Insulation or thermal insulation is the process of reducing heat transfer between two or more objects that are in the range of thermal contact or relative influence. Materials that help in reducing heat gain or loss by offering a barrier within the areas are known as insulation materials. The insulation capability of the materials depends on their thermal conductivity. Materials that provide superior insulation are known as high performance, are used in several application such as oil & gas, construction, transportation and power generation, automotive and paints and coatings industries.

High Performance Insulation Materials Market Outlook – Growing Construction Industry To Drive Market Growth

The growing construction sector is expected to have an immense positive impact on the growth of high performance insulation materials market. According to a study conducted by Coherent Market Insights, the global construction industry is projected to be pegged at over US$ 15 trillion by 2024, with Asia Pacific positioned as the growth engine (the regional market is expected to witness a massive 30% CAGR over 2016–2024). Growing population is a key factor towards growth of the construction industry. Rapid growth of retail industry is also fueling market growth.

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High Performance Insulation Materials Market Taxonomy

On the basis of product type, the global market is classified into:

Aerogel

Ceramic Fiber

Glass Bubbles

Polystyrene

Others

On the basis of end-use industry, the global market is segmented into:

Energy

Oil & Gas

Construction

Automotive

Major Keyplayers: Aspen Aerogels Inc., Unifrax Corporation, Nano High-Tech Company Ltd., Cabot Corporation, Ibiden Co Ltd., Morgan Thermal Ceramics, and, The 3M Company.

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