DUBLIN--(BUSINESS WIRE)--The "Microporous Insulation Market by Application and Geography - Global Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The microporous insulation market analysis considers sales from industrial, energy and power, oil and gas, aerospace and defense and others. The analysis also considers the sales of microporous insulation in APAC, Europe, North America, South America, and MEA.
In 2018, the industrial segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the rise in number of cement and iron and steel manufacturing plants will play a significant role in the industrial segment to maintain its market position.
Also, the global microporous insulation market report looks at factors such as increasing demand in oil and gas applications, unique properties of microporous insulation, and growing use of microporous insulation in the aerospace industry.
However, volatility in global crude oil prices, lack of awareness in MEA and South America, and regulatory restrictions on use of polyurethane may hamper the growth of the microporous insulation industry over the forecast period.
The growing use of microporous insulation in aerospace industry
In the aerospace industry, microporous insulation materials are used in applications such as heat shields, engine, and exhaust insulation because of their compact weight and space structure along with excellent thermal management, and fire protection capabilities.
Microporous insulation materials are made of inorganic materials like fiber and silica, which are non-combustible and are suitable for passive fire protection application. Thus the growing use of this material in the aerospace industry will lead to the expansion of the global microporous insulation market at a CAGR of almost 5% during the forecast period.
Rising demand due to growth in the automotive industry
Microporous insulation materials are used in vehicles to reduce the surface temperature, pressure, and vibration resistance which helps in improving acoustic characteristics and reduces design costs. These are used in automotive exhaust systems, catalytic converters, and diesel particle filters.
Moreover, there is a rise in demand for microporous insulation because it increases fuel efficiency. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global microporous insulation market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microporous insulation manufacturers that include:
- 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
Also, the microporous insulation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Comparison by application
- Industrial - Market size and forecast 2018-2023
- Energy and power - Market size and forecast 2018-2023
- Oil and gas - Market size and forecast 2018-2023
- Aerospace and defense - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Emergence of new power plants
- Rising demand due to growth in automotive industry
- Increasing steel production
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- 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
For more information about this report, visit https://www.researchandmarkets.com/r/5p7ydh.