DUBLIN--(BUSINESS WIRE)--The "Global High Performance Insulation Materials Market - Segmented by Material Type, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global high performance insulation materials market is expected to witness a CAGR of approximately 10.8% during the forecasted period. The major factor driving the market is the rising awareness regarding greenhouse emissions and growing demand for high performance insulation materials from end-user industries including oil & gas, paints & coatings, and construction pharmaceutical and agrochemical industries.
High performance insulation materials are expected to witness a huge demand from the oil & gas sector. This is primarily owing to the growing demand for advanced insulation materials for subsea pipelines applications. Additionally, these materials offers properties, such as fire & water resistance, superlative thermal resistance, enhanced acoustic insulation, lightweight, and reduced thickness, that are required in the oil & gas sector. Thus, owing to the abovementioned factors, the demand for and usage of high-performance insulation materials is expected to increase in the oil & gas industry, owing to continually increasing offshore oil drilling and recovery.
Aerogel is expected to dominate the market in material type segment. This is primarily due to properties, such as lightweight, tensile strength, thermal insulation, superior fire resistance, easy installation, high compressive strength, and low density. Due to these offerings, aerogel is highly preferred in industrial sector and applications, and is also expected to continue its dominance during the forecast period.
Key Developments in the Market
- May 2017: Owens Corning launched their Pure Safety high performance insulation at The Home Depot
- Aerogel Technologies LLC
- Aspen Aerogels Inc.
- BASF SE
- Cabot Corporation
- General Insulation Europe Ltd.
- Ibiden Co. Ltd.
- Isolite Insulating Products Co. Ltd.
- Morgan Thermal Ceramics
- Nano High-Tech Co. Ltd.
- Owens Corning S.Andong Luyang Share Co. Ltd.
- The 3M Company
- Unifrax LLC
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/sp8nm3/global_high?w=4