|05-15-2019 08:44 PM CET - Industry, Real Estate & Construction||
Global Cryogenic Insulation Market 2025- Industry Outlook, Size, Share, Growth Prospects, Key Opportunities, Trends and Forecasts, Brief Analysis On Top Key players: Amol Dicalite Limited, Armacell, Aspen Aerogels, Inc., BASF SE, Cabot Corporation
Press release from: Data Bridge Market Research
PR Agency: Data Bridge Market Research
Global Cryogenic Insulation Market is expected to rise from its initial estimated value of USD 2.29 billion in 2018 to an estimated value of USD 4.09 billion by 2026, registering a CAGR of 7.53% in the forecast period of 2019-2026. Increasing demand for liquefied natural gas is the major factor for the growth of this market.
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Global Cryogenic Insulation Market By Type (PU & PIR, Cellular Glass, Polystyrene, Fiberglass, Perlite, Others),
Cryogenic Equipment (Tanks, Valves, Vaporizer, Pump, Others),
Form (Multi- Layer, Foam, Bulk- Fill),
End- Use Industry (Energy & Power, Chemicals, Metallurgical, Electronics, Shipping, Others),
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Key Market Competitors:
Few of the major competitors currently working in cryogenic insulation market are Amol Dicalite Limited, Armacell, Aspen Aerogels, Inc., BASF SE, Cabot Corporation, DUNMORE, Hertel Holding B.V., Imerys, Isover, Johns Manville, Lydall, Inc., Owens Corning and Röchling Group.
Key Developments in the Market:
• In January 2019, Quantum Cryogenics launched indirect whole body cryotherapy chamber. This delivers ultra- cold temperature that has been chilled using liquid nitrogen.
• In November 2018, NASA announced the upcoming launch of their Robotics Refuelling Mission 3 that will have techniques for storing and replenishing cryogenic spacecraft fuel. Cryogenic fluid can serve as a very potent fuel.
Global cryogenic insulation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cryogenic insulation market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
• Increase in the demand for LNG is the major factor driving the market.
• Use of cryogenics material in aerospace applications.
• Volatile price of the raw material is the factor restraining the growth of this market.
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Cryogenics is the production and behaviour of material at very low temperature. Cryogenics insulation is a technique which is used for the reliable storage and effective transport of the inflammable products. They usually have high stability and require less maintenance. The main function of the cryogenics is the transportation and storage of LNG
• By Type
o Polyurethane (PU) & Polyisocyanurate (PIR)
o Cellular Glass
• By Cryogenic Insulation
• By Form
o Multi- Layer
o Bulk- Fill
• By End- Use Industry
o Energy & Power
• By Geography
o North America
o South America
Rest of South America
Rest of Europe
Rest of Asia-Pacific
o Middle East and Africa
United Arab Emirates
Rest of Middle East and Africa
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