High Temperature Insulation (HTI) Materials Market to grow by USD 2.82 billion from 2022 to 2027 | The expansion of steel production capacity drives the market - Technavio
2023-08-22
NEW YORK, Aug. 22, 2023 /PRNewswire/ -- The
high temperature insulation (HTI) materials market size is set to grow by
USD 2,827.85 million from 2022 to 2027 and register a
CAGR of 8.2%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.
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来源: PRNewswire
Technavio has announced its latest market research report titled Global High Temperature Insulation (HTI) Materials Market 2023-2027
The report also covers the following areas
:
High Temperature Insulation (HTI) Materials Market size
High Temperature Insulation (HTI) Materials Market trends
High Temperature Insulation (HTI) Materials Market industry analysis
Factors such as the increasing use of ceramic, Increasing demand for aluminium, and expansion of steel production capacity will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The high temperature insulation (HTI) materials market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
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Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial -
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High Temperature Insulation (HTI) Materials Market 2023-2027: Segmentation
End-user
Petrochemicals Sector
Ceramics Sector
Aluminum Industry
Glass And Others
Product
Ceramic Fibers
Insulating Firebricks
Others
Geography
Europe
North America
APAC
South America
Middle East And Africa
The
petrochemicals sector segment is estimated to witness significant growth during the forecast period. High-temperature insulation (HTI) materials find extensive utilization in diverse sectors such as oil and gas refractories and chemical-processing refractories. These industries necessitate materials capable of withstanding elevated temperatures. Consequently, the expansion of the oil and gas and chemical sectors holds pivotal significance in propelling the demand for HTI materials within the refractories application. The growth of HTI materials within the oil and gas industry is notably driven by their capacity to cater to high-temperature requirements inherent to the sector. Additionally, HTI materials are harnessed in various petrochemical applications, including cracked gas dryers, desulfurization units, and oxidation reactors. The broad spectrum of these applications is poised to underdrive pin the global growth of the high-temperature insulation (HTI) materials market during the forecast period.
High Temperature Insulation (HTI) Materials Market 2023-2027: Comany Analysis and Scope
Some of the major vendors of the high temperature insulation (HTI) materials market in the l4 industry include 3M Co., Almatis BV, Armacell International SA, Aspen Aerogels Inc., CARCO PRECISION RUBBER PRODUCTS S.P.A, Etex NV, Firwin Corp., Hi Temp Insulation Inc., IPCOM NV, James Walker Group Ltd., Luyang Energy saving Materials Co. Ltd., M.E. SCHUPP INDUSTRIEKERAMIK GMBH, Morgan Advanced Materials Plc, Owens Corning, Pyrotek Inc., Rath Aktiengesellschaft, RHI Magnesita GmbH, Shinagawa Refractories Co. Ltd., Unifrax I LLC, and Mitsubishi Heavy Industries Ltd.. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market.
Company Offerings
Almatis BV - The company offers high temperature insulation HTI materials such as Tabular Alumina T60 T64, BSA 96, SLA 92, and CA 14M.
Armacell International SA - The company offers high temperature insulation HTI materials such as HT ArmaFlex.
Market dynamics
Key Driver
The expansion of steel production capacity is notably driving market growth.
Major Trends
The increasing adoption of eco-friendly HTI materials is an emerging market trend. The growth of HTI materials is significantly spurred by the increasing transition from conventional construction methods to drywall construction within the construction industry. Notably, numerous players within the global HTI materials market are progressively embracing the production of environmentally friendly options, like calcium silicate boards, to align with the construction of sustainable buildings. This trend is exemplified by the heightened focus on manufacturing 100% non-asbestos calcium silicate boards aimed at mitigating the production of harmful radiation and toxic gases. These boards offer additional attributes, including termite and insect resistance, high strength, lightweight nature, and anti-corrosive properties. As a result, these elements are anticipated to propel the growth of the global high-temperature insulation (HTI) materials market during the forecast period.
Significant Challenges
Regulatory measures pertaining to adverse effects of HTI materials exposure are the key challenges hindering market growth.
High Temperature Insulation (HTI) Materials Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist high temperature insulation (HTI) materials market growth during the next five years
Estimation of the high temperature insulation (HTI) materials market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behaviour
The growth of the high temperature insulation (HTI) materials market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of high temperature insulation (HTI) materials market vendors
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Table of contents
Executive Summary
Market Landscape
Market Sizing
Historic Market Size
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Product
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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