October 29, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global High Temperature Refractory Insulation Material Market: Analysis By Material (Ceramic Fibers, Insulating Fire Bricks, Calcium Silicate, Others), End Users, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) -- By End User (Petrochemical, Iron & Steel, Glass & Ceramics, Power, Others), By Region (America, Europe, Asia Pacific, MEA), By Country (US, Canada, Mexico, Brazil, UK, Germany, France, China, Japan, India)’, the worldwide high temperature refractory insulation material market is presumed to amass significant growth by the year 2024.
High temperature refractory insulation materials, as name suggests, are light weight insulating materials which are used inside the boilers and furnaces to preserve the stored and generated heat. There material are have high strength and are resistant to decomposition by heat, chemical, or pressure.
Growing concern regarding energy saving, numerous technological advancements, and expanding industrialization, coupled with rising demand from steel industry are the major drivers of high temperature refractory insulation material (HTRIM) market. Other factors aiding market growth include enhanced performance, durability of materials at various temperature and product range, and adoption of workplace safety.
As per the report, HTRIM market was worth US $4,734.25 million in 2018 and is predicted to register a significant growth by the year 2024. Furthermore, the report offers detailed synopsis about the strategic recommendations, like focus on developing energy efficient solutions, which will aid the market players to expand their footprint.
Based on the material type, high temperature refractory insulation material market is fragmented as insulating firebricks, ceramic fibres, calcium silicate, and others. While speaking of the end-user spectrum, the market is segmented as iron & steel, power, glass & ceramics, petrochemical and others, wherein, iron & steel segment is presumed to expand momentously over the analysis period.
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Considering the geographical landscape, the global HTRIM market is divided into four main regions which include Europe, America, Asia Pacific and rest of the world, with major focus on countries including Brazil, Mexico, United States, Canada, France, United Kingdom, Germany, India, Japan, and China.
The prominent companies operating in high temperature refractory insulation material market are Almatis GmbH, Morgan Advanced Materials, Isolite Insulating Products Co. Ltd., Unifrax Corporation, Etex Group, RHI Magnestia, Pacor Inc., Shinagawa Refractories, Bnz Materials Inc., Pacor Inc., and IBIDEN.
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