Global High Temperature Insulation Materials Market to Grow at 7.2% During 2024-2032, Bolstered by Rapid Industrialization

August 25, 2021 | Chemical & Materials

The latest report by IMARC Group, titled “High Temperature Insulation Materials Market Report by Material Type (Ceramic Fibers, Insulating Firebricks, Calcium Silicate, and Others), Temperature Range (6000°C-11000°C (1112°F-2012°F), 11000°C-15000°C (2012°F-2732°F), 15000°C-17000°C (2732°F-3092°F), 17000°C and Above (3092°F)), End-Use Industry (Petrochemical, Ceramic, Glass, Aluminum, Iron and Steel, Cement, Refractory, Powder Metallurgy, and Others), and Region 2024-2032,” finds that the global high temperature insulation materials market reached a value of US$ 6.0 Billion in 2023. A high temperature insulation (HTI) material slows down the flow of heat energy by reducing heat loss or gain from pipework, equipment, and vessels. It also provides accurate control of process temperatures, prevents condensation on cold surfaces and corrosion, and protects the equipment. Nowadays, HTI materials are available in different shapes and forms, including rolls, slabs, and pipe sections. In recent years, the demand for HTI materials has escalated as they offer improved performance, reliability, and safety.

Global High Temperature Insulation Materials Market Trends: 

The global high-temperature insulation material market is driven by the rising environmental concerns among individuals. In addition, rapid industrialization has resulted in the adoption of customizable HTI materials, especially in emerging economies. Besides this, the imposition of strict environmental protection regulations by the governments of various countries has promoted the utilization of HTI materials in the cement manufacturing, oil and gas, and metal-producing sectors to curb greenhouse gas (GHG) emissions and reduce the carbon footprints. As a result, several manufacturers are introducing recyclable and reusable bio-based HTI materials made from seagrass, cellulose flakes, hemp mats, and sheep wool. Moreover, they are also extensively investing in research and development (R&D) activities to reduce the cost of production and increase the thermal resistance of the materials. Looking forward, the market is expected to grow at a CAGR of 7.2% during the forecast period (2024-2032).

Market Summary: 

  • Based on the material type, the market has been segmented into ceramic fibers, insulating firebricks, calcium silicate, and others.
  • On the basis of the temperature range, the market has been classified into 6000°C-11000°C (1112°F-2012°F), 11000°C-15000°C (2012°F-2732°F), 15000°C-17000°C (2732°F-3092°F), and 17000°C and above (3092°F).
  • The market has been categorized based on the end-use industry into petrochemical, ceramic, glass, aluminum, iron and steel, cement, refractory, powder metallurgy, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being 3M Company, ADL Insulflex Inc., Almatis B.V., BNZ Materials, Dysons Limited, Insulcon B.V., Isolite Insulating Products Co. Limited, M.E. Schupp Industriekeramik GmbH, Mitsubishi Chemical Holdings Corporation, Morgan Advanced Materials Plc, Pacor Inc., Promat International, Pyrotek Inc., RHI Magnesita N.V., Skamol Group, and Unifrax Corporation.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage  Material Type, Temperature Range, End-Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M, ADL Insulflex Inc., Almatis GmbH, BNZ Materials, Dysons, Insulcon BV, Isolite Insulating Products Co. Ltd., M.E. Schupp Industriekeramik GmbH, Mitsubishi Chemical Holdings, Morgan Advanced Materials, Pacor Inc., Promat, Pyrotek Inc., RHI Magnesita, Skamol, and Unifrax Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global High Temperature Insulation Materials Market to Grow at 7.2% During 2024-2032, Bolstered by Rapid Industrialization
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