(PRWEB) February 21, 2014
According to a new market research report, “High Temperature Insulation Market - HTI Application (petrochemicals, glass, ceramics, and others) and Temperature Range - Global Trends & Forecasts (2011 - 2016)”, global HTI products market will grow from estimated $2.7 billion in 2011 to $3.5 billion in 2016 with a compound annual growth rate of 5.4% during the same period.
Browse 80 market data tables/figures and in-depth TOC on “High Temperature Insulation Market:
Early buyers will receive 10% customization on this report.
Enquiry before buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=710.
The global HTI market was valued at $2.47 billion in 2007. The following year the market grew by 10.6% and reached to $2.73 billion in 2008. In 2009, the global economic crisis affected the number of projects across various industries which led to a fall in market by 16% to $2.29 billion. In 2010, the market recovered and companies in high temperature insulation business recorded significant jump in their revenues. For instance, The Morgan Crucible Company Plc reported a 12% rise in their thermal ceramic division’s revenue which includes high temperature insulation products. In 2010 the overall high temperature insulation market surged by 9.6% and reached $2.51 billion. In 2011, the market jumped again by 7.8% to $2.9 billion and the similar growth is expected in next year.
The high temperature insulation market is forecasted to reach $3.5 billion by 2016 at a compounded annual growth rate of 5.4% in next five years. Europe is the largest consumer of HTI products with 40% market share in 2011 followed by North America with 35% share. UK based Morgan Thermal Ceramics and U.S. based Unifrax are the largest manufacturers of HTI products and together constitute one third of the market.
The report ‘High Temperature Insulation Market by Application (petrochemicals, glass, ceramics, and others), and Temperature Range – Global Trends & Forecasts (2011 – 2016)’ segments the HTI market by application, temperature range, and geography. It also focuses on market share analysis, and market metrics like drivers, restraints and opportunities. With more than 80 market data tables/figures, it breaks and forecast the market in every possible way.
Download Free PDF Sample Today!
Browse related reports:
Proppant Market - By Type (Fracturing Sand, Resin Coated and Ceramic Proppant) - Global Trends & Forecasts to 2017
Aerogel Market by Form and Application (Building Insulation, Oil & Gas, Aerospace, Automotive, Industrial & Cryogenic) – Global Trends and Forecasts up till 2017
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/Advanced-Materials
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets