High-Temperature Insulation Materials Market - Growth, Trends, and Forecast (2020 - 2025)

The High-Temperature Insulation Materials Market is segmented by Material Type (Fiberglass, Mineral Wool, Ceramic Fibers, Polycrystalline Fiber, Polyurethane Foam, and Other Material Types), Application (Insulation, Cryogenics, Industrial Equipment, Circuit Board, 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

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

7 %

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Market Overview

The global high-temperature insulation materials market is estimated to witness a healthy growth, at an estimated CAGR of over 7%, over the forecast period. The major factor driving the growth of the market studied is growing demand for energy efficient equipment.

  • Harmful effects as a result of exposure to certain ceramic fibers is likely to hinder the markets growth.
  • Increasing usage in lightweight refractory cement are likely to create opportunities for the market in the coming years.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.

Scope of the report

The global high-temperature insulation materials market report includes:

Material Type
Fiberglass
Mineral Wool
Ceramic Fiber
Polycrystalline Fiber
Polyurethane Foam
Other Material Types
Application
Insulation
Cryogenics
Industrial Equipment
Circuit Board
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
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
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

Increasing Usage of Ceramic Fibers

  • Owing to their prime characteristics, such as emission reduction and energy conservation, the usage of ceramic fibers is increasing from numerous end-user industries.
  • In addition, rising concerns of safety in the work environment is also propelling the implementation of such materials. Refractory ceramic fibers are capable of reducing energy consumption by more than 50% in comparison to the alternative products.
  • Ceramic fibers are increasingly becoming an integral part of petroleum & petrochemicals industry along with various other industries such as energy & power, textile, manufacturing, and paper & pulp.
  • Owing to all these factors, the market for high-temperature insulation materials is likely to grow across the world during the forecast period.

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Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country’s manufacturing sector is one of the major contributors to the country’s economy.
  • The Chinese aircraft industry depicted significant growth over the years. According to Boeing, China is estimated to require around 7,600 new commercial aircraft, valued at USD 1.2 trillion, over the next two decades.
  • Foreign investment in China has also been extended into the aviation sector, which is projected to register a CAGR of 6%, owing to China’s geographical location, which provides easy access to the industrial goods markets in the neighboring countries, as well as, other countries globally, making it a major access point for manufacturers and suppliers.
  • China is the largest manufacturer of automobiles in the world. The country’s automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy, and to minimize emissions (owing to the growing environmental concerns due to mounting pollution in the country).
  • The production is expected to reach 30 million units by 2020, owing to the “Made in China 2025” initiative support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. “Automobile Mid and Long-Term Development Plan”, was released in 2017, with an objective to make China a strong auto power in the next ten years.
  • 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.

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Competitive Landscape

The high-temperature insulation materials market is partially consolidated in nature. Some of the major players in the market include Morgan Advanced Materials, 3M, Rath-Group, Pyrotek, and Almatis, among others.

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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 Growing Demand for Energy Efficient Equipment

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Harmful Effects as a Result of Exposure to Certain Ceramic Fibers

      2. 4.2.2 Impact of COVID-19 Pandemic

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Force 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

      3. 5.1.3 Ceramic Fiber

      4. 5.1.4 Polycrystalline Fiber

      5. 5.1.5 Polyurethane Foam

      6. 5.1.6 Other Material Types

    2. 5.2 Application

      1. 5.2.1 Insulation

      2. 5.2.2 Cryogenics

      3. 5.2.3 Industrial Equipment

      4. 5.2.4 Circuit Board

      5. 5.2.5 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 ASEAN Countries

        6. 5.4.1.6 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 Spain

        6. 5.4.3.6 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**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Almatis

      3. 6.4.3 BNZ Materials

      4. 6.4.4 Dyson Technical Ceramics

      5. 6.4.5 Etex Group

      6. 6.4.6 Luyang Energy-Saving Materials Co., Ltd.

      7. 6.4.7 Morgan Advanced Materials

      8. 6.4.8 Pacor, Inc.

      9. 6.4.9 Pyrotek

      10. 6.4.10 Rath-Group

      11. 6.4.11 Skamol Group

      12. 6.4.12 ZIRCAR Ceramics

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

    1. 7.1 Increasing Usage in Lightweight Refractory Cement

** Subject to Availability

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