High-Performance Insulation Materials Market Worth 10.93 Billion USD by 2021
PUNE, India, August 30, 2016 /PRNewswire/ --
The report "High-Performance Insulation Materials Market by Type (Aerogel, Ceramic Fiber, Glass Bubble, EPS, XPS), Application (Oil & Gas, Industrial, Construction, Transportation and Power Generation, Automotive, and Paints & Coatings) - Global Forecast to 2021", published by MarketsandMarkets, The global market size was USD 5.79 Billion in 2015 and is projected to reach USD 10.93 Billion by 2021, at a CAGR of 11.2%.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 93 market data Tables and 42 Figures spread through 136 Pages and in-depth TOC on "High-Performance Insulation Materials Market "
Early buyers will receive 10% customization on this report.
Growing end-use applications such as oil & gas and industrial are driving the market for high-performance insulation materials. Increasing concern over energy conservation in industrial applications is also driving the market.
Asia-Pacific is the key market for high-performance insulation materials
Asia-Pacific dominated the high-performance insulation materials market in 2015. China is the second-largest high-performance insulation materials consumer in the world. The demand for the high-performance insulation materials is driven by from various sectors such as oil & gas, construction, automotive, and industrial, among others. The increase in infrastructural investments and rise in the number of new manufacturing establishments is anticipated to lead Asia-Pacific as the major driver of growth for the high-performance insulation materials market.
Oil & gas application to dominate the global high-performance insulation materials market
The oil & gas segment dominated the high-performance insulation materials market in 2015, in terms of value. The increasing demand for advanced insulation materials for critical applications is expected to sustain the growth of the high-performance insulation materials market in the oil & gas segment between 2016 and 2021. The demand for advanced insulation materials in oil & gas applications is mainly supported by increasing concerns regarding energy conservation. High-performance insulation materials are also used in the automotive industry as it provides several unparalleled benefits such as enhanced acoustic performance, thermal signature reduction for hot engine components, and lightweight thermal insulation for exhaust, impact damping, and fire protection.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=93702615
Aerogel materials segment projected to witness the fastest growth
The aerogel materials segment is projected to witness the highest CAGR during the forecast period. Factors such as superior insulating properties, increasing concerns for energy conservation, reduction in green-house gases emissions, and cheap and abundant raw material availability will continue to drive the growth for this segment in the global high-performance insulation materials market.
The global High-Performance Insulation Materials Market has a large number of market players; however the market is dominated by some major players, such as Aspen Aerogels Inc. (U.S.), Cabot Corporation (U.S.), 3M Company (U.S.), Aerogel Technologies LLC (U.S.), Nano High-Tech Co. Ltd. (China), Guangdong Alison Hi-Tech Co. Ltd. (China), Morgan Thermal Ceramics (U.K.), Unifrax Corporation (U.S.), and Shandong Luyang Share Co. Ltd. (China), among others.
Browse Related Reports:
Ceramic Fiber Market - By Type (Refractory, Low Bio-persistence, Polycrystalline), End-product (Blanket, Module, Bulk, Board, Paper), and End-use Industry (Petrochemical, Iron & Steel, Aluminum, Ceramics, Power Generation) - Global Trends & Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/ceramic-fibers-384.html
Aerogel Market -By Type (Silica, Polymer, and carbon), by Form (Blanket, Panel, Particle, & Monolith), by Processing (Virgin & Fabricated), by Application (Oil & Gas, Construction, Automotive, Marine & Aerospace, Performance Coatings, Day Lighting, & LVHS) - Global Trends & Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/aerogel-market-714.html
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article