The High Performance Insulation Materials Market size is estimated to reach USD 10.93 billion by 2021, at a projected CAGR of 11.2% between 2016 and 2021. High-performance insulation materials are used in several applications such as oil & gas, industrial, and automotive to prevent heat loss, reduce energy consumption, and reduce greenhouse gas emissions. High-performance insulation materials are advanced materials that have high load-bearing capacity with high resistance to thermal, flame, moisture, sound, and weather, thus providing extremely superior insulating properties.
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The oil & gas segment is estimated to be the largest application of the high-performance insulation materials market. The market in this application is also projected to grow at the highest rate between 2016 and 2021.
Increasing need for energy savings and rising environmental concerns over greenhouse emission are the major driving factors for the growth of the high-performance insulation materials market.
Along with these factors, increasing oil & gas infrastructure activities in the developing economies of Asia-Pacific and the Middle-East & Africa is driving the market in oil & gas application.
Asia-Pacific is leading the high-performance insulation materials market. Growth in Asia-Pacific is led by the rising demand from oil & gas and construction applications.
The increase in the number of new manufacturing establishments is making Asia-Pacific to emerge as the major driver of the growth for the global high-performance insulation materials market.
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This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (37%); Tier 2 (50%) and other (13%) companies were contacted for interviews.
The interviews were conducted with various key people such as C Level (50%), Directors Level (31%) and other (19%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (31%), Europe (38%), Asia-Pacific (25%), RoW (6%).
The company profiledin this report includes Aspen Aerogels Inc. (U.S.), Cabot Corporation (U.S.), 3M Company (U.S.), Aerogel Technologies LLC (U.S.), Nano High-Tech Co.
Ltd. (China), Morgan Thermal Ceramics (U.K.), and Unifrax Corporation (U.S.), among others.
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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