Cold Insulation Market will Reach Around USD 5.40 Billion by 2021
Global Cold Insulation Market Set for Rapid Growth, To Reach Around USD 5.40 Billion by 2021
The report covers forecast and analysis for the cold insulation market on a global, regional and country level. According to the report, global demand for cold insulation was valued at USD 3.50 billion in 2015, and is expected to reach USD 5.40 billion in 2021, growing at a CAGR of 7.5% between 2016 and 2021.The study includes drivers and restraints for the cold insulation market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cold insulation market on a global level.
In order to give the users of this report a comprehensive view on the cold insulation market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the cold insulation market has also been included in the study. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
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The major driving factors of global cold insulation market are the continuously growing construction sector across the globe. Growing concern towards green energy and environmental issues such as increasing level of toxic gas level is likely to accelerate the growth of the market in coming years. However, raw materials price volatility is a major limitation for the growth of the cold insulation market. Nonetheless, cryogenic equipments are required for the transportation of LNG especially in Asia Pacific region can offer new doors to major player operative in cold insulation market within the forecast period.
Among described material, the polyurethane foam is one of the foremost application segments for global cold insulation market in 2015. It accounted over 25% shares of the overall revenue generated. The polyurethane foam is a flexible insulation materials used for various end-uses. This attribute is expected to propel the demand of cold insulation over the few years. Additionally, fiber glass and phenolic foam are expected to have lucrative demand in coming years.
Oil and gas was the foremost application for global cold insulation market in 2015. It accounted over 25% share of the market and further it is predicted to remain prolong segment owing to increasing demand for oil and gas in all region of globe. Moreover, refrigeration is another important outlet which is expected to bolster the use of cold insulation over the few years. Growing demand for frozen food coupled with climatic conditions in diverse region, the growth in demand of refrigeration is expected to trigger the cold insulation market across the globe.
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The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research& development, product and regional expansion of major participants involved in the market on global and regional basis. Moreover, the study covers price trend analysis, product portfolio of various companies along with patent analysis (2011-2016) bifurcated into patent trend, patent share by company and patent analysis according to region.
The study provides a decisive view on the cold insulation market by segmenting the market based on applications and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Key material segment covered under this study includes fiber glass, polyurethane foam, phenolic foam, polystyrene foam and others. Key applications segment covered under this study includes HVAC, chemicals, refrigeration, oil & gas, and other applications. The regional segmentation includes the current and forecast demand for North America, Europe, Asia pacific, Latin America, and Middle East and Africa with its further bifurcation into major countries including U.S., UK, France, Germany, China, Japan, India and Brazil. This segmentation includes demand for cold insulation based on individual application in all the regions and countries.
Some of the key players in the global cold insulation market include BASF SE, Bayer MaterialScience AG, The Dow Chemical Company, Evonik Industries AG, Armacell International Holding GmbH, Owens Corning and Pittsburgh Corning Corporation.
This report segments the global cold insulation market as follows:
Cold Insulation Market: Material Segment Analysis
- Fiber Glass
- Polyurethane Foam
- Phenolic Foam
- Polystyrene Foam
Cold Insulation Market: Application Segment Analysis
- Oil & Gas
Cold Insulation Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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