Global Insulating Castable Market Overview:
Insulating Castable is referred to as a particular family of refractory castable. This category contains a high amount of refractory cement. It is commonly used as a contact layer in the petrochemical industry and secondary lining in process industries. This is intended to display low density and low thermal conductivity so as to keep heat energy and to reduce fossil energy consumption. Insulating castables generally contains lightweight aggregate such as expanded clay, fireclay, reclaimed material, expanded chamotte, bubble alumina, perlite.
As per latest study released by AMA Research, the Global Insulating Castable market is expected to see growth rate of 2.5%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Trend of Insulating Castable Materials for Energy Efficiency
Market Growth Drivers:
Insulating Castables are Lightweight, Low Density and Low Thermal Conductivity and Rising Demand from Various End-User Industries such as Construction and Petrochemical Industry
Challenges:
Many Contractors Moving Towards Raw Material Technologies Such as Crushed IFB
Restraints:
Insulating Castable Systems is Poor Flow and castables based on a gap sized aggregate distribution require intense vibration for consolidation and placement.
Opportunities:
Increasing Infrastructure of Petrochemical Industries in Developing Countries and Adoption of Lightweight Insulating Castable Is Trending the Market Demand
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market
Some of the key players profiled in the report are Universal Refractories & Allied Construction Co. (India), Imperial World Trade Pvt Ltd (India), Kerneos (France), Vitcas Ltd (United Kingdom), Skyline Components, LLC. (United States), Castree Kilns (United Kingdom), AGC Plibrico Co. (Japan), Resco Products, Inc. (United States), BNZ Materials (United States), High Temp Inc. (United States), CoorsTek, inc. (Japan), J. R. REFRACTORY (Japan) and Tashan Refractory Material Co.,Ltd (China). Analyst at AMA Research see United States and Asia Pacific Vendors to retain maximum share of Global Insulating Castable market by 2030. Considering Market by Installation Type, the sub-segment i.e. Casting will boost the Insulating Castable market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Insulating Castable market.
In May 2020, Plibrico Company introduced new insulating castable refractories, Plicast LWI 24 HS and Plicast Al-Tuff LWI 24 HS, which offer 200 percent more in cold crushing strength. These products are suitable for high-temperature incinerators, boilers, and furnaces.
What Can be Explored with the Insulating Castable Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Insulating Castable Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Insulating Castable
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Insulating Castable market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Insulating Castable market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturer, Suppliers & Distributors, Potential Investors, New Entrants and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.