The global Microporous Insulation Market size was USD 160 Million in 2022 and is expected to reach USD 227.73 Million in 2032, and register a rapid revenue CAGR of 4% during the forecast period. Requirement for energy-efficient insulation solutions and rising demand from various end-use industries, including aerospace, automotive, and Oil Gas (OG), are major factors driving market revenue growth.
Microporous insulation is a type of insulating material used in various applications to lessen heat transfer and increase energy efficiency. In comparison to more conventional insulation materials, it is an extremely thin and light insulation material with better thermal insulation qualities. A low-conductivity gas or a vacuum is used to fill small and sealed cells that make up the material, which helps to minimize heat transmission.
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Some Key Highlights in the Report
- In July 2020, Unifrax, which is a US-based global provider of high-performance specialty materials, focused on emission control, thermal management, specialty filtration, batteries and fire protection applications, announced the acquisition of Rex Materials Groups, which is a manufacturer of engineered thermal components. The acquisition is expected to help Unifrax in achieving their long-term growth strategy and focus on delivering energy efficiency and eco-friendliness. The addition of Rex materials would help the company in expanding its product portfolio of high temperature engineered thermal components, enhance its overall manufacturing capabilities, and supports the mission of creating a greener, cleaner and safer world.
- Rigid boards and panels segment is expected to account for largest revenue share in the global microporous insulation market over the forecast period, owing to its growing demand from industrial and commercial applications. Microporous rigid boards and panels are hardwearing and offer excellent resistance to heat and fire though the insulation boards are thin. It can act as a highly efficient barrier to flames and heat when used to line fire doors and also maintain thermal performance in the event of fire.
Major Companies:
- Thermal Ceramics
- Morgan Advanced Materials
- Unifrax
- Ibiden Co. Ltd.
- Insulcon Group
- Nano Tech Co. Ltd.
- Zircar Ceramics
- Pyrotek Inc.
- Micropore Technologies Ltd.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Microporous Insulation market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Microporous Insulation market?
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Microporous Insulation Market Segmentation:
Product Outlook:
- Rigid Boards Panels
- Flexible Panels
- Machined Parts
- Moldable Products
- Others
End-use Outlook:
- Industrial
- Energy Power
- Aerospace Defense
- Automotive
- Building Construction
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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