High Temperature Insulation Materials Market

Key Players focusing on Mergers & Acquisitions to Enhance their Production Capabilities and Strengthen their Presence in the High Temperature Insulation Materials Market

The high temperature insulation materials market is projected to reach USD 5.13 Billion by 2021, at a CAGR of 8.3% between 2016 and 2021. Increasing investments in high temperature insulation materials and expansion of key end-use industries are factors driving the growth of the high temperature insulation materials market. In addition, the increasing need for energy savings, declining production costs, and growing concerns over greenhouse gas emissions have propelled the demand for high temperature insulation materials across varied end-use industries.

Manufacturers of high temperature insulation materials are focused on new product development to cater to their growing demand in emerging economies. From 2011 to 2016, expansion was the key growth strategy adopted by high temperature insulation material manufacturers; this strategy accounted for a share of 43% of all growth strategies adopted by companies in the high temperature insulation materials market. Furthermore, companies have also been focusing on new product launches to enhance their share in the high temperature insulation materials market. New product launches accounted for a share of 35% of all development activities undertaken by companies between 2011 and 2016. Companies are also focusing on mergers & acquisitions to enhance their production capabilities and strengthen their presence in the high temperature insulation materials market. The strategy of mergers & acquisitions accounted for a share of 20% of all development activities in the high temperature insulation materials market during the time period mentioned above.

European producers were the most active in terms of strategic initiatives from 2011 to 2016. European companies such as Morgan Thermal Ceramics Plc (U.K.), Etex Group (Belgium), RHI AG (Austria), and Almatis GmbH (Germany) have undergone expansions, mergers & acquisitions, and new product launches to expand their production capacities and widen their product portfolios.

Major manufacturers of high temperature insulation materials such as Morgan Thermal Ceramics Plc (U.K.), Etex Group (Belgium), RHI AG (Austria), Luyang Energy-Savings Materials Co., Ltd. (China), 3M Company (U.S.), Isolite Insulating Products Co., Ltd. (Japan), Unifrax I LLC (U.S.), Mitsubishi Plastics Inc. (Japan), Almatis GmbH (Germany), and Dyson Group Plc (U.K.) are profiled in this report. Morgan Thermal Ceramics Plc is the most active player in the high temperature insulation materials market. As part of its growth strategy, the company has focused on developing new products made of high temperature insulation materials. Another key player that has established a strong foothold in the high temperature insulation materials market is Unifrax I LLC (U.S.). The company focuses on investing in mergers & acquisitions and new product launches to develop innovative products and new technologies.

Related Reports:

High Temperature Insulation Materials Market by Type (Ceramic Fibers, Insulating Firebricks, Calcium Silicate), Temperature Range (600°C-1100°C, 1100°C-1500°C, 1500°C-1700°C, and 1700°C & Above), End-Use Industry, Region - Global Forecast to 2021

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Report Code
CH 2849
Published ON
Feb, 2017
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