Microporous Insulation Market
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The microporous insulation market is predicted to grow at a CAGR 3.78% rate during the forecast period. Microporous insulation is a composite material and is inorganic in nature, making it non-combustible and suitable for passive fire protection applications. The growing industrialization in Asia Pacific and South America region and increasing oil & gas production in countries, such as the US, Saudi Arabia, Iran, and Russia are expected to drive the demand for microporous insulation.
The market has been segmented into industrial, energy & power, oil & gas, aerospace & defense, and others. The industrial segment is expected to hold the largest market share, in terms of value, followed by the energy & power segment, in 2017. Rapid industrialization in Asia Pacific, South America, among other regions, is projected to drive the growth for the respective segment.
Europe is estimated to be the dominating market for microporous insulation in 2018 and is expected to continue to lead the market till 2023, attributed to rising awareness to conserve energy in the region. Presence of stringent regulations regarding the use of insulation materials which comply with Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) and European in the region drives its demand.
Promat International N.V. (Belgium), Morgan Advanced Materials plc (UK), Isoleika S. Coop. (Spain), Unicorn Insulations Limited (China), Guangzhou Huineng Environmental Protection Materials Co. Ltd. (Siltherm) (China), NICHIAS Corporation (Japan), ThermoDyne (US), Unifrax (US), Elmelin Ltd. (UK), and Johns Manville (US), and others are the key players in the market.
Key Questions Addressed by the Report
- What are the major developments impacting the market?
- Where will all these developments take the industry in the mid to long term?
- What is the upcoming type of microporous insulation?
- What are the emerging applications for microporous insulation?
- What are the major factors expected to impact market growth during the forecast period?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Microporous Insulation, By Application
Energy & Power
Aerospace & Defense
Oil & Gas
6. Microporous Insulation Market, By Product Type
Rigid Boards & Panels
7. Microporous Insulation Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
8. Company Profiles
Morgan Advanced Materials
Isoleika S. Coop.
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