Global High-Performance Insulation Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global High-Performance Insulation Materials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Insulation is defined as a complete barrier to transfer of heat through walls, floor, and ceilings by trapping it. This helps in saving energy costs and maintaining temperature indoors. Some of the properties of insulation materials are low thermal conductivity, density, the thickness of insulations which determines the product effectiveness.

Market Overview:

The latest research study on the global High-Performance Insulation Materials market finds that the global High-Performance Insulation Materials market reached a value of USD 7413.94 million in 2022. It’s expected that the market will achieve USD 13110.14 million by 2028, exhibiting a CAGR of 9.97% during the forecast period.

Affect the normal operation of the industry

The impact of COVID-19 on the high-performance insulation material industry will involve all major links and all entities in the industry chain. The company's management efficiency has been reduced, commuting has been severely frustrated, production scheduling has been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and corporate and employee revenues have been damaged. The impact on the high-performance insulation material industry depends on the prevention and control effects of COVID-19.

SMEs in crisis

COVID-19 has a huge impact on the operation of the industry, of which the impact on SMEs is more obvious. The phenomenon of shutdown may not only aggravate the shortage of funds for SMEs, but also reduce the solvency of enterprises, and may affect production and sales. Some enterprises have fallen into business difficulties and even went bankrupt.

High production cost

Compared with traditional insulation materials, high-performance insulation materials have the highest heat resistance, enhanced sound insulation, lightness, reduced thickness and fire and water resistance. However, due to the high requirements of equipment for high-performance insulating materials, complicated processing techniques, high production costs, and high production costs are not conducive to good market development. Because the high production cost directly reduces the profitable space of the producer, for the producer, the profit is reduced, the technical investment and the capital investment for production expansion are reduced, which is not conducive to market competition.

People's awareness of greenhouse gas emissions continues to increase

Greenhouse gas emissions cause the greenhouse effect, and the continuous accumulation of the greenhouse effect causes global warming. With the global warming, people's awareness of greenhouse gas emissions continues to increase, and the products in high-performance insulating materials are less harmful to the earth's ozone layer, which will promote the growth of demand for high-performance insulating materials. At the same time, due to the increasing global concern for the environment, this is one of the factors driving the growth of the high-performance insulating material market.

Region Overview:

Geographically, North America held the largest market share – 34.82% in 2022.

Company Overview:

BASF SE is one of the major players operating in the High-Performance Insulation Materials market, holding a share of 16.77% in 2023.

BASF SE

BASF SE is a chemical company. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.

MORGAN THERMAL CERAMICS

Morgan Technical Ceramics (MTC) is a division of The Morgan Crucible Company plc, comprising Morgan Advanced Ceramics (MAC) and Morgan Electro Ceramics (MEC). The group manufactures products from a comprehensive range of ceramic, glass, precious metal, piezoelectric and dielectric materials.

Segmentation Overview:

As for product types, the Ceramic Fiber segment held the largest market share in 2022.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global High-Performance Insulation Materials market covered in Chapter 3:

UNIFRAX CORPORATION
THE 3M COMPANY
BASF SE
MORGAN THERMAL CERAMICS
CABOT CORPORATION
ASPEN AEROGELS, INC.
NANO HIGH-TECH CO., LTD.
ISOLITE INSULATING PRODUCTS CO., LTD.
SHANDONG LUYANG SHARE CO., LTD.

In Chapter 4 and Chapter 14.2, on the basis of types, the High-Performance Insulation Materials market from 2018 to 2029 is primarily split into:

Aerogel
Ceramic Fiber
Glass Bubble
EPS
XPS
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the High-Performance Insulation Materials market from 2018 to 2029 covers:

Oil & Gas
Industrial
Construction
Transportation and Power Generation
Automotive, and Paints & Coatings
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)