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. In addition, increased R&D spending for the development of sustainable, safer, and more durable products is expected to boost the 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 environment.
However, this region is relatively saturated and also presents 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 the product durability are also estimated to hamper overall market growth in future.
On the other hand, rising use of advanced technology to enhance performance characteristics, such as thermal conductivity and compressive strength, is estimated to boost the demand. In addition, 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 oil & gas industry due to higher operating temperature is also likely to benefit the market growth.
Based on product the high temperature insulation market has been divided into ceramic fiber, insulating firebrick, and calcium silicate. 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, flexibility and strength of these materials make them useful in a number of 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.
Based on application, the market is segmented into petrochemicals, ceramics, glass, cement, iron & steel, refractory, powder metallurgy, and aluminum. Petrochemicals 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 emission up to 20%. This factor is expected to drive the growth of 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.
Europe accounted for the largest market share of 35.0% in 2018 and is estimated to lead overall industry in the years to come. Rising environmental awareness is a major factor driving the market in this region. In addition, 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. 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.
Key companies in the market include are 3M Co; ADL Insulflex, Inc.; Almatis GmbH; Cellaris 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.
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Attribute |
Details |
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Base year for estimation |
2018 |
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Actual estimates/Historical data |
2014 - 2017 |
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Forecast period |
2019 - 2025 |
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Market representation |
Volume in Kilotons, Revenue in USD Million and CAGR from 2019 to 2025 |
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Regional scope |
North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
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Country scope |
U.S., Canada, Mexico, Germany, U.K., France, China, India, Japan, Brazil, and Saudi Arabia |
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Report coverage |
Volume forecast, revenue forecast, competitive landscape, growth factors and trends |
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15% free customization scope (equivalent to 5 analysts working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
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 the purpose of this study, Grand View Research has segmented the global high temperature insulation market report on the basis of 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
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Asia Pacific
China
India
Japan
Central & South America
Brazil
Middle East & Africa
Saudi Arabia
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