High Temperature Insulation Market Size, Share & Trends Analysis Report By Product (Ceramic Fiber, Insulating Firebrick, Calcium Silicate), By Application (Petrochemicals, Ceramics, Glass), And Segment Forecasts, 2019 - 2025

Industry Insights

The global high-temperature insulation market size was estimated at USD 4.44 billion in 2018 and is estimated to expand at a CAGR of 7.8% over the forecast period. Rising awareness regarding energy conservation is estimated to drive the market. Moreover, the market is shifting towards consolidation as manufacturers are trying to reduce the production cost and increase the thermal resistance of materials.

Increasing production of customized high-temperature insulation (HTI) products coupled with strict policy imposed on cement, oil & gas, and metal producers to reduce Greenhouse Gas (GHG) emissions are the factors expected to drive industry growth. Also, increased R&D spending on the development of sustainable, safer, and more durable products is expected to boost demand. The market in North America is expected to register notable growth on account of extensive demand from the manufacturing sector, high energy consumption, and increasing concerns regarding the environment.

However, this region is relatively saturated and also presents a notable level of barriers for the market entrants. Moreover, raw material procurement and carcinogenic content (alumina and silica) in HTI materials are estimated to be major challenges for market participants.

Fluctuating raw material prices, concerns regarding health and safety, and issues related to product durability are also estimated to hamper the overall market growth in the future.

On the other hand, the rising use of advanced technology to enhance performance characteristics, such as thermal conductivity and compressive strength, is estimated to boost the demand. Also, the production of bio-based alternatives for high-temperature materials is estimated to create new opportunities for industrial development. Rise in demand for such products to improve the energy-efficiency of industries is expected to augment the industry growth over the forecast period. Increasing usage of HTI in the oil & gas industry due to higher operating temperature is also likely to benefit market growth.

Product Insights

Based on product the high-temperature insulation market has been divided into the ceramic fiber, insulating firebrick, and calcium silicate. The ceramic fiber sector accounted for the largest market share and is estimated to expand further at the highest CAGR of 8.0% over the forecast period. Ceramic fibers are used as an asbestos replacement for HTI in furnace linings and kilns. This material is produced in the form of bulk fibers, blankets, boards, felts, paper, cast shapes, and textile products. In addition to thermal shock resistance, the flexibility and strength of these materials make them useful in several industries, such as petrochemicals, ceramics, refractory, and aluminum industries.

Insulating firebrick segment is estimated to register a CAGR of 7.5% over the forecast period. The advantages offered by insulating firebrick include high pressure and temperature resistance, security from electrical shorts and shocks, speedy periodic operations, low operating costs, and low heat escape. They are also used for the economical attainment of maximum operating temperature.

Application Insights

Based on application, the market is segmented into petrochemicals, ceramics, glass, cement, iron & steel, refractory, powder metallurgy, and aluminum. The petrochemical sector accounted for the largest market share and is estimated to grow at the fastest CAGR of 8.8% from 2019 to 2025. Growing demand for various primary and secondary petrochemicals along with rising need to conserve energy is estimated to drive the segment growth. Novel application of HTI products in aerospace, solar equipment, and fire protection industries will contribute to the market growth.

The use of HTI products in the manufacturing process reduces GHG emissions by up to 20%. This factor is expected to drive the growth of the cement application segment. Furthermore, HTI products lower the overall production costs by preventing heat loss. Refractory materials are produced from nonmetallic minerals. These heat- and pressure-resistant materials are used as insulating and fire-proof lining in furnaces and kilns in different industries, such as iron and steel, glass, and cement. The HTI products are also being used for fire protection in residential, commercial, and industrial structures.

Regional Insights

Europe accounted for the largest market share of 35.0% in 2018 and is estimated to lead the overall industry in the years to come. Rising environmental awareness is a major factor driving the market in this region. Besides, the EU has taken substantial measures to reduce GHG emissions, as part of which it provides energy-saving rebates for temperature insulation. Iron and steel industries are the primary applications for industry development.

Other factors, such as growth in the manufacturing sector, high energy consumption, and growing environmental concerns, are expected to drive the demand for HTI materials in North America over the forecast period. The Asia Pacific is a lucrative region for market growth due to rapidly developing economies, such as Japan, Korea, India, and China, which are also the major product consumers, in the region. Moreover, rapidly growing iron and steel, cement and glass, petrochemicals, and ceramics industries in the region will boost the market further.

High-Temperature Insulation Market Share Insights

Key companies in the market include are 3M Co; ADL Insulflex, Inc.; Almatis GmbH; Cellars Ltd.; Dyson Group; Hi-Temp Insulation, Inc.; Insulcon Group; Isolite Insulating Products Company Ltd.; Pacor, Inc.; Promat International NV; Pyrotek; Thermal Ceramics; and Skamol A/S.

Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global high-temperature insulation market report based on product, application, and region:

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Ceramic Fiber

  • Insulating Firebrick

  • Calcium Silicate

  • Others

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Petrochemicals

  • Ceramics

  • Glass

  • Cement

  • Iron & Steel

  • Refractory

  • Powder Metallurgy

  • Aluminum

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia