Microporous Insulation Market is expected to surpass USD 1.3 billion by 2025. Rising environment and climate concerns across the world will increase product usage to regulate high temperature emissions from various end-use applications.

Some major findings of the microporous insulation market report include:

  • > The demand for calcium magnesium silicate based microporous insulation is increasing across the globe due to carcinogenic nature alumina silica.
  • > Rising population will increase energy demands, which in turn will augment product usage in power stations for various applications.
  • > Prominent players operating in the microporous insulation market are Aspen Aerogels, Inc., Morgan Advanced Materials PLC, Kingspan Insulation LLC and Unifrax LLC.
  • > Companies in market compete through product differentiation, innovation, and services offered through various platforms to reach distinct end-use industries.

Microporous insulation is a high performance thermal insulation which operates under very high temperatures. These insulations find extensive usage in transportation sector owing to low thermal conductivity, high thermal stability and most chemicals resistive nature. Thriving aerospace industry will increase product usage in auxiliary power units, exhaust systems, black boxes and voyage data recorders to regulate high temperatures. Moreover, growing investments in the sector will further boost produce utilization near term. For instance, LeoLabs, a space mapping startup has raised USD 13 million in a Series A funding round led by Airbus Ventures and WERU Investment of Tokyo and as per World Economic Forum start-ups in aerospace sector has received over USD 1 billion investment in 2018.

Growing trend towards sustainable industrialization will increase product usage in furnaces, stoves, and chimneys to regulate high temperatures and resist thermal shocks. This in turn will increase microporous insulations demand in metal works, glass manufacturing and end-use sectors. However, high capital and operational expense may restrain microporous insulations market over the near-term.

Global microporous insulation market is broadly segmented on the basis of material, products and end-use sectors. By material the market is classified into alumina silica and calcium magnesium silicate. Here, calcium magnesium silicate based microporous insulations is the largest and fastest growing material in the market, which is due to its environment and user friendly nature.

By product, the market is predominantly classified into rigid boards and panels, flexible boards and other products such as pourable, machined and moldable microporous insulations. Machined microporous insulation possesses very good thermal and mechanical properties and are available with various coverings & coatings for incorporation into requiring products and assemblies.

Based on end-use sector, the market is segmented into energy & power, oil & gas, transportation, metal works and others end-use sectors that include glass manufacturing, consumer appliances, etc. Energy & power segment is among the fastest growing with the CAGR of around 17% in the market owing to rising energy demand for expanding population across the world.

Asia pacific is the fastest growing region in the market owing to rising automotive manufacturing in the region. Additionally, various governments in the region are significantly investing in automotive and e-vehicles manufacturing. For instance, Indian government has allocated an investment of around USD 1.14 billion for National Electric Mobility Mission Plan 2020 in addition to this government of India will also initiate the second phase of FAME (Faster Adoption and Manufacturing of Hybrid and Electronic Vehicles) in the region. Which in turn will increase microporous insulation market during the anticipated timeframe.

Microporous insulation market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
Microporous Insulation Market by Material
Alumina silica
Calcium magnesium silicate

Microporous Insulation Market by Product
Rigid Boards & Panels
Flexible Panels

Microporous Insulation Market by End-use sector
Oil & gas
Metal works
Energy & power

The above information is provided on a regional and country basis for the following:
North America


Asia Pacific
South Korea

Latin America

South Africa
Saudi Arabia