Market Synopsis of High Temperature Insulation Market:
Global High Temperature Insulation Market will cross USD 5.16 Billion Mark by 2022 and it is expected to grow over the CAGR of more than 11.4 % during the period 2016 to 2022.
High Temperature Insulation (HTI) are utilized in temperature intensive application for minimizing heat transfer, greenhouse gas emission and in everything that reduces global warming. Strong energy codes and utilities savings are major market drivers for the entire insulation industry. New residential construction are an obstruction for the growth of glass fiber, mineral wool, and cellulose industry, on the other hand replacement/retrofit segment provides a boost to polystyrene and polyisocyanurate. Restricted supply of glass fiber has created the demand for mineral wool and cellulose in residential area. Factors that are hampering the industry growth are overall slowdown in construction which is negatively impacting the entire industry, mindset of many who view insulation as a commodity item and don’t see anything good in products that affects market of every product (mention products or industry to which these products belong).
Geographically, Asia Pacific is the largest market for HTI followed by Latin America. On the other hand market of North America and Europe with respect to HTI product has reached a saturation (reached a saturation level with respect to what?)Level so is expected to grow at a sluggish growth rate.
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The key players of High Temperature Insulation Market includes 3M Company, ADL Insulflex Inc, Almatic GmbH, Hi-Temp Insulation Inc., Insulcon Group, Isolite Insulating Products Company Ltd, Promat International NV, Pacor Inc., Dyson Group, and Cellaris Ltd.
“Asia-Pacific is projected to be the largest market for high temperature insulation during the forecast period”
Geographically, Asia-Pacific is expected to be the largest market for High Temperature Insulation with respect to contributing more than XX% of the total market revenue or growth (does Asia Pacific contribute in growth of market or in the revenue of the same? Which word would suit better, ideally growth is related to revenue) . This share is contributed more towards the growth of emerging economies, cheap labor cost in APAC and economical material used for production process.
Scope of the study:
The scope of the study categorizes the High Temperature Insulation market as type, and application.
- Ceramic Fiber
- Insulating Firebrick
- Calcium Silicateand
- Iron & Steel
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Key Points from Table of Content:
11. Company Profiles
11.1 3M Company
11.1.3 Product Portfolio
11.1.4 Business Strategies
11.1.5 Recent Development
11.2 ADL Insulflex Inc
11.2.3 Product Portfolio
11.2.4 Business Strategies
11.2.5 Recent Development
11.3 Almatic GmbH
11.3.3 Product Portfolio
11.3.4 Business Strategies
11.3.5 Recent Development
11.4 Hi-Temp Insulation Inc
11.4.3 Product Portfolio
11.4.4 Business Strategies
11.4.5 Recent Development
11.5 Insulcon Group
11.5.3 Product Portfolio
11.5.4 Business Strategies
11.5.5 Recent Development
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