High-temperature Insulation Materials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The High-temperature Insulation Materials Market is segmented by Material Type (Fiberglass, Mineral Wool, Vacuum-formed Insulating Products, Polyurethane Foam, Polystyrene, Insulating Firebricks (IFB), and Other Material Types), Application (Insulation, Industrial Equipment, and Other Applications), End-user Industry (Construction, Transportation, Electrical and Electronics, Power Generation, Petrochemicals, Industrial, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

High-Temperature Insulation Materials Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %

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Market Overview

The high-temperature insulation materials market is projected to register a CAGR of more than 4% during the forecast period (2021-2026).

COVID-19 has affected both the supply and demand in the high-temperature insulation materials market. Most countries were under complete lockdown for a specified time, with many factories running on very limited staffing or were even closed temporarily. The levels of activities were very low, and many project schedules were changed or postponed. Due to all these interruptions, end users also started postponing non-essential purchases and disengages from the consuming processes by lowering their demands for insulating materials. Furthermore, many insulating material manufacturing companies and raw material manufacturers extended the closure of all their operations at their manufacturing locations till receipt of further directions from the government authorities. Production at some of the manufacturing companies’ plants resumed later, which was an encouraging sign.

  • Over the long term, rising demand for energy efficiency and growing infrastructure and industrialization in the Asia-Pacific region are expected to drive market growth.
  • Harmful effects as a result of exposure to certain high-temperature insulation materials are likely to hinder the growth of the market.
  • The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Scope of the Report

The high-temperature insulation materials market is segmented by material type, application, end-user industry, and geography. By material type, the market is segmented into fiberglass, mineral wool, vacuum-formed insulating products, polyurethane foam, polystyrene, insulating firebricks (IFB), and other material types. By application, the market is segmented into insulation, industrial equipment, and other applications. By end-user industry, the market is segmented into construction, transportation, electrical and electronics, power generation, petrochemicals, industrial, and other end-user industries. The report also covers the market size and forecasts for the high-temperature insulation materials market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Material Type
Fiberglass
Mineral Wool
Alkaline Earth Silicate (AES)
Aluminum Silicate Wool (ASW) or Refractory Ceramic Fiber (RCF)
Polycrystalline Wool/Fiber (PCW)
Long Fiber
Vacuum-formed Insulating Products
Polyurethane Foam
Polystyrene
Insulating Firebricks (IFB)
Other Material Types
Application
Insulation
Industrial Equipment
Other Applications
End-user Industry
Construction
Transportation
Electrical and Electronics
Power Generation
Petrochemicals
Industrial
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Rising Demand in Insulaton Application

  • Insulations are produced in a variety of forms suitable for specific functions and applications. There are many properties of insulating materials which are important to consider for the selection of insulation materials.
  • The primary purpose of insulation is to prevent/minimize thermal energy losses for the conservation of energy. However, insulation helps in several ways; such that it provides more accurate control of process temperatures and protection of the product, it prevents condensation on cold surfaces and the resulting corrosion, it minimizes the formation of condensate in the steam pipeline and related problems, and it provides fire protection and absorbs vibration.
  • The high-temperature application range is 600°F through 1500°F and is commonly used in turbines, breechings, stacks, exhausts, incinerators, boilers, etc. 2300°F is the maximum temperature for which insulation is applied and over 2300°F applications such as melting furnaces refractory is generally used.
  • High-temperature insulation is mostly used for industrial furnaces, ovens, and pipes. These are used in a wide range of industries and applications in thermal-processing plants. Additionally, pipes and equipment shall also be insulated according to the need of the application.
  • These materials are mostly used in industries such as petrochemicals, iron and steel, cement manufacturing, offshore, power generation, aluminum, and construction, among others.
  • Insulation materials are used to retard the flow of heat energy by reducing heat loss or gain from pipework, equipment, tanks, and vessels. High-temperature insulation materials are available in many shapes and forms, from rolls and slabs to pipe sections. Insulation offers any mechanical systems to operate within environmental criteria and also reduce emissions of pollutants to the atmosphere.

Therefore, owing to the above-mentioned factors, the demand for high-temperature insulation materials is expected to increase for insulation application in the coming years.

High-Temperature Insulation Materials Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market, majorly because of China. The country’s manufacturing sector is one of the major contributors to the country’s economy.
  • In China, the construction industry grew at a strong pace in 2019, even though the growth slowed down during the year, as compared to 2018. The construction sector has supported the economic growth in the country. Although this growth has been far less when compared to the average growth of the construction sector over the past ten years.
  • Further, the total investment in property rose steadily, rising in China in 2019-20. Real estate investment, which is mainly focused on the residential sector and includes the construction of commercial and office spaces, is acting as the key driver for the growth of the construction sector in China. Thus, this scenario, in turn, is likely to propel the demand in the market studied.
  • Additionally, China has the world’s largest electronics production base. Electronic products, such as smartphones, TVs, wires, cables, portable computing devices, gaming systems, and other personal electronic devices, recorded the highest growth in the electronics segment. The country serves not only the domestic demand for electronics but also exports electronic output to other countries. In China, with the increase in the disposable income of the middle-class population and the rising demand for electronic products from countries importing electronic products from China, the production of electronics is projected to grow. With the growing electronics and construction industry, the demand for high-temperature insulation is expected to increase.
  • China is the largest petrochemical-producing country globally. The investment in the olefins and aromatics chains in China is also driving the growth of the petrochemicals industry.
  • Due to all such factors, the market for high-temperature insulation materials in the region is expected to have a steady growth during the forecast period.
High-Temperature Insulation Materials Market Growth Rate By Region

Competitive Landscape

The high-temperature insulation materials market is fragmented in nature. Some of the major players in the market include Morgan Advanced Materials, Luyang Energy-saving Materials Co. Ltd, Rath-Group, Knauf Insulation, and Nutec, among others.

Recent Developments

In May 2019, Saint-Gobain acquired Pritex, a key player in acoustic and thermal insulation solutions made from polymer-based composite materials and intended for the mobility market.

This acquisition helped the mobility business unit of Saint-Gobain High-Performance Solutions to expand its business model beyond automotive glazing and become a provider of solutions in the mobility market for comfort, safety, and energy-saving. Pritex's expertise in thermo-acoustic insulation materials and design combined with Sekurit's thin glazing capabilities enabled an extended offer for customized acoustic and thermal solutions for the automotive market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand for Energy Efficient Equipment

      2. 4.1.2 Growing Infrastructure and Industrialization in the Asia-Pacific Region

    2. 4.2 Restraints

      1. 4.2.1 Harmful Effects as a Result of Exposure to Certain High-temperature Insulation Materials

      2. 4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Impact

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Material Type

      1. 5.1.1 Fiberglass

      2. 5.1.2 Mineral Wool

        1. 5.1.2.1 Alkaline Earth Silicate (AES)

        2. 5.1.2.2 Aluminum Silicate Wool (ASW) or Refractory Ceramic Fiber (RCF)

        3. 5.1.2.3 Polycrystalline Wool/Fiber (PCW)

        4. 5.1.2.4 Long Fiber

      3. 5.1.3 Vacuum-formed Insulating Products

      4. 5.1.4 Polyurethane Foam

      5. 5.1.5 Polystyrene

      6. 5.1.6 Insulating Firebricks (IFB)

      7. 5.1.7 Other Material Types

    2. 5.2 Application

      1. 5.2.1 Insulation

      2. 5.2.2 Industrial Equipment

      3. 5.2.3 Other Applications

    3. 5.3 End-user Industry

      1. 5.3.1 Construction

      2. 5.3.2 Transportation

      3. 5.3.3 Electrical and Electronics

      4. 5.3.4 Power Generation

      5. 5.3.5 Petrochemicals

      6. 5.3.6 Industrial

      7. 5.3.7 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis(%)**/ Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Almatis BV

      3. 6.4.3 BNZ Materials

      4. 6.4.4 Dyson Technical Ceramics

      5. 6.4.5 Etex Group

      6. 6.4.6 Knauf Insulation

      7. 6.4.7 Luyang Energy-Saving Materials Co. Ltd

      8. 6.4.8 ME Schupp Industriekeramik Ceramics GmbH & Co. KG

      9. 6.4.9 Morgan Advanced Materials

      10. 6.4.10 NUTEC Group

      11. 6.4.11 Pacor Inc.

      12. 6.4.12 Pyrotek

      13. 6.4.13 Rath-Group

      14. 6.4.14 Rockwool International AS

      15. 6.4.15 Skamol Group

      16. 6.4.16 Saint-Gobain

      17. 6.4.17 Ube Industries Ltd

      18. 6.4.18 Unifrax

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Usage in Lightweight Refractory Cement

**Subject to Availability

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Frequently Asked Questions

The High-temperature Insulation Materials Market market is studied from 2016 - 2026.

The High-temperature Insulation Materials Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Rath-Group, Morgan Advanced Materials, Luyang Energy-saving Materials Co. Ltd, Knauf Insulation, Nutec are the major companies operating in High-temperature Insulation Materials Market.

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