openPR Logo
Press release

Keeping it Cool: The Dynamic and Expanding Cold Insulation Materials Market and its Impact on Energy Efficiency and Environmental Sustainability

Cold Insulation Materials Market

Cold Insulation Materials Market

The market for cold insulation materials is expected to expand at a significant 6.2% CAGR between 2022 and 2032. Growth in the market is primarily driven to rising demand from the chemical and oil & gas industries.

Materials or a combination of two or more materials can be used as insulation to stop heat transfer and so save energy. Between -275°C and 15°C are the normal operating temperatures for cold insulation. Numerous industries, including refrigeration, HVAC, oil & gas, and chemicals, use cold insulating material. Growing worries about greenhouse gas emissions are anticipated to drive market expansion during the forecast period. Government support to increase the energy efficiency of public infrastructure is an addition to market expansion.

Cold insulation materials Market such as phenolic foams, fibreglass, polystyrene foams, and polyurethane foams are expected to rise in tandem with rising disposable income and demand for air conditioning & refrigeration equipment in emerging markets. Rising demand for cryogenic equipment in the oil & gas industry is expected to fuel the demand for cryogenic insulation materials, boosting global market growth.

Order the sample copy of report @ https://www.persistencemarketresearch.com/samples/4099

Demand for cold insulation materials with low carbon footprints is being further stimulated by the growing use of various cryogenic gases such as liquefied petroleum gas (LPG) and liquefied natural gas (LNG).

Key Takeaways from Market Study

The global market for cold insulation materials is estimated to reach a value of US$ 12.65 Bn by the end of 2032.
The polyurethane foam segment is estimated to witness a CAGR of 6.3% during the assessment period.
Oil & gas is estimated to remain a key application of cold insulation materials and exhibit a growth rate of 5.9% during the forecast period.
The North American market is anticipated to create an incremental dollar opportunity of US$ 1.32 Bn by 2032.
By insulation type, the cellular segment is anticipated to expand at a CAGR of 6.3% over the decade.

"Key market participants are investing a fair share of their revenue in research & development and focusing on collaborations & expansions to boost their global footprint," says a Persistence Market Research analyst.

For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/4099

Competitive Landscape

The cold insulation materials market is somewhat consolidated, with only a few players dominating and controlling a majority of the market. Along with this, there are some medium- and small-scale players in the market who are keeping the market competitive.

Some of the key market players included in the report are BASF SE, Huntsman International LLC, Armacell International S.A., CertainTeed Corporation, Arabian Fiberglass Insulation Co., Ltd., Evonik Industries, The Dow Chemical Company, Fletcher Insulation Group, Kingspan Group PLC, Johns Manville Corporation, Knauf Insulation Inc., Owens Corning, Rockwool International A/S, and Aspen Aerogels Inc.

Conclusion

Rising demand for cryogenic equipment in the oil & gas industry is expected to fuel the demand for cryogenic insulation materials over the decade. In terms of customer base, innovation, and geopolitical conditions, East Asia and South Asia Pacific are vastly different. Due to the sheer growing end-use sectors, the cold insulation materials markets in India, China, and ASEAN countries are expected to gain traction over the years to come.

More Valuable Insights Available

Persistence Market Research, a research and consulting firm, has published a new market research report on the global cold insulation materials market that contains an industry analysis of 2017-2021 and an opportunity assessment for 2022-2032.

The report provides an in-depth analysis of the market through different segments, namely, material type, insulation type, application, and region. The report also provides supply and demand trends along with an overview of the parent market.

For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/4099

For More Related Reports -

https://www.persistencemarketresearch.com/market-research/construction-aggregates-market.asp

https://www.persistencemarketresearch.com/market-research/phenol-market.asp

https://www.persistencemarketresearch.com/market-research/paints-coatings-market.asp

https://www.persistencemarketresearch.com/market-research/protective-coatings-market.asp

https://www.persistencemarketresearch.com/market-research/agrochemicals-market.asp

Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us: -

Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Keeping it Cool: The Dynamic and Expanding Cold Insulation Materials Market and its Impact on Energy Efficiency and Environmental Sustainability here

News-ID: 3023048 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Insulation

HVAC Insulation Market Is Booming Worldwide | Knauf Insulation, Arabian Fibergla …
The latest research study released by AMA on the HVAC Insulation Market offers over 233+ pages of analysis on business strategies employed by key and emerging industry players. It provides insights into current market developments, landscape, technologies, drivers, opportunities, market outlook, and status. The market study is segmented by key regions driving market growth. The HVAC Insulation study combines qualitative and quantitative market data, primarily collected and validated through primary
Thin Insulation Market Size Surges: $2057.8 Million Milestone by 2030 | DowDuPon …
CALIFORNIA, (UNITED STATES) - According to QYResearch New Study Report 'Thin Insulation Market 2024' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to the particular
07-04-2024 | Chemicals & Materials
CMI
Thin Insulation Market May Set Epic Growth Story 2024 - 2031 | Kingspan Insulati …
Market Overview: The Thin Insulation Market was USD 2. 39in 2023 and will reach USD 3.95 billion, registering a CAGR of 6.3% during the forecast period by 2031. Market Dynamics: The increasing demand from the construction industry is driving the growth of the thin insulation market. Thin insulation materials are widely used in building walls, roofs, and piping as they have high R-value per inch of thickness. This property saves construction material costs
Fiberglass Insulation Market Top Key Players - Asahi Fiber Glass, Bradford insul …
Fiberglass is a common insulation material used in a variety of buildings. It is made up of extremely thin glass fibers. It's commonly found in a variety of insulating products, including batts, rolls, and loose fill. It's also available in the form of rigid panels and duct shielding. Companies now offer synthetic fibers in medium and higher fiberglass batts with somewhat higher R-Values than conventional batts. Fiberglass can be used to
Fiberglass Rigid Board Insulation Market Size 2017-2022: Knauf Insulation, Owens …
Global Fiberglass Rigid Board Insulation Market Research Report A market study ” Global Fiberglass Rigid Board Insulation Market ” examines the performance of the Fiberglass Rigid Board Insulation market 2017. It encloses an in-depth Research of the Fiberglass Rigid Board Insulation market state and the competitive landscape globally. This report analyzes the potential of Fiberglass Rigid Board Insulation market in the present and the future prospects from various angles in detail. Inquiry
Global Fiberglass Rigid Board Insulation Market 2017 - Knauf Insulation, Owens C …
The recent report on Fiberglass Rigid Board Insulation market offers insightful information about the present scenario of the market across the globe. The report, titled Fiberglass Rigid Board Insulation points out the key factors affecting the growth of the market. Latest market trends as well as the future growth opportunities have been mentioned in the report. The report takes into account the various micro and macro-economic factors governing the overall