Canada High Temperature Insulation Market Size & Outlook
Canada high temperature insulation market, 2017-2030 (US$M)
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Canada high temperature insulation market highlights
- The Canada high temperature insulation market generated a revenue of USD 95.8 million in 2021 and is expected to reach USD 149.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.1% 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 95.8 million |
| Market revenue in 2030 | USD 149.3 million |
| Growth rate | 5.1% (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, Canada accounted for 1.5% 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 North America, U.S. high temperature insulation market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 71.4 million by 2030.
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High Temperature Insulation Market Scope
High Temperature Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 63.57% in 2021. Horizon Databook has segmented the Canada 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 market for high temperature insulation materials in Canada is expected to grow significantly over the coming years owing to the development of sectors such as energy and manufacturing. Canada was ranked third in the global oil reserves index and accounted for about 10% of the world’s proven oil reserves in 2019.
This has fueled the oil & gas production in the country, thereby boosting the product demand for various applications in the oil & gas industry, including boilers, precipitators, furnaces, and ovens. High emphasis on employee safety during industrial operations is expected to drive the growth of the high temperature insulation market in the region.
Various regulatory bodies such as Workers Compensation Board, Work safe BC, Workplace Safety & Insurance Board, and Work safe NB have established strict protocols for injury at workplaces.
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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 Canada high temperature insulation market , including forecasts for subscribers. This country databook contains high-level insights into Canada high temperature insulation market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada high temperature insulation market size, by product, 2017-2030 (US$M)
Canada High Temperature Insulation Market Outlook Share, 2021 & 2030 (US$M)
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