LONDON--(BUSINESS WIRE)--The global microporous insulation market size is poised to reach USD 34.94 million by 2023, according to a new report by Technavio, progressing at a CAGR of nearly 5% during the forecast period.
Read the 137-page research report with TOC on " Microporous Insulation Market Analysis Report by application (industrial, energy and power, oil and gas, aerospace and defense, others) and geographical regions (North America, Europe, APAC, South America, and MEA) 2019 - 2023" Request Free Sample Pages
The market is driven by the growing use of microporous insulation in the aerospace industry. In addition, the increasing demand in oil and gas applications is anticipated to further boost the microporous insulation market during the forecast period.
In the aerospace industry, microporous insulation materials are used in various applications, which involve heat shields, engine, and exhaust insulation. This is owing to their superior properties, such as compact weight and space structure, excellent thermal management, and fire protection capabilities. Thus, the increase in the manufacture of aircrafts will boost the demand for microporous insulations, thus driving the growth of the market.
The oil and gas industry is also one of the key end-users of microporous insulation. In the oil and gas industry, microporous insulation is used in the form of fiber blankets, module, boards, and panels. These materials are used in the oil and gas industry for fire protection and thermal insulation, which helps to reduce operating costs, save energy, increase equipment capacity, and decrease the thickness of refractory linings. Moreover, these materials are lightweight and exhibit high resistance to heat, chemicals and high mechanical stress. Thus, owing to such factors, the microporous insulation market is expected to showcase a positive outlook during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Advanced Ceramics Corp.
- Berkshire Hathaway Inc.
- Elmelin Ltd.
- Etex SA-NV
- Inproheat Industries Ltd.
- Kingspan Group Plc
- Laizhou Mingguang Thermal Insulation Materials Co. Ltd.
- Morgan Advanced Materials Plc
- NICHIAS Corp.
- Thermo Dyne
Market Segmentation by Category and Product Types:
The Microporous Insulation Market can be broadly categorized into the following application:
- Energy and power
- Oil and gas
- Aerospace and defense
Key Regions for the Microporous Insulation Market:
Featuring a breakdown of region wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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