The global Microporous Insulation Market size is expected to reach USD 215.2 Million in 2028 and register a revenue CAGR of 5.2% over the forecast period, according to the latest report by Reports and Data. Increasing demand for Microporous Insulation Board from automotive, aerospace defense, oil gas, energy power, and industrial sectors is expected to drive the market revenue growth during the forecast period. Increasing demand for high-temperature Microporous Insulation Board as it is the most efficient way to save energy and space, increase the scope of product applications, lower CO2 emissions, and enhance safety. The ultra-thin and lightweight Microporous Insulation Board boards, and rigid and flexible panels maintain the highest thermal stability in extreme environmental conditions. Rising awareness regarding this product feature is expected to boost the adoption rate of the product and drive revenue growth in the global Microporous Insulation Board market. Microporous materials help in maximizing thermal efficiency and process control and reduce the insulation lining thickness by a factor of four in comparison to traditional insulation. Low density, thinness, and lightweight of microporous materials offer various benefits in terms of storage, transport, handling, and installation time.
Major players are focusing and investing in research and development activities for the production of Microporous Insulation Board materials for high-performance applications that require lightweight, spacious, and optimal thermal management properties. Mink and WDS microporous products and systems of Morgan Advanced Materials offer critical thermal management performance to a number of products of various end-use industries. Their wide range of products support energy savings, save space, and offer reduced weight.
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Major Factors Driving the Global Microporous Insulation Board Market Revenue Growth
Revenue growth of the global materials chemicals industry is primarily driven by factors such as rapid industrialization and substantially growing demand for chemicals materials in various industries including pharmaceutical, food beverage, oil gas, personal care cosmetics, pulp paper, textile, and manufacturing industries. Growing environmental awareness, increasing use of environmentally sustainable chemicals and raw materials, technological advances in manufacturing techniques, growing use of organic industrial chemicals, and rising need for high-performance specialty chemicals are other factors driving market revenue growth.
Top Companies Profiled in the Report:
Promat International (Etex Building Performance NV), Morgan Advanced Materials, Isoleika S. Coop., Unicorn Insulations Limited, Johns Manville, NICHIAS CORPORATION, Unifrax, Elmelin, Advanced Ceramics Corp., and Kingspan Group plc.
Regional Outlook
The key regions covered in the report are as follows:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Product Type Outlook (Revenue, USD Million; 2018-2028)
Rigid Boards and panels
Flexible panels
Others
Application Outlook (Revenue, USD Million; 2018-2028)
Industrial
Energy power
Oil and Gas
Aerospace Defense
Automotive
Fire protection
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