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Global Microporous Insulation Market to Grow at a CAGR of 4.80% During 2022-2027, Aided by the Increasing Environmental Consciousness

According to a new report by EMR titled, ‘Global Microporous Insulation Market Report and Forecast 2022-2027’, the global market for microporous insulation attained USD 153.1 million in 2021. The industry is further expected to grow at a CAGR of 4.80% in the forecast period of 2022-2027 to reach USD 203.0 million by 2027.

The rapid industrialisation and urbanisation across the globe, fuelled by the rapidly increasing population, is projected to bolster the market growth in the forecast period. This can be attributed to the increase in applications of microporous insulation across industries, owing to its exceptional characteristics of such as reduced heat transfer, durability, light weight, and high compressive strength. In addition, the imposition of government regulations aimed towards decreasing the emissions of greenhouse gases and carbon compounds is projected to spearhead the adoption of microporous insulations. Furthermore, the rapid technological advancements and the growing investments in the research and development activities by the industry players are expected to aid the market growth in the forecast period.

The growing demand for insulation across industry verticals is propelling the market players, such as Johns Manville, a Berkshire Hathaway (NYSE: BRK.A, BRK.B) company, to develop new and innovative insulation solutions, which is predicted to aid the market growth. For instance, Unifrax, a leading provider of high-performance speciality fibres and inorganic materials, offers products like Excelfrax 1800Board and Excel 1800 Flexliner which possess superior insulating characteristics like resistance to thermal shock, non-combustibility, high density, and compression resistance.

Market Analysis by Product, Application, and Region:

  • The microporous insulation industry, on basis of product, is categorised into rigid boards and panels, and flexible panels, among others.
  • Based on its application, the microporous insulation industry can be segmented into industrial, energy and power, oil and gas, and aerospace and defence, among others.
  • The regional markets for microporous insulation include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for microporous insulation is being driven by the rapid industrialisation.
  • The exceptional characteristics of microporous insulation such as thermal management and cost effectiveness are further augmenting the market growth.
  • The imposition of government initiatives to control the carbon emissions is bolstering the market growth.
  • The rapid technological advancements and the investments made in research and development activities by the key players operating in the industry are expected to propel the market growth in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for microporous insulation for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the products, applications, and major regions of microporous insulation.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global microporous insulation market are Etex Building Performance NV (Promat), Johns Manville Corporation, Morgan Advanced Materials PLC, Unifrax I LLC, Nichias Corporation, Techno Physik Engineering GmbH, Elmelin Ltd., and Unicorn Insulations Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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