Insulation is a combination of materials used to conserve energy by preventing heat flow. An insulation should be able to reduce or prevent damage to equipment from corrosion or from fire exposure, and increase the operating efficiency of industrial installation systems such as cooling/heating, ventilating, plumbing, power, and process.
Thermal insulation materials are used to restrict the transfer of heat energy between two ends of differing temperatures. Heat energy always flows from the high temperature end to low temperature end. Heat energy in the form of electromagnetic waves flows between objects in a range of radiative influence. Thermal insulation materials provide insulation in which the radiative heat is reflected or heat conduction is reduced rather than being absorbed.
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Temperature-intensive applications require the usage of high temperature insulation (HTI) materials in order to minimize heat transfer, protect equipment from heat exposure, lower energy utilization, and reduce greenhouse gas emission. A wide range of fiber insulations are utilized in HTI applications, with varying properties such as density, form, flexibility, and fiber chemical composition. HTI materials work as effective thermal insulation materials with temperatures of 1000°C or above.
High-temperature insulation wool (HTIW), alternatively called kaowool, is a type of synthetically produced mineral wool that is resistant to temperatures above 1000°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 alumino silicate wool (ASW) are categorized into the types of HTWI.
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HTI materials provide numerous advantages such as resistance to high temperature and thermal shocks, low thermal conductivity, and environmental and cost benefits. These factors have been driving the global HTI materials market for the last few years. HTI materials play an important role in the reduction of energy consumption and emissions in different high temperature processing applications. Furthermore, growth in industrial and manufacturing production is anticipated to exhibit positive outlook, in spite of imminent economic challenges. These factors are anticipated to provide ample growth opportunities for the global HTI materials market.
Extensive implementation of HTI materials in industries such as petrochemical, cement, and metals manufacturing is estimated to act as a major driver for the market. Stringent environmental regulations in these industries is likely to further boost the market. The expansion of the market in the near future is also projected to be driven by the increasing global focus on energy efficiency against a backdrop of depleting fossil fuel resources, rising focus on green energy, and emphasis on curbing environmental pollution and climate.
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In terms of region, the global HTI materials market can be divided into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. Europe dominates the global market in terms of market share, followed by North America. The market in these regions is well developed, whose further growth is ascribed by the increasing government initiatives to redevelop the manufacturing sector. This is due to the ability of the manufacturing sector to drive the economic growth and capacity of recovery. Asia Pacific is leading prominent region for the HTI materials markets, due to increasingly developing economies, robust production activities across major end-user industry applications, and improving environmental regulations and laws in the region. Latin America is anticipated to exhibit higher growth potential in the global HTI materials market.
Key players operating in the high temperature insulation (HTI) materials market include 3M, ADL Insulflex Inc., Isolite Insulating Products Co. Ltd., Mitsubishi Plastics Inc., Morgan Thermal Ceramics, Pacor Inc., Promat International, Microtherm N.V., Pyrotek Incorporated, Skamol A/S, Unifrax LLC, and Zircar Ceramics, Inc.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
