Global microporous insulation market is estimated to grow at a considerable rate during the forecast period. Microporous insulation is a composite material fabricated with a blend of ceramic powder and fibers. The global microporous insulation market is driven by various factors which include wide end-use application in the industrial sector, growing demand for thermal insulation in refrigeration and cryogenic applications, and technical advantages of microporous insulating material. There is a requirement for high-temperature insulation materials in the oil & gas industry for the production of petrochemicals and other chemicals which comprises a series of processes that are connected by pipes at high temperature. This is expected to increase the demand for flexible microporous insulation panels in the oil & gas industry.

The global microporous insulation market is segmented on the basis of product and application. On the basis of the product, the market is bifurcated into a rigid panel and flexible panel. Further, on the basis of application, the market is segmented into industrial application, energy & power, oil & gas, aerospace & defense, and others. In the industrial sector, the microporous insulating materials are widely used in piping and equipment. Due to the high operating condition of temperature above 2500 F, the microporous insulating material is considered to be beneficial in the industrial sector. Apart from piping and equipment, microporous insulation is preferred for tanks, vessels, heat exchangers, valve and fitting insulation, exhaust ducts, electronic instruments, and fire protection in the industrial sector.

The global microporous insulation market is geographically segmented into North America, Europe, Asia-Pacific, and rest of the world. Asia-Pacific region is expected to grow at a significant rate during the forecast period. The major factor contributing to the substantial growth of the region include rapid industrialization in fast-growing economies such as India and China. Moreover, due to stringent regulations, thermal insulation has become mandatory, which as a result is supporting the growth of the market in the region. In addition, the Middle East region has established energy and gas sector, which as a result increasing the demand for thermal insulation in the rest of the world.

The market is composed of various market players which include Promat International NV, NICHIAS Corp., Johns Manville, Wacker Chemie AG, Murugappa Morgan Thermal Ceramics Ltd., Unifrax LLC, Techno Physik Engineering GmbH, Nanovix Thermal Insulation Co., Ltd., and Unicorn Insulations Ltd. Most of the players use third part channels to distribute their products in several countries. For instance, Murugappa Morgan Thermal Ceramics Ltd has expanded its presence in various countries through distributors including Refractory Partners S.A, Tianjin Nanji Star (NJS) Insulating Material Co., Ltd., Jays Refractory Specialists Ltd., and others.

Research Methodology

The market study of the global microporous insulation market is incorporated by extensive primary and secondary research conducted by a research team at OMR.  Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers and news blogs
• Company websites and their product catalog

The report is intended for microporous insulation products manufacturers, raw material suppliers and distributors, third party channels, manufacturing sector, industrial sector, energy & power service providers, research institutes, investment companies, and government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global Microporous Insulation Market Research and Analysis by Product
2. Global Microporous Insulation Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the global microporous insulation market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global microporous insulation market.
• Insights about market determinants which are stimulating the global microporous insulation market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.