Press release
High-Performance Insulation Materials Market 2021 To Witness Astonishing Growth – 2026 | Key Players:Morgan Thermal Ceramics, The 3M Company, Unifrax Corporation
The High-Performance Insulation Materials Market report provides a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Tire High-Performance Insulation Materials study provides comprehensive data which enhances the understanding, scope and application of this report. This report also provides an analysis of the impact of the COVID-19 pandemic on High-Performance Insulation Materials Industry.Over the next five years the High-Performance Insulation Materials market will register a 5.5% CAGR in terms of revenue, the global market size will reach US$ 8399 million by 2026.
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Top Leading Companies of Global High-Performance Insulation Materials Market are Morgan Thermal Ceramics, The 3M Company, Unifrax Corporation, Cabot Corporation, Shandong Luyang Share Co., Ltd., Ibiden Co. Ltd., Aspen Aerogels, Inc., Isolite Insulating Products Co., Ltd., BASF SE, Guangdong Alison Hi-Tech Co. Ltd., Aerogel Technologies, Llc, Nano High-Tech Co., Ltd. and others.
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 XMT’s, 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.
Industry News and Updates:
Unifrax Acquires Rex Materials Group
July 2, 2020 – Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, emission control, batteries, specialty filtration and fire protection applications and backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), has acquired Rex Materials Group (“Rex Materials”), a leading manufacturer of engineered thermal components. Financial terms of the transaction were not disclosed.
Rex Materials’ success has been driven by its material technology innovations, custom designed solutions, state of the art manufacturing capabilities, and a talented group of dedicated employees. With over 100 different material solutions, Rex Materials offers a complete suite of consumable, customized shapes designed to meet specific application requirements in a wide range of industries.
Cabot Nanogel(R) Aerogel Ushers in a New Era of Nanotechnology Insulation for the Oil and Gas Industry
May 1 / -- Cabot Aerogel, a business unit of Cabot Corporation (NYSE: CBT), announced its entry to the oil and gas insulation market with the launch of four new Nanogel(R) aerogel products that deliver superior insulation performance for oil and gas applications. The four new advanced nanoporous Nanogel aerogel products will be on display at the Offshore Technology Conference (OTC) in Houston, TX from May 1 to May 4, Booth # P8904, in the Pavilion section of the OTC.06 trade show.
The use of Cabot's Nanogel aerogel technology enables significant advancements in pipeline and LNG ship design due to the combination of Nanogel aerogel's ultra-low conductivity and its unique mechanical properties. Additionally, the wide temperature stability range of Nanogel makes it an ideal solution for both high temperature and cryogenic applications.
Global High-Performance Insulation Materials Market Type analysis:
Ceramic Fibers
Aerogels
Others
Global High-Performance Insulation Materials Market Application analysis:
Oil & Gas
Industrial
Construction
Others
Browse Full Report Copy for TOC:
https://marketinsightsreports.com/reports/03252753140/global-high-performance-insulation-materials-market-growth-2021-2026?Mode=11
The analysts explore critical influence factors, market drivers, challenges, risk factors, opportunities, and market trends of High-Performance Insulation Materials market to give holistic view on High-Performance Insulation Materials Market.
Following are major Table of Content of High-Performance Insulation Materials Market:
-An overall analysis of industry trends.
-Global High-Performance Insulation Materials market overview.
-Major commercial developments in the High-Performance Insulation Materials industry.
-Detailed information about drivers, opportunities, and restraints of the High-Performance Insulation Materials market
-Positioning of major market participants in the High-Performance Insulation Materials industry.
-Competitive Landscape and analysis regarding High-Performance Insulation Materials market and key product segments of a market.
-High-Performance Insulation Materials market revenue and forecast analysis, by type, application, end-user and geography.
-Key market trends and future growth prospects of the High-Performance Insulation Materials market.
We Offer Customization On Report Based On Specific Client Requirement:
– Country Level analysis for any 5 countries of your choice.
– Competitive analysis of any 5 key market players.
– 40 analyst hours to cover any other data point.
Related Reports:
Global Ceramic Fibers Market Growth 2020-2025
https://marketinsightsreports.com/reports/12042485753/global-ceramic-fibers-market-growth-2020-2025?Mode=11
Global Aerogels Market 2021 By Manufacturers, Regions, Type And Application, Forecast To 2026
https://marketinsightsreports.com/reports/04192829399/global-aerogels-market-2021-by-manufacturers-regions-type-and-application-forecast-to-2026?Mode=11
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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