High Temperature Insulation Market is valued at USD 5.46 Billion in 2021 and expected to reach USD 8.71 Billion by 2028 with the CAGR of 6.9% over the forecast period. Rising Demand in different end-user industries like petrochemical, ceramic, aluminum, glass, and iron & steel, and growing adoption in aerospace industry are anticipated to drive the growth of Global High-Temperature Insulation Market
The high temperature insulation is insulation that allows user to protect from the outside heat or increase temperature. It is an insulating substance that protects from high temperature. They are mainly used in the cars, electrical appliances and also in manufacturing. The good insulators have the high capacity which takes time to absorb heat and take time before it heats. Also, the specific heat capacity has the features of the material providing the thermal buffering or thermal mass. When choosing the high insulation products, one has to take care of the safety operations and their services that they provide.
The applications that are used in high temperature insulation are turbines, flanges, heat exchangers, furnaces and boiler and high-pressure steam piping etc. This insulation can also be used further into a super wool, CMS wool, ceramic fiber and many more. In military or aerospace, most of the equipments are exposed to the high temperature due to external or internal factors that can come in contact accidentally or intentionally with it. The perfect insulation can ensure the safety of the passengers or the vital instruments.
Covid-19 pandemic has also impacted on the growth of global high temperature insulation market owing to the decreased demand from various industries such as electrical & electronics, electrical and gadgets construction, petrochemicals and different businesses. Because of interruptions, end-clients started delaying unimportant buys and disengaged from the consuming processes by diminishing their insulating materials demand. However, the market demand has been stable in opposite end-client businesses, including petrochemicals, power generation, electrical and electronics, and others.
Global high temperature insulation market is segmented on the basis of product, application, end user and region & country level. Based on the product, the global high temperature insulation market is classified into calcium silicate, ceramic fiber, insulating firebrick, fiberglass and others. Based on the application, the market is classified into aluminum, powder metallurgy, cement, and petrochemical. Based on the end user, the global high temperature insulation market is classified into mining, oil and gas, transportation, power generation and others.
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 5.46 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 18.71 Billion|
|Tables, Charts & Figures:||175|
|High-Temperature Insulation Manufacturers||Dyson Group, Etex Group, Pacor Inc, 3M, Pyrotek, BNZ Materials, Morgan Advanced Material, Insulcon Group, Thermal Ceramic others.|
|Segments Covered||By Product, By Application, By End-User|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
Some major key players for global high temperature insulation market report cover prominent players like
August 3rd, 2020; Armacell launched a cryogenic aerogel insulation blanket and dual temperature. This blanket is integrated with the vapor barrier, with the thickness of 10, 15, 20 mm. They have also extended their temperature capabilities from -180°C to +650°C. They can be installed very fast and have more choice with more effective in climate change including the superior thermal performances. This innovation offers very low thermal conductivity and a reduction in insulation thickness as compared to the other competitors. They do not shrink in the cryogenic temperatures which brings and simplicity of hot service insulation.
Also, its flexibility and hydrophobicity can provide protection against corrosion as well. Armacell creates very thin, high-tech aerogel blankets technology on its new production line with their existing Cheonan facility in South Korea. Seoul is the main hub of this aerogel blankets production which is around 21.206 square meters. Armacell is the leading providers of engineered foams that developed innovative and safe thermal creating sustainable solution for customers. Their products mainly contribute to global energy efficiency worldwide.
One of the major factors driving the growth of global high temperature insulation market is its increasing demand from different end-user industries like petrochemical, ceramic, aluminum, glass and iron & steel. The insulation prevents from high temperature, protecting element and materials that are close to heat, also reducing the amount of the heat transfers. The high temperature insulating products are ceramic fiber and calcium silicate. The petrochemical industry has high restriction on international standards and regulations designed and over control emission, pollution. The micro porous technology provides the high temperature insulation for petrochemical industry. The micro porous insulation contains small particles of the silica which restrict thermal pathways.
For instance; as per the news published on July 27th, 2021, FlexCat by Unifrax to altogether further develop production throughput, increment process runtime and decrease an organization's carbon impression. FlexCat, another adjustable fiber-based catalyst support material, is intended for use in industrial catalysis, working on the result of hydrogen and specialty gas production, compound handling, air purification and other chemical manufacturing applications. The new fiber arrangement exhibits promising results for petrochemical industry.
In addition, its growing adoption in aerospace industry is also supplementing the market growth. The demand for high temperature protection has been consistently rising in the aerospace business. In enterprises like aerospace, the equipment is presented to extreme temperatures because of external factors (purposeful or incidental), which makes the requirement for the right thermal insulation to guarantee traveler's security and ensure indispensable instruments. Insulation is imperative for restricting the exchange of heat and lessening the energy expected to raise temperatures. For instance; as indicated by FAA insulating guidelines, business motor cowlings should have the option to withstand a fuel- fed flame of 2000°F for fifteen minutes without fire penetration. There are two supported spray-on coatings to fulfill the necessity, MA-25 S and 64-C1-2.
However, presence of carcinogenic contents present in high temperature insulation and rising price of raw materials may hamper the growth of global high temperature insulation market. In spite of that, production of bio-based for high temperature material including the thermal conductivity will provide the new opportunities for the further growth of the global high temperature insulation market.
Asia Pacific is the fastest region holding the high share in this high temperature insulation market owing to the rising consumption of high temperature insulation materials in various applications and growing production of electronic products in this region. China is largest producer in petrochemical industry including the aromatic chains and investors. For instance; according to the European Chemical Industry Council, India has 6th rank in world with chemical sales at 89 euro billion in 2018, whereas China has 1198 euro billion sales.
Furthermore, increasing production of electronic products also drives the market in this region. China has the world's biggest electronics production base. Electronic products like cell phones, TVs, cables, wires, gaming systems, portable computing devices, and other individual electronic gadgets, recorded the most elevated development in the electronics section. Thus, increasing growth of electronics and construction industry is also supplementing the interest for high-temperature insulation.
North America is witnessing significant growth in the global high-temperature insulation market within the forecast period due to the increasing demand of high insulation products and investments in the developments & innovation of new recycling methods showed a tremendous growth in this region. For example, according to the North America Insulation manufacturers association, about 90% houses in US are insulated.
The regions covered in this global high-temperature insulation market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of global high temperature insulation is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
On Special Requirement High Temperature Insulation Market Report is also available for the below Regions and Country:
Middle East and Africa