Title: Microporous Insulation Market SWOT Analysis, Business Growth Opportunities, Forecast By 2025
1 Microporous Insulation Market 2021 Detailed
Analysis of Current and Post-COVID-19 scenario
Forecasts by 2025
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2Global Market Scenario of Microporous Insulation
Industry
- According to a Global Market Insight Inc.,
report, global microporous insulation market size
is poised to surpass US1.3 billion annually by
2025. Stated below are some factors driving the
industry outlook. - Augmented usage of microporous insulation market
has been observed worldwide to regulate
high-temperature emission from various end-use
applications, due to rising concerns pertaining
to the environment and climate change across the
globe. A growing number of industries around the
world such as manufacturing, aerospace,
construction, and others are fueling up the
demand for insulation in various industrial
applications. - Utilization in transportation sector
- The end-use section of the market is bifurcated
into metal works, transportation, oil gas,
energy power, and other end-use industries
including consumer appliances, glass
manufacturing, among others. Microporous
insulation works as a high-performance thermal
insulator under very high temperatures. Extensive
deployment of these insulations in the
transportation sector is attributed to its
exceptional properties such as high thermal
stability, thermal conductivity, and chemical
resistive nature.
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3Continue-
- In the aerospace industry, the product is widely
utilized to regulate high temperatures in the
exhaust system, auxiliary power units, voyage
data recorders, and black boxes. Microporous
insulation industry share form the energy and
power sector is likely to grow rapidly at 17
CAGR up to 2025, due to surging energy demand by
the increasing population across the globe. - Applications in aerospace industry
- A flourishing aerospace industry will escalate
the demand for microporous insulation market in
multiple applications. Also, high investments in
the sector are expected to encourage substantial
utilization of the product in the coming years,
especially post the coronavirus pandemic when
manufacturers could look to ramp up production. A
space mapping startup, LeoLabs, raised US13
million in a Series A funding round steered by
WERU Investment of Tokyo and Airbus Ventures, and
as per the World Economic Forum, investments in
aerospace start-ups brought up more than US1
billion in 2018. - Based on the product, microporous insulations
are categorized into flexible and rigid boards,
panels, and other products such as moldable,
machined, and pourable insulations.
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5360 Industry Analysis
- The different type of microporous insulation
materials are alumina-silica and calcium
magnesium silicate. Notably, calcium magnesium
silicate-based microporous insulation happens to
be environment and user friendly in nature, which
makes it among the largest and fastest-growing
materials in the market. - Asia Pacific microporous insulation market is
expected to gain substantial traction owing to
the thriving automotive manufacturing industry in
the region. Also, extensive government
investments in automotive and e-vehicle
manufacturing is likely to trigger high demand
for the materials. Gradual rise in electronics
production, oil gas exploration activities and
the metal works sector will foster insulation
consumption worldwide. -
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6- Competitive Analysis
- Aspen Aerogels, Inc., Morgan Advanced Materials,
and Kingspan Insulation LLC. Further, well-known
product manufacturers in the industry include
Unifrax LLC, NICHIAS Corporation, Johns Manville,
ThermoDyne, Etex Building Performance N.V and
Unicorn Insulations Ltd are some of the key
players operating in the Microporous Insulation
Market.
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