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High Temperature Insulation Market By Regional Statistics & Growth Forecast 2019-2024

Author : Rahul Varpe | Published Date : 2019-08-02 

High temperature insulation market, one of the most pivotal sub-spheres of polymers and advanced materials sector, is likely to witness lucrative growth prospects over the forthcoming years. The surging demand for insulating materials across abundant end-use domains such as cement, aluminum, petrochemical, ceramics, iron and steel, and glass among others has left a tremendous influence on the overall high temperature insulation industry share, which commanded a total valuation of USD 3 billion in 2016.
 
Furthermore, the rising inclination toward utilizing temperature intensive applications which assist in energy conservation, heat transfer reduction, safeguarding materials from thermal impairment and need to constrain the detrimental impacts of global warming by lowering greenhouse gas emissions has, in turn, necessitated the incorporation of high temperature insulation products in these high temperature applications and systems. Apparently, as a consequence of all the aforementioned considerations, high temperature insulation market size is bound to expand at a rapid over the estimated time span.

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While elaborating further, it is quite imperative to take note of the recent research and development activities being undertaken across the globe to augment the existing product spectrum of high temperature insulation market. The persistent efforts being made by research scholars and scientists across various universities and research labs have provided a renewed vigor in accelerating the pace of product upgradation and enhancement, which has accentuated the swift expansion of high temperature insulation industry size worldwide. 

Speaking in the similar context, the leading high temperature insulation market players, of late, have been increasingly aiming to revamp the existing product landscape by launching upgraded and advanced versions of their insulation products. Concurrently, it would be prudent to mention the instance of the leading high temperature insulation industry giant, Johns Manville Industrial Insulation Group (IIG) which has recently unveiled the first water resistant, high temperature calcium silicate insulation material in North America, named as Thermo-1200™. 

The latest product, an updated variant of its predecessor, Thermo-12 Gold, would reportedly prove to be of immense benefit to the contractors as it will provide them with more time to install the insulation. Thermo-1200™ would prevent water to soak into the insulation and shield the freshly installed insulation from rainfall or moisture.

Apparently, it goes without saying that such innovative products equipped with better performance and quality shall compel the other high temperature insulation industry players to release enhanced versions of their products which would, in turn, impel the high temperature insulation market size progression. As per a recent study collated by Global Market Insights, Inc., high temperature insulation market is estimated to surpass a valuation of USD 4 billion by 2024.
 

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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