Microporous Insulation Market Size

Microporous Insulation Market Size

Microporous Insulation Market was valued at over USD 937.9 million by 2023. It is expected to grow at a CAGR of 6% between 2024 and 2032. This growth is mainly due to increased demand from the automotive, aerospace, and transportation sectors in both developed and developing countries.

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Microporous insulation is a high-performance thermal barrier used in applications that operate at high temperatures, usually around 600 °C and above. It has low thermal conductivity, high compression resistance, and low heat storage. These features make it popular in heat treatment furnaces, melting furnaces, induction furnaces, fuel cells, and other energy applications.
 

In addition to its existing applications, microporous insulation is increasingly being used in the power sector. This includes coal and gas-fired power stations and nuclear power plants that operate under extreme temperatures. Its ability to resist thermal shocks at high temperatures also makes it valuable in the global metalworking and manufacturing sectors. Moreover, increasing investments in the automotive, aerospace, and defense sectors in the Asia Pacific, particularly in India, China, and Japan, are expected to further boost the market during the forecast period. Its low shrinkage and non-combustible nature make it highly sought after in glass manufacturing industries, especially for applications like forehearths, feeder bowls, holding furnaces, and recuperators.

Rising manufacturing and operational costs could hinder the microporous insulation market share in the short term, potentially squeezing profit margins for manufacturers and suppliers. Additionally, the carcinogenic properties of alumina silica might pose challenges to the market during the forecast period. On a positive note, the increasing adoption of microporous insulation in storage heating, domestic ovens, and various home appliances is set to drive its demand soon.