According to the research report titled ‘Microporous Insulation Market Size By Material (Alumina Silica, Calcium Magnesium Silicate), By Product (Rigid Board & Panel, Flexible Panel), By End-use Sector (Oil & Gas, Metal Works, Energy & Power, Transportation) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Thailand, Indonesia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Israel, Iran), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, global microporous insulation market is expected to be worth USD 1.3 billion by the year 2025.
 

Growing awareness about climate change and environment protection, mounting demand for energy in emerging economies, and increasing number of space exploration projects are propelling global microporous insulation market growth.
 

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Notably, microporous insulation is a type of superior performance thermal insulation that can perform under very high temperatures. Such insulations have high thermal stability, low thermal conductivity, chemical resistance, and are extensively used in the transportation sector.
 

On the contrary, high capital & operating costs, as well as health risks associated with alumina silica are likely to restrain the industry growth trajectory over the forthcoming years.
 

Based on material type, the market space is classified into calcium magnesium silicate, and alumina silica. Among these, calcium magnesium silicate segment is touted to grow at a substantial pace over the forecast duration due to its environment and user-friendly characteristics, as opposed to the carcinogenic nature of alumina silica.
 

Considering the end-use sector, microporous insulation industry is segmented into oil & gas, energy & power, metal works, transportation, and others. Energy & power segment is poised to garner a CAGR of 17% over 2019-2025, owing to increased energy consumption by rapidly expanding global population.
 

From a regional frame of reference, Asia Pacific industry size is projected to bolster at a considerable pace over the assessment timeframe, owing to flourishing automotive manufacturing sector in the region. Additionally, increasing government investments towards automotive and e-vehicle manufacturing is also stimulating regional market growth.
 

Key players profiled in global microporous insulation market report are Zircar Ceramics Inc., Laizhou Mingguang Thermal Insulation Materials Co. Ltd., Isoleika S. Coop, Unicorn Insulations Ltd., Etex Building Performance NV, Thermodyne Engineering Systems, Johns Manville Corp., Nichias Corp., Unifrax LLC, Kingspan Group plc, Morgan Advanced Materials plc, and Aspen Aerogels Inc. among others.