Market Overview:
The global lightweight insulating castable market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight insulating castables in the power industry, petrochemical industry, and metallurgical industry. In addition, the growing demand for kiln insulation is also contributing to the growth of this market. North America dominates the global lightweight insulating castable market and is expected to continue its dominance during the forecast period.
Product Definition:
Lightweight Insulating Castable is a lightweight, high-strength, insulating material used for making castable insulation. It has low thermal conductivity and can be used to insulate pipelines, boilers, and other equipment.
Casting Type:
Casting type is a process of manufacturing lightweight insulating castable by melting together recycled materials such as tire rubber, plastic, and fiberglass. The product has high demand in the construction industry owing to its ability to withstand extreme temperatures and reduce the overall weight of building structures.
The global lightweight casting market size was valued at USD 2.5 billion in 2015.
Dry Gunning Type:
Dry gunning type is a method of manufacturing lightweight insulating castable by using cement and sand as raw materials. The process involves the formation of solid mass which is then heated to a temperature lower than the melting point of sand thereby making it plastic. This plastic mass is further processed into finished products through curing processes such as drying, spray drying or oven drying.
The major advantages associated with this process are low energy consumption, easy handling.
Application Insights:
The power industry segment led the global lightweight insulating castable market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for electricity from renewable sources such as wind energy, which has created a need for installing large number of generating units across the globe. This, in turn, is expected to drive product demand over the coming years.
Petrochemical industry accounted for 20.0% share of global revenue in 2017 owing to rising investments by various companies including BASF SE, Royal Dutch Shell plc and Repsol SAB in developing new refineries across Latin America and Asia Pacific regions respectively.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60.0% in 2017. The region is expected to witness significant growth owing to rising demand for electricity and petroleum products coupled with increasing industrial activities across emerging economies such as China, India, Indonesia, Vietnam and Thailand.
The growing construction industry due to urbanization along with the rising need for infrastructure development is anticipated to propel product demand from countries including Japan, South Korea and India among others which are major consumers of lightweight insulating castable products globally.
North America emerged as the second-largest regional market accounting for a share of over 20.0% in 2017 owing to high consumption levels from countries including Canada and Mexico among others which are majorly involved in oil & gas exploration activities globally along with power generation sector being one of its largest sectors worldwide that also drives product consumption levels significantly across this region since last few decades (Ref).
Growth Factors:
- Increasing demand for lightweight insulating castables in the construction industry as a result of growing awareness about the benefits of using these materials over traditional heavy castables.
- Rising demand from end-use industries such as automotive, aerospace, and energy due to the increasing need for lightweight yet high-performing insulation materials.
- Growing popularity of vacuum insulation panels (VIPs) that use lightweight insulating castables as their key component, thereby driving market growth.
- Technological advancements that have led to the development of new and improved types of lightweight insulating castables with better thermal performance characteristics than traditional products available in the market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Lightweight Insulating Castable Market Research Report
By Type
Casting Type, Dry Gunning Type
By Application
Power Industry, Petrochemical Industry, Metallurgical Industry, Kiln Insulation, Other
By Companies
Rongsheng Kiln Refractory, LONTTO GROUP, VITCAS, Lance Caspersen, Monolithics, Allied Mineral Products, Patrarefractory
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Lightweight Insulating Castable Market Report Segments:
The global Lightweight Insulating Castable market is segmented on the basis of:
Types
Casting Type, Dry Gunning Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Industry, Petrochemical Industry, Metallurgical Industry, Kiln Insulation, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rongsheng Kiln Refractory
- LONTTO GROUP
- VITCAS
- Lance Caspersen
- Monolithics
- Allied Mineral Products
- Patrarefractory
Highlights of The Lightweight Insulating Castable Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Casting Type
- Dry Gunning Type
- By Application:
- Power Industry
- Petrochemical Industry
- Metallurgical Industry
- Kiln Insulation
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lightweight Insulating Castable Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lightweight insulating castable is a type of insulation that is made from a lightweight, heat-resistant material. It can be used to fill in small gaps and cracks in walls and ceilings, or as an insulation layer on the exterior of buildings.
Some of the major players in the lightweight insulating castable market are Rongsheng Kiln Refractory, LONTTO GROUP, VITCAS, Lance Caspersen, Monolithics, Allied Mineral Products, Patrarefractory.
The lightweight insulating castable market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lightweight Insulating Castable Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lightweight Insulating Castable Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lightweight Insulating Castable Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lightweight Insulating Castable Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lightweight Insulating Castable Market Size & Forecast, 2020-2028
4.5.1 Lightweight Insulating Castable Market Size and Y-o-Y Growth
4.5.2 Lightweight Insulating Castable Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Casting Type
5.2.2 Dry Gunning Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Industry
6.2.2 Petrochemical Industry
6.2.3 Metallurgical Industry
6.2.4 Kiln Insulation
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lightweight Insulating Castable Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lightweight Insulating Castable Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Casting Type
9.6.2 Dry Gunning Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Industry
9.10.2 Petrochemical Industry
9.10.3 Metallurgical Industry
9.10.4 Kiln Insulation
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Casting Type
10.6.2 Dry Gunning Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Industry
10.10.2 Petrochemical Industry
10.10.3 Metallurgical Industry
10.10.4 Kiln Insulation
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Casting Type
11.6.2 Dry Gunning Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Industry
11.10.2 Petrochemical Industry
11.10.3 Metallurgical Industry
11.10.4 Kiln Insulation
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Casting Type
12.6.2 Dry Gunning Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Industry
12.10.2 Petrochemical Industry
12.10.3 Metallurgical Industry
12.10.4 Kiln Insulation
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Casting Type
13.6.2 Dry Gunning Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Industry
13.10.2 Petrochemical Industry
13.10.3 Metallurgical Industry
13.10.4 Kiln Insulation
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lightweight Insulating Castable Market: Competitive Dashboard
14.2 Global Lightweight Insulating Castable Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rongsheng Kiln Refractory
14.3.2 LONTTO GROUP
14.3.3 VITCAS
14.3.4 Lance Caspersen
14.3.5 Monolithics
14.3.6 Allied Mineral Products
14.3.7 Patrarefractory
