Dublin, Aug. 06, 2024 (GLOBE NEWSWIRE) -- The "Cold Insulation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Cold Insulation is estimated at US$4.7 Billion in 2023 and is projected to reach US$7.4 Billion by 2030, growing at a CAGR of 6.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the cold insulation market is driven by several factors, reflecting the dynamic changes in technology, environmental policies, and industry standards. The expansion of industries that rely heavily on refrigeration technologies, such as biopharmaceuticals, food processing, and energy, particularly with the increase in LNG projects, directly impacts the demand for advanced cold insulation solutions. Technological advancements that lead to more efficient and sustainable insulation materials also contribute to market growth.
Furthermore, growing global concerns about energy efficiency and greenhouse gas emissions have prompted tighter regulatory standards worldwide, enhancing the adoption of effective insulation practices. Consumer behavior, especially increased demand for processed foods and pharmaceuticals requiring controlled temperatures, further accelerates the growth of the cold insulation market. These factors collectively fuel the continued development and implementation of cold insulation technologies across various sectors.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Fiber Glass Material segment, which is expected to reach US$1.7 Billion by 2030 with a CAGR of a 6.5%. The Phenolic Foams Material segment is also set to grow at 6.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $762.5 Million in 2023, and China, forecasted to grow at an impressive 9.2% CAGR to reach $1.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Cold Insulation Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cold Insulation Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Cold Insulation Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BASF SE, Dow Inc., Evonik Industries AG, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (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 S.p.A.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 442 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $4.7 Billion |
| Forecasted Market Value (USD) by 2030 | $7.4 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Cold Insulation: A Prelude
- A Comparison of Common Available Insulation Materials
- Key Characteristics of Cold Insulation Materials
- Hot Insulation versus Cold Insulation
- Increasing Environmental Concerns and the Critical Need to Minimize Energy Loss Drive Demand
- Polyurethane Foam: Largest and Fastest Growing Cold Insulation Material Type
- Fiber Glass: A Traditional Widely Used Cold Insulation Material
- Phenolic Foam Seeks to Widen Addressable Market
- Oil & Gas Applications Dominate Cold Insulation Sales
- Europe Dominates Consumption, While China Leads Global Growth in Demand
- Competition
- World Brands
- Recent Market Activity
- Cold Insulation - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Concerns over Greenhouse Gas Emissions Extends Growth Opportunities
- Worldwide Greenhouse Gas Emissions by Economic Sector (in %): 2024
- Oil & Gas Sector: Complex Operational Environments Enhance Significance of Cold Insulation Materials
- Cold Insulation in HVAC Sector: Significant Growth Potential
- Global HVAC Systems Market Size (in US$ Billion) for the Years 2019, 2022 & 2025
- 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: 2024
- 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
- Polystyrene Foam: Growth Driven by Use in Insulation Products
- Innovations & Advancements Spearhead Growth
- Bio-Based Cold Insulation Materials: A Promising Development
- Stringent Environmental Regulations to Favor Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/mqdgz4
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