Market revenue in 2021 | USD 229.4 million |
Market revenue in 2030 | USD 306.3 million |
Growth rate | 3.3% (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 |
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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 65.13% in 2021. Horizon Databook has segmented the UK 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 the UK is expected to grow over the forecasted period owing to the rapidly growing demand for energy in the country. This can be attributed mainly due to factors such as growing population, rapid industrialization, expansion of manufacturing capacities, and growing demand from the healthcare sector.
In addition, the market growth is expected to be supported by large investments by the government toward the development of clean energy generation systems. For instance, zero carbon & bio waste accounted for about 25% of the country’s energy generation in 1990, which had grown to about 57%.
The growing environmental regulations related to heat emissions and carbon footprint of glass manufacturing industries are expected to drive product demand. The manufacturing process of glass involves the transformation of raw glass into molten form at high temperatures (1500°C), which is later remolded into the desired form.
Horizon Databook provides a detailed overview of country-level data and insights on the UK high temperature insulation market , including forecasts for subscribers. This country databook contains high-level insights into UK high temperature insulation market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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