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The Microporous Insulation Market size is projected to grow from US$ 132 Million in 2018 to US$ 165 Million by 2023. This report spread across 138 pages, profiling 11 companies and supported with tables and figures is now available in this research.
“The Industrial application segment is expected to lead the microporous insulation market, in terms of value, during the forecast period.”
The Industrial application segment, by application, is expected to lead the microporous insulation market during the forecast period. This is due to an increase in the demand for microporous insulation in various applications, such as furnaces, bakes, ladles, foundry, boilers in iron & steel, non-ferrous metal, cement, ceramic, and glass industries. In addition, rapid industrialization in APAC and South America is projected to drive the demand for microporous insulation in this application segment.
“Rigid boards & panels is expected to be the largest product type segment in the microporous insulation market, in terms of value, between 2018 and 2023.”
The Rigid boards & panels product type segment is expected to lead the microporous insulation market during the forecast period. This is because the rigid boards & panels have extremely low thermal conductivity and high thermal stability because of which they are used in different temperature-sensitive and critical applications. In addition, it has a growing demand from different applications, such as industrial furnaces, thermal batteries in the energy & power sector, and voyage data recorder in aerospace & defense, among other sectors.
“Europe is projected to lead the microporous insulation market, in terms of value, between 2018 and 2023.”
The Microporous Insulation Market has been studied for North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Europe is expected to lead the microporous insulation market during the forecast period, owing to the rising awareness to conserve energy in the region. In addition, the presence of stringent regulations regarding the use of insulation materials, which comply with Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) and European Dangerous Substances Directive Amendment 97/69/EC, drive its demand in the region.
Breakdown of primary participants’ profile:
- By Company Type: Tier 1:70%, Tier 2:25%, and Tier 3:5%
- By Designation: C-Level Executives- 11%, Directors- 60%, and Others – 29%
- By Region: Asia Pacific – 54%, Middle East & Africa- 21%, Europe- 12%, Americas – 13%
- To forecast the size of the market with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa, along with their key countries
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
- To define, describe, and forecast the microporous insulation market size, in terms of value and volume
- To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the market growth
- To estimate and forecast the market size, by product type, application, and region
- To track and analyze recent developments, such as expansion, acquisition, new product launch, and investment, in the market
- To strategically profile the key market players and comprehensively analyze their core competencies