The global microporous insulation market size was USD 160 Million in 2022 and is expected to reach USD 227.73 Million in 2032, and register a rapid revenue CAGR of 4% during the forecast period. Requirement for energy-efficient insulation solutions and rising demand from various end-use industries, including aerospace, automotive, and Oil & Gas (O&G), are major factors driving market revenue growth.

Microporous insulation is a type of insulating material used in various applications to lessen heat transfer and increase energy efficiency. In comparison to more conventional insulation materials, it is an extremely thin and light insulation material with better thermal insulation qualities. A low-conductivity gas or a vacuum is used to fill small and sealed cells that make up the material, which helps to minimize heat transmission.

The report highlights the acquisition of Rex Materials Groups by Unifrax in July 2020, which is expected to help the company expand its product portfolio of high-temperature engineered thermal components, enhance manufacturing capabilities, and support the mission of creating a greener, cleaner, and safer world.

The rigid boards and panels segment is expected to account for the largest revenue share in the global microporous insulation market during the forecast period, owing to its growing demand from industrial and commercial applications. Microporous rigid boards and panels offer excellent resistance to heat and fire, acting as an efficient barrier when used to line fire doors while maintaining thermal performance in the event of a fire.

The industrial segment is expected to account for a considerably large revenue share in the global microporous insulation market due to the rising need for insulation that saves space, weight, and energy among various industrial verticals. The microporous insulation market in Europe is expected to account for the largest revenue share, with major manufacturers operating in the region focusing on launching new and effective microporous insulation materials for high-performance applications.

In addition, increasing need for insulation products that are energy-efficient is another factor driving revenue growth of the market. Need to cut energy consumption, which has become a key problem in many industries, is the cause of rising demand for energy-efficient solutions. Microporous insulating materials are being employed more in various industries, including aerospace, automotive, and O&G.

Moreover, rising demand for high-temperature insulation materials is also expected to drive market revenue growth. This material is a great choice for use in high-temperature situations because of its strong thermal insulation qualities and ability to endure high temperatures.

The global microporous insulation market is segmented based on product type, application, and region. Some of the key players profiled in the report include Promat International, Morgan Advanced Materials, Isoleika S. Coop., Unicorn Insulations Limited, Johns Manville, NICHIAS CORPORATION, Unifrax, Elmelin, Advanced Ceramics Corp., and Kingspan Group plc.

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Microporous Insulation Market: Drive factors

The microporous insulation market is expected to grow due to several driving factors. These include increasing demand for microporous insulation from various industries such as automotive, aerospace & defense, oil & gas, energy & power, and industrial sectors. The use of high-temperature microporous insulation is becoming increasingly popular as it is the most efficient way to save energy and space, and helps reduce CO2 emissions, while enhancing safety. The ultra-thin and lightweight microporous insulation boards, rigid and flexible panels maintain the highest thermal stability in extreme environment conditions. Rising awareness about these product features is expected to boost the adoption rate of the product and drive revenue growth of the global microporous insulation market.

Furthermore, major players in the market are focusing on investing in research and development activities for the production of microporous insulation materials for high-performance applications that require lightweight, spacious, and optimal thermal management properties. The development of new and effective microporous insulation materials for high-performance applications by companies such as Promat International, Morgan Advanced Materials, Isoleika S. Coop., Elmelin, and Kingspan Group plc are expected to boost market revenue growth in the future.

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