DALLAS, March 13, 2015 /PRNewswire/ --
The report, "High Performance Insulation Materials Market by Type (Aerogel, Ceramic Fiber, Glass Bubble, and Others) and by Application (Oil & Gas, Construction, Automotive, Paints & Coatings, Industrial, and Others) - Global Trends & Forecasts to 2020", defines and segments the High Performance Insulation Materials Market with an analysis and forecast for types and applications by volume as well as value.
Browse 76 Market Data Tables and 49 Figures spread through 210 Pages and in-depth TOC on "High Performance Insulation Materials Market"
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"Asia-Pacific is the key market for high performance insulation materials"
North America dominated the High Performance Insulation Materials Market in 2014 and accounted for more than half of the global market. Country-wise, the U.S. is the top consumer of high performance insulation materials globally. China is the second-largest high performance insulation materials consumer in the world. The demand for the high performance insulation materials is driven by the diverse application markets ranging from oil & gas, construction, automotive, and industrial among others. Future growth in the international market hinges heavily onto recovering economies in Europe. The ensuing increase in investments and rise in the number of new manufacturing establishments is anticipated to witness Asia-Pacific emerge into a prime driver of growth for the high performance insulation materials market.
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"Oil & gas application to dominate the global high performance insulation materials market"
Oil & gas segment dominated the High Performance Insulation Materials Market with nearly more than half of the global market share in 2014. The increasing demand for advanced insulation materials for its critical applications is expected to sustain the growth for oil & gas segment of High Performance Insulation Materials Market between 2015 and 2020. The fastest growth rate till 2020 in the High Performance Insulation Materials Market is projected to come from automotive and construction segment. High performance insulation materials are used in the automotive segment as it provides several unparalleled benefits such as enhanced acoustic performance, thermal signature reduction for hot engine components and aircraft skins, lightweight thermal insulation for exhaust, impact damping, and fire protection.
"Aerogel materials projected to have the highest growth"
Aerogel had the largest market share in 2014 and is projected to dominate the global market by 2020. Factors such as its superior insulating properties, cheap and abundant raw material availability of silica aerogels, and its versatile process of manufacturing will continue to drive the growth for this segment in the global high performance insulation materials market. The major factors driving the market growth of ceramic fiber segment are the high efficiency and reduction in cost of production by deploying ceramic fiber in high temperature applications. The market of glass bubble segment is anticipated to grow on account of the increasing demand from the oil & gas and paints & coatings applications in the forecasted period.
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