Microporous Insulation Market
PUBLISHED: 2023 ID: SMRC22642
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Microporous Insulation Market

Microporous Insulation Market Forecasts to 2028 - Global Analysis By Material (Alumina Silica and Calcium Magnesium Silicate), Product (Rigid Boards & Panels, Flexible Panels, Machined Parts, Pourable Products, Mouldable Products, Feeder Bowl Kits, Vacuum Insulated Panels and Other Products), Application, End User and By Geography

4.8 (61 reviews)
4.8 (61 reviews)
Published: 2023 ID: SMRC22642

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $159.47 BN

Projected Year Value (2028)

US $216.16 BN

CAGR (2022 - 2028)

5.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Europe

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Microporous Insulation Market is accounted for $159.47 million in 2022 and is expected to reach $216.16 million by 2028 growing at a CAGR of 5.2% during the forecast period. Microporous Insulation is a solution in the form of compacted powder or fibers with an average interconnecting pore size comparable to or below the mean free path of air molecules at standard atmospheric pressure. Microporous insulation solutions provide ideal fire barriers to safeguard steel, aluminum, or composite (GRP) structures against fire. Microporous insulation materials are the best option when a significant temperature drop is needed in a constrained area or when tight heat loss or surface temperature criteria are specified.

According to International Energy Agency reports, oil & gas sector is facing huge requirement of advanced microporous insulation materials for transporting oil & gas to distant areas.

3

Market Dynamics:

Driver:

Rising need for high temperature insulation

In very abrasive environments, microporous insulation aids in maintaining the greatest levels of thermal stability. It provides process control and thermal efficiency maximization. The growing need for high temperature insulation in order to lower CO2 emissions, conserve energy and space, improve safety, and expand the capacity where the product is implemented are the key reasons propelling the market revenue growth.

Restraint:

High cost associated with manufacturing process

In order to create a unique range of densities and a very small range of the highest possible porosity, microporous insulation material is made by combining high quality agglomerates of filaments and selective grade opacifiers by pressing the mixture at a very specific pressure range of densities. These materials are more expensive to produce than traditional insulation materials, which may reduce demand for the product and hamper the market growth.

Opportunity:

Raising demand of microporous insulation material in oil & gas applications

At a mean temperature of 800 degrees, microporous insulation has an exceptionally low thermal conductivity that ranges from 0.021 w/m.k. to 0.034 w/m.k. It is four to five times more thermally efficient than traditional insulating materials. In addition to having great thermal performance, it offers strong resistance to flame and harsh weather. These elements are fuelling the market growth.

Threat:

Lack of commercialization

The reason for the high manufacturing cost is the lack of commercialization and the poor industrial production capability. Low output will market if the level of commercialization is low. In developing nations, there is a dearth of information on the qualities of microporous insulating materials, which drives up manufacturing costs and hinders the market expansion.

Covid-19 Impact

The pandemic has hampered the development of the microporous materials industry and adversely affected the oil and gas and automobile sectors, whose demand has fallen as a result of the slowing economy and decreased travel. During the epidemic, there has been a spike in the need for medical supplies and equipment, which has led to an increase in the manufacture of microporous materials. As a result, several producers of microporous materials have switched their focus from oil and gas applications to the medical and healthcare sectors.

The rigid boards & panels segment is expected to be the largest during the forecast period

The rigid boards & panels segment is estimated to have a lucrative growth, due to growing product demand for industrial and commercial applications. Microporous rigid boards & panels have been enclosed in a high temperature glass facing to facilitate handling and reduce dust. Its qualities, such as their outstanding strength, rigidity, and high compression resistance, are anticipated to increase demand for the product and drive the market revenue.

The aerospace & defense segment is expected to have the highest CAGR during the forecast period

The aerospace & defense segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its insulation qualities. Mica-based microporous insulating materials help in manufacturing heat shields, aircraft ducts, tubing and other mechanical parts of aircraft. Its efficient solutions are being used more often by technology-driven aircraft manufacturers, which are driving the segment’s growth.

Region with largest share:

Europe is projected to hold the largest market share during the forecast period owing to rising demand across a variety of industries. Energy & power, automotive, oil & gas, and aerospace & defense sectors are raising high demand due to the presence of strict energy consumption and insulation standards. Several major firms in this region are making significant investments. These aspects are benefitting the market growth in this region.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to increasing industrial activities and supportive government initiatives in countries such as China, India, and Japan. With rapid urbanization and industrialization, emerging nations like China and India are building their infrastructure quickly. This is increasing demand for goods like iron, steel, glass, and cement, which is predicted to fuel market revenue growth in the region.



Key players in the market

Some of the key players profiled in the Microporous Insulation Market include Promat International N.V., Morgan Advanced Materials plc, Isoleika S. Coop, Unicorn Insulations Limited, ThermoDyne, Unifrax, Elmelin Ltd, Johns Manville, NICHIAS Corp, Advanced Ceramics Corporation, Refraltec, Shanghai Nanovix Thermal Insulation, Mcallister Mills Inc, Nati Refractories and Kingspan Group Plc.

Key Developments:

In April 2021, Kingspan launched first inaugural Planet Passionate Sustainability Report and targets net zero carbon manufacturing. Significant progress made across the 12 ‘Planet Passionate’ commitments to reduce environmental impact by 2030.

In December 2020, Unifrax announced the launch of their latest low bio-persistent product line: Insulfrax® 1300 HT Blanket and Insulfrax 1300 HT Anchor-Loc® Modules. Insulfrax 1300 HT products represent the next generation of low bio-persistent (LBP) thermal insulation from Unifrax. With the addition of Insulfrax 1300 HT fibre products, Unifrax now offers the most comprehensive portfolio in the marketplace for high temperature insulation products.

Materials Covered:
• Alumina Silica
• Calcium Magnesium Silicate

Products Covered:
• Rigid Boards & Panels
• Flexible Panels
• Machined Parts
• Pourable Products
• Mouldable Products
• Feeder Bowl Kits
• Vacuum Insulated Panels
• Other Products

Applications Covered:
• Emission Control
• Fire Proofing
• Piping Insulation
• Thermal Management
• Kiln & Industrial Furnace Insulation Lining
• Fuel Cell & Power Plan Insulation

End Users Covered:
• Automotive
• Fire Protection
• Iron & Steel
• Cement
• Oil & Gas
• Energy & Power
• Glass
• Chemical
• Aerospace & Defence
• Consumer Appliances
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Microporous Insulation Market, By Material
5.1 Introduction
5.2 Alumina Silica
5.3 Calcium Magnesium Silicate

6 Global Microporous Insulation Market, By Product
6.1 Introduction
6.2 Rigid Boards & Panels
6.3 Flexible Panels
6.4 Machined Parts
6.5 Pourable Products
6.6 Mouldable Products
6.7 Feeder Bowl Kits
6.8 Vacuum Insulated Panels
6.9 Other Products

7 Global Microporous Insulation Market, By Application
7.1 Introduction
7.2 Emission Control
7.3 Fire Proofing
7.4 Piping Insulation
7.5 Thermal Management
7.6 Kiln & Industrial Furnace Insulation Lining
7.7 Fuel Cell & Power Plan Insulation

8 Global Microporous Insulation Market, By End User
8.1 Introduction
8.2 Automotive
8.3 Fire Protection
8.4 Iron & Steel
8.5 Cement
8.6 Oil & Gas
8.7 Energy & Power
8.8 Glass
8.9 Chemical
8.10 Aerospace & Defence
8.11 Consumer Appliances
8.12 Other End Users

9 Global Microporous Insulation Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Promat International N.V.
11.2 Morgan Advanced Materials plc
11.3 Isoleika S. Coop
11.4 Unicorn Insulations Limited
11.5 ThermoDyne
11.6 Unifrax
11.7 Elmelin Ltd
11.8 Johns Manville
11.9 NICHIAS Corp
11.10 Advanced Ceramics Corporation
11.11 Refraltec
11.12 Shanghai Nanovix Thermal Insulation
11.13 Mcallister Mills Inc
11.14 Nati Refractories
11.15 Kingspan Group Plc

List of Tables
1 Global Microporous Insulation Market Outlook, By Region (2020-2028) ($MN)
2 Global Microporous Insulation Market Outlook, By Material (2020-2028) ($MN)
3 Global Microporous Insulation Market Outlook, By Alumina Silica (2020-2028) ($MN)
4 Global Microporous Insulation Market Outlook, By Calcium Magnesium Silicate (2020-2028) ($MN)
5 Global Microporous Insulation Market Outlook, By Product (2020-2028) ($MN)
6 Global Microporous Insulation Market Outlook, By Rigid Boards & Panels (2020-2028) ($MN)
7 Global Microporous Insulation Market Outlook, By Flexible Panels (2020-2028) ($MN)
8 Global Microporous Insulation Market Outlook, By Machined Parts (2020-2028) ($MN)
9 Global Microporous Insulation Market Outlook, By Pourable Products (2020-2028) ($MN)
10 Global Microporous Insulation Market Outlook, By Mouldable Products (2020-2028) ($MN)
11 Global Microporous Insulation Market Outlook, By Feeder Bowl Kits (2020-2028) ($MN)
12 Global Microporous Insulation Market Outlook, By Vacuum Insulated Panels (2020-2028) ($MN)
13 Global Microporous Insulation Market Outlook, By Other Products (2020-2028) ($MN)
14 Global Microporous Insulation Market Outlook, By Application (2020-2028) ($MN)
15 Global Microporous Insulation Market Outlook, By Emission Control (2020-2028) ($MN)
16 Global Microporous Insulation Market Outlook, By Fire Proofing (2020-2028) ($MN)
17 Global Microporous Insulation Market Outlook, By Piping Insulation (2020-2028) ($MN)
18 Global Microporous Insulation Market Outlook, By Thermal Management (2020-2028) ($MN)
19 Global Microporous Insulation Market Outlook, By Kiln & Industrial Furnace Insulation Lining (2020-2028) ($MN)
20 Global Microporous Insulation Market Outlook, By Fuel Cell & Power Plan Insulation (2020-2028) ($MN)
21 Global Microporous Insulation Market Outlook, By End User (2020-2028) ($MN)
22 Global Microporous Insulation Market Outlook, By Automotive (2020-2028) ($MN)
23 Global Microporous Insulation Market Outlook, By Fire Protection (2020-2028) ($MN)
24 Global Microporous Insulation Market Outlook, By Iron & Steel (2020-2028) ($MN)
25 Global Microporous Insulation Market Outlook, By Cement (2020-2028) ($MN)
26 Global Microporous Insulation Market Outlook, By Oil & Gas (2020-2028) ($MN)
27 Global Microporous Insulation Market Outlook, By Energy & Power (2020-2028) ($MN)
28 Global Microporous Insulation Market Outlook, By Glass (2020-2028) ($MN)
29 Global Microporous Insulation Market Outlook, By Chemical (2020-2028) ($MN)
30 Global Microporous Insulation Market Outlook, By Aerospace & Defence (2020-2028) ($MN)
31 Global Microporous Insulation Market Outlook, By Consumer Appliances (2020-2028) ($MN)
32 Global Microporous Insulation Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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