The global microporous insulation market reached a value of D 168.15 Million in 2024. The industry is further expected to grow at a CAGR of 4.80% in the forecast period of 2025-2034 to reach a value of around USD 268.73 Million by 2034.
The growing demand for thermal management is anticipated to bolster the market growth of microporous insulation industry. The use of microporous insulation products helps reduce the heat of industrial machinery, which enhances the productivity and durability of these machines. This is estimated to bolster the use of microporous insulation in the industrial sector. In addition, the heightened demand for microporous products in the aerospace sector, owing to its light weight and heat resistant properties is projected to support the market growth in the forecast period. Furthermore, microporous products are increasingly utilised in the oil and gas sector owing to their thermal insulation and fire protection attributes, which are essential in the production of petrochemicals. Additionally, microporous insulation products play a crucial role in reducing heat and mitigating the rising levels of global warming caused by the greenhouse gas emissions. This is predicted to augment the market growth in the forecast period.
Industrial Sector to Stimulate the Growth of the Microporous Insulation Industry
The rapid industrialisation worldwide, fuelled by the expanding population, is projected to bolster the demand for microporous insulation solutions. This can be attributed to its increased usage in thermal insulation management as it helps control the heat from the machines, keeps them cool, which further increases their durability. In addition, the improved efficiency and productivity offered by these insulations and the reduced toxin emanation are further estimated to support the market growth in the forecast period. Furthermore, microporous insulation is sustainable, eco-friendly, and cost-effective, which is expected to add to its overall popularity in the forecast period.Europe to Possess a Significant Market Share in the Microporous Insulation Industry
The environmental concerns and the imposition of stringent government norms and policies aimed at reducing carbon emissions are likely to bolster the market growth in Europe. Meanwhile, the growing industrialisation and heightened infrastructure development activities are expected to drive the market in the Asia Pacific region. Additionally, the rising demand for automobiles and energy in this region is projected to propel the microporous insulation industry growth.Microporous Insulation: Market Segmentation
Scientists of the US Military first prepared microporous insulation to provide thermal insulation to aircraft. It is in the form of a powder or fibre and contains a low amount of silica along with microscopic pores of diameters less than two nanometres. Among its various advantages include reduced heat transmission, lightweight, long-term durability, and high compressive strength.Market Breakup by Product
- Rigid Boards and Panels
- Flexible Panels
- Others
Market Breakup by Application
- Industrial
- Energy and Power
- Oil and Gas
- Aerospace and Defence
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The growing demand for thermal management is anticipated to bolster the market growth of microporous insulation industry. The use of microporous insulation products helps reduce the heat of industrial machinery, which enhances the productivity and durability of these machines. This is estimated to bolster the use of microporous insulation in the industrial sector. In addition, the heightened demand for microporous products in the aerospace sector, owing to its light weight and heat resistant properties is projected to support the market growth in the forecast period. Furthermore, microporous products are increasingly utilised in the oil and gas sector owing to their thermal insulation and fire protection attributes, which are essential in the production of petrochemicals. Additionally, microporous insulation products play a crucial role in reducing heat and mitigating the rising levels of global warming caused by the greenhouse gas emissions. This is predicted to augment the market growth in the forecast period.
Key Industry Players in the Global Microporous Insulation Market
The report gives a detailed analysis of the following key players in the global microporous insulation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Etex Building Performance NV (Promat)
- Johns Manville Corporation
- Morgan Advanced Materials PLC
- Unifrax I LLC
- Nichias Corporation
- Techno Physik Engineering GmbH
- Elmelin Ltd.
- Unicorn Insulations Ltd.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Microporous Insulation Market Analysis
6 North America Microporous Insulation Market Analysis
7 Europe Microporous Insulation Market Analysis
8 Asia Pacific Microporous Insulation Market Analysis
9 Latin America Microporous Insulation Market Analysis
10 Middle East and Africa Microporous Insulation Market Analysis
11 Market Dynamics
14 Competitive Landscape
Companies Mentioned
- Etex Building Performance NV (Promat)
- Johns Manville Corporation
- Morgan Advanced Materials PLC
- Unifrax I LLC
- Nichias Corporation
- Techno Physik Engineering GmbH
- Elmelin Ltd.
- Unicorn Insulations Ltd.
