“Increasing demand for energy-saving materials, need for reduction in emission level, superior properties of insulation materials, and the growing demand in different end-use industries, such as petrochemical, ceramic, iron & steel industry, are expected to drive the high temperature insulation materials market.”

The high temperature insulation materials market size is expected to grow from USD 6.0 billion in 2019 to USD 8.9 million by 2024, at a CAGR of 8.2% during the forecast period. The high temperature insulation materials market is driven by various factors, such as the need for energy-saving materials to lower manufacturing costs and reduce emission level, and high demand in different end-use industries, such as petrochemical, ceramic, glass, aluminum, iron & steel, cement, refractory, and powder metallurgy.

“The ceramic fibers segment is estimated to drive the global market during the forecast period.”

The high temperature insulation materials market has been segmented based on material type into ceramic fibers, insulating firebricks, calcium silicate, and others. Among these types, ceramic fibers accounted for the largest share of the market in 2018. The market in this segment is likely to witness significant growth during the forecast period. Ceramic fiber is a versatile material, and it has superior physical & chemical properties, which include low weight and flexibility. The demand for ceramic fibers has increased over the years in the power sector due to their growing use in industrial furnaces.


“The petrochemical end-use industry segment is projected to hold the largest market share during the forecast period.”

Petrochemical is the largest and fastest-growing end-use industry of high temperature insulation materials. The upward growth trend of the petrochemical industry is due to the increasing use of petrochemical products in energy systems, such as turbines, electric vehicle parts, and solar panels, especially in developing countries. This is expected to encourage petrochemical manufacturers to add new capacities, which is likely to boost the demand for high temperature insulation materials in this industry. These factors are expected to drive the demand for high temperature insulation materials in the petrochemical end-use industry during the forecast period.


“The high temperature insulation materials market in APAC is expected to record the highest growth during the forecast period.”

APAC is projected to be the fastest-growing market for high temperature insulation materials and is expected to offer significant growth opportunities to the overall market during the forecast period. The shift in the manufacturing base of several end-use industries, increase in foreign investments, and rise in the number of new manufacturing establishments in different sectors are expected to be the key drivers for the high temperature insulation materials market in the region. Many high temperature insulation materials manufacturers, such as RHI Magnesita, ETEX, and Calderys, are investing and expanding their manufacturing facilities in this region to cater to the high demand from end-use industries.

In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the high temperature insulation materials market.


? By Company Type - Tier 1: 60%, Tier 2: 20%, and Tier 3: 20%
? By Designation - C Level: 30%, Director level: 30%, Others : 40%
? By Region ? North America: 20%, Europe: 20%, APAC: 40%, South America:10%, Middle East & Africa: 10%
The high temperature insulation materials market comprises key players, including Morgan Advanced Materials (UK), Luyang Energy-Saving Materials (China), RHI Magnesita (Austria), Mitsubishi Chemical Holdings Corporation (Japan), ETEX (Belgium), Calderys (France), Unifrax (US), and Almatis (Netherlands). The study includes an in-depth competitive analysis of these key players in the market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report covers the high temperature insulation materials market based on material type, end-use industry, temperature range, and region. This study aims at estimating the size and future growth potential of the market across various segmentation types. It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall high temperature insulation materials market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 MARKET SCOPE 19
1.3.1 MARKET SEGMENTATION 19
1.3.2 REGIONS COVERED 19
1.3.3 YEARS CONSIDERED FOR THE STUDY 20
1.4 CURRENCY 20
1.5 UNIT CONSIDERED 20
1.6 LIMITATIONS 21
1.7 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 23
2.1.1.1 Key data from secondary sources 23
2.1.2 PRIMARY DATA 24
2.1.2.1 Key data from primary sources 24
2.1.2.2 Key industry insights 25
2.1.2.3 Breakdown of primary interviews 25
2.2 BASE NUMBER CALCULATION 26
2.2.1 SUPPLY-SIDE APPROACH 1 26
2.2.2 SUPPLY-SIDE APPROACH 2 26
2.3 MARKET SIZE ESTIMATION 27
2.4 DATA TRIANGULATION 28
2.5 ASSUMPTIONS 29
3 EXECUTIVE SUMMARY 30
4 PREMIUM INSIGHTS 33
4.1 ATTRACTIVE OPPORTUNITIES IN THE HIGH TEMPERATURE INSULATION MATERIALS MARKET 33
4.2 HIGH TEMPERATURE INSULATION MATERIALS MARKET, BY MATERIAL TYPE 33
4.3 APAC HIGH TEMPERATURE INSULATION MATERIALS MARKET, BY COUNTRY AND END-USE INDUSTRY, 2018 34
4.4 HIGH TEMPERATURE INSULATION MATERIALS MARKET, BY COUNTRY 35
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5 MARKET OVERVIEW 36
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 37
5.2.1.1 Need for energy savings 37
5.2.1.2 Reduction of emission levels 37
5.2.1.3 Shift of manufacturing base to APAC 37
5.2.2 RESTRAINTS 37
5.2.2.1 Carcinogenic nature of ceramic fibers 37
5.2.3 OPPORTUNITIES 38
5.2.3.1 Development of low biopersistent materials 38
5.2.3.2 Emerging applications in the aerospace and automotive industries 38
5.2.4 CHALLENGES 38
5.2.4.1 Adhering to insulation specifications and guidelines 38
5.3 PORTER’S FIVE FORCES ANALYSIS 39
5.3.1 THREAT OF NEW ENTRANTS 39
5.3.2 BARGAINING POWER OF BUYERS 40
5.3.3 THREAT OF SUBSTITUTES 40
5.3.4 BARGAINING POWER OF SUPPLIERS 40
5.3.5 INTENSITY OF RIVALRY 40
5.4 MACROECONOMIC OVERVIEW AND TRENDS 41
5.4.1 INTRODUCTION 41
5.4.2 TRENDS OF OIL PRODUCTION 41
6 HIGH TEMPERATURE INSULATION MATERIALS MARKET, BY MATERIAL TYPE 43
6.1 INTRODUCTION 44
6.2 CERAMIC FIBERS 45
6.2.1 REFRACTORY CERAMIC FIBER (RCF) 45
6.2.1.1 RCF has low thermal conductivity and no smoke emission 45
6.2.2 LOW BIOPERSISTENT CERAMIC FIBERS 45
6.2.2.1 These eco-friendly fibers are used in a variety of applications in the industrial sector 45
6.2.3 POLYCRYSTALLINE CERAMIC FIBERS 46
6.2.3.1 These fibers are free of embrittlement due to crystal transformation 46
6.3 INSULATING FIREBRICKS 47
6.3.1 ACIDIC REFRACTORY BRICKS 47
6.3.1.1 Acidic refractory bricks can be affected by basic materials 47
6.3.2 NEUTRAL REFRACTORY BRICKS 47
6.3.2.1 Neutral refractory bricks are used in metallurgic furnaces 47
6.3.3 BASIC REFRACTORY BRICKS 48
6.3.3.1 Basic refractory bricks do not react with alkaline slags 48
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6.4 CALCIUM SILICATE 49
6.4.1 LIGHTWEIGHT CALCIUM SILICATE 49
6.4.1.1 Lightweight calcium silicate has a very low thermal conductivity 49
6.4.2 MEDIUM DENSE CALCIUM SILICATE 49
6.4.2.1 Medium dense calcium silicate is an asbestos-free thermal insulator 49
6.4.3 DENSE CALCIUM SILICATE 49
6.4.3.1 This type of silicate has superior structural integrity 49
6.5 OTHERS 51
6.5.1 PERLITE 51
6.5.2 VERMICULITE 51
6.5.3 MICROPOROUS MATERIALS 51
7 HIGH TEMPERATURE INSULATION MATERIALS MARKET, BY TEMPERATURE RANGE 53
7.1 INTRODUCTION 54
7.2 600°C -1100°C (1112°F-2012°F) TEMPERATURE RANGE 55
7.2.1 ALL INSULATION MATERIAL TYPES ARE USED IN THIS TEMPERATURE RANGE 55
7.3 1100°C -1500°C (2012°F-2732°F) TEMPERATURE RANGE 57
7.3.1 CERAMIC FIBERS AND INSULATING FIREBRICKS ARE COMMONLY USED IN THIS TEMPERATURE RANGE 57
7.4 1500°C -1700°C (2732°F-3092°F) TEMPERATURE RANGE 58
7.4.1 METAL PROCESSING, IRON & STEEL, AND REFRACTORY ARE THE INDUSTRIES WITH APPLICATIONS IN THIS TEMPERATURE RANGE 58
7.5 1700°C (3092°F) AND ABOVE TEMPERATURE RANGE 59
7.5.1 INSULATING FIREBRICKS ARE THE ONLY HIGH TEMPERATURE INSULATION MATERIALS USED IN THIS TEMPERATURE RANGE 59
8 HIGH TEMPERATURE INSULATION MATERIALS MARKET, BY END-USE INDUSTRY 61
8.1 INTRODUCTION 62
8.2 PETROCHEMICAL 64
8.2.1 PETROCHEMICAL IS THE LARGEST END-USE INDUSTRY OF HIGH TEMPERATURE INSULATION MATERIALS 64
8.3 CERAMIC 65
8.3.1 ENERGY COSTS CONSTITUTE AROUND 30% OF THE TOTAL MANUFACTURING COSTS IN THIS INDUSTRY 65
8.4 GLASS 67
8.4.1 GLASS INDUSTRY IS AN ENERGY-INTENSIVE INDUSTRY, WITH OPERATING TEMPERATURE VARYING FROM 500°C (932°F) TO MORE THAN 1700°C (3092°F) 67
8.5 ALUMINUM 68
8.5.1 ALUMINUM INDUSTRY ACCOUNTS FOR 3.5% OF THE GLOBAL ELECTRICITY CONSUMPTION 68
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8.6 IRON & STEEL 69
8.6.1 IRON & STEEL INDUSTRY IS RESPONSIBLE FOR 4%?7% OF THE TOTAL CO2 EMISSIONS 69
8.7 CEMENT 71
8.7.1 CEMENT INDUSTRY CONSUMES 12%?15% OF THE TOTAL INDUSTRIAL ENERGY USED 71
8.8 REFRACTORY 72
8.8.1 INSULATION MATERIALS ARE USED IN REDUCING HEAT LOSS THROUGH EQUIPMENT SURFACE IN REFRACTORY INDUSTRY 72
8.9 POWDER METALLURGY 74
8.9.1 APAC IS THE LEADING MARKET IN THIS SEGMENT 74
8.10 OTHERS 75
9 HIGH TEMPERATURE INSULATION MATERIALS MARKET, BY REGION 77
9.1 INTRODUCTION 78
9.2 APAC 80
9.2.1 CHINA 83
9.2.1.1 China is the largest market in the APAC region 83
9.2.2 JAPAN 84
9.2.2.1 Increasing demand for energy-efficient devices is likely to drive the market 84
9.2.3 SOUTH KOREA 85
9.2.3.1 South Korea is a technology hub in the APAC region 85
9.2.4 INDIA 86
9.2.4.1 Population growth and growing construction activities are the market drivers 86
9.2.5 REST OF APAC 87
9.3 EUROPE 89
9.3.1 GERMANY 93
9.3.1.1 Germany is a leading exporter of machinery, vehicles, and chemicals 93
9.3.2 FRANCE 94
9.3.2.1 Chemical, automobile, aerospace & defense, and shipbuilding are major industries in France 94
9.3.3 UK 95
9.3.3.1 There are strict government regulations on energy emission in the country 95
9.3.4 RUSSIA 96
9.3.4.1 Increased oil production will influence the market positively in the petrochemical end-use segment 96
9.3.5 TURKEY 97
9.3.5.1 The market in this country is emerging 97
9.3.6 REST OF EUROPE 98
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9.4 NORTH AMERICA 99
9.4.1 US 102
9.4.1.1 Regulations for emission control and energy consumption will influence the market 102
9.4.2 CANADA 104
9.4.2.1 Strengthening of energy efficiency standards are promising for the market growth 104
9.4.3 MEXICO 105
9.4.3.1 Mexico is an emerging high temperature insulation materials market 105
9.5 MIDDLE EAST AND AFRICA 106
9.5.1 SAUDI ARABIA 109
9.5.1.1 The increasing number of infrastructural projects is favorable
for the market 109
9.5.2 UAE 110
9.5.2.1 The country is one of the largest oil exporters in the world 110
9.5.3 REST OF MIDDLE EAST & AFRICA 111
9.6 SOUTH AMERICA 113
9.6.1 BRAZIL 116
9.6.1.1 Brazil is the largest market in the region 116
9.6.2 ARGENTINA 117
9.6.2.1 End-use industries of high temperature insulation materials
are growing in the country 117
9.6.3 REST OF SOUTH AMERICA 118
10 COMPETITIVE LANDSCAPE 120
10.1 OVERVIEW 120
10.2 MARKET RANKING ANALYSIS 122
10.3 COMPETITIVE SCENARIO 123
10.3.1 EXPANSION 123
10.3.2 MERGER & ACQUISITION 124
10.3.3 NEW PRODUCT LAUNCH 125
11 COMPANY PROFILES 126
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat from competition, Right to Win)*
11.1 MORGAN ADVANCED MATERIALS 126
11.2 LUYANG ENERGY-SAVING MATERIALS CO., LTD. 131
11.3 RHI MAGNESITA GMBH 135
11.4 MITSUBISHI CHEMICAL HOLDINGS CORPORATION 139
11.5 3M 142
11.6 ISOLITE INSULATING PRODUCTS CO., LTD. 145
11.7 ETEX 147
11.8 CALDERYS 149
11.9 UNIFRAX 151
11.10 ALMATIS 153
11.11 ADDITIONAL COMPANY PROFILES 155
11.11.1 BNZ MATERIALS 155
11.11.2 PYROTEK 155
11.11.3 COTRONICS CORPORATION 155
11.11.4 ADL INSULFLEX INC. 155
11.11.5 INSULCON GROUP 155
11.11.6 M.E. SCHUPP INDUSTRIEKERAMIK GMBH 156
11.11.7 SKAMOL A/S 156
11.11.8 IBIDEN CO. LTD. 156
11.11.9 PACOR, INC. 156
11.11.10 DYSON TECHNICAL CERAMICS 156
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat from competition, Right to Win might not be captured in case of unlisted companies.
12 APPENDIX 157
12.1 DISCUSSION GUIDE 157
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 160
12.3 AVAILABLE CUSTOMIZATIONS 162
12.4 RELATED REPORTS 162
12.5 AUTHOR DETAILS 163