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Microporous Insulation Market estimated to be USD 983.6 million in 2017 and is projected to reach USD 1,232.8 million by 2022, at a CAGR of 4.62% from 2017 to 2022

Press Release   •   Jun 01, 2017 03:12 GMT

"Microporous Insulation Market estimated to be USD 983.6 million in 2017 and is projected to reach USD 1,232.8 million by 2022, at a CAGR of 4.62% from 2017 to 2022 – Global Forecast to 2022" published in June 2017. It is a professional and in-depth study.

Summary

Market Research Report Storeannounces a new report"Microporous Insulation Market"added to its database.The microporous insulation market is estimated to be USD 983.6 million in 2017 and is projected to reach USD 1,232.8 million by 2022, at a CAGR of 4.62% from 2017 to 2022. The growth of this market is mainly attributed to the rise in infrastructural developments in emerging countries, such as China, India, and Brazil. Furthermore, the increasing demand for microporous insulation materials from glass and cement industries is another significant factor driving the growth of the microporous insulation market.

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“The flexible panels segment accounted for the largest share of the microporous insulation market”

The flexible panels segment accounted for the largest share of the microporous insulation market in 2016. This large share is mainly attributed to energy efficiency requirements, as governments of various countries and organizations worldwide need to comply with international norms and regulations.

“Europe accounted for the largest share of the microporous insulation market in 2016”

On the basis of region, the microporous insulation market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Europe is considered to be the largest market for microporous insulation, owing to the increasing demand for microporous insulation materials for various high-temperature applications in the oil & gas, energy & power, and metal & glass industries. In addition, Asia-Pacific accounted for the second-largest share of the microporous insulation market in 2016; the market in this region is projected to grow at the highest CAGR between 2017 and 2022. This growth is mainly attributed to the expansion of major end-use industries such as oil & gas, energy, transportation, and automotive.

Breakdown of primaries:

Primary interviews were conducted with a number of industry experts to collect information related to the microporous insulation market. The breakdown of primary interviews is depicted below:

  • By Company: Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
  • By Designation: C Level – 21%, Director Level – 23%, and Others – 56%
  • By Region: North America – 30%, Europe – 18%, Asia-Pacific – 41%, and South America and Middle East & Africa – 11%
  • Key companies supplying microporous insulation materials and related products are given as follows:
  • Promat HPI (Belgium)
  • Morgan Advanced Materials (U.K.)
  • Isoleika S. Coop. (Spain)
  • Johns Manville (U.S.)
  • Unifrax LLC (U.K.)
  • NICHIAS Corporation (Japan)
  • TECHNO PHYSIK Engineering GmbH (Germany)
  • Elmelin Ltd. (U.K.)
  • Unicorn Insulations Ltd. (Hong Kong)
  • ThermoDyne (U.S.)
  • RESEARCH COVERAGE

    This report segments the microporous insulation market on the basis of product type, application, and region, and provides estimations for the overall value of the market and its subsegments across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overview, products & services, key growth strategies, and recent developments (such as expansions, new products & technology launches, acquisitions, partnerships, agreements, and joint ventures) associated with the microporous insulation market.

    REASONS TO BUY THE REPORT:

    This report will help leaders/new entrants in this market in the following ways:

  • To analyze and have a better understanding of the microporous insulation market
  • To provide information on key market drivers, restraints, challenges, and opportunities
  • To gain insights regarding competitors and their position in the microporous insulation market
  • TABLE OF CONTENTS

    1 INTRODUCTION 13

    1.1 OBJECTIVES OF THE STUDY 13

    1.2 MARKET DEFINITION 13

    1.3 MARKET SCOPE 14

    1.3.1 MARKETS COVERED 14

    1.3.2 YEARS CONSIDERED FOR THE STUDY 14

    1.4 CURRENCY 15

    1.5 PACKAGE SIZE 15

    1.6 STAKEHOLDERS 15

    2 RESEARCH METHODOLOGY 16

    2.1 RESEARCH DATA 16

    2.1.1 SECONDARY DATA 17

    2.1.1.1 Key data from secondary sources 17

    2.1.2 PRIMARY DATA 18

    2.1.2.1 Key data from primary sources 18

    2.1.2.2 Breakdown of primary interviews 19

    2.2 MARKET SIZE ESTIMATION 19

    2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 20

    2.2.2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 20

    2.3 DATA TRIANGULATION 21

    2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 22

    2.4.1 ASSUMPTIONS 22

    2.4.2 LIMITATIONS 22

    3 EXECUTIVE SUMMARY 23

    4 PREMIUM INSIGHTS 29

    4.1 SIGNIFICANT OPPORTUNITIES IN THE MICROPOROUS INSULATION MARKET 29

    4.2 MICROPOROUS INSULATION MARKET IN ASIA-PACIFIC, BY APPLICATION AND COUNTRY 30

    4.3 MICROPOROUS INSULATION MARKET, BY PRODUCT TYPE 30

    4.4 FASTEST-GROWING MICROPOROUS INSULATION MARKET 31

    5 MARKET OVERVIEW 32

    5.1 INTRODUCTION 33

    5.2 MARKET DYNAMICS 34

    5.2.1 DRIVERS 34

    5.2.1.1 Highest thermal resistance 34

    5.2.1.2 Increasing demand from end-use industries 34

    5.2.1.3 Thinner and lighter than conventional insulating material 35

    5.2.2 RESTRAINTS 36

    5.2.2.1 High manufacturing cost 36

    5.2.3 OPPORTUNITIES 36

    5.2.3.1 Infrastructure development in emerging economies 36

    5.2.4 CHALLENGES 36

    5.2.4.1 Lack of awareness and acceptance 36

    6 INDUSTRY TRENDS 37

    6.1 INTRODUCTION 37

    6.2 PORTER’S FIVE FORCES ANALYSIS 37

    6.2.1 THREAT OF SUBSTITUTES 38

    6.2.2 THREAT OF NEW ENTRANTS 38

    6.2.3 BARGAINING POWER OF SUPPLIERS 39

    6.2.4 BARGAINING POWER OF BUYERS 39

    6.2.5 INTENSITY OF COMPETITIVE RIVALRY 39

    6.3 MACROECONOMIC INDICATORS 40

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    Market Research Report Store

    About Market Research Report Store

    Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

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