High temperature insulation is an insulation material used in various applications in several end-user industries to prevent heat loss, energy consumption and reduce greenhouse gas emissions. Major end-user industries for HTI include petrochemicals, ceramics, glass, aluminum, cement, iron & steel, refractory, powder metallurgy, and others. Steady economic growth, rapid pace of industrialization, rising environmental concerns and reducing energy consumption to cut down manufacturing cost to stay competitive remain the key driving forces in the market.
Region-wise, Asia-Pacific is the biggest consumer of HTI products, followed by Europe and North America respectively. However South America is leading the global market in terms of growth both in terms of value and volume. It is expected to grow at a CAGR of 11.2% and 10.9% respectively in terms of value and volume. Africa is expected to follow South America in terms of growth. Growth in Asia-Pacific is led by rapid industrialization in economies such as India and China. Due to the region’s favorable prospects, several companies are expanding in Asian countries to benefit from the low-cost structures and growing local demand for the end products. Petrochemicals represent the largest end-use market for HTI.
The report analyzes the global HTI market trends and forecasts till 2019. The market size has been provided in terms of market volume (KT) and value ($million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered recent developments, and company strategy.
Complete report is available @ http://www.reportsnreports.com/reports/158453-high-temperature-insulation-market-hti-application-petrochemicals-glass-ceramics-and-others-and-temperature-range-global-trends-forecasts-2011-2016-.html .