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High temperature insulation market will generate admirable revenue by 2024

Author : Rahul Varpe | Published Date : 2019-08-07 

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. Following are a few instances of the vigorous initiatives pertaining to R&D in the worldwide high temperature insulation market:

In an endeavor to pinpoint a solution to store surplus renewable power generated when the requirement is low, a team of researchers from the Massachusetts Institute of Technology (MIT) rediscovered the potential of firebricks. These firebricks are said to tolerate high temperatures and preserve heat for a longer duration when insulated. In what is being described as a reinvention of an ancient technology that can be utilized in the modern-era, the researchers have dubbed their latest finding as FIRES (Firebrick Resistance-heated Energy Storage)

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If recent news reports are to be believed, the researchers at Tsinghua University in collaboration with subject experts of Brown University have developed a sponge-like material that has an extraordinary resilience to withstand a temperature of 800 degree Celsius and can rebound after straining up to 50 percent. It is being said that such the existing ceramic insulation materials are bereft of such unique properties. Furthermore, the material has demonstrated an excellent ability for high temperature insulation which makes it one of the most ideal products of high temperature insulation market.

Significant players of this market are 3M, Hi-Temp Insulation, Cabot Corporation, and BASF SE among other.

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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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