Dublin, Dec. 15, 2023 (GLOBE NEWSWIRE) -- The "Microporous Insulation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Microporous Insulation Market to Reach $244.9 Million by 2030
The global market for Microporous Insulation estimated at US$165.5 Million in the year 2022, is projected to reach a revised size of US$244.9 Million by 2030, growing at a CAGR of 5% over the analysis period 2022-2030. Rigid Boards & Panels, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$112.1 Million by the end of the analysis period. Growth in the Flexible Panels segment is estimated at 5.8% CAGR for the next 8-year period. 
The U.S. Market is Estimated at $43.9 Million, While China is Forecast to Grow at 7.8% CAGR
From analyzing the potentially exponential growth in regions like China, to studying the steady progress in developed markets like the US, Japan, Germany and Canada, our report offers a highly detailed geopolitical analysis. This systematic study also covers the promising market in Asia-Pacific which is led by emerging economies such as Australia, India, and South Korea.
The Microporous Insulation market in the U.S. is estimated at US$43.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$54.6 Million by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 371 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $165.5 Million |
| Forecasted Market Value (USD) by 2030 | $244.9 Million |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Focus on Enhancing Automotive Performance with Improved Insulation Drives Opportunities for Microporous Insulation
- Opportunities for Microporous Insulation in the Automotive Industry to Move In-Tandem With Production Trends: Global Light Vehicle Production (In Million Units) for Years 2019 Through 2025
- Robust Power Generation Activity Fuels Demand for Insulation
- Growing Focus On Nuclear Energy Opens Opportunities for the Use of Microporous Insulation in Nuclear Power Plants
- Growing Concerns Over Safety & Strong Outlook for Nuclear Power Plant & Equipment to Expand the Addressable Market Opportunity for Microporous Insulation: Global Market for Nuclear Power Plant & Equipment (In US$ Billion) for Years 2022, 2024, 2026, 2028 and 2030
- Thermal Management for Fuel Cells Throws the Spotlight on Microporous Insulation Solutions
- Robust Commercial Outlook for Fuel Cells to Open Up New Opportunities for Microporous Insulation in Thermal Management of Fuel Cells: Global Market for Fuel Cells (In US$ Million) for Years 2022, 2024, 2026
- Growing Industrial Insulation Needs Bodes Well for Market Growth
- Strong Opportunities for Microporous Insulation in Aircraft Manufacturing
- Insulation Needs for the Oil & Gas Industry Brings Microporous Insulation Into the Spotlight
MARKET OVERVIEW
- Growing Focus on Energy Efficiency Drives Up the Importance of Insulation as One of the Most Easy & Efficient Ways to Conserve Energy
- As Clamor for Energy Efficiency Grows, So Does the Business Case for Insulation as One of the Essential Elements for Ensuring Energy Efficiency of Equipment & Infrastructure: Global Opportunity for Thermal Insulation (In US$ Billion) for Years 2022, 2024, 2026, 2028, and 2030
- What's Ahead for Businesses & Markets?
- Competition
- Microporous Insulation - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Brief Overview of Microporous Insulation
- Recent Market Activity
FOCUS ON SELECT PLAYERS(Total 57 Featured)
- Evonik Industries AG
- Johns Manville
- Morgan Advanced Materials PLC
- Kingspan Group PLC
- Nichias Corporation
- BIFIRE S.r.l.
- Armil C.F.S., Inc.
- IMS Insulations
- Lynn Manufacturing
- North Refractories Co.,Ltd.
- KyungDong One Co., Ltd.
- Inproheat Industries Ltd.
- HoganAs Borgestad Holding AB
- Luyang Energy-saving Materials Co., Ltd.
- Jiangshan Agrochemical and Chemical
For more information about this report visit https://www.researchandmarkets.com/r/4xw51
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