The 2022 global market size for High Temperature Insulation Wool (HTIW) Market amounted to USD 8.48 billion, and it is anticipated to reach USD 14.33 billion by 2032, with a projected Compound Annual Growth Rate (CAGR) of 6% over the forecast period.
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Competitive Landscape:
- Unifrax
- Morgan Advanced Materials
- Ibiden Co. Ltd.
- Nutec Fibratec
- Thermaxx Jackets
- Shandong Luyang Share
- Insulcon B.V.
- Unicorn Insulations Limited
- Metawool
- Ningguo BST Thermal Products Co. Ltd.
- Isolite Insulating Products Co. Ltd.
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Strategic Developments:
- In 2021, Owens Corning took steps to enhance its production capacity and address the increasing demand for high-temperature insulation wool in the North American market by acquiring an insulation manufacturing facility located in Monterrey, Mexico.
- Rockwool International A/S introduced ProRox industrial insulation in 2020, a novel stone wool-based insulation solution designed for high-temperature applications. This new product line not only delivers outstanding thermal insulation but also excels in fire protection and acoustic performance.
- Expanding its product line, Knauf Insulation launched Knauf Insulation Atmosphere Duct Wrap in 2019, a new series of high-temperature insulation wool. Tailored for HVAC ductwork, this product offers high-temperature resistance of up to 1200°C.
- In 2018, Unifrax Corporation unveiled the Fiberfrax® Durablanket® LT insulation line, a collection of high-temperature insulation wool products. Engineered to provide superior thermal insulation and protection for high-temperature applications reaching up to 1204°C, this product line was introduced to the market.
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