High Temperature Insulation Materials Market - Forecast(2023 - 2028)

High Temperature Insulation Materials Market Overview

High Temperature Insulation Materials Market size is forecast to reach US$8,414.5 million by 2026, after growing at a CAGR of 7.2% during 2021-2026. The change in the trend of replacing furnaces with ceramic fibers with kilns and asbestos will boost the development of the high temperature insulation materials industry. In the fire safety industry, powder metallurgy, solar equipment, and aerospace industries high temperature insulation materials such as calcium silicate, ceramic fibers, polycrystalline fiber, mineral wool, insulating firebricks are also widely used to enhances market growth. Growing concerns about energy savings and greenhouse gas emissions across different countries lead to the development of new production facilities which use high temperature insulation materials such as calcium silicate, polycrystalline fiber, mineral wool, ceramic fibers, and insulating firebricks and thereby increase demand the global.

High Temperature Insulation Materials Market COVID-19 Impact

The pandemic of COVID-19 has had an immediate effect on the global economy, affecting all sectors, including mining. Some delays, due to the COVID-19 pandemic and related contingencies, have occurred in underground development and stope preparation in the mining projects. Also, various governments have imposed total lockdown in various countries, owing to which the power generation and mining projects are under suspension, which is heavily affecting the high-temperature insulation materials market. According to Mexico's mining chamber, the mining output in the country is likely to fall by around 17% in 2020. Besides, the mining operations have been affected through isolated outbreaks and government-mandated shutdown, which is limiting the high temperature insulation materials market growth during the pandemic.

Report Coverage

The report “High Temperature Insulation Materials Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the high temperature insulation materials industry.

By Temperature Range: Temperature Range 600-1,100 C, Temperature Range 1100-1500 C, Temperature Range 1,500-1,700 C, and Temperature Range 1,700 C and Above.
By Material Type: Ceramic Fibers, Firebrick, Mica, Fiberglass, Polycrystalline Fiber, Microporous, Aerogel, Super Wool, Mineral Wool, and Others.
By Application: Industrial Processing Equipment, Circuit Boards, Medical Devices, Turbines, Boilers & Furnaces, and Others.
By End-Use Industry: Power Generation, Mining, Oil and Gas, Transportation, Electrical & Electronics, Industrial, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

Key Takeaways

• Asia-Pacific dominates the high temperature insulation materials market, owing to the increasing electrical & electronics industry in the region. According to Invest India, from 1.3 percent in 2012 to 3 percent in 2018, India's share of global electronics manufacturing has increased.
• The high-temperature insulation materials solutions provide assurance and ensure safety in situations where extreme conditions are frequently a normal operating environment in aerospace and automotive industries and other specialized transportation sectors, including the military.
• The rising need for limiting emission and improving energy efficiency has prominently driven the high temperature insulation materials market and also further, rising industrialization across the globe is supplementing the demand for high temperature insulation materials.
• In recent time insulation material production was severely affected due to the temporary shutdown of industries and production facilities because of the COVID-19 pandemic. Companies saw continued supply disruption, cost escalation, and product delivery delays in the pandemic. In the midyear, the sector was likely hampered by global demand.

Figure: Asia-Pacific High Temperature Insulation Materials Market Revenue, 2020-2026 (US$ Million)

High Temperature Insulation Materials Market Segment Analysis – By Temperature Range

Temperature range 1100-1500 C segment held the largest share in the high temperature insulation materials market in 2020. Temperature-intensive applications require the usage of high temperature insulation (HTI) materials to minimize heat transfer, protect equipment from heat exposure, lower energy utilization, and reduce greenhouse gas emissions. A wide range of fiber insulations is utilized in high temperature insulation applications, with varying properties such as density, form, flexibility, and fiber chemical composition. High Temperature insulation materials work as effective thermal insulation materials with temperatures of 1100-1500 C. High temperature insulation wool (HTIW), alternatively called kaowool, is a type of synthetically produced mineral wool that is resistant to temperatures 1100-1500 C. It is typically employed in high temperature industrial applications and processes due to its high production cost along with limited availability, as compared to mineral wool. Fibers, which are synthesized from mineral raw materials, with different diameters and lengths are accumulated during the production of HTWI. Amorphous alkaline earth silicate wool (AES), polycrystalline wool (PCW), and aluminosilicate wool (ASW) are categorized into the types of HTWI.

High Temperature Insulation Materials Market Segment Analysis – By Material Type

The ceramic fibers segment held the largest share in the high temperature insulation materials market in 2020. Due to its excellent insulating properties, low thermal conductivity, excellent thermal shock resistance, low heat storage capacity & inorganic (smoke-free) it is used for various applications such as in furnace kiln, reformer and boiler lining, laboratory ovens, furnace door lining, and seals, reusable steam and gas turbine insulation, high temperature gaskets, fire protection & acoustical service. Ceramic Fiber is an insulating material that is used for applications where between 650°C and 1430°C thermal insulation is needed. It consists of long, flexible, and combined woven fibers. Ceramic fiber generally consists of three elements i.e., silica, alumina, and zirconium. Its high thermal shock resistance makes it suitable for applications where traditional refractories cannot be used. Owning to its ability to provide thermal insulation up to 1430°C in technical insulation, it provides energy saving in industrial use. It is capable of excellent sound and fire insulation as well as High Temperature insulation.

High Temperature Insulation Materials Market Segment Analysis – By Application

The industrial processing equipment sector held the largest share in the high temperature insulation materials market in 2020 by growing at a CAGR of 7.2% in terms of revenue during the forecast period from 2021-2026. The components within industrial processing equipment are crucial to ensure successful operation. One of the most important components is High-Temperature insulation materials such as calcium silicate, polycrystalline fiber, mineral wool, ceramic fibers, and insulating firebricks. High temperature insulation materials are required within industrial processing equipment to ensure uniform heating and that little heat is lost. High temperature insulation material is useful for industrial processing equipment applications that require insulation in unique geometries as it can be molded to fit exact specifications. It has low thermal conductivity; low heat storage and is resistant to thermal shock and corrosion. It can be used in temperatures of up to 2300oF. The rising outbreak of COVID-19 has already impacted the global supply chain for industrial processing equipment and has disrupted the production operations, which affect the market growth.

High Temperature Insulation Materials Market Segment Analysis – By End-Use Industry

The industrial sector held the largest share in the high temperature insulation materials market in 2020 by growing at a CAGR of 6.8% in terms of revenue during the forecast period from 2021-2026. In the cement and glass industries, High Temperature insulation materials such as calcium silicate, ceramic fibers, polycrystalline fiber, mineral wool, and insulating firebricks provide essential support for continuous process with specialized high temperature insulation solutions. High temperature insulation materials help the cement and glass industries to reduce their energy consumption, emissions, and operating costs while supporting the continual improvement of their processes. This industry typically operates in extremes, having to ensure consistency of production and safe processes in harsh environments. High temperature insulation materials are an installation necessity for protecting and enabling flow while keeping operations safe at all times. Microporous-based insulation products are lightweight but with superior strength, with exceptional resistance to high temperatures and mechanical stress in the industrial segment.

High Temperature Insulation Materials Market Segment Analysis – By Geography

Asia-Pacific dominated the high temperature insulation materials market with a share of 46% in terms of revenue in 2020 and is projected to dominate the market during the forecast period 2021-2026. In China, ceramic fiberboard is used as a high temperature insulation material processed with alumina-silica fibers for application at temperatures up to 1430C. In aircraft interiors, high temperature insulation also includes high-performance thermal management systems that maintain consistent operating temperatures or provide a fire barrier. Mica’s unique properties as a thin, durable insulation material with excellent electrical resistance make it ideally suited for a variety of aerospace applications in China. According to the International Trade Administration, in 2018, China's civil aviation transportation turnover reached 121 billion ton-kilometers; passenger traffic for 2018 reached 610 million passengers. Also, according to China’s 13th Five Year Plan, by 2020, China is estimated to have more than 4,500 civil aircraft. The top three Chinese airlines-Air China, China Southern, and China Eastern-are already among the top 10 passenger carriers in the world. At the end of 2018, China's number of civil airports increased to 235 and China plans to have more than 260 civil airports by 2020.

High Temperature Insulation Materials Market Drivers

Growing Adoption Across Various Industry Verticals

There are various high temperature insulation products such as calcium silicate, polycrystalline fiber, mineral wool, ceramic fibers, insulating firebricks, and more. The petrochemical industry must comply with increasingly stringent international standards and regulations aimed at reducing and regulating emissions, pollution, and environmental degradation. The petrochemical industry carries out certain processes that are integral to its operations and must be protected from the hazardous incident. In these various processes, hazardous chemicals need handling and movement through the use of process pipes. It is estimated that 30 billion barrels are consumed globally each year, primarily by developed nations. Oil also accounts for a significant percentage of energy consumption regionally from 32% for Europe and Asia, 40% for North America, 41% for Africa, 44% for South, and 53% for the Middle East. Safety is a paramount priority when it comes to commercial air travel, so is the incorporation of high temperature insulation material in aircraft. In the Aerospace industry, Mica material is preferred for high temperature insulation because it is both lightweight and strong, alongside its superior insulation and thermally resistant qualities. Mica roll laminates insulate aircraft ducting and tubing, as well as mica providing essential parts for aircraft builds. The growing consumption in the end-use industry will augment the market of high temperature insulation materials. 

Innovation and Technological Advancement Have Enabled the Emergence of Several Refractory Products with Long-Lasting and Efficient Features

The high temperature insulation material industry has developed mass insulations that inhibit conduction, reflective insulation materials that inhibit radiant heat transfer, and even insulations that use vacuum technology to avoid conduction. Nanoparticle technology is also used to produce highly efficient insulation materials. Some of the world's largest companies have invested in ongoing projects to develop state-of-the-art insulation technology. According to EEA and Norway Grants, the Collaboration University of Latvia and Riga Technical University is developing new unique heat insulation material. The material would have a variety of advantages compared to current analogs, including lower thermal conductivity, the likelihood of isolating areas that are difficult to reach, durability, and competitive quality. 

High Temperature Insulation Materials Market Challenges

Bio-based Insulation Material can Restrict the Market Growth of Conventional Insulation Material

The bio-based insulation materials have been originated as a replacement for conventional materials in many cases without loss of thermal performance. The heat insulation efficiency of bio-based insulation materials can compare with mineral or fossil-based materials such as rock wool, glass wool, and polystyrene. Bio-based materials have 20% better insulation properties than conventional materials like fiberglass. Further, the raw material for bio-based insulation is originated from natural feedstock, the insulation material can reduce 50% of embodied energy. The technological output of a range of renewable insulation materials, such as cellulose and hemp, flax, kenaf, and cotton fibers, is equivalent to that of the mineral benchmarks. The other factors such as its functionality to accumulate and conduct moisture can contribute to a balanced indoor climate throughout the year. It is especially important for people with respiratory disorders, asthma, atopic dermatitis, for whom excessive indoor humidity is very important. Thus, making it suitable insulation material over conventional one.

High Temperature Insulation Materials Impact on Environment and Health Can Restrict the Market Growth

Insulation is a commonly used product across various industries. The processing use and disposal of insulation are correlated with a range of positive and negative environmental impacts. The most significant environmental issue associated with insulation manufacture in recent years has been the use of harmful foaming agents. Foam plastic insulation materials such as polystyrene, polyurethane, and polyisocyanurate are important for building energy efficiency and carbon footprint reduction. However, potentially harmful flame retardants are used to help foam plastic insulation to meet the flammability test. It is a concern as it has been associated with neurological and developmental damage, endocrine disturbance, and possible carcinogenicity. In general, fiber insulation materials such as cellulose, fiberglass, mineral wool, cotton have lower environmental impacts associated with their manufacture than foam plastic insulation materials, although they usually do not offer as high per inch R-values. If the insulation thickness is not unduly restricted, specify the fiber insulation.

High Temperature Insulation Materials Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the High Temperature Insulation Materials Market. Major players in the High Temperature Insulation Materials Market are Morgan Advanced Materials Plc, Luyang Energy-Saving Materials Co., Ltd., 3M, Etex Group, Isolite Insulating Products Co. Ltd., Pyrotek Inc., Zircar Ceramics, Inc., Dyson Technical Ceramics Ltd., BNZ Materials, Inc., and Rath Group among others.

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