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Global High Temperature Insulation Market Worth USD 3,5 Billion by 2016

The global HTI market was valued at USD 2,47 billion in 2007. Next year the market grew by 10,6 % and reached to USD 2,73 billion in 2008. In 2009, the global economic crisis affected the number of projects across various industries which led to a fall in market by 16 % to USD 2,29 billion. In 2010, the market recovered and companies in high temperature insulation business recorded significant jump in their revenues. For instance, Morgan Crucible Plc reported a 12 % rise in their thermal ceramic division’s revenue which includes high temperature insulation products. In 2010 the overall high temperature insulation market surged by 9,6 % and reached to USD 2,51 billion. In 2011, the market jumped again by 7,8 % to USD 2,9 billion and the similar growth is expected in next year. The high temperature insulation market is forecasted to reach USD 3,5 billion by 2016 at a compounded annual growth rate of 5,4 % in next five years. Europe is the largest consumer of HTI products with 40 % market share in 2011 followed by North America with 35 % share. Great Britain-based Morgan Thermal Ceramics and US-based Unifrax are the largest manufacturers of HTI products and together constitute one third of the market. The report «High Temperature Insulation Market by Application (petrochemicals, glass, ceramics, and others), and Temperature Range – Global Trends & Forecasts (2011 – 2016)» segments the HTI market by application, temperature range, and geography. It also focuses on market share analysis, and market metrics like drivers, restraints and opportunities. With more than 80 market data tables/figures, it breaks and forecast the market in every possible way (Source: MarketsandMarkets; 5/2012).

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