HIGH TEMPERATURE INSULATION MATERIALS MARKET ANALYSIS

Regional Analysis

Market Outlook

Among products, ceramic fibers are expected to gain major traction, owing to their low density, low thermal inertia, and low thermal conductivity. Among regions, Asia Pacific is projected to be the fastest growing market over the forecast period. This is owing to significant growth of several industries that require high temperature insulation materials for various applications. Petrochemicals is a major end-use industry in the market. Therefore, Middle East is expected witness significant growth in the market, owing to presence of major petrochemical industries in the region. The market in Europe is also driven by presence of large number of petrochemical industries in Western Europe. Stringent EU regulation regarding energy conservation is also expected to boost the market growth.