Stringent environmental regulations in these industries is likely to further boost the high temperature insulation.
High temperature insulation materials market.
61 8 1 introduction 8 2 petrochemical 8 2 1 petrochemical is the largest end use industry of high temperature insulation materials 8 3 ceramic 8 3 1 energy costs constitute around 30 of the total manufacturing costs in this industry.
The high temperature insulation materials market size is expected to grow from usd 6 0 billion in 2019 to usd 8 9 million by 2024 at a cagr of 8 2.
The report covers the performance of the high temperature insulation materials in regions north america latin america europe asia pacific and.
8 high temperature insulation materials market.
High temperature insulation materials market extensive implementation of high temperature insulation material in industries such as petrochemical cement and metals manufacturing is estimated to act as a major driver for the high temperature insulation materials market.
The global high temperature insulation market size was estimated at usd 4 44 billion in 2018 and is estimated to expand at a cagr of 7 8 over the forecast period.
Rising awareness regarding energy conservation is estimated to drive the market.
Trends opportunities and forecast in the global high temperature insulation material market to 2024 by material type ceramic fibers insulating firebricks ifb calcium silicate and others temperature range 600 1100 0c or 1112 2012 0f 1100 1500 0c or 2012 2732 0f 1500 1700 0c or 2732 3092 0f and 17000c and above or 30920f and above end use industry petrochemical.
According to the report the high temperature insulation materials market is projected to reach a value of usdxx by the end of 2027 and grow at a cagr of xx through the forecast period 2020 2027.