Global Microporous Insulation Market, By Product Type (Rigid Boards and Panels, Flexible Panels, Others), End Use (Industrial, Energy and Power, Oil and Gas, Aerospace and Defence, Others), Material (Alumina Silica, Calcium Magnesium Silicate), Application (Fire Proofing, Thermal Management, Emission Control, Piping Insulation, Kiln and Industrial Furnace Insulation Lining, Fuel Cell and Power Plan Insulation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Microporous insulation market will reach an estimated valuation of USD 216.51 million by 2028, while registering this growth at a rate of 5.0% for the forecast period of 2021 to 2028. Microporous insulation market report analyses the growth, which is currently being growing due to the increase in demand for high thermal resistant insulation materials in oil and gas applications.
The microporous insulation materials are used in applications where space is limited and superior thermal insulation performance is required. Via limiting heat conduction, radiation and convection, insulation materials are specifically designed to minimise heat flow and perform functions such as energy conservation by minimising heat loss, increasing heating, plumbing, steam and various other systems used in industrial and commercial installations.
Increasing demand for space and weight saving in the aerospace and defence and industrial sectors, increasing demand from various applications, stringent energy consumption and insulation standards, rapid industrialization across the globe, surging levels of investment for the development of advanced infrastructure, increasing preference of light weighted insulating materials over traditional material are some of the major as well as vital factors which will likely to augment the growth of the microporous insulation market in the projected timeframe of 2021-2028. On the other hand, rising applicability of microporous insulation due to its hydrophobic nature along with rising awareness to conserve energy which will further contribute by generating massive opportunities that will lead to the growth of the microporous insulation market in the above mentioned projected timeframe.
Increasing need for hydrophobic materials in humid conditions along with high manufacturing cost which will likely to act as market restraints factor for the growth of the microporous insulation in the above mentioned projected timeframe. Lack of awareness and acceptance which will become the biggest and foremost challenge for the growth of the market.
regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on microporous insulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Microporous Insulation Market Scope and Market Size
Microporous insulation market is segmented on the basis of product type, end use, material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the microporous insulation market is segmented into rigid boards and panels, flexible panels, and others. Others have been further segmented into moldable products, machined parts, and pourable products.
- Based on end use, the microporous insulation market is segmented into industrial, energy and power, oil and gas, aerospace and defence, and others. Industrial segment has been further segmented into iron and steel, glass, cement, non-ferrous metal, and ceramic. Energy and power has been further segmented into conventional power generation, nuclear power generation, and fuel cells. Oil and gas has been further segmented into petrochemical, and transportation. Aerospace and defence has been further segmented into aerospace, naval and sea, and army munition. Others have been further segmented into automotive, and consumer appliances.
- On the basis of material, the microporous insulation market is segmented into alumina silica, and calcium magnesium silicate.
- Microporous insulation market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for microporous insulation market includes fire proofing, thermal management, emission control, piping insulation, kiln and industrial furnace insulation lining, and fuel cell and power plan insulation.
Microporous Insulation Market Country Level Analysis
Microporous insulation market is analysed and market size, volume information is provided by country, product type, material, end use and application as referenced above.
The countries covered in the microporous insulation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the microporous insulation market due to the surging levels of investment by the government in the military and defence products in the region. Asia-Pacific region is expected to hold the largest growth rate due to the rapid industrialization along with prevalence of supportive government policies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Microporous Insulation Market Share Analysis
Microporous insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to microporous insulation market.
The major players covered in the microporous insulation market report are Etex Group; Morgan Advanced Materials; Isoleika S. Coop.; Unicorn Insulations Limited; Johns Manville.; NICHIAS Corporation.; Thermodyne; Unifrax; Elmelin Ltd; Advanced Ceramics Corp.; Kingspan Group Plc; Kyung Dong Won Co., Ltd; Luyang Energy-saving Materials Co., Ltd.; McAllister Mills, Inc.; NATI Refractories Co.,Ltd.; REFIAL BV; Shanghai Nanovix Thermal Insulation Co.,Ltd.; Silca Service- und Vertriebsgesellschaft für Dämmstoffe mbH; Wacker Chemie AG; Tokuyama Corporation.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.