Microporous Insulation Market Set to Reach $1.3 Billion by 2027, Growing at a Revised CAGR of 3.1% due to COVID-19 - ResearchAndMarkets.com

Amid the COVID-19 crisis, the global market for Microporous Insulation estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 3.1% over the analysis period 2020-2027.

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Summary
Key Points: 
  • Amid the COVID-19 crisis, the global market for Microporous Insulation estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 3.1% over the analysis period 2020-2027.
  • Rigid Boards & Panels, one of the segments analyzed in the report, is projected to grow at a 3.4% CAGR to reach US$518.1 Million by the end of the analysis period.
  • This segment currently accounts for a 44.5% share of the global Microporous Insulation market.
  • China, the world second largest economy, is forecast to reach an estimated market size of US$264.7 Million in the year 2027 trailing a CAGR of 5.8% through 2027.


The "Microporous Insulation - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Microporous Insulation Market to Reach US$1.3 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Microporous Insulation estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 3.1% over the analysis period 2020-2027.

Rigid Boards & Panels, one of the segments analyzed in the report, is projected to grow at a 3.4% CAGR to reach US$518.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Flexible Panels segment is readjusted to a revised 2.4% CAGR for the next 7-year period. This segment currently accounts for a 44.5% share of the global Microporous Insulation market.

The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 5.8% CAGR for the Period of 2020-2027

The Microporous Insulation market in the U. S. is estimated at US$279.9 Million in the year 2020. The country currently accounts for a 27.01% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$264.7 Million in the year 2027 trailing a CAGR of 5.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR while Rest of European market (as defined in the study) will reach US$264.7 Million by the year 2027.

Other Product Types Segment Corners a 16.1% Share in 2020

In the global Other Product Types segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$125.7 Million in the year 2020 will reach a projected size of US$161.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$178.2 Million by the year 2027, while Latin America will expand at a 5.2% CAGR through the analysis period.

The publisher brings years of research experience to this 6th edition of the report. The 286-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Anhui Ningguo Hantai New Materials Limited Company
  • BeiJing North Refractories Co. Ltd.
  • Elmelin Ltd.
  • Isoleika S. Coop.
  • Johns Manville Corporation
  • Kingspan Group PLC
  • Laizhou Mingguang Thermal Insulation Material Co. Ltd.
  • Laizhou Surya Thermal Insulation Material Co., Ltd.
  • Luyang Energy-Saving Materials Co., Ltd.
  • Morgan Advanced Materials PLC
  • Nati Refractories Co., Ltd.
  • Nichias Corporation
  • Promat International SA
  • Shanghai Nanovix Thermal Insulation Co., Ltd.
  • Siltherm In't Group Limited
  • Sunsmed Protective Products Ltd.
  • Techno Physik Engineering GmbH
  • Thermodyne Engineering System
  • Thermost Thermtech Co., Ltd.
  • Tianjin Morgan-Kundom Hi-Tech Development Co., Ltd.
  • Unicorn Insulations Ltd.
  • Unifrax I LLC
  • Zhongheng New Material Technology Co., Ltd.
  • ZIRCAR Ceramics, Inc.

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Microporous Insulation Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 43

For more information about this report visit https://www.researchandmarkets.com/r/4mz6t0

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