IMARC Group, a leading market research company, has recently releases report titled “Microporous Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global microporous insulation market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the microporous insulation market?
The global microporous insulation market size reached US$ 154.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 200.4 Million by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
What is microporous insulation?
MMicroporous insulation is an inorganic and non-combustible composite material offering compressive strength, excellent fire barrier, minimal thermal shrinkage, and resistance to liquids and chemicals. It is an interconnecting pore size comparable to the average free path of air molecules present at standard atmospheric pressure.
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What are the growth prospects and trends in the microporous insulation industry?
At present, microporous insulation is used in manufacturing components of an aircraft, such as heat shields and recorder boxes, to provide heat-resistance to interiors and exteriors without the need for a vacuum. This, in confluence with considerable growth in the aerospace industry, represents one of the major factors bolstering the growth of the market. In addition, the burgeoning automotive sector is catalyzing the demand for microporous insulation to minimize surface temperature, friction, resistance to vibration, and excellent acoustic performance. Apart from this, extensive investment in research and development (R&D) activities to develop innovative product variants is creating a positive outlook for the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Material:
- Alumina Silica
- Calcium Magnesium Silicate
- Others
Breakup by Product:
- Rigid Boards and Panels
- Flexible Panels
- Others
Breakup by Application:
- Industrial
- Energy and Power
- Oil and Gas
- Aerospace and Defense
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Elmelin Ltd.
- Etex Group
- Isoleika S. Coop
- Johns Manville Corporation (Berkshire Hathaway Inc.)
- Kingspan Group Plc
- Morgan Advanced Materials plc
- NICHIAS Corporation
- Siltherm Group Holdings Limited
- TECHNO-PHYSIK Engineering GmbH
- Unicorn Insulations Limited
- Unifrax LLC.
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