Europe High Temperature Insulation Market Size & Outlook
Europe high temperature insulation market, 2017-2030 (US$M)
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Europe high temperature insulation market highlights
- The Europe high temperature insulation market generated a revenue of USD 1,288.2 million in 2021.
- The market is expected to grow at a CAGR of 4.2% 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.
- Country-wise, France is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 1,288.2 million |
| Market revenue in 2030 | USD 1,868.4 million |
| Growth rate | 4.2% (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, Europe region accounted for 20.3% 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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Europe 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 64.95% in 2021. Horizon Databook has segmented the Europe 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 European high temperature insulation market is expected to grow over the forecasted period. This can be attributed to the growing trend of industrialization in the region, coupled with various initiatives by the European Union (EU) for increasing energy-efficiency of industries.
According to data published by the European Commission under the 2020 EU Industrial R&D investment scoreboard, EU countries invested a total of about USD 228.54 billion on R&D in 2019. Several European countries such as Germany, Italy, Sweden, and Norway are providing energy-saving subsidies or rebates to industrial players for the usage of high temperature insulation.
Thus driving the demand for high temperature insulation materials over the coming years. Furthermore, market growth is expected to be driven by strict regulations by the EU regarding the usage of insulation materials under the Green Public Procurement (GPP) instrument, boosting the sales of energy-efficient and environmentally safe insulation materials.
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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 continent-level data and insights on the Europe high temperature insulation market , including forecasts for subscribers. This continent databook contains high-level insights into Europe high temperature insulation market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe high temperature insulation market size, by country, 2017-2030 (US$M)
Europe High Temperature Insulation Market Outlook Share, 2021 & 2030 (US$M)
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