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  • ruth dean created a new blog entry
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  • Eric Martin
    High-Performance Insulation Materials Market to Expand at Steady 2022-2030

    Description
    According to the Market Statsville Group (MSG), the global high-performance insulation materials market size is expected to grow from USD 10.3 billion in 2021 to USD 15.3 billion by 2030 at a CAGR of 10.8% from 2022 to 2030. High-Performance insulation materials aid in reducing heat transfer between objects in thermal contact or within the range of radiative influence. Thermal insulation can be achieved using specially designed methods or processes and appropriate object shapes and materials.

    The growing use of high-performance insulation materials in the oil and gas industry and rising awareness about greenhouse emissions and energy savings are expected to drive the growth of the high-performance insulation materials market. The market for high-performance insulation materials is expanding rapidly due to increased demand for specialized products, new product development, high durability, and appropriate material thickness. Moreover, rising environmental concerns and the increasing use of extruded polystyrene and polyurethane insulation materials that are less harmful to the earth’s ozone layer are some of the other factors that will drive the growth of the high-performance insulation material market. On the other side, high set-up and maintenance costs and relatively short service life, and high flammability with CFC-containing insulated materials and foam products CFCs that are relatively harmful to the environment are expected to suppress market growth. Increased investment in infrastructure activities in Asia-Pacific is expected to open up new opportunities for the market.

    Request for a sample report here: https://www.marketstatsville.com/request-sample/high-performance-insulation-materials-market

    COVID–19 Impact on the High-Performance Insulation Materials Market

    During COVID-19, most countries were placed on complete lockdown for a specified period, with many factories operating with very limited staffing or even closing temporarily. The level of activity was extremely low, and many project schedules were changed or postponed. Furthermore, key manufacturers and raw material suppliers extended the closure of all operations at their manufacturing facilities until further instructions from government authorities were received. Production at some of the manufacturing companies’ plants later resumed, which was a positive sign.

    Scope of the High-Performance Insulation Materials Market
    The study categorizes the high-performance insulation materials market based on product type, material type, and end-use industries at regional and global levels.

    By Material Type Method Outlook (Sales, USD Billion, 2017–2030)
    Aerogel
    Vacuum Insulation Panel (VIP)
    Fiberglass
    Ceramic Fiber
    High-performance Foam
    Other Material Types
    Direct Purchase Report: https://www.marketstatsville.com/buy-now/high-performance-insulation-materials-market?opt=2950

    By Product Type Method Outlook (Sales, USD Billion, 2017–2030)
    Insulating Bricks
    Calcium Silicate Blocks
    Insulation Mattresses
    By End-Use Industries Outlook (Sales, USD Billion, 2017–2030)
    Oil and Gas
    Industrial
    Building and Construction
    Transportation
    Power Generation
    Other End-user Industries
    By Region Outlook (Sales, USD Billion, 2017–2030)
    North America
    US
    Canada
    Mexico
    Europe
    Germany
    Italy
    France
    UK
    Spain
    Poland
    Russia
    Slovenia
    Slovakia
    the Netherlands
    Belgium
    Norway
    Denmark
    Czech Republic
    Sweden
    Rest of Europe
    Asia Pacific
    China
    Japan
    India
    South Korea
    Indonesia
    Malaysia
    Thailand
    Vietnam
    the Philippines
    Singapore
    Australia & New Zealand
    Rest of Asia Pacific
    South America
    Brazil
    Argentina
    Colombia
    Rest of South America
    The Middle East & Africa
    Saudi Arabia
    UAE
    South Africa
    Northern Africa
    Rest of MEA
    The oil and gas industry segment is projected to account for the highest market share by end-use industries
    Based on end-use industries, the global high-performance insulation materials market is divided into oil and gas, industrial, building and construction, transportation, power generation, and other end-user industries. High-performance insulation materials are in high demand in the oil and gas sector, owing primarily to the growing demand for subsea pipeline applications. Furthermore, these materials have properties that are required in the oil and gas industry, such as fire and water resistance, superlative thermal resistance, enhanced acoustic insulation, lightweight, and reduced thickness.

    According to the Ministry of Economy, Trade, and Industry (METI), Japan produced approximately 490 thousand kiloliters of crude oil in 2021, down from approximately 512 thousand kiloliters the previous year. According to StatCan, crude oil and equivalent product production in the United States increased 10.8% – 24.4 billion cubic meters in 2021, the highest level since December 2019. During the forecast period, the aforementioned factors are likely to increase the use of high-performance insulation materials.

    Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/high-performance-insulation-materials-market

    The ceramic fiber segment is projected to account for the largest market share, by Product Type
    By product type, the global high-performance insulation materials market is divided into aerogel, ceramic fiber, glass bubbles, polystyrene, and others. With a market share of 30% in 2020, the ceramic fiber segment dominates the product type segment. Ceramic fiber insulating materials, which include blankets, modules, boards, and papers and are widely used high-performance insulation materials, contribute to the growth of the ceramic fiber segment during the forecast period.

    Asia Pacific accounts for the highest CAGR during the forecast period

    Asia-Pacific is expected to dominate the high-performance insulation materials market during the forecast period. The region’s growth in the oil and gas and construction sectors has significantly increased the demand for insulation panels due to the growing oil & gas industry. The Asia-Pacific oil and gas industry is expanding owing to the rising demand for energy and petrochemicals. Offshore drilling activity is increasing in countries such as India, Malaysia, Indonesia, China, South Korea, and Japan. According to the National Bureau of Statistics, China’s crude oil output was 33.47 billion tonnes in the first two months of 2022, a 4.6 percent increase over the same period the previous year. The daily output of crude oil in China is nearly 576,000 tonnes.

    Request For Report Description: https://www.marketstatsville.com/high-performance-insulation-materials-market

    Key Market Players in the High-Performance Insulation Materials Market
    Owens Corning
    Knauf Gips KG
    Rockwool
    Johns Manville
    Unifrax
    Aspen Aerogels, Inc.
    Morgan Advanced Materials
    Isolite Insulating Products Co., Ltd.
    The 3M Company
    Unifrax LLC
    Nano High-Tech Co., Ltd
    Cabot Corporation
    Alison hi-tech company Ltd
    Ibiden Co. Ltd.
    Shandong Luyang Share Co., Ltd
    Aerogel Technologies LLC
    Others
    1 day, 11 hours ago . Comment   0 0
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  • Johny Lever
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