High Temperature Insulation (HTI) Materials Market 2019
The market growth of global high temperature insulation (HTI) materials is mainly driven by growing demand of energy and power from industries, increasing awareness about the environment and reduction in the traditional sources of energy. Sustainability at high temperatures and high compressive strength are some of the factors that will fuel the market size of HTI materials in the forthcoming years.
As per a new report, the global high temperature insulation (HTI) materials market is expected to expand at a growing speed. The market of HTI materials is likely to grow at a CAGR of more than 7.8% between 2019 and 2025 which was worth USD 4.44 billion in 2018. HTI products are used for application that need high temperature and function of these HTI products is to conserve energy by lowering heat loss, controlling surface temperature and increasing overall operating efficiency of ventilation.
Furthermost, increasing production of customized HTI products along with strict policy imposed on cement, oil & gas, and metal producers to reduce Greenhouse Gas (GHG) emissions are some other factors that are projected to drive high temperature insulation (HTI) material market growth. The industries are also looking for the ways to produce sustainable, safer and more durable HTI products which is further expected to boost the demand. However, fluctuating raw material prices, concerns regarding health and safety are some of the factors that might affect the overall market growth in future.
Competitive Landscape Due to rapidly growing economies and rising awareness regarding energy conservation the leading players are introducing new and enhanced HTI products. The growing competition and pool of opportunities for high temperature insulation (HTI) material can result in major partnerships and mergers & acquisitions among the leading companies which is expected to influence the market size in an confident way.
The top manufacturers covered in this report Morgan Thermal Ceramics Pyrotek Promat Skamol Unifrax Zircar Fibrous Ceramics
Market Segmentation The global high temperature insulation (HTI) materials market has been segregated into type and application. Based on the type, the market has been divided into Ceramic Fiber, Insulating Firebrick, Calcium Silicate and others. Based on the application, the market has been segmented into Petrochemicals, Cement and Refractory. Some other industries where HTI products are used include petrochemicals, refractory, metallurgy, glass, cement, aluminium to name a few.
Detailed Regional Analysis The global market of high temperature insulation (HTI) materials market has been analysed across the United States, European regions, India, Japan, China, and Southeast Asia. Among the entire major geographies Asia-Pacific region is expected to offer maximum growth opportunity which is mainly due to the availability of cheap labour and reduced raw material costs as well as compared to the developed economies. The North American high temperature insulation (HTI) materials market is also expected to register notable growth which is driven the growing demand from the manufacturing sector, high energy consumption, and increasing concerns regarding saving the environment. Meanwhile, European market is also expected to bolster the HTI materials market in the region. Growing awareness regarding saving the environment is one of the major factor driving the market in this region. Additionally, EU has taken substantial measures in order to reduce GHG emissions and provides energy-saving rebates for temperature insulation which in turn will expand the high temperature insulation (HTI) materials market in this region.
Table of Contents –Analysis of Key Points
Global High Temperature Insulation (HTI) Materials Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
High Temperature Insulation (HTI) Materials Global Market Analysis by Regions
North America High Temperature Insulation (HTI) Materials by Country
Europe High Temperature Insulation (HTI) Materials by Country
Asia-Pacific High Temperature Insulation (HTI) Materials by Country
South America High Temperature Insulation (HTI) Materials by Country
Africa and Middle East High Temperature Insulation (HTI) Materials by Countries
High Temperature Insulation (HTI) Materials Global Market Segment by Type
High Temperature Insulation (HTI) Materials Global Market Segment by Application
High Temperature Insulation (HTI) Materials Market Forecast (2019-2025)
Sales Channel, Distributors, Traders and Dealers
Research Findings and Conclusion
List of Tables and Figures
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