Press release
Refrigeration Insulation Materials Market to Witness Huge Growth by Key Players: Armacell, Owens Corning, Kingspan Group Plc, Morgan Advanced Materials, Etex, BASF SE, Aspen Aerogel
Global Refrigeration Insulation Materials Market 2020-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.Get Free Sample Report in PDF Format @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=3139886
The refrigeration insulation materials market size is projected to reach USD 4.8 billion by 2025, at a CAGR of 6.0% between 2020 and 2025. This report spread across 162 Pages, Profiling 15 Companies and Supported with 113 Tables and 52 figures are now available in this research.
Top Companies Profiled in the Refrigeration Insulation Materials Market: Armacell (Germany), Owens Corning (US), Kingspan Group Plc (Ireland), Morgan Advanced Materials (UK), Etex (Belgium), Isover (France), BASF SE (Germany), Kflex (Italy), and Aspen Aerogel (US).
Phenolic foam is expected to be the fastest-growing segment in the over all market between 2020 and 2025.
Phenolic foams are related to PU & PIR foams.They have similar properties and are made up of almost the same raw material. However,phenolic foam offers better insulation capabilities as compared to PU & PIR at a cheaper cost. Its R-value is very high, which means much lighter and thinner phenolic foam-based insulation is required for the same area as compared to PU & PIR.
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Commercial application segment is estimated to witness the highest growth rate between 2020 and 2025
The commercial application consists of retail outlets, refrigerated warehouses, food storages, and so on.These establishments need to expand refrigerated storage to keep various products and cater to the growing demand for frozen food &cold beverage. Thus, the growth in the food &beverage industry is a key factor for the growth of refrigeration insulation materials in commercial applications.
Other end-use industries segment is estimated to witness the highest growth rate between 2020 and 2025.
Other industries include energy & utilities, healthcare, semiconductor, and textile. The growth of semiconductor and electronic device production is one of the major factors influencing the growth of refrigeration insulation in the others segment. Semiconductor fabrication plants where integrated circuits are manufactured are kept at controlled temperatures. Wind and solar power plant components need to be kept at a certain temperature so that the whole system does not over heated.
Competitive Landscape of Refrigeration Insulation Materials Market:
1 Overview
2 Competitive Leadership Mapping (Overall Market)
2.1 Dynamic Differentiators
2.2 Innovators
2.3 Visionary Leaders
2.4 Emerging Players
3 Market Ranking, 2019
3.1 New Product Launches
3.2 Expansions
3.3 Acquisitions
3.4 Contracts, Partnership, Joint Ventures & Agreements
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Research Coverage:
This report segments the market for refrigeration insulation materials based on material type,application,and end-use industry. It provides estimations of the overall market size across various regions. A detailed analysis of the key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and acquisitions associated with the market.
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