Zion
Research has published a new report titled “Cold Insulation Market by
Material (Fiber Glass, Polyurethane Foam, Phenolic Foam, Polystyrene Foam and
Others) for HVAC, Chemicals, Refrigeration, Oil & Gas, and Other
Applications: Global Industry Perspective, Comprehensive and Forecast, 2015 –
2021.” 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.
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Cold
insulation is one of the effective types of insulation. It is primarily used in
piping systems for various end-applications. It helps to conserve energy by
reducing heat loss or gain of a product. It has broad range of applications due
to the capabilities it exhibits such as it allows transportation of substances
whose temperature is ranging from -275°C to 15°C.
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.
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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.
In
terms of regions for cold insulation market, Europe leads the entire market
with significant shares in 2015. North America was the second highest regional
market in the same year. Furthermore, it is expected to continue this trend due
to the presence of large number of companies engaged in production of thermal
insulation material in the region. Asia Pacific is a fastest growing regional
market that will grow at strong CAGR due to emerging demand for cold insulation
in construction industry especially in China and India in future years.
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.
Browse detail report with in-depth TOC @ http://www.marketresearchstore.com/report/cold-insulation-market-z66355
This
report segments the global cold insulation market as follows:
Cold
Insulation Market: Material Segment Analysis
·
Fiber
Glass
·
Polyurethane
Foam
·
Phenolic
Foam
·
Polystyrene
Foam
·
Others
Cold Insulation Market: Application Segment
Analysis
·
HVAC
·
Chemicals
·
Refrigeration
·
Oil
& Gas
·
Others
Cold
Insulation Market: Regional Segment Analysis
·
North
America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia
Pacific
o
China
o
Japan
o
India
·
Latin
America
o
Brazil
·
Middle
East & Africa
Purchase a direct copy of report with TOC @ http://www.marketresearchstore.com/checkout?reportid=66355&reporttype=0&q=r
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