Insulation or thermal insulation is the process of reducing heat transfer between two or more objects that are in the range of thermal contact or relative influence. Materials that help in reducing heat gain or loss by offering a barrier within the areas are known as insulation materials. The insulation capability of the materials depends on their thermal conductivity. Materials that provide superior insulation are known as high performance, are used in several application such as oil & gas, construction, transportation and power generation, automotive and paints and coatings, and industries. Some of the key attributes of high performance insulation materials are superior heat regulation, without the support of an air conditioning machine or heater, prevention from moisture damage, and an optimum in-house atmosphere. These materials have high load-bearing capacity with high resistance to thermal, flame, moisture, sound, and weather, thus being able to provide insulating properties of a superior level. High performance insulation materials also prevent fire damage. As per claims made at the Chalmers Energy Conference 2013, high performance insulation materials are projected to help reduce around 50% energy usage across sectors by 2050.
Growing awareness regarding greenhouse emissions and rising demand for energy savings are major factors boosting growth of the global high performance insulation materials market. High performance insulation processes are in high demand in the industrial sector, mainly due to its natural ability to regulate temperature. This is a very important attribute, as it helps avoid costs related to artificial thermal regulators such as air conditioners and heaters. Energy usage during insulation processes is minimal, which helps to cut down on associated production costs. However, some of the disadvantages associated with the usage of high performance insulation processes are high set up and maintenance costs, and relatively low service life. The necessity for periodic maintenance of the materials results from them being made of aerogel and ceramic fibers.
High Performance Insulation Materials Market Taxonomy
On the basis of product type, the global market is classified into:
On the basis of end-use industry, the global market is segmented into:
On the basis of geography, the global market is classified into:
Asia Pacific is projected to be the fastest growing region in the global high performance insulation materials market, mainly due to rampant growth of end-use industries such as construction and automotive, especially in emerging economies of India and China. As per stats released by Indian Brand Equity Foundation—part of the Department of Commerce, Ministry of Commerce and Industry, Government of India—the real estate market is expected to be valued at US$ 180 billion by 2020. The automotive sector in India has attracted FDI worth US$ 15.79 billion during April 2000–September 2016, as per statistics released by Department of Industrial Policy and Promotion (DIPP). On the other hand, Europe is expected to hold the largest share of the market throughout the forecast period, owing to its large base of end use industries and high awareness about greenhouse effect and lower energy usage among people.
High Performance Insulation Materials Market Outlook – Growing Construction Industry To Drive Market Growth
The growing construction sector is expected to have an immense positive impact on the growth of high performance insulation materials market. According to a study conducted by Coherent Market Insights, the global construction industry is projected to be pegged at over US$ 15 trillion by 2024, with Asia Pacific positioned as the growth engine (the regional market is expected to witness a massive 30% CAGR over 2016–2024). Growing population is a key factor towards growth of the construction industry. Rapid growth of retail industry is also fueling market growth.
Key players in the global high performance insulation materials market include Aspen Aerogels Inc., Unifrax Corporation, Nano High-Tech Company Ltd., Cabot Corporation, Ibiden Co Ltd., Morgan Thermal Ceramics, and, The 3M Company.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized firstname.lastname@example.org
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.