In a recent published report, Kenneth Research has updated the market report for High Temperature Refractory Insulation Material Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for High Temperature Refractory Insulation Material Market products.
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10094844
A report on High Temperature Refractory Insulation Material Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021.
On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of Global High Temperature Refractory Insulation Material Market by Value (USD Million). The report has further analysed the High Temperature Refractory Insulation Material Market by Material Type (Ceramic Fibers, Insulating Fire Bricks, Calcium Silicate, Others) and by End Users (Petrochemical, Iron & Steel, Glass & Ceramics, Power, Others).The Global High Temperature Refractory Insulation Material Market has been analysed By Region (America, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Brazil, United Kingdom, Germany, France, China, Japan, India) for the historical period of 2014-2018 and the forecast period of 2019-2024.
The Final Report will cover the impact analysis of COVID-19 on this industry:
Download Sample of This Strategic Report:
https://www.kennethresearch.com/sample-request-10094844
The Global High Temperature Refractory Insulation Material Market was valued at USD 4.73 Billion in the year 2018. Key responsible factors for high demand of High Temperature Refractory Insulation Materials include product performance, durability and growing adoption in developed and developing countries. Refractories products have been finding its major applications in manufacturing process for steel, iron, glass, ceramics, metal and cement industries. Moreover, Iron & steel and glass & ceramics industries are anticipated to boost the market growth in the coming years owing to the growing applications.
Emerging trend for the high temperature refractory insulation material market is consolidation in the refractory manufacturing industry. In order to survive in the global market and successfully retain their competitive advantage, the currently existing refractory product manufacturers are inducing to consolidate their resources.
Additionally, the innovation and technological advancement has enabled the emergence of several refractory products with long lasting and efficient features. Rising concern for safety in the work place environment, backed with various advantages offered by these refractory products according to the temperature range and raw materials is also augmenting the market growth rate.
The major leading players like Morgan Advanced Materials and Etex Group with their businesses in high temperature insulation are focused on new product development to provide to their growing demand in emerging economies.
Scope of the Report
Global High Temperature Refractory Insulation Material Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Analysis by Material – Ceramic Fibers, Insulating Fire Bricks, Calcium Silicate, Others
• Analysis by End Users- Petrochemical, Iron & Steel, Glass & Ceramics, Power, Others
Regional High Temperature Refractory Insulation Material Market – America, Europe, Asia Pacific, ROW (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Analysis by Material – Ceramic Fibers, Insulating Fire Bricks, Calcium Silicate, Others
• Analysis by End Users- Petrochemical, Iron & Steel, Glass & Ceramics, Power, Others
Country Analysis – High Temperature Refractory Insulation Material Market – United States, Canada, Mexico, Brazil, United Kingdom, Germany, France, China, Japan, India (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Analysis by Material – Ceramic Fibers, Insulating Fire Bricks, Calcium Silicate, Others
• Analysis by End Users- Petrochemical, Iron & Steel, Glass & Ceramics, Power, Others
Other Report Highlights:
Market Attractiveness Charts – By Material, By End-User, By Region
Market Dynamics – Trends, Drivers, Challenges
Company Analysis – Morgan Advanced Materials, Unifrax Corporation, RHI Magnesita, Shinagawa refractories, Bnz Materials Inc., IBIDEN, Pacor Inc, Etex Group, Isolite Insulating Products Co, Ltd, Almatis GmbH
Get Complete Access of Study Report: https://www.kennethresearch.com/sample-request-10094844
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
Contact Us
Kenneth Research
Phone: +1 313 462 0609
Email: Sales@kennethresearch.com