Microporous Insulation Market

Microporous Insulation Market by Product Type (Rigid Boards & Panels, Flexible Panels, Machined Parts, Moldable Products), Application (Industrial, Energy & Power, Oil & Gas, Aerospace & Defense, Automotive, Foundry) - Global Forecast to 2022

Report Code: CH 5220 May, 2017, by marketsandmarkets.com

[134 Pages Report] The Microporous Insulation Market was valued at USD 120.25 Million in 2016 and is projected to reach USD 157.59 Million by 2022, at a CAGR of 4.62% from 2017 to 2022. The base year considered for the study is 2016, and the forecast period is from 2017 to 2022.

The objectives of the report are as follows:

  • To estimate and forecast the microporous insulation market size, in terms of value and volume
  • To provide detailed information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To define, describe, and forecast the market size on the basis of product type, application, and region
  • To forecast the size of the microporous insulation market with respect to five main regions (along with key country-level data), namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders
  • To track and analyze recent developments such as new product launches, expansions, collaborations, partnerships, agreements, joint ventures, and acquisitions in the microporous insulation market
  • To strategically profile key market players and comprehensively analyze their core competencies2

Both, top-down and bottom-up approaches were utilized to estimate and project the size of the microporous insulation market. The size of the microporous insulation market was calculated, and weightages were assigned to various market segments. This was performed on the basis of extensive primary interviews and secondary research based on the information available on websites of various associations, such as Microporous Insulation: Microtherm & Promalight and National Insulation Association. Primary research included extensive interviews with key personnel such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below.

Microporous Insulation Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the microporous insulation market comprises manufacturers of microporous insulation products, such as Promat HPI (Belgium), Morgan Advanced Materials (U.K.), Isoleika S. Coop. (Spain), Johns Manville (U.S.), ThermoDyne (U.S.), Unicorn Insulations Ltd. (Hong Kong), Unifrax LLC (U.K.), NICHIAS Corporation (Japan), TECHNO PHYSIK Engineering GmbH (Germany), and Elmelin Ltd. (U.K.); distributors of microporous insulation products such as Chosun Refractories Co., Ltd. (South Korea) , Imerys (France), Krosaki Harima Corporation (Japan), and Refratechnik Group (Germany); and end-use industries such as oil & gas, energy & power, metal, aerospace & defense, and automotive.

Target Audience:

  • Microporous Insulation Raw Material Suppliers
  • Refractory Manufacturers
  • Microporous Insulation Traders, Distributors, and Suppliers
  • End-Use Industries
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Research and Consulting Firms
  • R&D Institutions
  • Environment Support Agencies
  • Investment Banks and Private Equity Firms

“The study answers several questions for the stakeholders; primarily, which market segments they need to focus upon during the next two to five years to prioritize their efforts and investments.”

Scope of the Report

The research report categorizes the microporous insulation market into the following segments:

By Product Type:

  • Rigid Boards & Panels
  • Flexible Panels
  • Others (Moldable Products, Machined Parts, and Pourable Products)

By Application

  • Industrial
  • Energy & Power
  • Oil & Gas
  • Aerospace & Defense
  • Others (Automotive, Foundry, and Consumer Appliances)

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

  • Further breakdown of the Rest of Asia-Pacific, Rest of Europe, Rest of South America, and Rest of Middle East & Africa microporous insulation markets
  • Further breakdown of subsegments of the microporous insulation market.
  • Detailed analysis and profiling of additional market players (up to five)

The microporous insulation market is projected to grow from USD 125.74 Million in 2017 to USD 157.59 Million by 2022, at a CAGR of 4.62% during the forecast period. The growth of this market is primarily attributed to the superior properties of microporous insulation materials such as excellent thermal performance, hydrophobic nature, and good resistance to flame and weather. In addition, the high demand for microporous insulation materials from several industries, such as iron & steel, glass, and cement is contributing to the growth of the microporous insulation market.

The microporous insulation market has been segmented on the basis of product type, application, and region. On the basis of product type, the flexible panels segment is projected to grow at the highest CAGR during the forecast period. Flexible microporous insulation panels are used in high heat and compact scenarios that require less space for insulation.

On the basis of application, the microporous insulation market has been classified into industrial, energy & power, oil & gas, aerospace & defense, and others (that include automotive, foundry, and consumer appliances). The oil & gas segment is projected to grow at the highest CAGR between 2017 and 2022. Transportation of oil through pipelines necessitates the use of advanced insulation materials, thereby contributing to the growth of the microporous insulation market.

Based on region, the microporous insulation market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The market in the Asia-Pacific region is projected to grow at the highest CAGR from 2017 to 2022. Rapid industrialization, infrastructural developments, and increase in demand for microporous insulation from various industries such as oil & gas, power & energy, aerospace & defense, and automotive are factors driving the growth of the microporous insulation market in the Asia-Pacific region.

Microporous Insulation Market

One of the most significant factors restraining the growth of the microporous insulation market is the high manufacturing cost of microporous insulation panels. Low industrial production capacity is the key reason behind the high production cost of these insulation panels.

Expansions and acquisitions were considered as major development strategies adopted by key players operating in the microporous insulation market between 2014 and 2016. Companies such Promat International NV (Belgium) and Morgan Advanced Materials (U.K.) adopted these development strategies to enhance their product offerings and customer base as well as gain a competitive edge over their peers in the market. These companies are also focused on investing in research & development activities to introduce new and cost-effective manufacturing technologies to keep up with the changing consumer needs.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Market Size Estimation: Bottom-Up Approach
           2.2.2 Market Size Estimation: Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 29)
    4.1 Significant Opportunities in the Microporous Insulation Market
    4.2 Microporous Insulation Market in Asia-Pacific, By Application and Country
    4.3 Microporous Insulation Market, By Product Type
    4.4 Fastest-Growing Microporous Insulation Market

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Highest Thermal Resistance
                    5.2.1.2 Increasing Demand From End-Use Industries
                    5.2.1.3 Thinner and Lighter Than Conventional Insulating Material
           5.2.2 Restraints
                    5.2.2.1 High Manufacturing Cost
           5.2.3 Opportunities
                    5.2.3.1 Infrastructure Development in Emerging Economies
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness and Acceptance

6 Industry Trends (Page No. - 37)
    6.1 Introduction
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of Substitutes
           6.2.2 Threat of New Entrants
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Competitive Rivalry
    6.3 Macroeconomic Indicators
           6.3.1 GDP Growth Rate Forecast of Major Economies
           6.3.2 Trends and Forecast of Infrastructure Industry and Its Impact on Microporous Insulation Market
           6.3.3 Trends and Forecast of Automotive Industry and Its Impact on Microporous Insulation Market

7 Microporous Insulation Market, By Product Type (Page No. - 44)
    7.1 Introduction
    7.2 Rigid Boards & Panels
    7.3 Flexible Panels
    7.4 Others

8 Microporous Insulation, By Application (Page No. - 50)
    8.1 Introduction
    8.2 Industrial
           8.2.1 Iron & Steel
           8.2.2 Glass
           8.2.3 Cement
           8.2.4 Non-Ferrous Metal
    8.3 Energy & Power
           8.3.1 Conventional Power Generation
           8.3.2 Nuclear Power Generation
           8.3.3 Fuel Cells
    8.4 Oil & Gas
           8.4.1 Petrochemical
           8.4.2 Transportation
    8.5 Aerospace & Defense
           8.5.1 Aerospace
           8.5.2 Naval & Sea
           8.5.3 Army Munition
    8.6 Others
           8.6.1 Automotive
           8.6.2 Foundry
           8.6.3 Consumer Appliances

9 Microporous Insulation Market, By Region (Page No. - 60)
    9.1 Introduction
    9.2 Europe
           9.2.1 Germany
           9.2.2 U.K.
           9.2.3 Italy
           9.2.4 Russia
           9.2.5 Belgium
           9.2.6 France
           9.2.7 Rest of Europe
    9.3 Asia-Pacific
           9.3.1 China
           9.3.2 Japan
           9.3.3 Australia
           9.3.4 Thailand
           9.3.5 India
           9.3.6 Rest of Asia-Pacific
    9.4 North America
           9.4.1 U.S.
           9.4.2 Canada
           9.4.3 Mexico
    9.5 Middle East & Africa
           9.5.1 UAE
           9.5.2 South Africa
           9.5.3 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 97)
     10.1 Introduction
             10.1.1 Dynamic
             10.1.2 Innovator
             10.1.3 Vanguard
             10.1.4 Emerging
     10.2 Competitive Bench Marking
             10.2.1 Product Offerings
             10.2.2 Business Strategy
     10.3 Market Share Analysis
             10.3.1 Promat International Nv
             10.3.2 Morgan Thermal Ceramics
             10.3.3 Isoleika S. Coop.

11 Company Profiles (Page No. - 102)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Promat International Nv
     11.2 Morgan Advanced Materials PLC
     11.3 Isoleika S. Coop.
     11.4 Johns Manville Corporation
     11.5 Unifrax LLC
     11.6 Nichias Corporation
     11.7 Techno Physik Engineering GmbH
     11.8 Elmelin Ltd.
     11.9 Unicorn Insulations Ltd.
     11.10 Thermodyne
     11.11 Other Key Market Players
             11.11.1 Zircar Ceramics Inc.
             11.11.2 Kingspan Group PLC
             11.11.3 Anhui Ningguo Hantai New Materials Limited Company
             11.11.4 Nati Refractories Co., Ltd.
             11.11.5 Siltherm International Group Limited
             11.11.6 Thermost Thermtech Co., Ltd.
             11.11.7 Laizhou Mingguang Thermal Insulation Material Co. Ltd.
             11.11.8 Shanghai Nanovix Thermal Insulation Co., Ltd.
             11.11.9 Shandong Luyang (Luyang Energy-Saving Materials Co., Ltd.)
             11.11.10 Beijing North Refractories Co., Ltd.
             11.11.11 Langfang Chaochen Thermal Insulation Material Co., Ltd.
             11.11.12 Tianjin Morgan-Kundom Hi-Tech Development Co., Ltd.
             11.11.13 Laizhou Surya Thermal Insulation Material Co., Ltd.
             11.11.14 Sunsmed Protective Products Ltd.
             11.11.15 Zhongheng New Material Technology Co., Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 126)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (88 Tables)

Table 1 Thermal Conductivity of Microporous Insulation as Compared to Conventional Insulating Materials
Table 2 Trends and Forecast of GDP Growth Rate, 2017–2021
Table 3 Microporous Insulation Market Size, By Product Type, 2015–2022 (USD Million)
Table 4 Microporous Insulation Market Size, By Product Type, 2015–2022 (Metric Ton)
Table 5 Rigid Boards & Panels Market Size, By Region, 2015–2022 (USD Million)
Table 6 Rigid Boards & Panels Market Size, By Region, 2015–2022 (Metric Ton)
Table 7 Flexible Panels Market Size, By Region, 2015–2022 (USD Million)
Table 8 Flexible Panels Market Size, By Region, 2015–2022 (Metric Ton)
Table 9 Microporous Insulation Market Size in Others, By Region, 2015–2022 (USD Thousand)
Table 10 By Market Size in Others, By Region, 2015–2022 (Metric Ton)
Table 11 By Market Size, By Application, 2015–2022 (USD Million )
Table 12 By Market Size, By Application, 2015–2022 (Metric Ton)
Table 13 By Market Size in Industrial Application, By Region, 2015–2022 (USD Million)
Table 14 By Market Size in Industrial Application, By Region, 2015–2022 (Metric Ton)
Table 15 By Market Size in Energy & Power Application, By Region, 2015–2022 (USD Thousand)
Table 16 By Market Size in Energy & Power Applications, By Region, 2015–2022 (Metric Ton)
Table 17 By Market Size in Oil & Gas Application, By Region, 2015–2022 (USD Thousand)
Table 18 By Market Size in Oil & Gas Applications, By Region, 2015–2022 (Metric Ton)
Table 19 By Market Size in Aerospace & Defense Application, By Region, 2015–2022 (USD Thousand)
Table 20 By Market Size in Aerospace & Defense Application, By Region, 2015–2022 (Metric Ton)
Table 21 By Market Size in Other Applications, By Region, 2015–2022 (USD Thousand)
Table 22 By Market Size in Other Applications, By Region, 2015–2022 (Metric Ton)
Table 23 By Market Size, By Region, 2015–2022 (USD Million)
Table 24 By Market Size, By Region, 2015–2022 (Metric Ton)
Table 25 Europe: Microporous Insulation Market Size, By Country, 2015–2022 (USD Million)
Table 26 Europe: By Market Size, By Country, 2015–2022 (Metric Ton)
Table 27 Europe: By Market Size, By Application, 2015–2022 (USD Million)
Table 28 Europe: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 29 Germany: By Market Size, By Application, 2015–2022 (USD Million)
Table 30 Germany: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 31 U.K.: Microporous Insulation Market Size, By Applicationm, 2015–2022 (USD Thousand)
Table 32 U.K.: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 33 Italy: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 34 Italy: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 35 Russia: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 36 Russia: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 37 Belgium: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 38 Belgium: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 39 France: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 40 France: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 41 Rest of Europe: By Market Size, By Application, 2015–2022 (USD Million)
Table 42 Rest of Europe: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 43 Asia-Pacific: Microporous Insulation Market Size, By Country, 2015–2022 (USD Thousand)
Table 44 Asia-Pacific: By Market Size, By Country, 2015–2022 (Metric Ton)
Table 45 Asia-Pacific: By Market Size, By Application, 2015–2022 (USD Million)
Table 46 Asia-Pacific: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 47 China: Microporous Insulation Market Size, By Application, 2015–2022 (USD Million)
Table 48 China: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 49 Japan: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 50 Japan: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 51 Australia: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 52 Australia: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 53 Thailand: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 54 Thailand: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 55 India: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 56 India: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 57 Rest of Asia-Pacific: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 58 Rest of Asia-Pacific: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 59 North America: Microporous Insulation Market Size, By Country, 2015–2022 (USD Million)
Table 60 North America: By Market Size, By Country, 2015–2022 (Metric Ton)
Table 61 North America: By Market Size, By Application, 2015–2022 (USD Million)
Table 62 North America: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 63 U.S.: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 64 U.S.: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 65 Canada: Microporous Insulation Market Size, By Application, 2015–2022 (USD Thousand)
Table 66 Canada: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 67 Mexico: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 68 Mexico: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 69 Middle East & Africa: By Market Size, By Country, 2015–2022 (USD Million)
Table 70 Middle East & Africa: By Market Size, By Country, 2015–2022 (Metric Ton)
Table 71 Middle East & Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 72 Middle East & Africa: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 73 UAE: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 74 UAE: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 75 South Africa: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 76 South Africa: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 77 Rest of Middle East & Africa: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 78 Rest of Middle East & Africa: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 79 South America: Microporous Insulation Market Size, By Country, 2015–2022 (USD Thousand)
Table 80 South America: By Market Size, By Country, 2015–2022 (Metric Ton)
Table 81 South America: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 82 South America: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 83 Brazil: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 84 Brazil: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 85 Argentina: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 86 Argentina: By Market Size, By Application, 2015–2022 (Metric Ton)
Table 87 Rest of South America: By Market Size, By Application, 2015–2022 (USD Thousand)
Table 88 Rest of South America: By Market Size, By Application, 2015–2022 (Metric Ton)


List of Figures (29 Figures)

Figure 1 Microporous Insulation: Market Segmentation
Figure 2 Microporous Insulation Market: Research Design
Figure 3 Breakdown of Primary Interviews
Figure 4 Microporous Insulation Market: Data Triangulation
Figure 5 Industrial Segment to Be Dominant Application Between 2017 and 2022
Figure 6 Flexible Panels to Be the Dominant Microporous Insulation Product Between 2017 and 2022
Figure 7 Asia-Pacific to Be the Fastest-Growing Market for Microporous Insulation in Oil & Gas Application
Figure 8 China to Be Fastest-Growing Microporous Insulation Market Between 2017 and 2022
Figure 9 Asia-Pacific to Be the Fastest-Growing Market Between 2017 and 2022
Figure 10 Microporous Insulation Market Size, 2017 vs 2022 (USD Million)
Figure 11 China to Lead the Market in Asia-Pacific During Forecast Period
Figure 12 Flexible Panels Segment Accounted for Largest Market Share in 2016
Figure 13 China to Be Fastest-Growing Market Between 2016 and 2021
Figure 14 Porter’s Five Forces Analysis
Figure 15 Top 10 Countries With the Best Infrastructure in 2016
Figure 16 Global Infrastructural Investments By 2030
Figure 17 World Motor Vehicle Sales, 2016 (USD Million)
Figure 18 Automotive (Car) Sales Outlook, 2016 (Million Unit)
Figure 19 Flexible Panels Segment to Register Highest CAGR During Forecast Period
Figure 20 Industrial Segment to Account for Largest Share of Microporous Insulation Market Between 2017 and 2022
Figure 21 Europe Accounted for the Largest Share in Microporous Insulation Market in 2016
Figure 22 Europe Market Snapshot: Germany to Lead the Microporous Insulation Market During Forecast Period
Figure 23 Asia-Pacific Market Snapshot: China to Lead Microporous Insulation Market
Figure 24 North America Market Snapshot: U.S. to Lead Microporous Insulation Market During Forecast Period
Figure 25 Dive Chart
Figure 26 Market Share Analysis for Microporous Insulation Market, 2016
Figure 27 Morgan Advanced Materials PLC: Company Snapshot
Figure 28 Johns Manville: Company Snapshot
Figure 29 Nichias Corporation: Company Snapshot


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