19-Feb-2020 | Zion Market Research
With the presence of a large pool of participants, the global microporous insulation market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR).
Browse the full “Microporous Insulation Market – By Material (Alumina Silica and Calcium Magnesium Silicate), By Product (Rigid Board & Panel and Flexible Panel), By End-Use Industry (Oil & Gas, Metal Works, Energy & Power, and Transportation), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/microporous-insulation-market
The large-scale use of microporous insulation in the aerospace & defense, automotive, transport, energy & power, fuel cell, and construction sectors will inflate the growth of the microporous insulation industry over the forthcoming years. Additionally, beneficial features of the microporous insulation products such as low thermal conductivity, low heat storing capacity, and high compression resistance will produce lucrative growth opportunities for the microporous insulation market over the forecast years.
Furthermore, microporous insulation also finds extensive application in coal & gas fired traditional power stations as well as nuclear power generation station functioning under high temperatures. This, in turn, will spearhead the market evolution over the coming years. The beneficial feature of the microporous insulation product in resisting thermal shocks will increase its utility in metal works as well as the production sector across the globe.
Calcium Magnesium Silicate To Dominate Material Segment By 2025
The growth of the segment over the forecast period is attributed to the beneficial properties of the calcium magnesium silicate material including very low thermal conductivity and high thermal stableness resulting in its huge demand in energy & power and transport sectors.
Flexible Panel Segment To Contribute Majorly Towards Market Share By 2025
The product segment, which accounted for around 50% of the overall market share in 2018, is anticipated to register noticeable growth over the forecast timeline. The growth of the segment during 2019-2025 is credited to its exceptional mechanical resistance against vibration along with its unique dimensional stability.
Transportation Segment To Lead End-Use Industry Landscape Over 2019-2025
The segmental progression over the forecast timeline is attributed to the massive demand for microporous insulation in airplanes, ships, and automotive due to the insulation properties of low thermal conductivity and high thermal stability of microporous insulation materials & products.
North America & Europe To Contribute Lucratively Towards Overall Market Value By 2025
The growth of the market in North America and Europe over the ensuing years is due to the humungous use of insulation in the power and oil & gas sectors in these regions. Apart from this, microporous insulation finds a plethora of applications in consumer goods, metal works, and glass manufacturing industries in the region.
However, the Middle East and the Asia Pacific markets have huge growth potential and are likely to provide new business growth opportunities for the industry players as a result of regional government policies promoting the expansion of manufacturing & automotive sectors.
Key players profiled in the microporous insulation industry are Etex Building Performance NV, NICHIAS Corporation, Aspen Aerogels, Inc., ThermoDyne, Morgan Advanced Materials, Kingspan Insulation LLC, Unifrax LLC, Johns Manville, and Unicorn Insulations Ltd.
The global microporous insulation market can be segmented as follows:
Global Microporous Insulation Market: By Material Segment Analysis
Global Microporous Insulation Market: By Product Segment Analysis
Global Microporous Insulation Market: By End-Use Industry Segment Analysis
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