MarketsandMarkets™ Reveals – Robust Growth Prospects for the High Temperature Insulation Materials Market in the Coming Years

November 08 20:10 2023
MarketsandMarkets™ Reveals - Robust Growth Prospects for the High Temperature Insulation Materials Market in the Coming Years
Browse 127 market data Tables and 56 Figures spread through 164 Pages and in-depth TOC on “High Temperature Insulation Materials Market”
High Temperature Insulation Materials Market by Material Type (Ceramic Fibers, Insulating Firebricks, Calcium Silicate), End-use Industry (Petrochemical, Ceramic, Glass), Temperature Range, and Region

The high temperature insulation materials market is estimated to grow from USD 6.0 billion in 2019 to USD 8.9 billion by 2024, at a CAGR of 8.2% during the forecast period. The market is projected to witness decent growth due to the rising demand from various end-use industries. The increasing need for energy savings and reduction in emission levels and manufacturing cost is expected to boost the demand for high temperature insulation materials.

Download PDF Brochure: 

Morgan Advanced Materials (UK), Luyang Energy-Saving Materials (China), RHI Magnesita (Austria), Mitsubishi Chemicals Holdings Corporation (Japan), Calderys (France), Isolite Insulating Products (Japan), Etex (Belgium), and Unifrax (US) are the leading high temperature insulation materials manufacturers globally. These companies adopted expansion, new product development, joint venture, and merger & acquisition as their key growth strategies between 2015 and 2019 to earn a competitive advantage in the market.

Morgan Advanced Materials (US) is one of the leading players in the market. The company has been focusing on organic strategies, such as expansion and new product development, to maintain its leading position in the market. For example, in October 2019, Morgan Thermal Ceramics (thermal ceramics business segment of Morgan Advanced Materials PLC, UK) launched Superwool XT RA, which is an alkali metal silicate fiber. Superwool XT RA delivers the performance of refractory ceramic fiber (RCF) without EHS (environmental, health, and safety) concerns. Superwool XT RA does not form crystalline silica when exposed to high temperatures, which helps in maintaining the heat resistance capacity of the furnace. It is available in different forms, such as blankets, pyro-stack modules, paper, and unifelt.  This new product launch is expected to drive the demand for high temperature insulation materials in petrochemical, ceramic, iron & steel, power, and other industries.

Inquiry Before Buying:  

In April 2015, Morgan Thermal Ceramics set up a fiber manufacturing plant, with a capacity of 5,000 tons in the Khalifa Industrial Zone Abu Dhabi (Kizad), UAE. The establishment of this plant is a part of its expansion strategy to cater to the growing demand from the Middle East region.

Luyang Energy-Saving Materials (China) is one of the major players in the market. In October 2015, the company launched six products: alumina fiber blanket, composite module, backing board, soluble fiber blanket, chrome ceramic fiber blanket, and insulating firebrick, which are at par with internationally accepted standards of high temperature insulation materials. These products are used in major regions, such as APAC, Europe, and the Americas.

Read Our Trending Press Release Below:

Pet Food Packaging Market– Global Forecast to 2028

Medical Tubing Market – Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States