Dublin, Nov. 30, 2023 (GLOBE NEWSWIRE) -- The "Cold Insulation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Cold Insulation Market to Reach $6.6 Billion by 2030
The global market for Cold Insulation estimated at US$4 Billion in the year 2022, is projected to reach a revised size of US$6.6 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030.
Fiber Glass, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$1.6 Billion by the end of the analysis period. Growth in the Phenolic Foams segment is estimated at 5.8% CAGR for the next 8-year period.
The cold storage industry has witnessed significant growth, driven by the COVID-19 pandemic's impact on online grocery shopping and the need for vaccine storage. The surge in online grocery shopping has increased the demand for cold storage facilities, while vaccine distribution has led to numerous cold storage construction projects.
In 2022, the global market for cold storage is competitive, with players having varying levels of market presence, ranging from strong to niche. Cold storage is a crucial component of cold chain logistics, and there are different types of cold storage construction.
The U.S. Market is Estimated at $719.6 Million, While China is Forecast to Grow at 9.2% CAGR
The market is expected to continue its robust growth, with the United States leading in cold storage construction. However, the industry faces challenges such as high build-out costs, a shortage of skilled labor, extended lead times, and delivery delays.
The Cold Insulation market in the U.S. is estimated at US$719.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 442 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $4 Billion |
| Forecasted Market Value (USD) by 2030 | $6.6 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Rising Concerns over Greenhouse Gas Emissions Extends Growth Opportunities
- Worldwide Greenhouse Gas Emissions by Economic Sector (in %): 2019
- Worldwide Greenhouse Gas Emissions by Gas (in %): 2019
- Worldwide CO2 Emissions from Industrial and Fossil Fuel Combustion Processes by Region (in %): 2019
- WTW Greenhouse Gas Emissions (in gm CO2eq/MJ) for Gasoline, Diesel, CNG, LNG, CNG from Landfill Gas, and LNG from Landfill Gas
- Pounds of Air Pollutants (CO2, CO, NOx, SO2, Particulates, and Mercury) Per Billion BTUs of Energy for Natural Gas, Oil, and Coal
- Oil & Gas Sector: Complex Operational Environments Enhance Significance ofCold Insulation Materials
- COVID-19 Throws New Set of Challenges for Oil & Gas Industry
- Global Oil & Gas E&P Industry Spending (2015-2021E)
- Breakdown of Global E&P Spending (in %) by Supply Segment for the Year 2019 & 2020
- Breakdown of North American E&P Capital Spending (in %) by Type of Company for 2020
- Cold Insulation in HVAC Sector: Significant Growth Potential
- Global HVAC Systems Market Size (in US$ Billion) for the Years 2019, 2022 & 2025
- Global HVAC Market Revenues (in %) by End-Use Sector: 2020E
- Global HVAC Market Revenues (in %) by Region: 2020E
- Widespread Deployments of Air Conditioning Equipment Drive HVAC Insulation Demand
- Global Installed Base of Air Condoning Units (in Millions) for the Years 2016, 2020, 2030, 2040 & 2050
- Construction and Infrastructure Spending Determines Demand for Cold Insulation Materials
- Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
- Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
- Intensified Demand for Refrigeration Equipment Accelerates Market Expansion
- Growing Prominence of Cold Insulation in the Food Cold Chain
- Global Cold Storage Market Revenues (in %) by Product Category: 2020E
- Investments in Cold Chain Facilities to Set the Tone for Refrigeration Insulation Demand
- Increasing Cryogenic Equipment Deployments Augur Well for Cold Insulation Market
- Global Cryogenic Equipment Market Size (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
- Polyurethane Foam Emerges as a Widely Used Cold Insulation Material
- Global Polyurethane Foams Market by End-Use Application (2020)
- Polystyrene Foam: Growth Driven by Use in Insulation Products
- Global Polystyrene Foams Demand Breakdown by End-Use Sector (in %) for 2020
- Innovations & Advancements Spearhead Growth
- Bio-Based Cold Insulation Materials: A Promising Development
- Stringent Environmental Regulations to Favor Market Growth
FOCUS ON SELECT PLAYERS (Total 80 Featured)
- BASF SE
- Dow Inc.
- Evonik Industries AG
- Certain Teed Corporation
- Johns Manville
- Covestro AG
- Aspen Aerogels, Inc.
- Armacell
- Kingspan Group PLC
- Fletcher Insulation Pty., Ltd.
- Arabian Fiberglass Insulation Co., Ltd.
- CSR Bradford Insulation
- Kaefer Isoliertechnik GmbH & Co. KG
- DAFA A/S
- DUNA-Corradini SpA
For more information about this report visit https://www.researchandmarkets.com/r/ke99fu
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