July 23, 2020
According to the research report titled ‘Global High Temperature Refractory Insulation Material Market: Analysis By Material, End Users, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) -- By End User, By Region By Country , available with Market Study Report LLC, global high temperature refractory insulation material market was valued at USD 4,734.25 million in the year 2018 and is expected to witness significant growth over 2019-2024.
Major factors fueling the demand for high temperature refractory insulation materials are properties such as durability and performance, alongside their extensive adoption across various industry verticals in developing and developed countries. Refractory products have wide applications in the manufacturing of iron, ceramic, glass, steel and cement industries.
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Growing concerns regarding workplace safety along with availability of these refractory products as per temperature range and raw materials are also influencing the market growth. Furthermore, technological developments and innovations resulting into development of long lasting and efficient refractory insulation materials are augmenting the market outlook.
With respect to the material terrain, the market is divided into insulating fire bricks, ceramic fibers, calcium silicate, and others. Based on end user scope, the industry is segmented into iron & steel, petrochemical, glass & ceramics, power, and others. While considering the regional overview, global high temperature refractory insulation material market is categorized into Europe, America, Asia Pacific, and rest of the world.
Unifrax Corporation, Morgan Advanced Materials, RHI Magnesita, BNZ Materials Inc., IBIDEN, Isolite Insulating Products Co. Ltd., Pacor Inc, Shinagawa Refractories, Etex Group, and Almatis GmbH are the leading players in global high temperature refractory insulation material market.