Global microporous insulation market is growing at a significant CAGR during the forecast period. Microporous insulation is a composite material in the form of fibers with pores having a diameter less than 2 nm (nanometer). This insulation consists of opacifier which reduces the amount of radiant heat emission. The resulting material and pore structure produce thermal insulation which has very low thermal conductivity across various temperature, these materials have lower thermal conductivity than ceramic fiber materials. The microporous material is inorganic, due to which it is non-combustible and is also suitable for fire protection applications.
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Essential Characteristics of Microporous Insulation
- Exceptional thermal efficiency
- Low weight with high compression strength
- Ability to withstand high temperatures
- Easy fabrication
- Space and weight saver
- good resistance to flame and weather
The primary factor for the rising demand of microporous insulation is a growing aerospace industry. One of the major ways to improve aircraft performance is reducing its structural weight, lighter material allows more speed and less operational cost. Additionally, it may also lead to less fuel consumption and thus making the aerospace industry one of the most prominent sectors which need more lightweight materials. Lighter material allows an aircraft to increase its load-carrying capacity. Due to this, the industry is moving towards microporous insulation which enables them to meet space and weight specifications and simultaneously increases performance. This has significantly contributed to the growth of the global microporous insulation market.
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Another industry is power and energy with increasing fuel prices and the main cause of global warming due to fossil fuels. These industries are tilting towards renewable energy sources such as solar power, biofuels and so on. These sources exist freely in nature, never run out and are eco-friendly. Moreover, the use of microporous insulation will play a crucial role due to low maintenance and better thermal efficiency which will allow them to produce more electricity. Additionally, nuclear power plants need maximum efficiency in power generation and optimized heat flows and minimum wastage through heat loss. This is significantly contributing to the growth of the microporous insulation market.
Due to the exceptional thermal efficiency and lightweight, microporous insulation has found increasing demand in oil and gas industries. Oil and gas industries are more prone to blasts, fire and high temperature. Thermal insulation is one of the crucial requirements during manufacturing due to high levels of heat emission by steam turbines, gas turbines, boilers, and furnaces. These industries require materials which can withstand high temperature with very less thermal conductivity.
Global Microporous Insulation Market: Segmentation
Global Microporous Insulation Market by Product
- Rigid Panel
- Flexible Panel
Global Microporous Insulation Market by Application
- Industrial
- Energy & Power
- Oil & Gas
- Aerospace & Defense
- Others (Automotive, Consumer Appliances)
Global Microporous Insulation Market: Region
North America
- US
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
• Advanced Ceramics Corp.
• ARMIL C.F.S., Inc.
• Elmelin Ltd.
• Industrial Process Heat Engineering Ltd.
• Isoleika S. Coop.
• Johns Manville
• KyungDong One Co., Ltd.
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