Global High-Performance Insulation Market is segmented By Material Type (Aerogel, Fiberglass, Vacuum Insulation Panel (VIP), Ceramic Fiber, High-performance Foam, Others), By Application (Oil and Gas Industry, Building and Construction, Industrial, Transportation, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
The global high-performance insulation market report analyses the size, shares, recent trends, competitive intelligence, and future market outlook. High-performance insulation usage in any material used to fill the spaces is on the rise. Demand from the oil and gas industry in ‘The Asia Pacific’ is growing. The competitive rivalry intensifies with SuperFOIL, Concept Group LLC, and others active in the market.
Insulations are any material used to fill the spaces, including little gaps, crevices, and hard-to-reach places behind walls, above ceilings, and others to reduce heat flow by reflection and absorption. Apart from thermal insulation, acoustic, impact, and fire have also become a concern these days.
Moreover, adding insulation is one of the most practical means of improving energy efficiency. However, not all insulation is created equally. Henceforth, the ever-increasing requirements for higher and higher insulation levels are driving to look for innovative insulation solutions, called high-performance solutions.
High-performance insulations offer less heat loss and thus low energy costs. Moreover, high-performance insulations such as multifoil insulation provide high insulation levels without losing all the space typically lost when using traditional insulation.
Market Scope
| Metrics | Details |
| Market CAGR | 11% |
| Segments Covered | By Material Type, By Application, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | Asia Pacific |
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Source: DataM Intelligence Analysis (2021)
Market Dynamics
Low environmental impact of high-performance insulation is driving the market
As per the United Nations report, carbon emissions from buildings operations hit their highest-ever level in 2019 and reached 9.95 GtCO2. The sector accounts for 38% of all energy-related CO2 emissions when adding building construction industry emissions.
For net zero carbon building stock by 2050, direct building CO2 emissions need to halve by 2030 to get on track which can be achieved by building renovation and performance standards for newly constructed buildings.
Efficient insulation plays an essential role in making a home more environmentally friendly. High-performance insulation helps reduce greenhouse gas emissions and makes the environment healthier. Insulation to walls and windows lowers the amount of heating, which costs more than 25% of the amount of energy needed to heat and even cool the home.
SuperFOIL, a UK-based company, manufactures Multifoil Insulation, which provides outstanding thermal performances while acting as a vapor control layer and radiant barrier at the same time. Moreover, multifoil insulation helps reduce pollution emissions, making the environment healthier.
Increasing Demand from the Oil and Gas Industry is driving the high-performance insulation market
Oil and gas flow up at the wellhead and are transported through various critical instruments such as XMT's, manifolds, spools, and flow lines. The formation of hydrates and wax starts when the oil or gas composition is depressurized and exposed to low seawater temperature at the seabed. High-performance insulation materials provide thermal insulation and help in maintaining the temperature and protecting from wax deposition. Hence, insulation is witnessing a considerable demand in the oil and gas sector, primarily owing to the increasing demand for subsea pipeline applications.
Etex Group's Promat, a company based in Belgium, manufactures ultra-thin and lightweight insulation solutions for refineries, LNG, and petrochemical plants, maximizing energy efficiency and taking advantage of even the smallest spaces. In addition, their extremely low thermal conductivity reduces heat loss to an absolute minimum and guarantees an optimal protection temperature at the cold face without the need for thick insulation linings.
High manufacturing and maintenance costs of Aerogels are expected to hinder the high-performance insulation market
The major drawback for a large-scale usage of silica aerogels as high-performance insulating material in the building sector is their production cost due to a multi-step synthesis procedure. As a result, most current aerogel production is used for industrial applications such as pipeline insulation rather than building insulation. The minimum material cost of the raw materials for silica aerogel production is 700-800 CHF/m3 of aeroge.
However, companies are developing an alternative route for silica aerogel production using low-cost silica precursors and ambient pressure drying techniques, which potentially lowers the material cost by two or more.
Market Segment Analysis
Silica aerogels are high-performance insulation materials that reduce the energy demand for heating and cooling. Silica aerogel insulation materials achieve the same thermal insulation performance with only half of the thickness of conventional insulation materials. For instance, translucent, super-insulating silica aerogels exhibit the lowest thermal conductivity of any solid known, typically of the order of 0.015 W· m-1·K -1 at ambient temperature, pressure, and relative humidity. 500 million US$ illustrates the silica aerogels as insulation materials rapid growth by 2013 from only about 25 million US$ of aerogel insulation materials were sold in 2004.
In October 2019, BASF SE, a German company, launched its innovative, super-slim high-performance insulation materials, called SLENTITE® and SLENTEX®, at the world’s largest plastics trade show in Düsseldorf, Germany. The innovative high-performance products SLENTITE® and SLENTEX® are a new generation of energy-efficient aerogel-based insulation materials with outstanding material properties.
Market Geographical Share
Asia-Pacific is to dominate the market for high-performance insulation materials during the forecast period owing to the growth in the oil and gas and the construction sector in the region.
The South Korean aerospace industry has shown growth potential, with solid demand from the military sector stimulating the high-performance insulation materials market growth. In addition, the rising investments in the construction sector of emerging economies, including China and India, are expected to augment high-performance insulation materials further.
Furthermore, with the increase in demand from the oil and gas and transportation industries in India, the high-performance insulation materials market is expected to proliferate in the coming years.
Market Companies Competitive Landscape
The High-Performance Insulation market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include SuperFOIL, Concept Group LLC, BASF SE, Acciona, S.A., Etex Group, Aspen Aerogels Inc., Cabot Corporation, 3M Company, Aerogel Technologies LLC, Nano High-Tech Co. Ltd., Morgan Thermal Ceramics among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the High-Performance Insulation market globally.
SuperFOIL
Overview: SuperFOIL is a part of the Boulder Developments Group, which manufactures and supplies high-performance insulation worldwide. SuperFOIL is headquartered in Lincolnshire, UK
Product Portfolio: SuperFOIL manufactures seven types of high-performance insulation: Multifoil Insulation, Breathable Insulation, Fire Rated Insulation, Under Floor Insulation, Bubble Foil Insulation, Reflective Insulation and SuperCLOSE
Key Development:
- SuperFOIL has partnered with the Third Solution to distribute SuperFOIL Insulation products in the Czech Republic. The third Solution will be helping developers, architects and self-builders in the Czech Republic to market SuperFoil's insulation products.
Why Purchase the Report?
- Visualize the composition of the high-performance insulation market segmentation by materials type, application and region highlighting the key commercial assets and players.
- Identify commercial opportunities in high-performance insulation market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of high-performance insulation market - level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global high-performance insulation market report would provide an access to an approx. 53 market data tables, 45 figures and 228 pages.
Target Audience
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturer
