Global High Temperature Insulation Market: Trends and Forecasts up to 2023
INFINIUM GLOBAL RESEARCH
Global High Temperature Insulation Market: Trends and Forecast -2023
INTRODUCTION REPORT DESCRIPTION High Temperature Insulations, also known as HTI materials are used in the industries for reducing the heat loss, and energy consumption. The report includes HTI materials such as ceramic fibers and insulating fire bricks among others. Increasing emphasis on energy conservation across various industries is projected to be one of the major driving forces for the market. Moreover, stringent regulation imposed on metal, cement, and oil & gas to reduce greenhouse gas emission has further augmented the industry growth. However, the carcinogenic content in hightemperature insulation material pose high risk to health, thus is expected to have an adverse impact on growth. This report estimates the market size of High Temperature Insulation in terms of value (USD Million) over the period of 2015 to 2023. The year 2017are considered to be base years, and 2017 to 2023 is considered to be a forecast period. The market sizes for High Temperature Insulation bytype, by end use and by regions are estimated in terms of value. This market research study provides detailed qualitative and quantitative analyses of the global High Temperature Insulation market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of High Temperature Insulation. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Also, countries with major market shares are covered for each of the region. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of High Temperature Insulation market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global High Temperature Insulation market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers 2
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Global High Temperature Insulation Market: Trends and Forecast -2023
and distributors to understand the present and future trends in this market and formulate their strategies accordingly. SEGMENTATION AND RESEARCH SCOPE HIGH TEMPERATURE INSULATION MARKET SEGMENTATION
Region Types ceramic fibers
Insulating fire bricks Others
End Use Petrochemicals Ceramics Glass Aluminum Cement Iron & Steel
North America Europe
Asia Pacific RoW
Refractory Powder Metallurgy Others
The report segments the global High Temperature Insulation Market by type, end use, and region. On the basis of types the high temperature insulation market is segmented as ceramic fibers, insulating fire bricks and others. Based on end use application, the market has been segmented into Petrochemical, Ceramics, Glass, Aluminum, Cement, Iron & Steel, Refractory, Powder metallurgy and others. The global High Temperature Insulation market is analyzed covering the regions such as North America, Europe, Asia- Pacific and Rest of the World. For More Details Get Free Sample Pages of this Report @https://www.infiniumglobalresearch.com/reports/sample-request/728
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Global High Temperature Insulation Market: Trends and Forecast -2023
RESEARCH METHODOLOGY METHODOLOGY Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the High Temperature Insulation market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.
RESEARCH METHODOLOGY: AN OUTLINE
Primary Research
Secondary research
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• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars
• Secondary sources of the information and data include • Company annual reports • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others
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Global High Temperature Insulation Market: Trends and Forecast -2023
P r i ma r y R es ea r c h Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through 1. Key Opinion Leaders associated with Infinium Global Research 2. Internal and External subject matter experts 3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives. Se c on da r y R es ea r ch Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include • Company annual reports • Government/institutional publications • Trade and associations’ journals • Databases such as WTO, OECD, Hoovers, Factiva, and Worldbank, among others. • Websites and publications by research agencies • The European Ceramic Fibre Industry Association • National Insulation Association • Insulation Outlook Magazine • U.S. Department of Energy • Public Health England • Government of Canada Publications,
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Global High Temperature Insulation Market: Trends and Forecast -2023
DATA COLLECTION MATR IX: RESEARCH METHODOLOGY: DATA COLLECTION MATRIX
Demand Side analysis
Global market size (Consumption)
Production +Import -Export
Supply Side Analysis
Data collection matrix explains the triangulation of the data collected to arrive at the market size of the global High Temperature Insulation market. The supply side analysis considers the production of High Temperature Insulation. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the High Temperature Insulation. The demand side analysis considers the Product areas of the High Temperature Insulation market. In this approach the various industry players are considered. The country-wise sales values provide the data of consumption of High Temperature Insulation in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional High Temperature Insulation market. In order to arrive at the market size as well as to validate the data findings from supply and demand side analyses the import, export and production data are considered. The consumption in the global, regional as well as country markets is estimated using the following formula Consumption= (Production + Import) – Export
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Global High Temperature Insulation Market: Trends and Forecast -2023
RESEARCH APPROACHES The study on global High Temperature Insulation market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD Million. The research also covers the analysis of the various segments in the global high temperature insulation market. The estimates in the global high temperature insulation market are based on both bottom-up and top-down approaches. RESEARCH APPROACHES- BOTTOM UP • Accumulation of the country level market size (sales value) • Regional market size of HTI materials and its applications
• •
Segment revenue of the key players Country level market size by type and applications (sales value)
•
Identifying key players in the HTI materials market
• •
Accumulation of the regional/country market size (sales value) Global market size of product types and applications
In the bottom-up approach the revenues of the key players are determined and added to arrive at the country or regional market size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of high temperature insulation market.
RESEARCH APPROACHES- TOP-DOWN 7
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Global High Temperature Insulation Market: Trends and Forecast -2023
Top Down Approach • Global market size of HTI materials market • sales value for 2015 to 2016 Global market
Market Segments
• % breakdown by market segments by types and products, end users and distribution channels of HTI materials • sales value for 2014 and 2016
Top- Down Approach Determine the regional market size
Country Level market sizing
• Regional market size of the HTI materials market (sales value) • Regional market size of product types and applications in terms of value
• Country level market size of the HTI materials market in every region (sales value) • Country level market size of product types and applications in every region
In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia Pacific, and RoW.
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IGR- RESEARCH METHOD AND DATA TRIANGULATION
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Global High Temperature Insulation Market: Trends and Forecast -2023
SECONDARY SOURCES.
PRIMARY SOURCES
• Industry Publications • Industry news ‘ • Data sources • Trade Associations’ publications
Infinium’s Data bank/Know how
• The European Ceramic Fibre Industry Association • National Insulation Association • Insulation Outlook Magazine
•C-level executives in the leading manufacturing companies of HTI materials •Product managers •Sales managers •Industry consultants •Distributors/Suppliers
• Others
• Annual Reports • Presentations • Company Websites
• Press Releases • News Articles • Journals
Primary Research
Secondary Research
• Paid Databases
Data Triangulation and Information Sources
The market size of high temperature insulation is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the high temperature insulation market. The primary interview participants typically include managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the high temperature insulation market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the High Temperature Insulation market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of high temperature insulation. With the help of primary interviews and secondary research the market size of high temperature insulation is determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of high temperature insulation in the world market.
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Company Publications .
SUPPLY SIDE
• U.S. Department of Energy
General. Publications
DEMAND SIDE
• Government Agencies’ Publications
•Top executives of end-use industries •Intermediaries
Global High Temperature Insulation Market: Trends and Forecast -2023
EXECUTIVE SUMMARY GLOBAL HIGH TEMPERATURE INSULATION MARKET HIGHLIGHTS, (USD MILLION) The global high temperature insulation market is driven by the factors such as rapid growth in the end user industries and rising demand for energy conservation and heat loss control. However, health issues associated with ceramic fibers is primary factor restraining the growth of the market. The impact of this factor is very low and is not likely to have major implications on the market in the long run. Globally, rise in demand for low bio-persistent materials is expected to provide opportunities for the key players in the industry over the forecast period. North America dominates the world High Temperature Insulation market in terms of dollar share, while Asia Pacific is anticipated to grow at the highest CAGR over the forecast period. The growth in the Asia-Pacific region is primarily driven by emerging economies such as India, China and Indonesia. The Developed regions such as North America and Europe are expected to experience sluggish growth due to matured nature of economies. North America is the largest revenue generating region and it is mainly driven by large scale production and consumption of High Temperature Insulation materialsin the U.S. Asia-Pacific is expected to growth at the highest CAGR of x.x% over the forecast period. Some of the key players in the global High Temperature Insulation market are Morgan Thermal Ceramics (U.K.), Unifrax I LLC (U.S.), Shangdong Luyang Co. Ltd (China), Isolite Insulating Products Co. Ltd. (Japan), Promat GmbH (Belgium), Pyrotek Incorporated(U.S.), and BNZ Materials Inc. (U.S.).
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Global High Temperature Insulation Market: Trends and Forecast -2023
GLOBAL HIGH TEMPERATURE INSULATION MARKET, CAGR GROWTH BY REGIONS (2015 – 2023)
x.x
x.x %
%
x.x
%
North America Latin America
x.x %
Europe Asia
Emerging markets of Asia-Pacific, Middle East and Latin America regions are expected to drive the growth in the world market. The Asia-Pacific region is expected to grow at a CAGR of x.x% over the forecast period, followed by Latin America and RoW regions growing at CAGRs x.x% and x.x% respectively over the period of 2017 – 2023.
MARKET OVERVIEW AND COMPETITIVENESS DROANALYSIS DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global High Temperature Insulation market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the High Temperature Insulation market. Drivers refer to the factors that are expected to drive or boost the market size or demand for High Temperature Insulation. The analysis involves identification of both demand side and supply side factors that drive the demand as well as 11
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Global High Temperature Insulation Market: Trends and Forecast -2023
environmental factor that favor the market conditions for growth of High Temperature Insulation market both in short run and long run. DRIVERS, RESTRAINTS AND OPPORTUNITIES IN GLOBAL HIGH TEMPERATURE INSULATION MARKET
D
• Driver 1 • Driver 2 • Driver 3
R
• Restraint 1 • Restraint 2 • Restraint 3
O
• Opportunity 1 • Opportunity 2
Drivers
Restraints
Opportunities
IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and application segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky 12
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Global High Temperature Insulation Market: Trends and Forecast -2023
Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size. IGR- GROWTH MATRIX ANALYSIS Growth Rate
Consolidation zone
Opportunity zone High
Low Risky zone
Retention zone Market Size High
Low
North America
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Europe
Asia-Pacific
Latin America
RoW
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Global High Temperature Insulation Market: Trends and Forecast -2023
GLOBAL HIGH TEMPERATURE INSULATION MARKET INFOGRAPH
Global HTI materials market end use applications shares
Global HTI materials market: regional Shares
x.x%
2021
2015
North America
100%
Europe
x.x% 50 %
100%
100%
50 %
100%
50 %
100%
Asia Pacific RoW
x.x% 100%
Global HTI materials market: Regional Highlights
x,.x% 50 %
100%
100%
Global HTI materials market: industry developments of key participants X.X% xx.x xx.x
X.X%
xx.x
xx.x
xx.x 2015
2015
2021
2021
X.X%
CAGR: X.X%
CAGR: X.X%
Merger & Acquisitions
X.X%
xx.x
2015
Joint ventures
2021
CAGR: X.X%
New Product Development
Others
Region Types ceramic fibers Insulating fire bricks Others
End Use
Driver 1
Ceramics Glass
Aluminum Cement Iron & Steel
Refractory
Europe
Restraint 1
Driver 2
02
Restraint 2
02
Asia Pacific RoW
Driver 3
Others
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01 North America
Powder Metallurgy
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01
Petrochemicals
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Global High Temperature Insulation Market: Trends and Forecast -2023
GLOBAL HIGH TEMPERATURE INSULATION MARKET BY end use applications Key Points in Global HTI materials by End – Use applications
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Xxx segment is expected to grow at a highest CAGR of x.x% over the forecast period 2017- 2023 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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