Global High Temperature Insulation (HTI) Materials Market 2015-2019
About HTI Materials
HTI products are used for application requiring high temperature, which is more than 1,000 c. The major function of HTI products is to conserve energy by reducing heat loss, controlling surface temperature, increasing operating efficiency of ventilation and reducing or preventing the damage of equipment. HTI products comprise of two major products: ceramic fiber and IFB. The key end-users of HTI products are Petrochemical, Ceramic, and Aluminum sectors.
TechNavio's analysts forecast the Global HTI Materials market to grow at a CAGR of 6.44 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global HTI Materials market for the period 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue generated from the sales of HTI materials.
TechNavio's report, the Global High Temperature Insulation (HTI) Materials Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global HTI Materials market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global HTI Materials Market 2015-2019
Technavio recognizes the following companies as the key players in the Global HTI Materials Market: Isolite Insulating Products, Morgan Thermal Ceramics, Promat International, Pyrotek, Skamol, Unifrax and Zircar Fibrous Ceramics
Other Prominent Vendors in the market are: ADL Insulflex, Almatis, BNZ Materials, Cotronics, Dyson Group, High-Temp Insulation, Insulcon Group, M.E. Schupp Industriekeramik, Mitsubishi Plastics, RHI and Shandong Luyang
Commenting on the report, an analyst from Technavio’s team said: “One key trend emerging in the market is the development of bio-based insulation materials that are used to reduce global warming effects. They have the ability to buffer heat and moisture, an effect which is most evident in dynamic situations.”
According to the report, the growth of the re-insulation market in developed nations is one key factor driving the market. Most industrial buildings in the US and Europe are being renovated and refitted with new insulation materials.
Further, the report states that lack of awareness of the benefits obtained by insulating is a key challenge that the market faces. Many construction companies in developing countries avoid insulating buildings to reduce the overall cost of construction, especially in India and China.
Morgan Thermal Ceramics, Pyrotek , Promat , Skamol , Unifrax , Zircar Fibrous Ceramics, ADL Insulflex, Almatis , BNZ Materials , Cotronics , Dyson Group , High-Temp Insulation , Insulcon Group, Isolite Insulating Products , M.E. SchuppIndustriekeramik , Mitsubishi Plastics , Promat, RHI, Shandong Luyang