Australia High Temperature Insulation Market Size & Outlook
Australia high temperature insulation market, 2017-2030 (US$M)
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Australia high temperature insulation market highlights
- The Australia high temperature insulation market generated a revenue of USD 73.0 million in 2021 and is expected to reach USD 143.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.8% 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.
High temperature insulation market data book summary
| Market revenue in 2021 | USD 73.0 million |
| Market revenue in 2030 | USD 143.5 million |
| Growth rate | 7.8% (CAGR from 2021 to 2030) |
| Largest segment | Ceramic fiber |
| Fastest growing segment | Ceramic Fiber |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Australia accounted for 1.2% of the global high temperature insulation market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China high temperature insulation market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 143.5 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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Australia 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 65.48% in 2021. Horizon Databook has segmented the Australia 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 Australia high temperature insulation market is expected to witness significant growth over the forecasted period, owing to rapid growth in key industries such as metals & mining, and energy & utility, minerals, and uranium processing.
In addition, stringent government regulations for industrial energy efficiency such as Greenhouse and Energy Minimum Standards Act 2012 (GEMS Act), is expected to drive market growth. Rapidly growing energy demand, owing to factors such as population growth, and industrialization trends in the country, is expected to drive market growth.
In addition, rising adaption of alternative energy sources to fossil fuels, such as solar, wind, hydro, and geothermal is expected to drive market growth. As per reports by Department of Industry, Science, Energy and Resources, renewable sources accounted for about 21% of energy generation in 2019, which is an increase of more than 12% as compared to 2018.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia high temperature insulation market , including forecasts for subscribers. This country databook contains high-level insights into Australia high temperature insulation market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Australia high temperature insulation market size, by product, 2017-2030 (US$M)
Australia High Temperature Insulation Market Outlook Share, 2021 & 2030 (US$M)
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