About Microporous Insulation Products
The upsurge in industrialization, as well as infrastructural development, will help to boost global microporous insulation products market all over the world. Microporous insulation is a type of material which presents in the form of fibers categorized by an interconnecting pore size which is comparable to the average free path of air molecules present at standard atmospheric pressure. Moreover, it is considered very efficient insulation products, they have thermal conductivity value lower than still air. The upsurge in Demand for High thermal resistant insulation materials in oil & gas applications will act as the key driver of global microporous insulation products market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.21% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Vendors having a strong hold in the market are Promat International N.V., Morgan Advanced Materials plc, Isoleika S. Coop., Unicorn Insulations Limited. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Microporous Insulation Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Promat International N.V. (Belgium), Morgan Advanced Materials plc (United Kingdom), Isoleika S. Coop. (Spain), Unicorn Insulations Limited (China), Guangzhou Huineng Environmental Protection Materials Co. Ltd. (Siltherm) (China), NICHIAS Corporation (Japan), ThermoDyne (United States), Unifrax I LLC (United States), Elmelin Ltd. (United Kingdom) and Johns Manville (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are TECHNO PHYSIK Engineering GmbH (Germany), ZIRCAR Ceramics, Inc. (United States), John Manville Corporation (United States) and NETZSCH Geratebau GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Microporous Insulation Products market by Type (Rigid Boards and Panels and Flexible Panels), Application (Fire Proofing, Thermal Management, Emission Control, Piping Insulation, Kiln and Industrial Furnace Insulation Lining and Fuel Cell and Power Plan Insulation) and Region.
On the basis of geography, the market of Microporous Insulation Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Grade, the sub-segment i.e. Alumina-Based will boost the Microporous Insulation Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Manufacturing Industry will boost the Microporous Insulation Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Escalating Demand Aerospace & Defense for Space & Weight Saving and Industrial Sectors and Introduction to Highly Efficient and Cheaper Substitutes
Market Growth Drivers:
Rising Demand for Safe and Efficient Thermal Resistant Insulators and Growing Applications of Microporous Insulators in Oil and Gas Industry
Challenges:
Lack of Awareness in the Underdeveloped Regions
Restraints:
Maximum Operational Cost might hamper the Demand and Requirement of Water Proof and Hydrophobic Materials in Humid Conditions
Opportunities:
Increasing Government Reimbursements in Energy Consumption and Insulation Standards and Rising Oil and Gas Infrastructure across the Globe
Market Leaders and their expansionary development strategies
In October 2022 Evonik is selling its business of Class A rated, high-performance CALOSTAT insulation panels to Kingspan is a leading global provider of solutions for insulation and building envelopes.. The sales contract includes the brand, the technical and commercial knowledge, and the production facilities for the award-winning product.
On January 25th, 2019, Nichia has launched the Optisolis technology in a COB series that features high luminous flux and a narrow emission area. The COB footprint is ideal for products that require high light density, including spotlights, downlights, track lights and more. Nichia’s Optisolis COB further raises the standard for color quality. Many global players can utilize Nichia’s Optisolis technology and trust in a spectrum where all colors are reproduced to that seen under standard light.
According to American Society for Testing and Materials (ASTM), if the installation or use of thermal insulation materials, accessories, and systems may pose safety or health problems, the manufacturer should provide the user with appropriate current information regarding any known problems associated with the recommended use of the company's products, and shall also recommend protective measures to be employed in their safe utilization.
Key Target Audience
Microporous Insulation Service Provider, Microporous Insulator Manufacturers, Raw Material Suppliers for Insulators, Upstream Buyers, Oil and Gas Industry Associations, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.