Asia Pacific High Temperature Insulation Market Size & Outlook
Asia Pacific high temperature insulation market, 2017-2030 (US$M)
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Asia Pacific high temperature insulation market highlights
- The Asia Pacific high temperature insulation market generated a revenue of USD 3,192.1 million in 2021.
- The market is expected to grow at a CAGR of 6.7% from 2022 to 2030.
- In terms of segment, ceramic fiber was the largest revenue generating product in 2021.
- Ceramic Fiber is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 3,192.1 million |
| Market revenue in 2030 | USD 5,729.4 million |
| Growth rate | 6.7% (CAGR from 2021 to 2030) |
| Largest segment | Ceramic fiber |
| Fastest growing segment | Ceramic Fiber |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramic Fiber, Insulating Firebrick, Calcium Silicate |
| Key market players worldwide | 3M Co, Morgan Advanced Materials PLC, Almatis, Aspen Aerogels Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 50.4% of the global high temperature insulation market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,091.6 million by 2030.
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High Temperature Insulation Market Scope
High Temperature Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific high temperature insulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to high temperature insulation market will help companies and investors design strategic landscapes.
Ceramic fiber was the largest segment with a revenue share of 63.16% in 2021. Horizon Databook has segmented the Asia Pacific high temperature insulation market based on ceramic fiber, insulating firebrick, calcium silicate covering the revenue growth of each sub-segment from 2017 to 2030.
The high temperature insulation market in Asia Pacific is expected to witness significant growth over the forecast period owing to rapid urbanization and industrialization trends in key developing countries including India, South Korea, Thailand, the Philippines, Malaysia, and Indonesia.
The demand for the product is expected to rise in the coming years in countries such as China, Japan, and Australia owing to growing emphasis and regulations regarding optimized usage of energy, to reduce the emissions of greenhouse gases, and reduce carbon footprint.
The growth of the high temperature insulation market is expected to be hampered by the global outbreak of the COVID-19 pandemic in 2020. Major countries in the region such as China, India, Indonesia, and Japan have been severely affected by the pandemic.
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Target buyers of Asia Pacific high temperature insulation market databook
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Our clientele includes a mix of high temperature insulation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific high temperature insulation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific high temperature insulation market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific high temperature insulation market size, by country, 2017-2030 (US$M)
Asia Pacific High Temperature Insulation Market Outlook Share, 2021 & 2030 (US$M)
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