Dallas, Texas (PRWEB) November 06, 2012
The global HTI market was valued at $2.47 billion in 2007. Next 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 to $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 increasing cost of power and the rapid depletion of conventional sources of energy have necessitated effective heat management and energy conservation in industrial processes. High temperature insulation (HTI) products provide high compressive strength and low shrinkage at high temperatures; and thus offer a cost-effective energy management solution for industrial processes.
The provides in-depth market intelligence on the global market for HTI products, which is currently witnessing high growth due to expanding industrial applications such as petrochemicals, and cement and glass manufacturing. This report identifies and analyzes growth strategies such as portfolio expansion and the R&D initiatives taken by heat management solution providers.
The report analyzes the markets for the various HTI applications such as petrochemicals, iron and steel, ceramics, alumina and powder metallurgy. The report also identifies the consumption of HTI products in different operational temperature ranges in these application segments. Each HTI submarket is forecasted and analyzed for trends and the competitive landscape in the HTI markets in the North America, Europe, Asia, and Rest of the World.
This high temperature insulation market research report categorizes the global market for high temperature insulation products on the basis of applications, operating temperature, and geography; forecasting the revenues and consumption volume and analyzing the trends in each of the following submarkets:
On the basis of applications:
Petrochemicals, glass, cement, ceramics, iron and steel, refractory, powder metallurgy, and other applications such as aerospace and solar equipment
On the basis of operating temperature range:
1,0000 C - 1,1500 C; 1,1500 C - 1,3000 C; 1,3000 C - 1,5000 C; 1,5000 C - 1,7000 C; Above 1,7000 C
On the basis of geography:
- North America (U.S., Canada, and Mexico)
ROW (South America, Russia, Australia, South Africa and other countries not covered in the above three categories)
Key questions answered
- Which are the high-growth segments and how is the market segmented in terms of applications, products, services, ingredients, technologies, stakeholders?
- What are market estimates and forecasts; which markets are doing well and which are not?
- Where are the gaps and opportunities; what factors are driving market growth?
- Which are the key playing fields and winning-edge imperatives?
What is the competitive landscape; who are the main players in each segment; what are their strategic directives, operational strengths, key selling products, and product pipelines? Who is doing what?
The intended audience of this report includes:
- High temperature insulation manufacturers
- End consumers such as petrochemicals, glass, cement, iron and steel manufacturers
- R&D (research and development) institutions
- Raw material suppliers
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Major Company Profiles:
1. 3m Co
2. Adl Insulflex Inc
3. Almatis Gmbh
4. Bnz Materials, Inc.
5. Cellaris Ltd
6. Cotronics Corp.
7. Dyson Group Plc
8. Ets Schaefer Corp
9. Hi-Temp Insulation, Inc.
10. Insulcon Group
11. Isolite Insulating Products Company Ltd
12. M.E. Schupp Gmbh
13. Mitsubishi Plastics, Inc.
14. Pacor Inc.
15. Par Group
16. Prairie Ceramic Corp.
17. Promat International Nv
18. Pyrotek Inc
19. Rath Inc. (Usa)
20. Rhi Ag
21. Sheffield Refractories Ltd
22. Skamol A/S
23. Morgan Thermal Ceramics Plc
24. Uniceram Advanced Materials Inc
25. Unifrax I Llc
26. Worbo Inc
27. Zircar Products Inc. (Zircar Refractory Composites Inc)
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