Market Overview:
The global cold insulation market is expected to grow from USD 9.5 billion in 2018 to USD 15.8 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cold insulation in oil and gas industry, refrigeration, chemicals and cryogenic gases, and heating, ventilation, and air conditioning (HVAC) applications across the globe. In addition, growing awareness about energy conservation is also fueling the growth of the global cold insulation market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. Based on type, fiberglass accounted for a major share of the global cold insulation market in 2017 owing to its properties such as high thermal resistance and low thermal conductivity.
Product Definition:
Cold insulation is a material or product that helps to maintain low temperatures in an environment. It can be used in a variety of settings, such as homes, businesses, and factories. Cold insulation is important because it helps to conserve energy and keep costs down.
Fiberglass:
Fiberglass is a type of glass that is made up of sand, along with other materials which are heated to very high temperatures. The end product consists of fibers which are much thinner than the human hair and has a wide range temperature resistance. Fiberglass is used in various sectors including insulation, construction, automotive & transportation and medical among others.
Polyurethane and polyisocyanurate foam:
Polyurethane (PU) and polyisocyanurate foam are widely used materials in the insulation industry. They are categorized under insulating materials commonly known as foams. Foams can be classified on the basis of their density, structure, and applications which further help in determining their usage in various end-use industries such as construction & building insulation, automotive & transportation insulation among others.
Application Insights:
The chemicals and cryogenic gases application segment accounted for the largest revenue share in 2016. The growth can be attributed to the rising use of these foams in refrigeration and air conditioning applications. Owing to their thermal insulation properties, they are widely used in buildings, chemical plants, power plants, etc., which require a stable temperature. These products maintain low internal temperatures even during emergencies such as power failures or outages that prevent damage to sensitive equipment or systems.
The oil and gas industry is anticipated to emerge as one of the prominent end-use industries over the forecast period owing to its growing requirement for cost-effective solutions that enhance operational efficiency while reducing energy consumption by approximately 20%. Foam products provide an efficient solution due largelyto their abilityto insulate against extreme heat & cold without adding extra weight on top of drilling equipment thereby increasing drilling productivity per day hour worked (DPH).
Regional Analysis:
The market in the Asia Pacific and Middle East & Africa is anticipated to grow at a significant rate over the forecast period owing to increasing demand for energy-efficient homes. The rising number of construction projects in these regions, especially in developing economies such as India, China, and Brazil are expected to drive growth over the next eight years.
The growing industrialization across emerging economies including India is likely to propel product demand from various end-use industries such as oil and gas industry for refrigeration applications. In addition, favorable government policies promoting investments through tax benefits are projected to boost market development during the forecast period.
In North America region; U.S., Canada have been experiencing moderate economic growth since past few years on account of strong manufacturing base within these countries coupled with technological advancements has led Oilfield services industry which includes drilling exploration production activities is one of major consumer for cold insulation products globally thus driving this regional segmental revenue share significantly high than other regions during same period i.
Growth Factors:
- Increasing demand for energy-efficient cold insulation in the commercial and industrial sectors
- Rising awareness about the benefits of cold insulation among consumers
- Growing popularity of green buildings that use cold insulation materials for energy conservation
- Proliferation of innovative cold insulation technologies and products
- Stringent government regulations to promote energy efficiency in buildings
Scope Of The Report
Report Attributes
Report Details
Report Title
Cold Insulation Market Research Report
By Type
Fiberglass, Polyurethane and polyisocyanurate foam, Polystyrene foam
By Application
Oil and gas industry, Refrigeration, Chemicals and cryogenic gases, Heating, ventilation, and air conditioning (HVAC)
By Companies
Armacell, Aspen Aerogels, BASF, Bayer, Huntsman, Arabian Fiberglass Insulation, CertainTeed, Evonik, Fletcher Insulation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Cold Insulation Market Report Segments:
The global Cold Insulation market is segmented on the basis of:
Types
Fiberglass, Polyurethane and polyisocyanurate foam, Polystyrene foam
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and gas industry, Refrigeration, Chemicals and cryogenic gases, Heating, ventilation, and air conditioning (HVAC)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Armacell
- Aspen Aerogels
- BASF
- Bayer
- Huntsman
- Arabian Fiberglass Insulation
- CertainTeed
- Evonik
- Fletcher Insulation
Highlights of The Cold Insulation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fiberglass
- Polyurethane and polyisocyanurate foam
- Polystyrene foam
- By Application:
- Oil and gas industry
- Refrigeration
- Chemicals and cryogenic gases
- Heating, ventilation, and air conditioning (HVAC)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cold Insulation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cold insulation is a type of insulation that uses materials like fiberglass, rock wool, or cellulose to keep the temperature inside a building lower than the outside temperature. This can be helpful in cold climates where it is difficult to keep the house warm.
Some of the major players in the cold insulation market are Armacell, Aspen Aerogels, BASF, Bayer, Huntsman, Arabian Fiberglass Insulation, CertainTeed, Evonik, Fletcher Insulation.
The cold insulation market is expected to register a CAGR of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cold Insulation Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cold Insulation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cold Insulation Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cold Insulation Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cold Insulation Market Size & Forecast, 2020-2028
4.5.1 Cold Insulation Market Size and Y-o-Y Growth
4.5.2 Cold Insulation Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fiberglass
5.2.2 Polyurethane and polyisocyanurate foam
5.2.3 Polystyrene foam
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and gas industry
6.2.2 Refrigeration
6.2.3 Chemicals and cryogenic gases
6.2.4 Heating
6.2.5 ventilation
6.2.6 and air conditioning (HVAC)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cold Insulation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cold Insulation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fiberglass
9.6.2 Polyurethane and polyisocyanurate foam
9.6.3 Polystyrene foam
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and gas industry
9.10.2 Refrigeration
9.10.3 Chemicals and cryogenic gases
9.10.4 Heating
9.10.5 ventilation
9.10.6 and air conditioning (HVAC)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fiberglass
10.6.2 Polyurethane and polyisocyanurate foam
10.6.3 Polystyrene foam
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and gas industry
10.10.2 Refrigeration
10.10.3 Chemicals and cryogenic gases
10.10.4 Heating
10.10.5 ventilation
10.10.6 and air conditioning (HVAC)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fiberglass
11.6.2 Polyurethane and polyisocyanurate foam
11.6.3 Polystyrene foam
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and gas industry
11.10.2 Refrigeration
11.10.3 Chemicals and cryogenic gases
11.10.4 Heating
11.10.5 ventilation
11.10.6 and air conditioning (HVAC)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fiberglass
12.6.2 Polyurethane and polyisocyanurate foam
12.6.3 Polystyrene foam
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and gas industry
12.10.2 Refrigeration
12.10.3 Chemicals and cryogenic gases
12.10.4 Heating
12.10.5 ventilation
12.10.6 and air conditioning (HVAC)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fiberglass
13.6.2 Polyurethane and polyisocyanurate foam
13.6.3 Polystyrene foam
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and gas industry
13.10.2 Refrigeration
13.10.3 Chemicals and cryogenic gases
13.10.4 Heating
13.10.5 ventilation
13.10.6 and air conditioning (HVAC)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cold Insulation Market: Competitive Dashboard
14.2 Global Cold Insulation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Armacell
14.3.2 Aspen Aerogels
14.3.3 BASF
14.3.4 Bayer
14.3.5 Huntsman
14.3.6 Arabian Fiberglass Insulation
14.3.7 CertainTeed
14.3.8 Evonik
14.3.9 Fletcher Insulation
