The Microporous Insulation market is predicted to grow at a CAGR 3.78% rate during the forecast period.

Microporous insulation is a composite material and is inorganic in nature, making it non-combustible and suitable for passive fire protection applications. The growing industrialization in Asia Pacific and South America region and increasing oil & gas production in countries, such as the US, Saudi Arabia, Iran, and Russia are expected to drive the demand for microporous insulation.The microporous insulation market has been segmented into industrial, energy & power, oil & gas, aerospace & defense, and others. The industrial segment is expected to hold the largest market share, in terms of value, followed by the energy & power segment, in 2017. Rapid industrialization in Asia Pacific, South America, among other regions, is projected to drive the growth for the respective segment.
Europe is estimated to be the dominating market for microporous insulation in 2018 and is expected to continue to lead the market till 2023, attributed to rising awareness to conserve energy in the region. Presence of stringent regulations regarding the use of insulation materials which comply with Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) and European in the region drives its demand.
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1. Microporous Insulation Market, By Product Type
1.1. Rigid Boards & Panels
1.2. Flexible Panels
1.3. Others

2. Microporous Insulation, By Application
2.1. Industrial
2.1.1. Iron and steel
2.1.2. Glass
2.1.3. Cement
2.1.4. Non-ferrous metal
2.1.5. Ceramic
2.2. Energy & Power
2.2.1. Conventional power generation
2.2.2. Nuclear power generation
2.2.3. Fuel cells
2.3. Oil & Gas
2.3.1. Petrochemical
2.3.2. Transportation
2.4. Aerospace & Defense
2.4.1. Aerospace
2.4.2. Naval and sea
2.4.3. Army munition
2.5. Others
2.5.1. Automotive
2.5.2. Consumer appliances

3. Microporous Insulation Market, By Region
3.1. North America
3.2. Europe
3.3. Asia Pacific
3.4. Rest of World
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