Market Analysis: Global Microporous Insulation Market

Global Microporous Insulation Market is expected to rise from its initial estimated value of USD 132.92 million in 2018 to an estimated value of USD 193.55 million by 2026, registering a CAGR of 4.81% in the forecast period of 2019-2026. Increasing demand of microporous insulation from various applications is major factor for the growth of this market.

Few of the major competitors currently working in microporous insulation market are Promat International NV, Morgan Advanced Materials, Unicorn Insulations Limited, Johns Manville, NICHIAS Corporation, Thermodyne Engineering System, Unifrax, Elmelin Ltd, Advanced Ceramics Corp, Kingspan Group, KYUNGDONG ONE CO. LTD, LUYANG ENERGY-SAVING MATERIALS CO.,LTD., McAllister Mills, Inc.,            REFRALTEC, Silca Service and Distribution Company for Insulation Materials mbH, TECHNO PHYSIK Engineering GmbH, ZIRCAR Ceramics., Murugappa Group.

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Market Definition: Global Microporous Insulation Market

Microporous materials are the materials that are create with small orifices which have diameter less than 2nm. These materials are usually used in laboratories to easily contaminate the free exchange of gases. Microporous materials are highly preferred in various industries like energy, power, oil & gas, aerospace etc. which is fuelling the growth of this market.

Market Drivers:

Increase demand in aerospace and defence industry is driving the growth of this market
Rising demand in oil & gas industries for high thermal resistant materials are driving the market

Market Restraints:

High production cost is the major factor restraining the market
Increasing demand of aqua phobic material in humid conditions is restraining the market growth
Segmentation: Global Microporous Insulation Market

By Product Type

 Rigid Boards & Panels
 Flexible Panels
 Others
Moldable Products
Machined Parts
Pourable Products

By Applications

 Industrial
Iron & Steel
Glass
Cement
Non-Ferrous Metal
Ceramic
 Energy & Power
Conventional Power Generation
Nuclear Power Generation
Fuel Cells
 Oil & Gas
Petrochemical
Transportation
 Aerospace & Defence
Aerospace
Naval & Sea
Army Munition
 Others
Automotive
Consumer Appliances

By Geography

North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa

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Key Developments in the Market:

In March 2018, Solvay announced the launch of their multi-layer microporous vacuum channel for resin infusion. VAC-PLY VMS3 which is specially designed to remove the dry spot during resin infusion processes by maximising the air. They also reduce the resin penetration by improving the linear adhesive bond.
In February 2018, Tejin Limited announced that they will increase the capacity of Matsuyama Factory which will expand the production of MIRA IM high-performance microporous membrane production. The main aim is to meet the increasing demand of the product. These MIRA IM is very useful as heat exchangers and fuel cells in the energy field.
Competitive Analysis: Global Microporous Insulation Market

Global microporous insulation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of microporous insulation market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.