Morgan Advanced Materials
Thermal Products
The Thermal Products segment of Morgan Advanced Materials provides full scale solutions for high-temperature insulation and fire protection.
Our Thermal Products business makes advanced ceramic products and systems for thermal insulation in high temperature environments.
We engineer products and systems for equipment in demanding applications and for the safety of people. Our solutions help customers, especially those operating energy intensive processes, to reduce energy consumption, emissions and operating costs.
Our products and systems are used in high temperature industrial processing of metals, petrochemicals, cement, ceramics and glass, and by manufacturers of equipment for aerospace, automotive, marine and domestic applications. Our core strength is our ability to address individual customer challenges, using our materials and our applications expertise to design, manufacture and install optimum thermal solutions.
We benefit our customers by improving the safety of people and equipment in demanding environments, and reducing emissions and energy costs in energy intensive processes industries.
Our products and solutions
- High-temperature insulating and fire protection fibre products (Low biopersistent fibres, Superwool®)
- Microporous products (WDS®, Min-K®)
- Firebricks and mortars
- Heat shield cladding
We set the benchmark in insulation standards and benefit from a large installed base.
Performance in 2025
Thermal Products delivered revenue of £348.2 million, a 4.2% decline on an OCC* basis. This performance was impacted by regional economic dynamics, primarily driven by continued challenging conditions in European industrial markets. Overall, we note revenues have remained broadly stable since the second half of 2024.
Thermal Products delivered an adjusted operating profit* margin of 6.7%, a 320 bps decrease compared to the prior year. Performance reflects challenging market conditions and foreign exchange headwinds and hyperinflation accounting.