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High-Performance Insulation Materials Market - Growth, Trends, And Forecast (2020 - 2025)

Published on: Jan 2020 | From USD $4250 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 121

Market Overview

The market for high-performance insulation materials is expected to expand at a CAGR of more than 10%, during the forecast period. The major factors driving the market are the rising awareness regarding greenhouse emissions and increasing demand for high-performance insulation materials from the end-user industries, such as oil and gas, paints and coatings, and construction, etc. On the other hand, high set-up and maintenance costs, and the relatively low service life is expected to hinder the growth of the market studied.

- The oil and gas industry dominated the market and is expected to grow during the forecast period, owing to the increasing oil and gas activities across the world.
- Increasing investments in infrastructural activities in Asia-Pacific is likely to act as an opportunity in the future.

Key Market Trends

Increasing Demand from the Oil and Gas Industry

- The hot oil and gas composition flows up at the wellhead, and is transported through XMTŐs, manifolds, various critical instruments, spools, and flow lines before the riser brings the oil to the surface.
- Insulation is necessary to avoid the formation of hydrate plugs and wax build-up (paraffin). The formation of wax and hydrates starts when the oil/gas composition is depressurized and exposed to low seawater temperature at the seabed.
- High-performance insulation materials are witnessing a huge demand from the oil and gas sector, primarily owing to the increasing demand for subsea pipeline applications.
- Additionally, these materials offer properties, such as fire and water resistance, superlative thermal resistance, enhanced acoustic insulation, lightweight, and reduced thickness, that are required in the oil and gas sector.
- The oil and gas industry in the Asia-Pacific region is growing, due to the increasing demand for energy and petrochemicals. Countries, such as India, Malaysia, Indonesia, China, South Korea, and Japan, are experiencing an increase in offshore drilling activities.
- The aforementioned factors are likely to consequently result in an increase in the usage of high-performance insulation materials, during the forecast period.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific is expected to dominate the market for high performance insulation materials during the forecast period.
- The growth in the oil and gas and the construction sector in the region have significantly boosted the demand for such insulation panels.
- Furthermore, India is one of the major markets for high-performance insulation materials. With the increase in demand from the oil and gas and transportation industries, the high-performance insulation materials market is expected to grow rapidly in the coming years.
- The South Korean aerospace industry boasts exceptional growth potential, with strong demand from the military sector, which is likely to stimulate the high-performance insulation materials market growth.
- The rising investments in the construction sector of emerging economies, including China, India, and Indonesia, are expected to augment further growth of high-performance insulation materials.
- The aforementioned factors are likely to increase the demand for high-performance insulation materials during the forecast period.

Competitive Landscape

The high-performance insulation materials market is consolidated. The major companies include BASF SE, Cabot Corporation, 3M, Armacell, and Morgan Thermal Ceramics.

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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Drivers
4.1.1 Growing Usage in the Oil and Gas Industry
4.1.2 Rising Awareness Regarding Greenhouse Emissions and Energy Savings
4.2 Restraints
4.2.1 High Set-up and Maintenance Costs and Relatively Low Service Life
4.2.2 High Flammability with Insulated Materials and Foam Products that Contain CFC
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Technological Snapshot
4.5.1 Technology Licensing and Patent Analysis

5.1 Material Type
5.1.1 Aerogel
5.1.2 Vacuum Insulation Panel (VIP)
5.1.3 Fiberglass
5.1.4 Ceramic Fiber
5.1.5 High-performance Foam
5.1.6 Other Material Types
5.2 End-user Industry
5.2.1 Oil and Gas
5.2.2 Industrial
5.2.3 Building and Construction
5.2.4 Transportation
5.2.5 Power Generation
5.2.6 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico Rest of North America
5.3.3 Europe Germany United Kingdom Italy France Rest of Europe
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Aerogel Technologies LLC
6.4.3 Armacell
6.4.4 Aspen Aerogels Inc.
6.4.5 BASF SE
6.4.6 Brandenburger Firmengruppe
6.4.7 Cabot Corporation
6.4.8 Dow
6.4.9 General Insulation Company
6.4.10 Ibiden
6.4.11 Isolite Insulating Products Co. Ltd
6.4.12 Luyang Energy-Saving Materials Co. Ltd
6.4.13 Morgan Advanced Materials
6.4.14 Nano High-Tech Co. Ltd
6.4.15 Owens Corning
6.4.16 PAR Group
6.4.17 Paul Bauder GmbH & Co. KG
6.4.18 Unifrax

7.1 Increasing Investments in Infrastructural Activities in Asia-Pacific
7.2 Other Opportunities

Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

The market engineered data is verified and validated by a number of experts, both in-house and external.

After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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