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The Global High-Temperature Insulation (HTI) Materials Market size is forecast to increase by USD 2.82 billion at a CAGR of 8.2% between 2022 and 2027. The market experiences growth propelled by pivotal factors in various industries. With the increasing use of ceramic materials, there's a heightened demand for HTI solutions to withstand extreme temperatures in industrial applications. Additionally, the rising demand for aluminum and the expansion of steel production capacity further drive the need for effective insulation materials to enhance energy efficiency and operational safety in high-temperature environments. This underscores the critical role of HTI materials in ensuring thermal management and performance across diverse sectors. This market analysis and report includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The market provides innovative solutions like ceramic fibers, calcium silicate, and mineral wool for various applications such as boilers, turbines, and dryers, enabling energy savings and reducing greenhouse gas emissions in industrial plants. These, along with insulating firebricks and polycrystalline fiber, contribute to fire safety in high-pressure steam piping and flanges, while also supporting sectors like aerospace and solar equipment with mechanically resistant insulation solutions. Additionally, they play a crucial role in climate change mitigation by enhancing the efficiency of heating systems and reducing carbon dioxide emissions associated with fossil fuel usage in production facilities. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the global market growth is the expansion of steel production capacity. The expansion of steel production capacity emerges as a pivotal factor propelling the global market growth. Steel, renowned for its durability, yield strength, and corrosion resistance, stands as a cornerstone material across various industrial domains. Industries spanning mining and quarrying, chemicals, petrochemicals, electrical engineering, power generation, and food and beverage heavily rely on steel for diverse applications.
Moreover, steel finds extensive usage in industrial settings for the storage and conveyance of liquids, air, and gases. Its inherent properties of high strength, formability, and recyclability render it indispensable in numerous industrial processes. Notably, stainless steel, a variant of steel, finds application in manufacturing axle shafts, steering components, chassis components, and seats within the automotive sector. Given its wide-ranging applications, the global market is poised for substantial growth during the forecast period, driven by the persistent demand for steel across various industrial sectors.
A key factor shaping the global market growth is the increasing adoption of eco-friendly HTI materials. One of the key factors that are primarily driving the HTI material growth is the growing shift from conventional construction themes and styles to drywall construction, associated with the construction industry. Several companies in the global market have shown a growing shift toward manufacturing eco-friendly HTI materials such as calcium silicate boards that complement the construction of green buildings.
For example, companies are increasingly focusing on the manufacture of calcium silicate boards, as 100% non-asbestos products to eliminate the production of harmful radiation and toxic gases. Furthermore, these sheets have other properties in addition to eco-friendly properties such as resistance to termites and insects, high strength, lightweight, and anti-corrosiveness. Hence, such factors are expected to drive the global market growth during the forecast period.
Regulatory measures about adverse effects of HTI materials exposure are the key challenges hindering the global high-temperature insulation materials market growth. Even though there is a high demand for these HTI materials as they are a safe choice for fire protection in buildings, they can lead to health issues such as skin eruptions due to overexposure. Factors such as the amount of silica, particle size, and the extent of respirable fiber associated with the specific HTI materials product influence the extent of toxicity.
Furthermore, it can also lead to irritation in the upper respiratory tract during its production. As a result of these health issues caused by the HTI materials, it has led to the standardization standards enforced by regulatory bodies such as Occupational Safety and Health Administration (OSHA), European Association for Passive Fire Protection (EAPFP), and The National Institute for Occupational Safety and Health (NIOSH). Hence, such factors are expected to hinder the global market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global High-Temperature Insulation (HTI) Materials-Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co: The company offers high-temperature insulation HTI materials such as 3M Thinsulate High-Temperature Acoustic Absorber HT500P.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The petrochemicals sector segment is estimated to witness significant growth during the forecast period. Some of the wide applications include oil and gas refractories and chemical-processing refractories due to their requirement for high-temperature resistance. Hence, the growth of the oil and gas and chemical industries plays a crucial role in driving the demand for HTI materials from the refractories application.
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The petrochemicals sector segment was the largest segment and was valued at USD 1.99 billion in 2017. One of the main reasons for the growth of HTI materials in the oil and gas industry is driven by high-temperature applications in the industry. Some of the key features of HTI materials are high mechanical strength, thermal shock resistance, low porosity, and the ability to resist a temperature of over 3,452 degrees F. Due to these properties, there is rising use of these materials in the oil and gas industry. Furthermore, other applications of HTI materials in petrochemical applications are cracked gas dryers, desulfurizes, and oxidation reactors. Hence, such applications are expected to drive the global market growth during the forecast period.
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Europe is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors for the significant growth of the global market in Europe is due to factors such as the growing demand for aluminum from various industries such as construction, transportation, and packaging. Among these industries, transportation, and packaging are primarily driving the aluminum products growth. Several countries such as Italy, France, and Germany are the major consumer segments of Aluminium products in Europe. The rising demand for modern and sustainable construction materials will significantly fuel the construction industry, which in turn will drive the demand for the global market in the region during the forecast period.
The market is witnessing a significant growth driven by the need for effective insulation solutions in various industries. With industries like boilers, furnaces, and turbines relying on high-pressure steam piping, flanges, and other components, there's a growing demand for materials capable of withstanding extreme temperatures. These materials play a crucial role in reducing greenhouse gas (GHG) emissions and enhancing energy efficiency in industrial plants and production facilities. Additionally, they contribute to fire safety standards and help mitigate the impacts of climate change by minimizing carbon dioxide emissions. The market encompasses a wide range of products, including powder metallurgy, mineral wool, and insulated panels, catering to diverse applications such as solar equipment and aerospace industries. As industries increasingly prioritize energy savings and environmental sustainability, the demand for high-temperature insulation materials continues to rise.
The market is witnessing substantial growth propelled by various factors including the fire safety industry, which demands materials like polycrystalline fiber for effective insulation and protection against high temperatures. They contribute to reducing greenhouse gas emissions by enhancing energy efficiency in heating systems and minimizing heat loss in industrialization processes. Additionally, they provide crucial protection against mechanical damage in applications such as facades, roofs, and solar panels. As industries seek to reduce reliance on fossil fuels and adopt more environmentally conscious practices, there's a growing interest in insulating and fire-proof linings made from recyclable and reusable bio-based alternatives like seagrass. This shift reflects a broader trend toward sustainability and the exploration of innovative solutions to address environmental challenges.
This market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
High-Temperature Insulation (HTI) Materials-Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.2% |
Market growth 2023-2027 |
USD 2.82 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.75 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 37% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Almatis BV, Armacell International SA, Aspen Aerogels Inc., CARCO PRECISION RUBBER PRODUCTS S.P.A, Etex NV, Firwin Corp., Hi Temp Insulation Inc., IPCOM NV, James Walker Group Ltd., Luyang Energy-saving Materials-Co. Ltd., M.E. SCHUPP INDUSTRIEKERAMIK GMBH, Morgan Advanced-Materials Plc, Owens Corning, Pyrotek Inc., Rath Aktiengesellschaft, RHI Magnesita GmbH, Shinagawa Refractories Co. Ltd., Unifrax I LLC, and Mitsubishi Heavy Industries Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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