The high-performance insulation materials market will grow at a rate of 7.4% by the end of this decade, to reach USD 11,096.8 million by 2030.This is because of the rising use of these materials in the oil gas sector and increasing concerns with regards to GHG emissions and energy saving. Basically, the insulation industry is mainly powered by the increasing requirement for commercial and residential insulation.

The lightweight and ultra-thin characteristics of these materials let them to be used for insulating tanks, pipe supports, vessels, sulfur recovery, industrial pipping, and furnaces.

The industrial sector had the major share, of about 33%, in the past. As a result of the booming industries, energy requirement has increased at a global level. The industry still contributes enormously to air pollution despite more than a few nations making commitments for decarbonizing their economies and reduce their dependance on non-renewable fuels.
About 42% of all energy use is held by the construction sector. Lightweight aerogel-based insulating materials can intensely reduce the consumption of energy in the building and construction sector.

Furthermore, aerogel has a higher thermal competence and a significantly enhanced insulation profile over traditional materials, for example perlite, mineral wool, and cellular glass, of the similar thickness. Therefore, it is put to use in high-performance pipes transporting cryogenic and hot fluids, such as subsea pipelines; transportation, and stationary storage tanks.

China is the leader of the APAC industry with over 41% in the past, majorly as a result of the net zero strategy accepted by it, with an intention of reducing the emissions of carbon dioxide. It is the largest energy consumer of the world so strategies are implemented in order to decrease emissions.

A roadmap for decarbonization with 5 guiding principles, more than a few initiatives, and emission targets for the years, 2025, 2030, and 2060 was released by the State Council in October 2021. This will power the use of high-performance thermal insulation materials in buildings over the span of ten years.
Due to the growing usage of these materials in the oil and gas industry, the demand for the same is on the rise, and will continue to do so in the years to come as well,