DUBLIN, May 30, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Microporous Insulation Market - Global Forecast to 2022" report to their offering.
The microporous insulation market is projected to grow from USD 125.74 Million in 2017 to USD 157.59 Million by 2022, at a CAGR of 4.62% during the forecast period. The growth of this market is primarily attributed to the superior properties of microporous insulation materials such as excellent thermal performance, hydrophobic nature, and good resistance to flame and weather. In addition, the high demand for microporous insulation materials from several industries, such as iron & steel, glass, and cement is contributing to the growth of the microporous insulation market.
The microporous insulation market has been segmented on the basis of product type, application, and region. On the basis of product type, the flexible panels segment is projected to grow at the highest CAGR during the forecast period. Flexible microporous insulation panels are used in high heat and compact scenarios that require less space for insulation.
On the basis of application, the microporous insulation market has been classified into industrial, energy & power, oil & gas, aerospace & defense, and others (that include automotive, foundry, and consumer appliances). The oil & gas segment is projected to grow at the highest CAGR between 2017 and 2022. Transportation of oil through pipelines necessitates the use of advanced insulation materials, thereby contributing to the growth of the microporous insulation market.
Based on region, the microporous insulation market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The market in the Asia-Pacific region is projected to grow at the highest CAGR from 2017 to 2022. Rapid industrialization, infrastructural developments, and increase in demand for microporous insulation from various industries such as oil & gas, power & energy, aerospace & defense, and automotive are factors driving the growth of the microporous insulation market in the Asia-Pacific region.
Companies Mentioned
- Anhui Ningguo Hantai New Materials Limited Company
- Beijing North Refractories Co., Ltd.
- Elmelin Ltd.
- Isoleika S. Coop.
- Johns Manville Corporation
- Kingspan Group PLC
- Laizhou Mingguang Thermal Insulation Material Co. Ltd.
- Langfang Chaochen Thermal Insulation Material Co., Ltd.
- Morgan Advanced Materials PLC
- Nati Refractories Co., Ltd.
- Nichias Corporation
- Promat International Nv
- Shandong Luyang (Luyang Energy-Saving Materials Co., Ltd.)
- Shanghai Nanovix Thermal Insulation Co., Ltd.
- Siltherm International Group Limited
- Sunsmed Protective Products Ltd.
- Techno Physik Engineering GmbH
- Thermodyne
- Thermost Thermtech Co., Ltd.
- Tianjin Morgan-Kundom Hi-Tech Development Co., Ltd.
- Unicorn Insulations Ltd.
- Unifrax LLC
- Zhongheng New Material Technology Co., Ltd.
- Zircar Ceramics Inc.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Microporous Insulation Market, By Product Type
8 Microporous Insulation, By Application
9 Microporous Insulation Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/sbbh98/microporous
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