Refrigeration Insulation Materials Market
PUBLISHED: 2020 ID: SMRC19073
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Refrigeration Insulation Materials Market

Refrigeration Insulation Materials - Global Market Outlook (2018-2027)

4.1 (97 reviews)
4.1 (97 reviews)
Published: 2020 ID: SMRC19073

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Refrigeration Insulation Materials Market is accounted for $3.12 billion in 2018 and is expected to reach $5.97 billion by 2027 growing at a CAGR of 7.5% during the forecast period. Some of the key factors propelling the market growth include growing demand for food preservation, increasing LNG demand, and increased oil and gas production, rising demand for cryogenic applications, and rise in consumption of cold beverages and beer. However, fluctuating availability and prices of raw materials is restraining the market growth.

Refrigeration insulation performs a vital role in limiting heat gains in an industrial refrigeration system, ensuring that the compressor load does not become excessive. It can typically be found on piping between the evaporator, the compressor, accompanying vessels and auxiliary equipment. Refrigeration insulation is also used to conserve energy, prevent condensation or ice formation and minimize corrosion.

By material type, polyurethane & polyisocyanurate (PU & PIR) segment is anticipated to grow at the significant rate during the forecast period. PU & PIR is the most produced insulation type in the market. Its operational temperature range allows it to be used in a wide range of applications. It is also used in cryogenic applications. These foams are suitable for all types of equipment, such as tanks, walls & roofs, pipes, compressors, and are even preformed for joints and bents.

On the basis of geography, Europe is expected to have considerable market growth during the forecast period, owing to the presence of various key refrigeration insulation market players, such as Armacell (Germany), Isover (France), Kflex (Italy), and Kingspan (Ireland), along with the growing emphasis on energy conservation and use of low GWP and ODP materials, are influencing the growth of refrigeration insulation materials in the region.

Some of the key players in refrigeration insulation materials market include Morgan Advanced Materials, Owens Corning, BASF SE, Isover, Armacell International S.A., Aspen Aerogel, Etex, Kingspan Group Plc, Zhejiang Zhenshen Insulation Technology Corp. Ltd., Saint Gobain, L'isolante K-flex S.P.A., Johns Manville, ZoteFoams, NMC SA, Cabot Corporation, and Lyndall Inc.

Material Types Covered:
• Elastomeric Foam
• Polyurethane & Polyisocyanurate (PU & PIR)
• Fiberglass
• Polystyrene Foam
• Phenolic Foam
• Other Material Types

Applications Covered:
• Refrigerated Transportation
• Industrial
• Commercial
• Cryogenic

End Users Covered:
• Oil & Gas and Petrochemicals
• Food & Beverage
• Chemicals & Pharmaceuticals
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface      
 
 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       

 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Application Analysis      
 3.7 End User Analysis      
 3.8 Emerging Markets      
 3.9 Impact of Covid-19      
        
4 Porters Five Force Analysis     
  
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Refrigeration Insulation Materials Market, By Material Type       
 5.1 Introduction      
 5.2 Elastomeric Foam       
  5.2.1 Nitrile Rubber Insulation (NBR)     
  5.2.2 Ethylene Propylene Diene Monomer (EPDM)     
 5.3 Polyurethane & Polyisocyanurate (PU & PIR)      
 5.4 Fiberglass      
 5.5 Polystyrene Foam       
  5.5.1 Extruded Polystyrene (XPS)     
  5.5.2 Expanded polystyrene (EPS)     
 5.6 Phenolic Foam      
 5.7 Other Material Types      
  5.7.1 Perlite     
  5.7.2 Cellular Glass     
  5.7.3 Aerogel     
  5.7.4 Plastic Foams     
        
6 Global Refrigeration Insulation Materials Market, By Application       
 6.1 Introduction      
 6.2 Refrigerated Transportation      
 6.3 Industrial      
 6.4 Commercial      
 6.5 Cryogenic      
        
7 Global Refrigeration Insulation Materials Market, By End User       

 7.1 Introduction      
 7.2 Oil & Gas and Petrochemicals      
 7.3 Food & Beverage      
  7.3.1 Meat, Poultry & Fish Processing     
  7.3.2 Fresh Fruits & Vegetables     
  7.3.3 Dairy & Ice Cream Processing     
 7.4 Chemicals & Pharmaceuticals      
 7.5 Other End Users      
  7.5.1 Healthcare     
  7.5.2 Energy & Utilities     
  7.5.3 Textile     
  7.5.4 Semiconductor     
        
8 Global Refrigeration Insulation Materials Market, By Geography       
 8.1 Introduction      
 8.2 North America       
  8.2.1 US     
  8.2.2 Canada     
  8.2.3 Mexico     
 8.3 Europe      
  8.3.1 Germany     
  8.3.2 UK     
  8.3.3 Italy     
  8.3.4 France     
  8.3.5 Spain     
  8.3.6 Rest of Europe     
 8.4 Asia Pacific      
  8.4.1 Japan     
  8.4.2 China     
  8.4.3 India     
  8.4.4 Australia     
  8.4.5 New Zealand     
  8.4.6 South Korea     
  8.4.7 Rest of Asia Pacific     
 8.5 South America      
  8.5.1 Argentina     
  8.5.2 Brazil     
  8.5.3 Chile     
  8.5.4 Rest of South America     
 8.6 Middle East & Africa      
  8.6.1 Saudi Arabia     
  8.6.2 UAE     
  8.6.3 Qatar     
  8.6.4 South Africa     
  8.6.5 Rest of Middle East & Africa     
        
9 Key Developments       
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 9.2 Acquisitions & Mergers      
 9.3 New Product Launch      
 9.4 Expansions      
 9.5 Other Key Strategies      
        
10 Company Profiling       
 10.1 Morgan Advanced Materials      
 10.2 Owens Corning      
 10.3 BASF SE      
 10.4 Isover      
 10.5 Armacell International S.A.      
 10.6 Aspen Aerogel      
 10.7 Etex      
 10.8 Kingspan Group Plc      
 10.9 Zhejiang Zhenshen Insulation Technology Corp. Ltd.      
 10.10 SaintGobain      
 10.11 L'isolante K-flex S.P.A.      
 10.12 Johns Manville      
 10.13 ZoteFoams      
 10.14 NMC SA      
 10.15 Cabot Corporation      
 10.16 Lyndall Inc     


List of Tables        
1 Global Refrigeration Insulation Materials Market Outlook, By Region (2017-2027) ($MN)       
2 Global Refrigeration Insulation Materials Market Outlook, By Material Type (2017-2027) ($MN)       
3 Global Refrigeration Insulation Materials Market Outlook, By Elastomeric Foam (2017-2027) ($MN)        
4 Global Refrigeration Insulation Materials Market Outlook, By Nitrile Rubber Insulation (NBR) (2017-2027) ($MN)       
5 Global Refrigeration Insulation Materials Market Outlook, By Ethylene Propylene Diene Monomer (EPDM) (2017-2027) ($MN)       
6 Global Refrigeration Insulation Materials Market Outlook, By Polyurethane & Polyisocyanurate (PU & PIR) (2017-2027) ($MN)       
7 Global Refrigeration Insulation Materials Market Outlook, By Fiberglass (2017-2027) ($MN)       
8 Global Refrigeration Insulation Materials Market Outlook, By Polystyrene Foam (2017-2027) ($MN)       
9 Global Refrigeration Insulation Materials Market Outlook, By Extruded Polystyrene (XPS) (2017-2027) ($MN)       
10 Global Refrigeration Insulation Materials Market Outlook, By Expanded polystyrene (EPS) (2017-2027) ($MN)       
11 Global Refrigeration Insulation Materials Market Outlook, By Phenolic Foam (2017-2027) ($MN)       
12 Global Refrigeration Insulation Materials Market Outlook, By Other Material Types (2017-2027) ($MN)       
13 Global Refrigeration Insulation Materials Market Outlook, By Perlite (2017-2027) ($MN)       
14 Global Refrigeration Insulation Materials Market Outlook, By Cellular Glass (2017-2027) ($MN)       
15 Global Refrigeration Insulation Materials Market Outlook, By Aerogel (2017-2027) ($MN)       
16 Global Refrigeration Insulation Materials Market Outlook, By Plastic Foams (2017-2027) ($MN)       
17 Global Refrigeration Insulation Materials Market Outlook, By Application (2017-2027) ($MN)       
18 Global Refrigeration Insulation Materials Market Outlook, By Refrigerated Transportation (2017-2027) ($MN)       
19 Global Refrigeration Insulation Materials Market Outlook, By Industrial (2017-2027) ($MN)       
20 Global Refrigeration Insulation Materials Market Outlook, By Commercial (2017-2027) ($MN)       
21 Global Refrigeration Insulation Materials Market Outlook, By Cryogenic (2017-2027) ($MN)       
22 Global Refrigeration Insulation Materials Market Outlook, By End User (2017-2027) ($MN)       
23 Global Refrigeration Insulation Materials Market Outlook, By Oil & Gas and Petrochemicals (2017-2027) ($MN)       
24 Global Refrigeration Insulation Materials Market Outlook, By Food & Beverage (2017-2027) ($MN)       
25 Global Refrigeration Insulation Materials Market Outlook, By Meat, Poultry & Fish Processing (2017-2027) ($MN)       
26 Global Refrigeration Insulation Materials Market Outlook, By Fresh Fruits & Vegetables (2017-2027) ($MN)       
27 Global Refrigeration Insulation Materials Market Outlook, By Dairy & Ice Cream Processing (2017-2027) ($MN)       
28 Global Refrigeration Insulation Materials Market Outlook, By Chemicals & Pharmaceuticals (2017-2027) ($MN)       
29 Global Refrigeration Insulation Materials Market Outlook, By Other End Users (2017-2027) ($MN)       
30 Global Refrigeration Insulation Materials Market Outlook, By Healthcare (2017-2027) ($MN)       
31 Global Refrigeration Insulation Materials Market Outlook, By Energy & Utilities (2017-2027) ($MN)       
32 Global Refrigeration Insulation Materials Market Outlook, By Textile (2017-2027) ($MN)       
33 Global Refrigeration Insulation Materials Market Outlook, By Semiconductor (2017-2027) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.        

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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