gases emission has also
helped in developing the market for high temperature insulation. However,
health risks associated with the carcinogenic content in high temperature
insulation materials has been a key issue for industry participants. In order
to reduce reliance on synthetic insulation materials, industry has shifted its
focus towards developing bio-based alternatives for high temperature materials.
Petrochemicals
emerged as the leading application market for high temperature insulation
products and accounted for over 30% of the market revenue in 2012. Growing
demand for various primary and secondary petrochemicals coupled with need to
conserve energy has propelled the growth of high temperature insulation
materials in petrochemical industry. Global demand for HTI materials in
petrochemical industry is expected to grow at a CAGR of 8.6% from 2013 to 2020.
However, use of HTI materials in powder metallurgy has also been gaining attention
from major manufacturers. In addition, novel application of HTI products in
aerospace, solar equipment and fire protection industries is also expected to
boost their demand over the forecast period.
Further
key findings from the study suggest:
Ceramic
fibers emerged as the leading product segment and accounted for approximately
60% of total market revenue in 2012. Shift in focus toward replacing asbestos
in furnace linings and kilns are expected to fuel the demand for ceramic fibers
over the forecast period. Ceramic fibers were followed by insulating firebricks
and calcium silicate among some other high temperature insulation products
Europe
emerged as the leading market for high temperature insulation and accounted for
38% of total market revenue in 2012. Stringent regulations to reduce GHG
emission in Europe is expected to be a key driving factor for the regional
market. European demand for HTI products is mainly dependent on imports from
Asia. Europe was followed by North America and Asia Pacific in terms of market
demand
North
American and European market for HTI products has reached its saturation and is
expected to grow at a relatively sluggish rate. On the other hand, Asia Pacific
and Latin America have immense growth opportunities in the near future owing to
growth of industrialization in China, India and Brazil. Asia Pacific market for
high temperature is expected to grow at an estimated CAGR of 9.2% from 2013 to
2020
In
terms of production, Asia Pacific emerged as a clear leader and accounted for
48% of the total production in 2012. Relaxed regulations coupled with low
manufacturing cost are expected to boost production of high temperature
insulation materials in the region. Asia Pacific export most of its produced
HTI materials to European and North American countries
Global
market for high temperature insulation is dominated mainly by two companies,
Thermal Ceramics and Unifrax which together accounted for over one third of the
total market in 2012. Some of the other companies operating in the global high
temperature insulation market include Zircar, Pyrotek, Isolite, Skamol, Promat
and Saffil.
For
the purpose of this study, Grand View Research has segmented the global high
temperature market on the basis of product, application and region:
High Temperature Insulation Product
Outlook,
Ceramic
Fiber
Insulating
Firebrick
Calcium
Silicate
Other
High
Temperature Insulation Application Outlook,
Petrochemicals
Ceramics
Glass
Cement
Iron
& Steel
Refractory
Powder
metallurgy
Aluminum
Others
High
Temperature Insulation Regional Outlook,
North
America
Europe
Asia
Pacific
Rest
of the World
This
report is a total investigation of ebb and flow inclines in the market,
business development drivers, and restrictions. It gives showcase projections
to the coming years. It incorporates investigation of late advancements in
innovation, Doorman's five power demonstrate examination and point by point
profiles of best industry players. The report additionally incorporates a
survey of miniaturized scale and large-scale factors fundamental for the
current market players and new participants alongside nitty gritty esteem chain
examination
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