DUBLIN, September 10, 2021– (BUSINESS WIRE) – The report “High Temperature Insulation Materials Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” has been added to ResearchAndMarkets.com offer.
The global high temperature insulation materials market is expected to register a CAGR of over 4% during the forecast period (2021-2026).
Dyson technical ceramics
Luyang Energy Saving Materials Co., Ltd.
ME Schupp Industriekeramik Ceramics GmbH & Co. KG
Morgan Advanced Materials
Rockwool International AS
Ube Industries Ltd
Key market trends
Growing demand in insulation application
Insulators are produced in a variety of forms to suit specific functions and applications. There are many properties of insulating materials that are important to consider when choosing insulating materials.
The main purpose of insulation is to prevent / minimize thermal energy loss for energy conservation. However, insulation helps in several ways; so that it offers more precise control of process temperatures and product protection, it prevents condensation on cold surfaces and the resulting corrosion, it minimizes the formation of condensate in the steam line and problems related, and it provides protection against fire and absorbs vibrations.
The high temperature application range is 600F to 1500F and is commonly used in turbines, cylinder heads, chimneys, exhausts, incinerators, boilers, etc.
High temperature insulation is mainly used for industrial furnaces, furnaces and pipes. These are used in a wide range of industries and applications in heat treatment plants. In addition, pipes and equipment must also be insulated according to the needs of the application.
These materials are mainly used in industries such as petrochemicals, steelmaking, cement manufacturing, offshore, power generation, aluminum and construction, among others.
Insulation materials are used to retard the flow of thermal energy by reducing heat loss or gain from piping, equipment, tanks and vessels. High temperature insulation materials come in many shapes and forms from rolls, slabs and pipe sections. Insulation allows all mechanical systems to operate in compliance with environmental criteria and also to reduce pollutant emissions into the atmosphere.
The Asia-Pacific region will dominate the market
The Asia-Pacific region is expected to dominate the market; mainly because of China. The country’s manufacturing sector is one of the main contributors to the country’s economy.
In China, the construction sector grew at a steady pace in 2019, although growth slowed during the year, compared to 2018. The construction sector has supported the country’s economic growth. Although this growth has been much less compared to the average growth of the construction sector over the past ten years.
Moreover, the total investment in real estate increased steadily in China in 2019-2020. Real estate investment, which mainly focuses on the residential sector and includes the construction of commercial and office space, is the main driver of the growth of the construction sector in China. Thus, this scenario, in turn, is likely to propel demand in the studied market.
In addition, China has the world’s largest electronics production base. Electronic products, such as smartphones, televisions, wires, cables, portable computing devices, game systems and other personal electronics, recorded the strongest growth in the electronics segment. The country not only serves the domestic demand for electronics, but also exports electronics products to other countries. In China, with the increase in the disposable income of the middle class population and the growing demand for electronics from the electronics importing countries of China, the production of electronics is expected to increase. With the growth of the electronics and construction industry, the demand for high temperature insulation is expected to increase.
China is the world’s largest producer of petrochemicals. Investment in the olefins and aromatics sectors in China is also the growth engine of the petrochemical industry, and therefore of the studied market.
Due to all these factors, the high temperature insulation materials market in the region is expected to witness steady growth during the forecast period.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Growing demand for energy efficient equipment
4.1.2 Growing infrastructure and industrialization in the Asia-Pacific region
4.2.1 Adverse effects resulting from exposure to certain insulating materials at high temperature
4.2.2 Adverse conditions resulting from the impact of COVID-19
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Type of material
5.3 End-user industry
6 COMPETITIVE LANDSCAPE
6.1 Mergers and acquisitions, joint ventures, collaborations and agreements
6.2 Market Share Analysis (%) / Ranking Analysis
6.3 Strategies adopted by the main actors
6.4 Company profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing use of lightweight refractory cement
For more information on this report, visit https://www.researchandmarkets.com/r/viwnvs
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210910005485/en/
Laura Wood, Senior Press Director
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