High Temperature Insulation Materials Market Report Highlights, 2021
High Temperature Insulation Materials Market Size Outlook
High Temperature Insulation Materials Market Analysis, 2021
High temperature insulation materials include ceramic fibres, soluble fibres, alumina fibres, insulating firebricks and rock wool fibres. Companies are focusing on manufacturing and selling a comprehensive range of high temperature insulation materials with low thermal conductivity, low shrinkage, high strength, high shock resistance, high thermal performance, cost effective and flexible, durable properties. Materials in different forms including boards, blocks, cords, coated fabrics, flexible sheets, foams, paper, and tapes for wide range of insulating applications above 600⁰C (1112⁰F) are being manufactured worldwide.
The global high temperature insulation (HTI) materials market size stood at $4.89 Billion during 2019. The COVID-19 pandemic led to cancellation of trade shows, which plays an important role in marketing of new materials. Raw material supply disruptions, decline in end user market demand, global trade decline and slow recovery in industries and economies resulted in demand decline during 2020. However, with vaccination availability anticipated from December 2020 in developed countries, the industry is likely to recover growth from 2021.
Overall market demand is driven by growth in Asia Pacific market demand. Demand for heat resistant materials in the petrochemicals industry, ceramics, glass, aluminium, iron and steel markets in China, India, South East Asia and other countries is encouraging the market growth. Drive towards energy efficiency in these industries fuels the use of high performance HTI materials in the region. Further, demand for high performance materials in high temperature environments such as aerospace, industrial applications and low temperature cryogenic and refrigeration applications fuels the market growth.
The research report categorizes the high temperature insulation materials into ceramic fibres, Insulating Firebricks, Calcium Silicate & polycrystalline alumina fibres. Of these, ceramic fibres segment will drive the global market during the forecast period due to the wide usage of its low weight and high insulation properties in furnaces in petrochemical, power, Iron and Steel industries.
The market is characterized by presence of a large number of regional companies. Further, global majors are rapidly expanding into Asian markets driven by huge demand potential.
High Temperature Insulation Materials Companies
The global high temperature insulation materials market is a highly competitive industry, with companies competing with each other to gain a greater market share.
Majority of the players are opting for business expansion in Asia Pacific through product launches, and mergers & acquisitions with domestic distribution networks.
Further, Isolite Insulating Products Co., LTD., ETEX, Calderys, Unifrax, Pyrotek, Adl Insulflex, Cotronics Corporation, Insulcon Group, M.E. Schupp Industriekeramik GmbH, Skamol, Ibiden Co., Pacor, Inc also are the leading companies in HTI materials market worldwide.
Companies in this market have ramped up their product launch activities over the recent years to cater domestic industrial requirements, and are observed to increase their R&D activities. However, limited opportunities to showcase new products in 2020 coupled with low demand conditions posed challenges to the industry.
High Temperature Insulation Materials Market Trends- Energy conservation needs drive investments in HTI materials
The role of insulation in comprehensive energy efficiency in industries is increasing rapidly. Insulation is one of the most energy conserving solutions for both private and commercial customers. In particular, in industrial plants, inadequate insulation and use of low performance materials results in loss of significant volume of heat energy.
Amidst growing drive towards energy efficiency across countries, companies are opting for advanced insulation solutions for improved productivity, environmental quality and cost savings.
Growing awareness and stringent regulations for energy efficiency, lower heat losses and gains in operations and protection during emergency conditions and other benefits encourage use of HTI materials across industries.
High Temperature Insulation Materials Market Drivers- Emerging applications in the Aerospace and Automotive industries
Lightweight high temperature insulation components are witnessing huge demand in aerospace and automotive industries, marine and other industries. Aircrafts operate in harsh environment conditions and accordingly reliable high temperature insulation materials with mechanical stability and high temperature insulation properties are preferred.
Ultra fine insulation fibres, microporous-based insulating products and other new launches are observed in aircraft thrust reversal systems, interiors, exhaust and engine coverings and others. Extensive research is being conducted for high temperature insulation solutions in automotive industries as the demand for electric vehicles increases.
Brazil High Temperature Insulation Materials Market Size Outlook
To reduce heat loss, save space, optimise costs, improve safety and expand design option, companies are increasingly opting for high performance HTI materials. Brazil has large scale petrochemical operations and a vast construction industry. In addition, automotive manufacturing industry is significantly growing in Brazil, which is among the major drivers of HTI materials.
1. TABLE OF CONTENTS 2
1.1 List of Tables 6
1.2 List of Figures 8
2. EXECUTIVE SUMMARY 11
2.1 Summary 11
2.2 The global chemicals industry in 2022 12
2.3 High Temperature Insulation Materials Industry Outlook, 2020 – 2030 13
2.4 Abbreviations 14
3. INTRODUCTION TO HIGH TEMPERATURE INSULATION MATERIALS MARKET 15
3.1 Market Segments - Types, Applications, and Countries 15
3.2 Report Guide 16
3.3 Research Methodology 17
4. MACRO FACTORS SHAPING THE MARKET OUTLOOK 18
4.1 Economic Factors, 2020 – 2030 18
4.2 Demographic Factors, 2020 – 2030 19
5. OVERVIEW OF HIGH TEMPERATURE INSULATION MATERIALS MARKET 20
5.1 Industry Panorama 20
5.2 Major Companies 21
5.3 Market Trends 22
5.4 Largest End-User Applications 24
5.5 Dominant Material Types 24
5.5.1 Ceramic Fibres 25
5.5.2 Insulating Firebricks (IFBs) 27
5.5.3 Others 28
5.4 Regional Outlook 29
6. GLOBAL OUTLOOK ACROSS COVID-19 SCENARIOS 30
6.1 Low Growth Scenario 30
6.2 Reference Case Scenario 31
6.3 High Growth Scenario 31
7. TRENDS IN END USER MARKETS 32
7.1 Petrochemicals 33
7.2 Ceramics 34
7.3 Glass 35
7.4 Aluminum 36
7.5 Iron and Steel 37
7.6 Other Industries 38
8. NORTH AMERICA HIGH TEMPERATURE INSULATION MATERIALS MARKET ANALYSIS 39
8.1 Outlook 39
8.2 Trends and Opportunities 40
8.2.1 Ceramic Fibre dominates the North American HIGH TEMPERATURE INSULATION MATERIALS Market 40
8.2.2 Petrochemicals dominates the North American HIGH TEMPERATURE INSULATION MATERIALS Market 41
8.2.3 The US dominates the North American HIGH TEMPERATURE INSULATION MATERIALS Market 42
8.3 Market Outlook by Country 43
8.3.1 United States High Temperature Insulation Materials Market Outlook 43
8.3.2 Canada High Temperature Insulation Materials Market Outlook 44
8.3.3 Mexico High Temperature Insulation Materials Market Outlook 45
9. EUROPE HIGH TEMPERATURE INSULATION MATERIALS MARKET ANALYSIS 46
9.1 Outlook 46
9.2 Trends and Opportunities 47
9.2.1 Ceramic Fibre dominates the European HIGH TEMPERATURE INSULATION MATERIALS Market 47
9.2.2 Petrochemicals dominates the European HIGH TEMPERATURE INSULATION MATERIALS Market 48
9.2.3 Germany dominates the European HIGH TEMPERATURE INSULATION MATERIALS Market 49
9.3 Market Outlook by Country 50
9.3.1 Germany High Temperature Insulation Materials Market Outlook 50
9.3.2 United Kingdom High Temperature Insulation Materials Market Outlook 51
9.3.3 France High Temperature Insulation Materials Market Outlook 52
9.3.4 Spain High Temperature Insulation Materials Market Outlook 53
9.3.5 Italy High Temperature Insulation Materials Market Outlook 54
10. ASIA PACIFIC HIGH TEMPERATURE INSULATION MATERIALS MARKET ANALYSIS 55
10.1 Outlook 55
10.2 Trends and Opportunities 56
10.2.1 Ceramic Fibres dominates the Asia Pacific HIGH TEMPERATURE INSULATION MATERIALS Market 56
10.2.2 Petrochemicals dominates the Asia Pacific HIGH TEMPERATURE INSULATION MATERIALS Market 57
10.2.3 China dominates the Asia Pacific HIGH TEMPERATURE INSULATION MATERIALS Market 58
10.3 Market Outlook by Country 59
10.3.1 China High Temperature Insulation Materials Market Outlook 59
10.3.2 India High Temperature Insulation Materials Market Outlook 60
10.3.3 Japan High Temperature Insulation Materials Market Outlook 61
10.3.4 Other Asia Pacific High Temperature Insulation Materials Market Outlook 62
11. LATIN AMERICA HIGH TEMPERATURE INSULATION MATERIALS MARKET ANALYSIS 63
11.1 Outlook 63
11.2 Trends and Opportunities 64
11.2.1 Ceramic Fibres dominates the Latin American Pacific HIGH TEMPERATURE INSULATION MATERIALS Market 64
11.2.2 Petrochemicals dominates the Latin American HIGH TEMPERATURE INSULATION MATERIALS Market 65
11.2.3 Brazil dominates the Latin America HIGH TEMPERATURE INSULATION MATERIALS Market 66
11.3 Market Outlook by Country 67
11.3.1 Brazil High Temperature Insulation Materials Market Outlook 67
11.3.2 Argentina High Temperature Insulation Materials Market Outlook 68
11.3.3 Other Latin America High Temperature Insulation Materials Market Outlook 69
12. MIDDLE EAST AND AFRICA HIGH TEMPERATURE INSULATION MATERIALS MARKET ANALYSIS 70
12.1 Outlook 70
12.2 Trends and Opportunities 71
12.2.1 Ceramic Fibres dominates the Middle East and Africa Pacific HIGH TEMPERATURE INSULATION MATERIALS Market 71
12.2.2 Petrochemicals dominates the Middle East and Africa HIGH TEMPERATURE INSULATION MATERIALS Market 72
12.2.3 Middle East dominates the MEA HIGH TEMPERATURE INSULATION MATERIALS Market 73
12.3 Market Outlook by Country 74
12.3.1 Middle East High Temperature Insulation Materials Market Outlook 74
12.3.2 Africa High Temperature Insulation Materials Market Outlook 75
13. COMPETITIVE LANDSCAPE 76
13.1 RHI Magnesita
13.1.1 Overview
13.1.2 SWOT Analysis
13.1.3 Key Financials
13.2 ETEX Group NV
13.2.1 Overview
13.2.2 SWOT Analysis
13.3 Morgan Advanced Materials
13.3.1 Overview
13.3.2 SWOT Analysis
13.3.3 Key Financials
13.4 Luyang Energy-Saving Materials Co., Ltd.
13.4.1 Overview
13.4.2 SWOT Analysis
13.4.3 Key Financials
13.5 3M Company
13.5.1 Overview
13.5.2 SWOT Analysis
14. APPENDIX 128
14.1 About USD Analytics 128
14.2 Sources and Research Methodology 128
14.3 Copyright 129