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, 2021 - 2028

Industry Insights

The global high-temperature insulation market size was worth USD 6.10 billion in 2020 and is projected to reach USD 9.33 billion by 2028, growing at a CAGR of 5.5% from 2020 to 2028. Increased environmental concerns coupled with strict environment-protection regulations imposed by governments across the globe are expected to fuel the market growth. 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 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 ceramic fiber, insulating firebrick, and calcium silicate. The ceramic fiber sector accounted for the largest market share and is estimated to expand further at a CAGR of 5.7% from 2020 to 2028. Insulating firebrick was the second-largest product segment in terms of both revenue and volume in 2020. High-temperature insulation products are used in various manufacturing and processing applications under controlled operating temperatures to achieve high efficiency in various end-use industries such as petrochemical, ceramics, cement, glass, iron & steel, aluminum, and others.

Insulating firebrick segment is estimated to register a CAGR of 5.2% over the forecast period. The growing demand for insulating bricks is attributed to its numerous applications in iron & steel industry including ductwork in direct reduction processes & reheat furnaces, blast furnace stoves, coke oven backup insulation, ladles, and tundishes. In addition, the product is extensively used to form roofs, sidewalls, and hearths for a wide array of galvanizing lines, heat treatment, and annealing in various end-use industries. 

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 a CAGR of 6.4% from 2020 to 2028.

The petrochemical industry is engaged in a number of processes such as crude oil separation, crude oil cracking, alkylation, and isomerization that use pipes and containers for crude oil separation, blending, and molecule addition. This requires the handling and movement of processed oil at high temperatures, which are supposed to be controlled and dissipated without any failure. This is expected to increase the demand for insulation products such as ceramic fibers and silicate as high heat-emitting materials are required in refining and oil processing operations. In addition, increasing demand for petrochemical feedstocks such as plastics, synthetic rubber, and fertilizers is further driving the adoption of high-temperature insulation products. 

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

Asia-Pacific was the largest regional market accounting for the highest revenue share of the total market, owing to high investments towards the development of various industries such as power generation, petrochemicals, glass, ceramics, and metallurgy. The Middle East & Africa region is expected to witness the highest growth, owing to wide usage of high-temperature insulation in the oil & gas industry.

The high-temperature insulation market in North America is expected to grow rapidly over the coming years, owing to significant growth in demand from several end-use industries including petrochemicals, ceramics, glass, iron & steel, and cement. The high-temperature insulation market in Asia-Pacific is expected to witness significant growth over the forecast period owing to rapid urbanization and industrialization trends in key developing countries including India, South Korea, Thailand, the Philippines, Malaysia, and Indonesia. This is primarily due to factors such as growing population and large-scale investments by governments and companies to boost production capacities of several end-use industries such as glass, cement, iron & steel, and ceramics, owing to growing demand.

High-Temperature Insulation Market Share Insights

The global high temperature insulation market exhibits significant presence of various regional and multinational companies, leading to intense market competition. The key manufacturers, including Unifrax Corporation, Paroc Group, and Dyson Group hold significant market growth, owing to their extensive product portfolio, wide geographic expansion, and strong brand identity. Some of the prominent players in the market include:

• 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

• Skamol A/S.

High-Temperature Insulation Market 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 2017 to 2028. 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, 2017 - 2028)

  • Ceramic Fiber

  • Insulating Firebrick

  • Calcium Silicate

  • Others

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • Petrochemicals

  • Ceramics

  • Glass

  • Cement

  • Iron & Steel

  • Refractory

  • Powder Metallurgy

  • Aluminum

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • 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