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Microporous Insulation Market Analysis, Application, Regional Outlook, Competitive Strategies and Forecast to 2025

Author : Rahul Varpe | Published Date : 2019-11-05 

Global Market Insights, Inc. has recently added a new report on microporous insulation market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of Microporous Insulation industry. The material finds its extensive usage in auxiliary power units, exhaust systems, black boxes, and voyage data recorders (VDR) in aircrafts. With the growing usage of microporous insulation in the automotive industry, vehicle designers can achieve optimal thermal management throughout the engine and control systems. Moreover, its lightweight nature augments the load-carrying capacity in the vehicles, which in turn, accelerates its demand in the transportation sector.

Escalating demand from aerospace, automotive, and other transportation sectors in emerging countries will augment microporous insulation market share over the coming years. Microporous insulation is high-performance thermal insulation and used in a wide range of end-use applications to reduce energy consumption and saving manufacturers significant costs.

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Growth drivers are

  1. Rising space exploration activities around the world
  2. Growing automotive manufacturing in Asia-Pacific
  3. Escalating energy demand in the developing countries

Enumerated below are some notable factors expected to impact microporous insulation industry trends over the next few years:

Increased demand for energy worldwide

Energy demand is anticipated to increase considerably in the coming years as the result of growing population and economic development. The largest increase in energy demand will take place in developing economies where the proportion of global energy consumption is expected to surge. This, in turn, will drive the product demand across consolidated solar plants, conventional thermal plants, fuel cells and nuclear power stations due to its low shrinkage and low thermal conductivity.

It also aids in delivering improved energy efficiencies instantly as well as has the ability to resist thermal shocks at a very high temperature. Many emerging countries are consistently investing in oil & gas exploration activities to meet its growing demand. For instance, China is planning to invest more than USD 280 billion in oil, gas, and petrochemical segment of Iran.

Furthermore, China will also invest nearly USD 280 billion in the region to enhance its manufacturing and transportation infrastructure, which will boost microporous insulation market size over the estimated timeline.

Continuous growth in transportation sector

The market is mainly segmented into calcium magnesium silicate and alumina silica material. Reports estimate that alumina silica based microporous insulation industry share is projected to register a notable 11% CAGR between 2019-2025 due to its particularly high thermal stability and low thermal conductivity.

Its witnesses demand from several industries that work under high temperatures such as energy & power and transportation. In addition, higher fossil fuel prices and government policies and programs in support of alternative energy will further boost the adoption of renewable energy sources, impacting microporous insulation market trends.

Proliferation of automotive sector in North America

North America microporous insulation industry size may surpass USD 400 million by 2025. This is due to the rising technological changes in the automotive and other transportation sectors which are expected to progress even further in the digitized environment.

Partial Chapter of the Table of Content:

Microporous Insulation Market by Product

  • Rigid Boards & Panels
  • Flexible Panels
  • Others

Analysis By End-use sector

  • Oil & gas
  • Metal works
  • Energy & power
  • Transportation
  • Others

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Strong engineering expertise and cost-effective raw material availability and are some of the prominent factors complementing the deployment of microporous insulation in the automotive industry. Additionally, growing product demand in glass manufacturing, and consumer appliances businesses along with the tremendous adoption of cutting-edge technologies in the U.S. manufacturing sector will certainly accelerate microporous insulation market forecast.

In terms of end-use sector, the market is bifurcated into metal works, oil & gas, energy & power, and transportation. Among these, the oil & gas segment is poised to account for over USD 250 million of total microporous insulation industry size by 2025. Much of the rise in energy demand will result from rapid economic growth in emerging economies including India and China.

Read More:

Microporous Insulation Market Share, Growth Forecast- Global Industry Outlook

https://www.marketwatch.com/press-release/microporous-insulation-market-2019-business-growth-trend-and-forecast-2025-2019-11-01

Rare Earth Metals Market Outlook Industry Analysis, Size, Share, Growth, Trends and Forecast, 2024

https://www.marketwatch.com/press-release/rare-earth-metals-market-market-2019-by-regional-revenue-trend-and-growth-forecast-2025-2019-11-01

Metal Foam Market Report, Growth Forecast, Industry statistics Till 2025

https://www.marketwatch.com/press-release/metal-foam-market-2019-2025-business-growth-trend-and-forecast-2019-11-01

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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