High Temperature Insulation Market Size, Share, Analysis, Forecasts, 2014 - 2020

The high temperature insulation market is expected to garner around USD 5 billion by 2020. It will be driven by the need for energy conservation. Strict environmental regulations imposed on various industries, particularly cement, oil & gas, and metal would also assist growth. For Market Research Report on “High Temperature Insulation Market” Visit -http://www.grandviewresearch.com/industry-analysis/high-temperature-insulation-industry Aerospace and fire protection are the upcoming applications of high temperature insulation products. These products can be customized and used as blankets, castables, insulating bricks, boards, etc. Carcinogenic compounds like silica and alumina are present in such products. These serve as a major hindrance for the market. The thermal characteristics of high temperature insulation products erode with time, with constant heat exposure resulting in contraction and heat seepage. This restricts the lifespan of the product to only about two or three years. Frequent replacements add costs and deter growth. Bio-based insulation materials are preferred over synthetic ones. They also drive market sales. The high temperature insulation market is segregated into products, applications, and regions. Products are ceramic fiber, calcium silicate, insulating firebrick, and others. Ceramic fiber, with about 37% of the total shares, dominated in 2012. Of late, there is more emphasis on replacing asbestos in furnace linings and kilns. This will fuel the growth of ceramic fiber in the coming years. Insulating firebrick is likely to grow at a CAGR of 4.9% from 2013 to 2020. Calcium silicate would fetch about USD 538 million by 2020. Application segments of the high temperature insulation market include petrochemicals, glass, ceramics, iron & steel, cement, refractory, aluminum, powder metallurgy, and others. Petrochemicals dominated in 2012. Rising petrochemical prices are furthering the demand for energy conservation. This would expand the segment. Powder metallurgy is anticipated to generate around 27 kilo tons in 2020. Aluminum could grow at a CAGR of 4.9% from 2013 to 2020. The regions comprise North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe was the leading region in 2012. Stringent regional regulatory environment is the main reason for its dominance. Asia Pacific produced maximum demand in 2013. It would grow at a CAGR of 9.1% over the next seven years. The global high temperature insulation market is highly concentrated. Its prominent vendors are Unifrax, Zircar, Skamol, Thermal Ceramics, and Isolite. They engage in collaborations to fight the onslaught of low-priced products from regional players. High Temperature Insulation Market Information Source: Grand View Research