High Performance Insulation Materials Market
Global High Performance Insulation Materials Market - Industry Trends, Outlook,
Regulatory Bodies & Regulations and Key Market Players
Insulation or thermal insulation is the process of reducing heat transfer between two or more objects
that are in the range of thermal contact or relative influence. Materials that help in reducing heat
gain or loss by offering a barrier within the areas are known as insulation materials. The insulation
capability of the materials depends on their thermal conductivity. Materials that provide superior
insulation are known as high performance, are used in several application such as oil & gas,
construction, transportation and power generation, automotive and paints and coatings industries.
High Performance Insulation Materials Market Outlook – Growing Construction Industry To
Drive Market Growth
The growing construction sector is expected to have an immense positive impact on the growth of
high performance insulation materials market. According to a study conducted by Coherent Market
Insights, the global construction industry is projected to be pegged at over US$ 15 trillion by 2024,
with Asia Pacific positioned as the growth engine (the regional market is expected to witness a
massive 30% CAGR over 2016–2024). Growing population is a key factor towards growth of the
construction industry. Rapid growth of retail industry is also fueling market growth.
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High Performance Insulation Materials Market Taxonomy
On the basis of product type, the global market is classified into:
Aerogel
Ceramic Fiber
Glass Bubbles
Polystyrene
Others
On the basis of end-use industry, the global market is segmented into:
Energy
Oil & Gas
Construction
Automotive
Major Keyplayers: Aspen Aerogels Inc., Unifrax Corporation, Nano High-Tech Company Ltd.,
Cabot Corporation, Ibiden Co Ltd., Morgan Thermal Ceramics, and, The 3M Company.
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