China High Temperature Insulation Market Size & Outlook
China high temperature insulation market, 2017-2030 (US$M)
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China high temperature insulation market highlights
- The China high temperature insulation market generated a revenue of USD 1,885.5 million in 2021 and is expected to reach USD 3,525.9 million by 2030.
- The China market is expected to grow at a CAGR of 7.2% 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 1,885.5 million |
| Market revenue in 2030 | USD 3,525.9 million |
| Growth rate | 7.2% (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, China accounted for 29.8% 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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China 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 62.46% in 2021. Horizon Databook has segmented the China 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 China is expected to witness significant growth over the coming years, owing to its wide usage in several end-use industries such as iron & steel, ceramics, and cement. In addition, China’s global dominance in these industries is expected to drive market growth.
As per data published by the International Energy Agency (IEA), China accounted for about 60% of the global cement production in 2019. Furthermore, as per world steel, China’s the country’s share is in the global crude steel production was about 53% in 2019.
In addition, high large investments by the government investment on the construction of large solar power plants, such as the “Panda Power Plant”, with a capacity of 100 MW in June 2019, are, is expected to drive market growth.
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Target buyers of China 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the China high temperature insulation market , including forecasts for subscribers. This country databook contains high-level insights into China high temperature insulation market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China high temperature insulation market size, by product, 2017-2030 (US$M)
China High Temperature Insulation Market Outlook Share, 2021 & 2030 (US$M)
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