DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "High Temperature Insulation Material Market: Global Industry Trends, Share, Scale, Growth, Opportunities and Forecasts 2021-2026" report to ResearchAndMarkets.com's products.
From 2015 to 2020, the global high-temperature insulation material market has shown a moderate growth trend. Looking ahead, the publisher predicts that the global high-temperature insulation material market will grow at a compound annual growth rate of about 7% between 2021-2026.
High-temperature insulation (HTI) materials refer to various microporous materials that help prevent heat and energy transfer in various industrial applications. It includes materials such as ceramic fibers, insulating refractory bricks, and calcium silicate, which are used in high-pressure steam pipes, flanges, boilers, dryers, furnaces, and turbines. These materials also help protect equipment from extreme temperature changes, minimize energy use and reduce greenhouse gas (GHG) emissions into the environment. Therefore, they have been widely used in commercial, residential and industrial fields.
The rapid global industrialization is one of the key factors driving market growth. At the same time, the expansion of the petrochemical industry has also promoted market growth. Pressure-resistant and heat-resistant HTI materials are widely used as insulation and fire-resistant linings in the manufacture of various industrial plates, castings and textile products. Increasing environmental awareness, including concerns about the depletion of traditional energy sources, is becoming another growth factor.
Manufacturers are emphasizing the production of sustainable HTI materials that are environmentally friendly and stable under high temperature and compression pressure. This has led to the widespread adoption of recyclable and reusable bio-based alternatives, such as seaweed, cellulose flakes, hemp pads and wool, which have a positive impact on market growth. Other factors, including increased product utilization in the aerospace and automotive industries, and extensive research and development (R&D) activities are expected to further drive the market.
Key questions answered in this report:
5 Global High Temperature Insulation Material Market
6 Market segmentation by material type
7 Market segmentation by temperature range
8 Market Segments of the Terminal Industry
For more information about this report, please visit https://www.researchandmarkets.com/r/6s4u04
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900