Cryogenic Insulation - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Cryogenic Insulation Market is accounted for $2.47 billion in 2019 and is expected to reach $5.00 billion by 2027 growing at a CAGR of 9.2% during the forecast period. Rising environmental awareness and increasing demand for LPG/LNG from various sectors such as power generation and automotive are some of the factors propelling the growth of the market. However, volatile raw material prices are hampering the growth of the market.
Cryogenic insulation is a high-performance material used to reduce the energy leaks and to provide a high level of thermal isolation for applications operating below −75°C. Cryogenic insulation is a technique that guarantees reliable storage and effective transport of inflammable products such as LNG. Cryogenic insulation is provided for an efficient transportation and safe storage of these gases.
Based on the insulation material type, the plastic foams segment is anticipated to hold considerable market share during the forecast period due to their properties and widespread applications like lightweight, moisture and fire-resistant, has low thermal conductivity and density, and provides better structural performance. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period due to the high demand from rapidly growing end-use industries such as energy & power, fast-developing economies in the region including China, India, and South Korea, and increasing investment in the energy sector, urbanization, industrialization, and infrastructural development.
Some of the key players profiled in the Cryogenic Insulation Market include Armacell International Holding GmbH, Rochling Group, Pittsburgh Corning Corporation, Lydall Inc., Johns Manville Inc., Imerys Minerals, Hertel, G+H Group, Dunmore Corporation, Cabot Corporation, BASF SE, Aspen Aerogels, Isover (Saint Gobain), and Amol Dicalite Limited.
Insulation Material Types Covered:
• Polyethylene Terephthalate (PET)
• BoPET (Biaxially-oriented Polyethylene Terephthalate)
• Plastic Foams
• Other Insulation Material Types
• Pressure Container
• Other Equipments
• Storage Tanks
• Pipe Systems
• Fuel Tanks
• Other Applications
End Users Covered:
• Oil and Gas
• Heating, Ventilation, and Air Conditioning (HVAC)
• Energy & Power
• Other End Users
Insulation Types Covered:
• Double Side Coated
• Single Side Coated
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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