FMI: Cold Insulation Market size and Key Trends in terms of volume and value 2015-2025

Global Cold
Insulation Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
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Report
Description
Report Description
Cold insulation is a technology that is used to reduce energy leakages from infrastructure
to improve energy efficiency. Cold insulation market is segmented based on material type
used which includes fiber glass, polystyrene foam, polyurethane foam and phenolic foam.
Cold insulation is used in a wide range of applications such as HVAC systems,
refrigeration, oil & gas, chemicals and others.
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Growing demand for cryogenic insulation equipments coupled with the rising demand for
natural and industrial gases for oil & gas industry is expected to drive the cold insulation
market over the next few years. Cryogenic operations require reduction in energy losses
to maintain very low temperature. Increasing use of LPG, LNG and other cryogenic gases
is driving cryogenic industry in both developed and developing countries. Furthermore,
increased environmental awareness is expected to drive the market in developing
countries. Environment regulatory agencies are compelling companies to improve
existing infrastructure to reduce energy loss. Different energy related standards are in
place for building energy efficient infrastructure. In addition, demand for refrigeration
and air conditioning devices are expected to drive the market. Owing to rise in disposable
income of consumer and warm climatic conditions in Asia-Pacific region, the demand for
air conditioning and refrigeration devices is expected to witness tremendous growth.
Additionally, rise in industrialization in emerging economies around the globe is expected
to drive the cold insulation market.
Report
Description
Report Description
Owing to cheap labor and proximity to raw materials, bigger companies are investing in
emerging economies of South Africa and Asia Pacific. However, huge investment cost,
lack of quality control and cost of raw materials are expected to hamper the market
growth. Quality control standards in developing countries are poor due to less
government intervention and poor environmental awareness. ost of developing new cold
insulation materials with less environment impact is huge and only big companies having
substantial turnovers can afford to research and develop innovative products.
Development of innovative materials such as perlite and aerogel are expected to provide
immense opportunities for the players in cold insulation market. Further, development of
bio-based and renewable material based insulation materials is expected to be
opportunities in the near future.
North America was the largest consumer of cold insulation market owing to use of
advanced materials to improve energy efficiency of operations and to offer better
process control. Large scale research & development activities are being carried out in
North America to develop new materials which have minimal effect on environment. Asia
Pacific followed North America in terms of consumption owing to industrialization in
China. Due to huge investments in construction and manufacturing industry, China and
other countries are expected to grow at higher pace. Energy efficiency laws are expected
to be introduced in countries such as South Africa, Kenya and Nigeria that are expected
to drive the market in rest of the world over the next few years. Further, increasing
infrastructure spending in this region is driving the cold insulation market. Growth rate
for Europe was low owing to submissive demand from residential and industrial
Report
Description
Report Description
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Key players in this market include BASF SE, Bayer Material Science, Huntsman
Corporation, Aspen Aerogels Inc., Armacell International Holding GMBH, Bradford
Insulation Industries Ltd., Evonik Industries, The Dow Chemical Company, Fletcher
Insulation Group, Kingspan Group PLC, Knauf Insulation, Pittsburgh Corning Corporation,
Arabian Fiber Glass Insulation Company Ltd., Itw Insulation Systems among others.
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Cold insulation is a technology that is used to reduce energy leakages from infrastructure to improve energy efficiency. Cold insulation market is segmented based on material type used which includes fiber glass, polystyrene foam, polyurethane foam and phenolic foam. Cold insulation is used in a wide range of applications such as HVAC systems, refrigeration, oil & gas, chemicals and others.