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Global Microporous Insulation Market Size, Share, Growth: By Product: Rigid Boards and Panels, Flexible Panels, Others; By Application: Industrial, Energy and Power, Oil and Gas, Aerospace and Defence, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Microporous Insulation Market Outlook
The global microporous insulation market reached a value of about USD 168.15 million in 2023. The industry is further expected to grow at a CAGR of 4.80% in the forecast period of 2024-2032 to reach a value of around USD 256.63 million by 2032.
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Industrial Sector to Stimulate the Growth of the Microporous Insulation Industry
The rapid industrialisation worldwide, fuelled by the expanding population, is projected to bolster the demand for microporous insulation solutions. This can be attributed to its increased usage in thermal insulation management as it helps control the heat from the machines, keeps them cool, which further increases their durability. In addition, the improved efficiency and productivity offered by these insulations and the reduced toxin emanation are further estimated to support the market growth in the forecast period. Furthermore, microporous insulation is sustainable, eco-friendly, and cost-effective, which is expected to add to its overall popularity in the forecast period.
Europe to Possess a Significant Market Share in the Microporous Insulation Industry
The environmental concerns and the imposition of stringent government norms and policies aimed at reducing carbon emissions are likely to bolster the market growth in Europe. Meanwhile, the growing industrialisation and heightened infrastructure development activities are expected to drive the market in the Asia Pacific region. Additionally, the rising demand for automobiles and energy in this region is projected to propel the microporous insulation industry growth.
Microporous Insulation: Market Segmentation
Scientists of the US Military first prepared microporous insulation to provide thermal insulation to aircraft. It is in the form of a powder or fibre and contains a low amount of silica along with microscopic pores of diameters less than two nanometres. Among its various advantages include reduced heat transmission, lightweight, long-term durability, and high compressive strength.
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Based on product, the market can be categorised into:
- Rigid Boards and Panels
- Flexible Panels
- Others
Based on application, the market can be bifurcated into:
- Industrial
- Energy and Power
- Oil and Gas
- Aerospace and Defence
- Others
The regional markets for microporous insulation can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for Thermal Management and Environmental Consciousness to Stimulate the Microporous Insulation Industry
The growing demand for thermal management is anticipated to bolster the market growth of microporous insulation industry. The use of microporous insulation products helps reduce the heat of industrial machinery, which enhances the productivity and durability of these machines. This is estimated to bolster the use of microporous insulation in the industrial sector. In addition, the heightened demand for microporous products in the aerospace sector, owing to its light weight and heat resistant properties is projected to support the market growth in the forecast period. Furthermore, microporous products are increasingly utilised in the oil and gas sector owing to their thermal insulation and fire protection attributes, which are essential in the production of petrochemicals. Additionally, microporous insulation products play a crucial role in reducing heat and mitigating the rising levels of global warming caused by the greenhouse gas emissions. This is predicted to augment the market growth in the forecast period.
Key Industry Players in the Global Microporous Insulation Market
The report gives a detailed analysis of the following key players in the global microporous insulation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Etex Building Performance NV (Promat)
- Johns Manville Corporation
- Morgan Advanced Materials PLC
- Unifrax I LLC
- Nichias Corporation
- Techno Physik Engineering GmbH
- Elmelin Ltd.
- Unicorn Insulations Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Microporous Insulation Market Analysis
8.1 Key Industry Highlights
8.2 Global Microporous Insulation Historical Market (2018-2023)
8.3 Global Microporous Insulation Market Forecast (2024-2032)
8.4 Global Microporous Insulation Market by Product
8.4.1 Rigid Boards and Panels
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Flexible Panels
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Microporous Insulation Market by Application
8.5.1 Industrial
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Energy and Power
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Oil and Gas
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Aerospace and Defence
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Microporous Insulation Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Microporous Insulation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Microporous Insulation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Microporous Insulation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Microporous Insulation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Microporous Insulation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Etex Building Performance NV (Promat)
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Johns Manville Corporation
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Morgan Advanced Materials PLC
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Unifrax I LLC
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Nichias Corporation
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Techno Physik Engineering GmbH
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Elmelin Ltd.
17.2.7.1 Company Overview
17.7.7.2 Product Portfolio
17.7.7.3 Demographic Reach and Achievements
17.7.7.4 Certifications
17.2.8 Unicorn Insulations Ltd.
17.2.8.1 Company Overview
17.7.8.2 Product Portfolio
17.7.8.3 Demographic Reach and Achievements
17.7.8.4 Certifications
17.2.9 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Microporous Insulation Market: Key Industry Highlights, 2018 and 2032
2. Global Microporous Insulation Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Microporous Insulation Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Microporous Insulation Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Microporous Insulation Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Microporous Insulation Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Microporous Insulation Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Microporous Insulation Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Microporous Insulation Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Microporous Insulation Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Microporous Insulation Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Microporous Insulation Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Microporous Insulation Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Microporous Insulation Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Microporous Insulation Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Microporous Insulation Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Microporous Insulation Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Microporous Insulation Market Structure
Key Questions Answered in the Report
In 2023, the global microporous insulation market attained a value of nearly USD 168.15 million.
The market is projected to grow at a CAGR of 4.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 256.63 million by 2032.
The major industry drivers are rapid industrialisation, growing demand for thermal management, imposition of stringent government norms to control emissions, and heightened demand across industry verticals.
The key industry trends are rising environmental consciousness.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major market divisions, based on product, include rigid board panels, flexible panels, and others.
The significant applications of the product include industrial, energy and power, oil and gas, aerospace and defence, and others.
The major players in the industry 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.
Analyst Review
The global microporous insulation market attained a value of nearly USD 168.15 million in 2023, driven by the rapid industrialisation. Aided by the growing environmental consciousness, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.80%. The market is projected to reach about USD 256.63 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of product, the market is categorised as 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 major regional markets for microporous insulation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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