Latin America High Temperature Insulation Market Size & Outlook
Latin America high temperature insulation market, 2017-2030 (US$M)
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Latin America high temperature insulation market highlights
- The Latin America high temperature insulation market generated a revenue of USD 264.1 million in 2021.
- The market is expected to grow at a CAGR of 4.9% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 264.1 million |
| Market revenue in 2030 | USD 404.7 million |
| Growth rate | 4.9% (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, Latin America region accounted for 4.2% 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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Latin America 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 63.65% in 2021. Horizon Databook has segmented the Latin America 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 Central & South America is expected to grow significantly over the forecasted period owing to its wide usage in several end-use industries such as cement, steel, chemicals, automobile parts manufacturing, ceramics, and energy generation.
Emphasis on the usage of renewable energy sources such as hydro, wind, biomass, and geothermal for power generation is expected to boost market growth over the coming years. In addition, subsidy initiatives by governments in the region, leading to decreased cost for solar and wind power equipment, is expected to boost the demand for high temperature insulation over the coming years.
The growth of the high temperature insulation market in the region is expected to be hampered by the outbreak of the COVID-19 pandemic in 2020. Major countries in the region such as Brazil, Argentina, Colombia, and Peru have been badly hit by the pandemic, with rapidly increasing number of cases and high mortality rate.
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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 Latin America high temperature insulation market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America high temperature insulation market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America high temperature insulation market size, by country, 2017-2030 (US$M)
Latin America High Temperature Insulation Market Outlook Share, 2021 & 2030 (US$M)
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