Microporous Insulation

Microporous Insulation

Global Microporous Insulation Market to Reach US$244.9 Million by 2030

The global market for Microporous Insulation estimated at US$173.2 Million in the year 2023, is expected to reach US$244.9 Million by 2030, growing at a CAGR of 5.1% over the analysis period 2023-2030. Rigid Boards & Panels, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$112.1 Million by the end of the analysis period. Growth in the Flexible Panels segment is estimated at 5.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$45.6 Million While China is Forecast to Grow at 7.8% CAGR

The Microporous Insulation market in the U.S. is estimated at US$45.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$54.6 Million by the year 2030 trailing a CAGR of 7.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.1% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Global Microporous Insulation Market - Key Trends & Drivers Summarized

Microporous insulation is a highly effective thermal insulation material known for its ability to minimize heat loss while maintaining a thin profile. This insulation type is composed of microporous materials that significantly reduce thermal conductivity by limiting both convection and radiation. Among the various forms of microporous insulation, rigid boards and panels are widely utilized in applications requiring durable, high-temperature-resistant materials. These boards and panels are constructed from microporous silica and often encased in protective layers of aluminum foil or glass cloth to enhance their mechanical strength and durability. Flexible panels, on the other hand, are designed for applications where ease of installation and conformity to complex shapes are paramount. These panels are typically reinforced with fibers or other flexible materials, allowing them to be wrapped around irregular surfaces or fitted into tight spaces. Other forms of microporous insulation include molded shapes and granules, each tailored to specific industrial requirements.

The applications of microporous insulation span a diverse range of industries due to its exceptional thermal performance. In the industrial sector, microporous insulation is employed in high-temperature furnaces, kilns, and other equipment where maintaining operational efficiency and safety is critical. In the energy and power industry, it plays a crucial role in reducing heat loss from boilers, turbines, and piping systems, thereby enhancing energy efficiency and reducing operational costs. The oil and gas industry utilizes microporous insulation in pipelines, valves, and processing equipment to ensure optimal thermal management and to protect sensitive components from extreme temperatures. In the aerospace and defense sectors, its lightweight and high-performance characteristics are ideal for protecting spacecraft and aircraft components from the harsh thermal environments encountered during flight. Additionally, the automotive industry benefits from microporous insulation in exhaust systems and battery compartments, where thermal management is essential for performance and safety.

The growth in the microporous insulation market is driven by several factors. The increasing demand for energy efficiency across various industries has significantly boosted the adoption of advanced thermal insulation solutions. Stringent environmental regulations and policies aimed at reducing carbon emissions are compelling industries to seek more efficient insulation materials, thereby propelling market growth. The expansion of the aerospace and defense sectors, with their specific needs for high-performance and lightweight materials, is another major driver. Technological advancements have led to the development of more robust and versatile microporous insulation products, further enhancing their appeal. Additionally, the growing focus on sustainability and the need to improve operational efficiency in the oil and gas industry are fostering increased utilization of microporous insulation. In the automotive industry, the shift towards electric vehicles is generating new applications for high-performance thermal insulation to manage battery temperatures effectively. Overall, the confluence of these factors is expected to sustain the robust growth trajectory of the microporous insulation market in the coming years.

Select Competitors (Total 57 Featured) -

• Evonik Industries AG
• Johns Manville
• Morgan Advanced Materials PLC
• Kingspan Group PLC
• Nichias Corporation
• BIFIRE S.r.l.
• Armil C.F.S., Inc.
• IMS Insulations
• Lynn Manufacturing
• North Refractories Co.,Ltd.
• KyungDong One Co., Ltd.
• Inproheat Industries Ltd.
• HoganAs Borgestad Holding AB
• Luyang Energy-saving Materials Co., Ltd.
• Jiangshan Agrochemical and Chemical

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.