Future Market Insights
The microporous insulation materials are used in applications where space is limited and superior thermal insulation performance is required. Insulation materials are precisely designed to decrease the heat flow by restricting heat conduction, radiation and convection and performs functions like conserving energy by reducing heat loss, increasing operating efficiency of heating, plumbing, steam and various other systems found in industrial and commercial installations. Microporous insulation material are considered to be very efficient insulation products, they have thermal conductivity value lower than still air. The performance of microporous insulation material depends on their ability to block the three modes of heat transfer they are convention, radiation and conduction. Microporous insulation material are made up of fibers, silica and other specially developed infrared opacifiers which reduce thermal transport processes by reflection and absorption of radiant heat. Microporous insulation material are widely used for applications in process piping insulation, furnace lining back-up insulation, heat shields in aerospace and ladle lining solutions for metal products. Microporous insulation material provides excellent energy conservation and alumina based microporous insulation material provides advanced insulation with ultra-low thermal conductivity.
Global Microporous Insulation Material Market: Market Dynamics
The factors driving the global microporous insulation material market are the hydrophobic nature, good resistance to flame and weather and excellent thermal performance. The increase in industrialization and infrastructural development has led to increase in global microporous insulation material. The demand for microporous insulation material in manufacturing industries like glass, cement, iron & steel has led to growth in the global microporous insulation material market. The preference of light weighted insulating materials over traditional material is another factor pushing the market to grow. The factor restraining the global microporous insulation material in coming years is the expensive manufacturing process
Global Microporous Insulation Material Market: Market segmentation
The global microporous insulation material market has been classified by product type, end users, application and grade.
On the basis of product type, the global microporous insulation material market is segmented into:
Rigid boards and panels
On the basis of end users, the global microporous insulation material market is segmented into:
Military & defense
Oil & gas
Power & energy
On the basis of application, the global microporous insulation material market is segmented into:
Kiln and industrial furnace insulation lining
Fuel cell and power plan insulation
On the basis of grade, the global microporous insulation material market is segmented into:
Global Microporous Insulation Material Market: segmentation overview
Manufacturing industry and aviation Industry has higher rate of usage of microporous insulation material for heat shield application and insulation. Flexible panels are preferred by industries due to energy efficiency requirement.
Global Microporous Insulation Material Market: Regional overview
Based on the geographies, the global microporous insulation material market is fragmented into seven key regions- Latin America, North America, Eastern Europe, and Western Europe, Middle East & Africa, Asia-Pacific except Japan and Japan. Among the regions mentioned above, Western Europe and North America are the largest contributor to the global microporous insulation materials while Asia-Pacific except Japan is expected to have a higher growth rate followed by japan. Latin America is expected to have a sluggish growth rate due to preference for substitutes. Overall the global microporous insulation material is expected to have a high growth rate owing to increase in the industrialization and infrastructural development.
Global Microporous Insulation Material market players
Some of the market players identified in the global microporous insulation material market includes:
Unifrax I LLC
Morgan Advanced Materials plc
Promat international Nv
ZIRCAR Ceramics, Inc.
Unicorn insulation Ltd.
Zircar ceramics Inc.
John Manville corporation
Isoleika S. Coop.
TECHNO PHYSIK Engineering GmbH
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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