Global High-Performance Insulation Materials Market Size study & Forecast, by Material Type (Aerogel, Vacuum Insulation Panel, Fiberglass, Ceramic Fiber, High-performance Foam, and Other Material Types), by End-user (Oil and Gas, Industrial, Building and

Global High-Performance Insulation Materials Market Size study & Forecast, by Material Type (Aerogel, Vacuum Insulation Panel, Fiberglass, Ceramic Fiber, High-performance Foam, and Other Material Types), by End-user (Oil and Gas, Industrial, Building and Construction, Transportation, Power Generation, and Other End-user Industries), and Regional Analysis, 2022-2029

Global High-Performance Insulation Materials Market is valued at approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029. High-performance insulation materials are the polyurethane component that are superior to traditional insulation materials. This is because of their extraordinarily low heat conductivity. The High-Performance Insulation Materials market is expanding because of factors such as increasing oil & gas industry and rising production and supply of electric vehicles in the market.

According to Statista, the sales of battery electric vehicle and plug-in hybrid electric vehicle in the United Kingdom is increasing continuously. Such as, in Q1 of 2018 14484 units were sold, that increases to 23480 units in Q4 of 2019 and reached 33957 in Q1 of 2020. However, high set-up costs and high maintenance costs may halt the market.

The key regions considered for the Global High-Performance Insulation Materials Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to rising oil & gas and construction industry. Whereas, North America is expected to grow significantly during the forecast period, owing to rising production and sales of electronic vehicles.

Major market players included in this report are:
3M
Aerogel Technologies LLC
Armacell
Aspen Aerogels Inc.
BASF SE
Cabot Corporation
IBIDEN
Isolite Insulating Products Co. Ltd
Johns Manville
Knauf Gips KG

Recent Developments in the Market:
In Jan 2022, Armacell acquired the engineering business of SpiderPlus & Co. Ltd, which is based out of Tokyo, Japan. The engineering business of SpiderPlus & Co. Ltd manufactures and supplies thermal protection solutions for tubing and ductwork. The main objective of this acquisition was to merge the various innovative solutions of the 2 companies and so bring the same under one umbrella. With this acquisition, the company will reinforce the company’s overall structure in the forecast period.
In June 202, BASF entered into partnership agreement with Shanghai Harvest Insulation Engineering Co ltd. the main objective of this agreement was to provide the company will various innovative solutions to its end-users in the forecasted period.
Global High-Performance Insulation Materials Market Report Scope:
Historical DataCompanies Mentioned

3M
Aerogel Technologies LLC
Armacell
Aspen Aerogels Inc.
BASF SE
Cabot Corporation
IBIDEN
Isolite Insulating Products Co. Ltd
Johns Manville
Knauf Gips KG

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