The global Cold Insulation Material market was valued at 4097.08 Million USD in 2021 and will grow with a CAGR of 6.64% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Insulation materials are materials or mixtures of materials which lowers the energy losses by retarding the amount of heat loss or gain. The insulation material market is primarily segmented into two broad categories viz. hot and cold insulation material markets. Hot insulation materials are mainly used to insulate piping systems used to transport high temperature substances. Cold insulation material is usually used within temperatures ranging from -275°C to 15°C. Cold insulation material is used in a broad range of applications, including refrigeration, HVAC, oil & gas, and chemical. Among these, oil & gas and chemicals are the main consumers for cold insulation materials. Cold insulation materials also find their application in the construction, automobile, and electronic sectors.The rapid growth of end-use industries, such as chemicals, refrigeration, HVAC, chemicals, and oil & gas in Asia-Pacific is leading to significant growth of the cold insulation market recently. Moreover availability of feedstock and low costs to set up manufacturing facilities is driving the growth of cold insulation market in the region.
Skilled workforce and relatively lower wages aid low cost manufacturing and lower costs of electricity and water are the other reasons for the high growth rate in Asia-Pacific. Government regulations, such as Clean Air Act and Clean Power Plan are also boosting the growth of the cold insulation market. Opacity in political structures in certain countries, such as India, China, and Korea make it difficult for established companies to invest in these markets. China is the fastest-growing country in cold insulation market. Growth in industries, such as, oil & gas, refrigeration, and chemicals is making way for growth of the cold insulation market in China. The current growth rate in China is strong enough to sustain more efficient manufacturing and attractive cold insulation market. It may be expected that in the next five to ten years, chemical manufacturing in China will shift towards the manufacturing of specialty chemicals. Thus, cold insulation market is projected to record strong growth in the next decade as well.
By Market Verdors:
- Huntsman Corporation
- Armacell International Holding GmbH
- BASF SE
- The DOW Chemical Company
- Owens Corning
- Bradford Insulation Industries Ltd
- Dongsung Finetec Corporation
- Aspen Aerogel Inc.
- Bayer Materialscience
- Pittsburgh Corning Corporation
By Types:
- Fiber Glass
- Polyurethane Foam
- Polystyrene Foam
- Phenolic Foam
By Applications:
- Refrigeration
- Oil & Gas
- Chemicals
Key Indicators Analysed
- Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
- Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
- Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
- Opportunities and Drivers: Identifying the Growing Demands and New Technology
- Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
- To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
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- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
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- To understand the future outlook and prospects for the market.
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Table of content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Cold Insulation Material Revenue
1.4 Market Analysis by Type
1.4.1 Global Cold Insulation Material Market Size Growth Rate by Type: 2021 VS 2027
1.4.2 Fiber Glass
1.4.3 Polyurethane Foam
1.4.4 Polystyrene Foam
1.4.5 Phenolic Foam
1.5 Market by Application
1.5.1 Global Cold Insulation Material Market Share by Application: 2022-2027
1.5.2 Refrigeration
1.5.3 Oil & Gas
1.5.4 Chemicals
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Cold Insulation Material Market
1.8.1 Global Cold Insulation Material Market Status and Outlook (2016-2027)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Cold Insulation Material Production Capacity Market Share by Manufacturers (2016-2021)
2.2 Global Cold Insulation Material Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Cold Insulation Material Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Cold Insulation Material Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Cold Insulation Material Sales Volume Market Share by Region (2016-2021)
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