Asia-Pacific Cold Insulation Market is projected to reach $3,251,903 thousand by 2023, with a growing CAGR of 7.7%.
Download the Sample Report @ http://bit.ly/2WtkG4D
Cold insulation is a low-temperature application insulation used to improve energy efficiency. It is used in numerous applications operating at temperatures below the ambient range and requiring protection against heat. A cold insulation material acts as a barrier to heat flow and closed structure is used to avoid wicking in a system where it is installed. These materials are adopted in various applications to maintain low temperature for process control, avoid surface condensation, and conserve refrigeration. The types of materials used for cold insulation are fiber glass, polyurethane foam, polystyrene foam, phenolic foam, and others. These are used in oil & gas industries, cold stores & marine applications, building & construction, and others.
Increase in its demand in various applications such as refrigeration, HVAC, oil & gas, chemicals, and others drives the Asia-Pacific cold insulation market. The usage of cold insulation has increased due to its ability to protect the environment from greenhouse gases and increase the efficiency of the system. These factors are further expected to provide lucrative growth opportunities to the market players. However, volatility of raw material prices is projected to hamper the market growth during the forecast period.
Over the forecast period, polyurethane foam is anticipated to hold a dominant position in the market, as polyurethane exhibits unique properties such as lightweight, low thermal conductivity, low water absorption, enhanced strength, and high chemical resistance. It is suitable for handling low thermal conductivity and substances stored at below freezing temperature.
For More Inquiry @ http://bit.ly/31jWCVv
The oil & gas application segment dominated the market, with two-sevenths share of the Asia-Pacific market in 2016. In the oil & gas industry, cold insulation is used to address relative designs, materials, procedures, and standard installation necessities for oil & gas infrastructure such as pipelines, vessels, and tanks.
Key Findings of the Asia-pacific Cold Insulation Market:
• In 2016, China dominated the Asia-Pacific cold insulation market, with around one-third of the market share, in terms of revenue.
• The polystyrene foam segment is estimated to witness the highest growth rate, in terms of revenue, registering a CAGR of 8.1% from 2017 to 2023.
• Refrigeration segment is projected to grow at the highest CAGR of 8.2%, in terms of revenue.
• In 2016, oil & gas dominated the Asia-Pacific cold insulation market, accounting for around two-sevenths share, in terms of both revenue and volume.
• India is projected to grow at the highest CAGR of 8.3%, in terms of revenue.
In 2016, China dominated the Asia-Pacific market in terms of both revenue and volume, owing to increase in disposable income, growth in building & construction, and high demand for air conditioning devices due to the warm climate in this region. Furthermore, Singapore is projected to witness the highest CAGR of 8.5%, followed by Philippines with 8.4% from 2017 to 2023.
The key companies profiled in the report include Kingspan Groups PLC., BASF SE, Huntsman Corporation, ITW Insulation Systems, Rockwool International A/S, Covestro Ag, DowDuPont Inc., Dongsung FineTec Co., Ltd., Armacell International Holdings Inc., and Nichias Corporation.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asia-Pacific Cold Insulation Market is projected to reach $3,251,903 thousand by 2023, with a growing CAGR of 7.7%. here
News-ID: 1770266 • Views: 396
More Releases from Allied Market Research
Diphtheria, Tetanus, and Pertussis (DTP) Vaccine Market Expected to Reach $7.05 …
According to a new report published by Allied Market Research, titled, “Diphtheria, Tetanus, and Pertussis (DTP) Vaccine Market by Product, Age Group, and End User: Opportunity Analysis and Industry Forecast, 2020–2027," the global Diphtheria, Tetanus, and Pertussis Vaccine market was valued at $ 4,758.8 million in 2019 and is expected to reach $ 7,054.4 million by 2027, with a CAGR of 5.1% from 2020-2027. The DTaP segment accounted for major
Burn Care Market Expected to Reach $3,134 Million by 2027
According to a new report published by Allied Market Research, titled, “Burn care Market by Product, Depth of Burn, and End User: Opportunity Analysis and Industry Forecast, 2020–2027," the global burn care market size was valued at $1,992 million in 2019, and is projected to reach $3,134 million by 2027, growing at a CAGR of 5.6% from 2020 to 2027. Click Here To Access Free Sample Report: https://www.alliedmarketresearch.com/request-sample/4395 Burns are injuries
Drug Delivery Devices Market projected to Cross $26.7 Billion by 2026
Drug Delivery Devices Market size was valued at $19 billion in 2018, and is expected to reach $26.7 billion by 2026, registering a CAGR of 4.3% from 2019 to 2026. Drugs are used to improve health and to extend lives. However, the medications can be taken in various ways, including by swallowing, by absorption, by inhalation, through the skin, and by intravenous injection. For this, the drug delivery devices are developed,
Pharmaceutical Filtration Market on Position to Hit $7.74 Billion by 2026
Pharmaceutical filtration is defined as a filtration process to separate suspended particles from a medium or solution by passing them through a membrane. They reduce or eliminate the bacteria or other microorganisms in process components. The filtration process can be combined with other pharmaceutical manufacturing operations. Pharmaceutical filters are used in the production of small molecule ingredients such as active pharmaceutical ingredients (APIs) and pharmaceutical excipients. In addition, it is
More Releases for Cold
COLD ROOM CONSTRUCTION
How to get an official quotation from Akpo Oyegwa Refrigeration Company? For clarification kindly visit the official website as various sizes of cold rooms have been published with the costs included. As soon as you have made your final decision about the exact size of cold room you need then you can proceed further by filling the quotation request form online and an official quotation will be sent to you via e-mail. https://www.nigeriacontractor.com/get-a-quote/
COLD CHAIN BUSINESS
The Cold Chain Industry is developing at a faster rate in India due to a shift in focus to better storage and transportation facility of the commodity from increasing the production. A cold chain is a temperature-controlled supply chain that involves the storage and transportation of perishable goods. The cold chain helps to preserve and increase the shelf life of various products including agricultural produce, frozen food, pharmaceuticals, etc. Food
Cold Plasma Technology Market Size
This report focuses on the global Cold Plasma Technology status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cold Plasma Technology development in United States, Europe and China. In 2017, the global Cold Plasma Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. Download FREE Sample of
Cold coffee cannibalizing cold drinks
The price of coffee is set to reach a record high by 2018, which is why coffee shops are hoarding coffee beans to meet consumer demand. While sales of hot coffee fell by 3% due to rising summer temperatures, cold coffee market sales were up by 80% over the previous year. It takes about 0.2 kilograms of beans to brew a gallon of hot coffee, while cold coffee takes only a pound.
Cold Chain Packaging Market -
The quality of service in “Cold Chain” is largely dependent on the growing investments in latest technology as well as equipment, particularly the cold chain packaging solution. Over the last decade or two, highly competitive market are facing economic hardships, and hence, pharmaceutical companies were looking for different methods to minimize cost of product packaging. One of the ways thought of to achieve cost cutting was the use of inexpensive
DAVOS - COLD OR HOT?
Davos – Cold or Hot? Check out on 9-10 February, 2012! - Prepare for a heated debate on who to run Employee Comms - HR or PR, with Paul Holmes, a seasoned PR and communications professional, founder of The Holmes Report and the SABRE awards, and an indisputable authority worldwide. -Join the round table on communicating scientific breakthrough with James Gillies, head of communications at CERN, as moderator. -Come to hear Daniel Holtgen’s solutions