High Temperature Insulation Global Market Report 2024

The global high temperature insulation market has grown strongly in recent years. It will grow from $6.14 billion in 2023 to $6.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to industrialization and manufacturing growth, energy efficiency regulations, focus on workplace safety, expansion of the aerospace industry, demand in automotive manufacturing, and requirements in the oil and gas industry, as well as mining and mineral processing requirements.

The global high temperature insulation market is expected to see strong growth in the next few years. It will grow to $8.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be attributed to the increasing investment in research and development, a focus on lightweight materials, ongoing urbanization and infrastructure development, a rising demand for high-temperature superconductors, the development of the hydrogen economy, and a global emphasis on resilience and infrastructure preparedness. Major trends expected in this period include advancements in insulation materials, expansion in the power generation sector, the integration of nanotechnology, increased usage in furnace and kiln applications, the formation of strategic alliances and collaborations, and efforts towards globalization and market expansion.

The high-temperature insulation market is poised for significant growth, driven by the increasing use of petrochemical products. Petrochemicals, derived from crude oil or natural gas, serve diverse commercial purposes and are integral to various industries. High-temperature insulation plays a crucial role in the petrochemical sector by preventing heat transfer, thereby safeguarding materials and components near heat sources. This not only ensures the protection of materials but also reduces the energy required to achieve desired temperatures. Notably, the U.S. Energy Information Administration reports a substantial 11% growth in the exports of U.S. petroleum products in the first half of 2022, emphasizing the industry's robust expansion. Additionally, petrochemical fuels like naphtha, LPG, and ethane are anticipated to contribute significantly to total oil product demand growth globally, further fueling the high-temperature insulation market.

The high-temperature insulation market is set to experience robust growth fueled by the expanding aerospace and automotive industries. These dynamic sectors, characterized by ongoing efforts to enhance efficiency, sustainability, and technological advancements, significantly impact global economic development, transportation infrastructure, and technological innovation. Within the aerospace and automotive domains, where high-temperature operating environments are prevalent, there is a growing demand for advanced insulation materials. These materials find application in engines, exhaust systems, and various components, contributing to improved overall performance and efficiency. The remarkable surge in air passengers in Germany, increased aircraft deliveries by Airbus in 2022, and the significant growth in Brazil's automotive production all underscore the heightened demand for high-temperature insulation in these industries, thereby propelling market growth.

Technological advancements represent a key trend shaping the dynamics of the high-temperature insulation market. Major industry players are actively investing in advanced technologies to fortify their market positions. A notable example is Johns Manville Corporation's introduction of JM Corbond IV closed-cell spray polyurethane foam with HFO technology. This fourth-generation closed-cell spray foam, incorporating a HydroFluoro-Olefin (HFO) blowing agent, stands out for its high yield, exceptional thermal and moisture performance, and superior adhesion. Such technological innovations contribute to the development of high-performing, energy-efficient structures, showcasing the industry's commitment to staying at the forefront of insulation technology.

Major companies in the high-temperature insulation market are placing a significant emphasis on product innovations to enhance their market competitiveness. Solvay's recent launch of Xydar LCP G-330 HH, a new polymer designed for high-heat EV battery module insulation, exemplifies this strategic focus. Tailored to address challenging thermal runaway and insulation requirements, the polymer is particularly targeted at battery module plates of electric vehicles operating with higher voltage systems. Solvay's introduction of this innovative polymer marks a noteworthy advancement in the high-temperature insulation industry, offering a specialized solution for electric vehicle battery modules requiring high-temperature insulation. This emphasis on product innovations reinforces the industry's commitment to meeting evolving demands and maintaining a competitive edge in the market.

In March 2023, Etex, a Belgian-based manufacturer specializing in gypsum products, successfully completed the acquisition of Skamol, a Danish company renowned for its specialty high-temperature insulation systems. The financial details of the transaction remain undisclosed. This strategic acquisition aligns with Etex's existing product offerings, especially in the realm of calcium silicate boards, where Etex has a significant presence through its Promat business. Skamol, recognized for its expertise, manufactures insulation systems designed for various applications, including industrial kilns and furnaces, domestic stoves and fireplaces, mold prevention in homes, and fire protection solutions.

Major companies operating in the high temperature insulation market report are Morgan Advanced Materials PLC, Pyrotek Inc., 3M Company, Unifrax LLC, Hi-Temp Insulation Inc., Insulcon Group, Isolite Insulating Products Company Limited, Rath Group, Promat International NV, Mitsubishi Plastics Inc., Luyang Energy-Saving Materials Company Limited, Aspen Aerogels Inc., Zircar Zirconia Inc., ADL Insulflex Inc., Almatis GmbH, Pacor Inc., SCHUPP Industriekeramik GmbH, Promat UK Ltd., Knauf Insulation, Nutec, RHI Magnesita, ETEX Group, Calderys, Unifrax, Almatis, Johns Manville, Saint-Gobain, Owens Corning, Rockwool International A/S, Thermal Ceramics, Shandong Luyang Share Co. Ltd.

Asia-Pacific was the largest region in the high temperature insulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high temperature insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the high temperature insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Insulating firebrick is a refractory ceramic material used in diverse applications such as gas burners, chimneys, electric systems, small wood stoves, and kiln linings. It is known for its ability to withstand extremely high temperatures and has low thermal conductivity. These bricks can withstand different temperature ranges, including 6000 °C-11000 °C (1112 °F-2012 °F), 11000 °C-15000 °C (2012 °F-2732 °F), 15000 °C-17000 °C (2732 °F-3092 °F), and 17000 °C and above (3092 °F). These high-temperature insulation products find applications in various industries, including petrochemicals, glass, aluminum, iron and steel, cement, refractory, and others. Their role is to prevent heat transfer, conserve energy, and safeguard adjacent materials from heat-related damage.

This report provides high-temperature insulation market statistics, including high-temperature insulation industry global market size, regional shares, competitors with a high-temperature insulation market share, detailed high-temperature insulation market segments, market trends and opportunities, and any further data you may need to thrive in the high-temperature insulation industry. This high-temperature insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

High-temperature insulation market consists of sales of glass fiber products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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