Microporous Insulation Market Forecasts to 2028 – Global Analysis By Material (Alumina Silica and Calcium Magnesium Silicate), Product (Rigid Boards & Panels, Flexible Panels, Machined Parts, Pourable Products, Mouldable Products, Feeder Bowl Kits, Vacuum

Microporous Insulation Market Forecasts to 2028 – Global Analysis By Material (Alumina Silica and Calcium Magnesium Silicate), Product (Rigid Boards & Panels, Flexible Panels, Machined Parts, Pourable Products, Mouldable Products, Feeder Bowl Kits, Vacuum Insulated Panels and Other Products), Application, End User and By Geography

According tStratistics MRC, the Global Microporous Insulation Market is accounted for $ 159.47 million in 2022 and is expected treach $ 216.16 million by 2028 growing at a CAGR of 5.2% during the forecast period. Microporous Insulation is a solution in the form of compacted powder or fibers with an average interconnecting pore size comparable tor below the mean free path of air molecules at standard atmospheric pressure. Microporous insulation solutions provide ideal fire barriers tsafeguard steel, aluminum, or composite (GRP) structures against fire. Microporous insulation materials are the best option when a significant temperature drop is needed in a constrained area or when tight heat loss or surface temperature criteria are specified.

According tInternational Energy Agency reports, oil & gas sector is facing huge requirement of advanced microporous insulation materials for transporting oil & gas tdistant areas.

Market Dynamics:

Driver:

Rising need for high temperature insulation

In very abrasive environments, microporous insulation aids in maintaining the greatest levels of thermal stability. It provides process control and thermal efficiency maximization. The growing need for high temperature insulation in order tlower CO2 emissions, conserve energy and space, improve safety, and expand the capacity where the product is implemented are the key reasons propelling the market revenue growth.

Restraint:

High cost associated with manufacturing process

In order tcreate a unique range of densities and a very small range of the highest possible porosity, microporous insulation material is made by combining high quality agglomerates of filaments and selective grade opacifiers by pressing the mixture at a very specific pressure range of densities. These materials are more expensive tproduce than traditional insulation materials, which may reduce demand for the product and hamper the market growth.

Opportunity:

Raising demand of microporous insulation material in oil & gas applications

At a mean temperature of 800 degrees, microporous insulation has an exceptionally low thermal conductivity that ranges from 0.021 w/m.k. t0.034 w/m.k. It is four tfive times more thermally efficient than traditional insulating materials. In addition thaving great thermal performance, it offers strong resistance tflame and harsh weather. These elements are fuelling the market growth.

Threat:

Lack of commercialization

The reason for the high manufacturing cost is the lack of commercialization and the poor industrial production capability. Low output will market if the level of commercialization is low. In developing nations, there is a dearth of information on the qualities of microporous insulating materials, which drives up manufacturing costs and hinders the market expansion.

Covid-19 Impact

The pandemic has hampered the development of the microporous materials industry and adversely affected the oil and gas and automobile sectors, whose demand has fallen as a result of the slowing economy and decreased travel. During the epidemic, there has been a spike in the need for medical supplies and equipment, which has led tan increase in the manufacture of microporous materials. As a result, several producers of microporous materials have switched their focus from oil and gas applications tthe medical and healthcare sectors.

The rigid boards & panels segment is expected tbe the largest during the forecast period

The rigid boards & panels segment is estimated thave a lucrative growth, due tgrowing product demand for industrial and commercial applications. Microporous rigid boards & panels have been enclosed in a high temperature glass facing tfacilitate handling and reduce dust. Its qualities, such as their outstanding strength, rigidity, and high compression resistance, are anticipated tincrease demand for the product and drive the market revenue.

The aerospace & defense segment is expected thave the highest CAGR during the forecast period

The aerospace & defense segment is anticipated twitness the fastest CAGR growth during the forecast period, due tits insulation qualities. Mica-based microporous insulating materials help in manufacturing heat shields, aircraft ducts, tubing and other mechanical parts of aircraft. Its efficient solutions are being used more often by technology-driven aircraft manufacturers, which are driving the segment’s growth.

Region with largest share:

Europe is projected thold the largest market share during the forecast period owing trising demand across a variety of industries. Energy & power, automotive, oil & gas, and aerospace & defense sectors are raising high demand due tthe presence of strict energy consumption and insulation standards. Several major firms in this region are making significant investments. These aspects are benefitting the market growth in this region.

Region with highest CAGR:

Asia Pacific is projected thave the highest CAGR over the forecast period, owing tincreasing industrial activities and supportive government initiatives in countries such as China, India, and Japan. With rapid urbanization and industrialization, emerging nations like China and India are building their infrastructure quickly. This is increasing demand for goods like iron, steel, glass, and cement, which is predicted tfuel market revenue growth in the region.

Key players in the market

Some of the key players profiled in the Microporous Insulation Market include Promat International N.V., Morgan Advanced Materials plc, Isoleika S. Coop, Unicorn Insulations Limited, ThermoDyne, Unifrax, Elmelin Ltd, Johns Manville, NICHIAS Corp, Advanced Ceramics Corporation, Refraltec, Shanghai Nanovix Thermal Insulation, Mcallister Mills Inc, Nati Refractories and Kingspan Group Plc.

Key Developments:

In April 2021, Kingspan launched first inaugural Planet Passionate Sustainability Report and targets net zercarbon manufacturing. Significant progress made across the 12 ‘Planet Passionate’ commitments treduce environmental impact by 2030.

In December 2020, Unifrax announced the launch of their latest low bio-persistent product line: Insulfrax® 1300 HT Blanket and Insulfrax 1300 HT Anchor-Loc® Modules. Insulfrax 1300 HT products represent the next generation of low bio-persistent (LBP) thermal insulation from Unifrax. With the addition of Insulfrax 1300 HT fibre products, Unifrax now offers the most comprehensive portfoliin the marketplace for high temperature insulation products.

Materials Covered:
• Alumina Silica
• Calcium Magnesium Silicate

Products Covered:
• Rigid Boards & Panels
• Flexible Panels
• Machined Parts
• Pourable Products
• Mouldable Products
• Feeder Bowl Kits
• Vacuum Insulated Panels
• Other Products

Applications Covered:
• Emission Control
• Fire Proofing
• Piping Insulation
• Thermal Management
• Kiln & Industrial Furnace Insulation Lining
• Fuel Cell & Power Plan Insulation

End Users Covered:
• Automotive
• Fire Protection
• Iron & Steel
• Cement
• Oil & Gas
• Energy & Power
• Glass
• Chemical
• Aerospace & Defence
• Consumer Appliances
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements