Market Challenges And Opportunities

Market Dynamics

Increasing focus of various industries on energy conservation is expected to boost growth of the global high temperature insulation materials market. Moreover, stringent government regulations to mitigate greenhouse gas emission is also expected to contribute to the market growth. Various industries focus on emission control and fire protection by using high temperature insulation materials. Fiberlgass is used for both hot and cold side insulation in the temperature range 600 degree F to 1,000 degree F. Ceramic is used for the temperature range 1800 degree F to 2200 degree F.

Key players in the market are also focused on research and development of novel materials for higher thermal resistance and lower operational costs. This is expected to aid market players to boost their market share, thereby aiding in overall market growth.

However, stringent regulations concerning the use of ceramic fibers, owing to their carcinogenic nature is expected to restrain growth of the high temperature insulation market.