“High Temperature Insulation Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on high temperature insulation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for high temperature insulation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The high temperature insulation market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Product Type: Insulating Firebrick; Ceramic Fiber; Calcium Silicate
- 2) By Temperature Range: Temperature Range 600-1,100 C; Temperature Range 1100-1500 C; Temperature Range 1,500-1,700 C; Temperature Range 1,700 C and Above
- 3) By Application: Petrochemicals; Glass; Aluminium; Iron And Steel; Cement; Refractory; Other Applications
- Companies Mentioned: Morgan Advanced Materials Plc; Pyrotek Inc.; 3M Company; Unifrax LLC; Hi-Temp Insulation Inc
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the high temperature insulation market are: Morgan Advanced Materials Plc, Pyrotek Inc., 3M Company, Unifrax LLC, Hi-Temp Insulation Inc., Insulcon Group, Isolite Insulating Products Company Limited, Rath Group, Promat International NV, Mitsubishi Plastics Inc., Amol Minechem Limited, IPSIIS, Luyang Energy-Saving Materials Company Limited, Aspen Aerogels Inc., and Zircar Zirconia Inc.
The global high temperature insulation market is expected to grow from $5.76 billion in 2022 to $6.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The high temperature insulation market is expected to grow to $8.03 billion in 2027 at a CAGR of 6.8%.
High-temperature insulation market consists of sales of glass fiber products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
High-temperature insulation refers to an insulating substance that protects against extremely high temperatures. The high-temperature insulation is used to prevent heat transfer, thereby reducing the amount of energy required to raise temperatures and protecting adjacent materials from heat damage.
Asia-Pacific was the largest region in the high temperature insulation market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high temperature insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of high-temperature insulation products are insulating firebrick, ceramic fiber, and calcium silicate. The insulating firebrick is used as backup linings in gas burners, chimneys, electric systems, small wood stoves, kiln linings, and external insulation. The insulating firebrick refers to a soft brick made of refractory ceramic material that can withstand extremely high temperatures and has low thermal conductivity. These products can hold different temperatures such as 6000 °C-11000 °C (1112 °F-2012 °F), 11000 °C-15000 °C (2012 °F-2732 °F), 15000 °C-17000 °C (2732 °F-3092 °F), and 17000 °C and above (3092 °F). The various applications include petrochemicals, glass, aluminum, iron and steel, cement, refractory, and other applications.
The increasing use of petrochemical products is expected to propel the growth of the high-temperature insulation market going forward. A petrochemical is any chemical obtained from crude oil or natural gas and used for a wide range of commercial purposes. High-temperature insulation is used in the petrochemical industry as it stops the transfer of heat, safeguarding materials and components near a heat source and lowering the energy needed to reach desired temperatures. For instance, in March 2020, according to the 2020 International Energy Agency (IEA) report by IEA, a France-based autonomous intergovernmental organization, petrochemicals will account for more than 16% of total oil demand globally in 2020. Moreover, petrochemical fuels like naphtha, LPG, and ethane will account for half of total oil product demand growth from 2019 to 25 or 490 kb/d on average across the world. Therefore, the increasing use of petrochemical products is driving the growth of the high-temperature insulation market.
Technological advancements are a key trend gaining popularity in the high-temperature insulation market. Major companies operating in the market are focusing on advanced technologies to strengthen their position in the high-temperature insulation market. For instance, in January 2021, Johns Manville Corporation, a US-based company that manufactures insulation materials and engineered products, introduced JM Corbond IV closed-cell spray polyurethane foam with HFO technology to their product line of insulation materials. JM Corbond IV is a closed-cell spray foam of the fourth generation made with a HydroFluoro-Olefin (HFO) blowing agent. Its unique features such as high yield, great thermal and moisture performance, and exceptional adhesion, make it the perfect option for high-performing, energy-efficient structures.
In June 2020, Morgan Advanced Materials, a UK-based company that manufactures specialist products, using carbon, advanced ceramics, and composites acquired Carbo San Luis for an undisclosed amount. With this acquisition, Morgan Advanced Materials may continue to invest in the area and assist in network expansion in the future. Carbo San Luis is a US-based company engaged in the design, development, production, and distribution of ceramic fibers, unshaped basic and non-basic preshaped refractory products, and insulating products.
The countries covered in the high temperature insulation market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The high-temperature insulation market research report is one of a series of new reports from The Business Research Company that provides high-temperature insulation market statistics, including high-temperature insulation industry global market size, regional shares, competitors with a high-temperature insulation market share, detailed high-temperature insulation market segments, market trends and opportunities, and any further data you may need to thrive in the high-temperature insulation industry. This high-temperature insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. High Temperature Insulation Market Characteristics
3. High Temperature Insulation Market Trends And Strategies
4. High Temperature Insulation Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On High Temperature Insulation Market
- 4.2. Ukraine-Russia War Impact On High Temperature Insulation Market
- 4.3. Impact Of High Inflation On High Temperature Insulation Market
5. High Temperature Insulation Market Size And Growth
- 5.1. Global High Temperature Insulation Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global High Temperature Insulation Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. High Temperature Insulation Market Segmentation
- 6.1. Global High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Insulating Firebrick
- Ceramic Fiber
- Calcium Silicate
- 6.2. Global High Temperature Insulation Market, Segmentation By Temperature Range, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Temperature Range 600-1,100 C
- Temperature Range 1100-1500 C
- Temperature Range 1,500-1,700 C
- Temperature Range 1,700 C And Above
- 6.3. Global High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Petrochemicals
- Glass
- Aluminium
- Iron And Steel
- Cement
- Refractory
- Other Applications
7. High Temperature Insulation Market Regional And Country Analysis
- 7.1. Global High Temperature Insulation Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global High Temperature Insulation Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific High Temperature Insulation Market
- 8.1. Asia-Pacific High Temperature Insulation Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China High Temperature Insulation Market
- 9.1. China High Temperature Insulation Market Overview
- 9.2. China High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India High Temperature Insulation Market
- 10.1. India High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan High Temperature Insulation Market
- 11.1. Japan High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia High Temperature Insulation Market
- 12.1. Australia High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia High Temperature Insulation Market
- 13.1. Indonesia High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea High Temperature Insulation Market
- 14.1. South Korea High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe High Temperature Insulation Market
- 15.1. Western Europe High Temperature Insulation Market Overview
- 15.2. Western Europe High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK High Temperature Insulation Market
- 16.1. UK High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany High Temperature Insulation Market
- 17.1. Germany High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France High Temperature Insulation Market
- 18.1. France High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe High Temperature Insulation Market
- 19.1. Eastern Europe High Temperature Insulation Market Overview
- 19.2. Eastern Europe High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia High Temperature Insulation Market
- 20.1. Russia High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America High Temperature Insulation Market
- 21.1. North America High Temperature Insulation Market Overview
- 21.2. North America High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA High Temperature Insulation Market
- 22.1. USA High Temperature Insulation Market Overview
- 22.2. USA High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America High Temperature Insulation Market
- 23.1. South America High Temperature Insulation Market Overview
- 23.2. South America High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil High Temperature Insulation Market
- 24.1. Brazil High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East High Temperature Insulation Market
- 25.1. Middle East High Temperature Insulation Market Overview
- 25.2. Middle East High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa High Temperature Insulation Market
- 26.1. Africa High Temperature Insulation Market Overview
- 26.2. Africa High Temperature Insulation Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa High Temperature Insulation Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. High Temperature Insulation Market Competitive Landscape And Company Profiles
- 27.1. High Temperature Insulation Market Competitive Landscape
- 27.2. High Temperature Insulation Market Company Profiles
- 27.2.1. Morgan Advanced Materials Plc
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Pyrotek Inc
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. 3M Company
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Unifrax LLC
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Hi-Temp Insulation Inc
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The High Temperature Insulation Market
29. High Temperature Insulation Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer