High Temperature Insulation Market Size & Share 2017 - 2024
Market Size by Product (Insulating Firebricks, Calcium Silicate, Ceramic Fiber) and End User (Petrochemical, Ceramics, Aluminum, Iron & Steel, Cement, Glass), Regional Outlook, & Forecast.
Report ID: GMI1770
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Published Date: October 2017
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Report Format: PDF
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Authors:
Avinash Singh, Sunita Singh
High Temperature Insulation Market Size
High Temperature Insulation Market size was valued at more than USD 3 billion in 2016 and will grow at a CAGR of over 5% up to 2024 driven by the presence of carcinogenic content in the insulation materials which pose a high risk to human health. Therefore, several countries across the globe have laid stringent regulations to guide the production process.
High temperature insulation (HTI) products are utilized significantly for temperature intensive applications which help in reducing greenhouse gas emission and heat transfer, hence reduces global warming. These products prevent the heat transfer by reducing the energy required to boost temperatures, which helps in protecting materials from thermal damage.
Increasing focus on energy conservation among various industries such as petrochemical, glass, aluminum, and iron & steel, significantly in Asia Pacific, Europe, and North America, is projected to be one of the major driving forces for the global market. The growth in the region is augmented by rising regulatory pressure on reducing energy consumption and maximizing the energy efficiency of industrial systems. Also, stringent regulations forced on cement, metal, and oil & gas to lower greenhouse gas emissions have augmented the high temperature insulation market share in forecast timeframe.
Increasing demand for ceramic fiber for industrial thermal insulation is expected to drive the global high temperature insulation market owing to its properties, which offers insulation by protecting and safeguarding machine’s health & performance, will positively affect the growth of high temperature insulation market over the projected period. Moreover, it offers longer operating life to machinery and ensures energy compliance.
High Temperature Insulation Market Analysis
Ceramic fibers are majorly used for production segment with a market value over USD 1.7 billion in 2016, due it has a wide range of application in varied end-use industries. These fibers have a low thermal conductivity, which helps them to become remarkable energy-saving materials. Further, it has low thermal inertia and low density, which helps in controlling the temperature present inside the insulating surface. These characteristics, along with its wide range of operating temperatures, have increased the application of ceramic fibers over other products in several industries.
Calcium silicate is the fastest growing segment with a CAGR of over 5.9% over the forecast period. Increasing industrialization in developing regions and government regulations are favoring the growth of high temperature insulation market, will augment the growth of calcium silicate in the forecast timespan. The demand for insulation on industrial grade piping and equipment is increasing across most of the developing economies.
In the countries such as China, and India, the manufacturing sector is one a fast growth path, creating a significant demand for calcium silicate insulation products in these countries. Increasing petroleum drilling activities globally are also giving an additional boost to the growth of high temperature insulation market.
The petrochemical is the most significant end user segment regarding both volume and revenue. This segment will cross USD 500 million in 2016. Rise in the petrochemical activities and expected growth in this industry is attributed to the growth of the market. Moreover, the growing demand for petrochemical products for wide range of applications is further giving a significant boost to the growth of this high temperature insulation market.
Increasing demand for these products, the producers had enhanced their production capacities which have led to the development of new manufacturing units that use high temperature insulation materials, owing to the growing concerns associated with energy savings and greenhouse gas emissions. Moreover, the ceramic industry is the fastest growing segment with a CAGR of over 5.5% over the forecast timeframe.
Asia Pacific is the dominant region regarding high temperature insulation market volume, which is primarily led by China and India. The regional growth was mainly driven by the increase in the industrial sector and the increasing consumption of high temperature insulation materials in emerging economies. Moreover, the market is expected to rise in countries, such as Australia, Japan, and others, over the forecast period due to increasing concern related to the optimized use of energy among the government bodies.
North America high temperature insulation market is exhibiting a significant growth across the globe over the forecast timeframe owing to innovation and investments in research and development of better products with the support of technology from the U.S. and Canada. Moreover, the increasing demand for high insulation product is due to stringent government regulation emphasizing on efficient of energy.
High Temperature Insulation Market Share
The global high temperature insulation industry share was highly competitive in 2016. Significant companies contributing to the global market include :
Key players in this market are heavily investing in R&D, and production facilities to expand their geographical reach and attain a significant position in the business. Furthermore, key players follow innovations to offers better product in terms of performance, quality, and appearance, etc., to strengthen their market position.
Industry Background
The high temperature insulation market is strongly driven by its extensive use for protecting and safeguarding machineries and equipment. Increasing use of this material in energy conservation systems will drive the high temperature insulation market over the coming years. Morgan Thermal Ceramics Plc is one of the key players in this market.
The company focuses more on developing innovative products made up of insulation materials. Unifrax LLC is another company, which has established a solid position in the high temperature insulation materials market. This company invests more on mergers & acquisitions, and as well as new product developments to develop new technologies, and innovative products.
High temperature insulation market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD billion from 2013 to 2024, for the following segments:
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By Product
By End User
The above information is provided on a regional and country basis for the following:
By Region
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
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2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
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✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
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Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
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