Microporous Insulation Market
SHERIDAN, WYOMING, UNITED STATES, November 15, 2022 /
EINPresswire.com/ -- According to the latest report by IMARC Group, titled “Microporous Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global microporous insulation market size reached US$ 148.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 192.5 Million by 2027, exhibiting a growth rate (CAGR) of 4.6% during 2022-2027.
Microporous insulation is an inorganic and non-combustible composite material offering compressive strength, excellent fire barrier, minimal thermal shrinkage, and resistance to liquids and chemicals. It is an interconnecting pore size comparable to the average free path of air molecules present at standard atmospheric pressure.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
At present, microporous insulation is used in manufacturing components of an aircraft, such as heat shields and recorder boxes, to provide heat-resistance to interiors and exteriors without the need for a vacuum. This, in confluence with considerable growth in the aerospace industry, represents one of the major factors bolstering the growth of the market. In addition, the burgeoning automotive sector is catalyzing the demand for microporous insulation to minimize surface temperature, friction, resistance to vibration, and excellent acoustic performance. Apart from this, extensive investment in research and development (R&D) activities to develop innovative product variants is creating a positive outlook for the market.
Breakup by Material:
Alumina Silica
Calcium Magnesium Silicate
Others
Breakup by Product:
Rigid Boards and Panels
Flexible Panels
Others
Breakup by Application:
Industrial
Energy and Power
Oil and Gas
Aerospace and Defense
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Elmelin Ltd
Etex Group
Isoleika S. Coop
Johns Manville Corporation (Berkshire Hathaway Inc.)
Kingspan Group Plc
Morgan Advanced Materials plc
NICHIAS Corporation
Siltherm Group Holdings Limited
TECHNO-PHYSIK Engineering GmbH
Unicorn Insulations Limited
Unifrax LLC
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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