Selbyville, Delaware, Sept. 30, 2019 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. has recently added a new report on microporous insulation market which provides a succinct analysis of the market size, revenue forecast and the regional landscape. The report states the global microporous insulation market is set to cross USD 1.3 billion revenue by 2025. Expansion in the aerospace, automotive and other transportation industries across the world will largely drive the market growth during the anticipated timeframe. Microporous insulation finds its wide usage in exhaust systems, auxiliary power units, voyage data recorders (VDR) and black boxes, which in turn will increase its demand over the near-term.
The market is mainly classified by material into calcium magnesium silicate and alumina silica. Here, alumina silica based microporous insulations are expected to increase with a rate close to 11% CAGR by 2025 owing to its wide usage under elevated temperatures i.e., 1000°C and above in developing countries. Moreover, its ability to resist creep and thermal expansion further increases its demand in various end-use sectors.
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Some of the microporous insulation market growth drivers: -
1. Rising space exploration activities around the world
2. Growing automotive manufacturing in Asia-Pacific
3. Escalating energy demand in the developing countries
On the basis of product, the microporous insulation market comprises of rigid boards and panel, flexible boards and other form of products, which includes machined, moldable, and pourable microporous insulations. Rigid boards & panels nearly generates a revenue of more than USD 130 million in 2018 and is likely to grow with the significant CAGR by 2025, owing to its extensive usage in metal works industry and energy & power sector.
By end-use sector, the market is categorized into metal works, oil & gas, transportation, energy & power and others, which includes consumer appliances and glass manufacturing. Among these, oil & gas sector will generate revenue over USD 250 million by 2025 and is likely to grow at substantial growth rate. Rising demand from automotive, aerospace and other transportation industries will augment product market positively in the coming years.
Browse key industry insights spread across 240 pages with 339 market data tables & 21 figures & charts from the report, “Microporous Insulation Market Size By Material (Alumina Silica, Calcium Magnesium Silicate), By Product (Rigid Board & Panel, Flexible Panel), By End-use Sector (Oil & Gas, Metal Works, Energy & Power, Transportation), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Thailand, Indonesia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Israel, Iran), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/microporous-insulation-market
North America microporous insulation market share will be valued at more than USD 400 million in 2025. This is due to its focus on better technology in automotive, aerospace and other transportation sectors. Moreover, its demand in the region is likely to increase due to rise in efficient energy & power supply needs over the recent years.
Major participants in the market share include Morgan Advanced Materials, Aspen Aerogels, Inc., Kingspan Insulation LLC and Unifrax LLC to name some.
Partial Chapters from the Table of Contents (TOC): -
Chapter 2. Executive Summary
2.1. Microporous insulations industry 360° synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Material trends
2.1.3. Product by end-use trends
2.1.4. End-user trends
2.1.5. Regional trends
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Chapter 3. Microporous Insulations Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Profit margin analysis
3.3.3. Value addition at each stage
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.3.5.1. List of key manufacturers and suppliers
3.3.5.2. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.2.1. Aerogels
3.4.3. Future trends
3.5. Industry megatrends
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.2. Industry pitfalls & challenges
3.6.2.1. High manufacturing & operational cost
3.6.2.2. Health hazards associated with alumina silica
3.7. Regulatory trends
3.7.1. U.S.
3.7.2. Europe
3.7.3. Asia Pacific
3.8. Growth potential analysis
3.9. Competitive landscape, 2018
3.9.1. Company market share, 2018
3.9.2. Strategy dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. Price trends
3.11.1. Regional price trends
3.11.2. Price trend by material
3.11.3. Cost structure analysis
3.11.3.1. R&D cost
3.11.3.2. Manufacturing & equipment cost
3.11.3.3. Raw material cost
3.11.3.4. Distribution cost
3.11.3.5. Operating cost
3.11.3.6. Miscellaneous cost
3.12. PESTEL analysis
Read complete table of contents of this report@ https://www.gminsights.com/toc/detail/microporous-insulation-market
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https://www.gminsights.com/industry-analysis/aerogel-insulation-market
2. Global Insulation Market Report, 2019-2024
The ever-increasing construction activities and a swift pace of industrialization across numerous emerging economies would primarily drive the need for advanced insulating materials. In addition to this, the rising demand for energy efficient and durable homes coupled with technological developments in insulation technology would further boost the commercialization scale of the overall insulation industry in the ensuing years. In fact, as per a research report collated by Global Market Insights, Inc., the total revenue collection of the worldwide insulation market is estimated to surpass a humongous USD 70 billion by 2024.
https://www.gminsights.com/industry-analysis/insulation-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.