Market Overview:
The global cryogenic insulation materials market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy and power, chemicals, metallurgical, electronics, oil & gas and other applications. In terms of type, the PU & PIR segment is expected to lead the market during the forecast period owing to its properties such as thermal insulation and acoustic insulation.
Product Definition:
Cryogenic insulation materials are used to prevent the loss of heat from equipment or systems that use or generate cryogenic fluids. The importance of cryogenic insulation materials is that they help maintain the temperature of the fluid and keep it from dissipating into the environment.
PU & PIR:
Polyurethane (PU) and polyisocyanurate (PIR) are two majorly used cryogenic insulation materials. PU is a flexible, clear material that is often used in cryogenic tankage applications. PIR, on the other hand, is a rigid material that provides better thermal performance as compared to PU and has high dielectric strength.
Cellular Glass:
Cellular glass is a type of glass that occurs in fibers and sheets. It has superior properties such as low thermal expansion, high electrical resistance, low permeability to gases & liquids and it can be easily cut or drilled. The most commonly used types of cellular glass include fiberglass and C-glass (Ceramic Glass).
Application Insights:
The energy & power application segment led the market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for electricity generation from renewable sources such as wind and solar rays. Cryogenic insulation materials are used in power plants, nuclear reactors, natural gas compression stations, oil refineries and petrochemical plants for maintaining constant temperature inside the structures during cold weather conditions.
Increasing investments by countries such as China India Japan South Korea Australia Mexico Brazil France Russia Italy Spain U.K., on various infrastructure projects including railway networks highways bridges airports is expected to drive product demand over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for cryogenic insulation materials, owing to rapid industrialization and increasing energy demand. The region accounted for over 35% of the total revenue share in 2016 and is anticipated to grow at a CAGR of XX% from 2017 to 2030. This growth can be attributed mainly to developing economies such as China, India, Japan, South Korea and Taiwan which are witnessing strong economic growth along with rising energy demand due their rapidly expanding industries such as chemicals & petrochemicals; metallurgy & mining; power generation; aerospace & defense among others.
The electronics industry in Asia Pacific has witnessed tremendous development over the past few years on account of growing consumer awareness regarding advanced technology products coupled with increased disposable income resulting into higher sales volume thus driving Cryogenic Insulation Materials (CIM) market growth in APAC region significantly during forecast period from 2018 To 2030 (Chart 1).
Growth Factors:
- Increasing demand for cryogenic insulation materials in the transportation and aerospace industries due to the need for energy-efficient and lightweight products.
- Growing popularity of cryogenic insulation materials in the medical industry due to their ability to preserve tissue samples and organs.
- Rising demand from developing countries for cryogenic insulation materials in food processing, biotechnology, and pharmaceuticals industries.
- Technological advancements that have led to the development of new types of cryogenic insulation materials with better thermal performance characteristics. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Insulation Materials Market Research Report
By Type
PU & PIR, Cellular Glass, Polystyrene, Fiberglass, Perlite, Others
By Application
Energy & Power, Chemicals, Metallurgical, Electronics, Oil & Gas, Others
By Companies
BASF, Armacell International Holding, Lydall, Rochling Group, Saint Gobain, Cabot Corporation, Hertel, Johns Manville, Dunmore Corporation, Imerys Minerals, BASF
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Insulation Materials Market Report Segments:
The global Cryogenic Insulation Materials market is segmented on the basis of:
Types
PU & PIR, Cellular Glass, Polystyrene, Fiberglass, Perlite, Others
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
Energy & Power, Chemicals, Metallurgical, Electronics, Oil & Gas, Others
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:
- BASF
- Armacell International Holding
- Lydall
- Rochling Group
- Saint Gobain
- Cabot Corporation
- Hertel
- Johns Manville
- Dunmore Corporation
- Imerys Minerals
- BASF
Highlights of The Cryogenic Insulation Materials 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:
- PU & PIR
- Cellular Glass
- Polystyrene
- Fiberglass
- Perlite
- Others
- By Application:
- Energy & Power
- Chemicals
- Metallurgical
- Electronics
- Oil & Gas
- Others
- 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 Cryogenic Insulation Materials 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Cryogenic insulation materials are materials that use subzero temperatures to keep objects or people cool.
Some of the major players in the cryogenic insulation materials market are BASF, Armacell International Holding, Lydall, Rochling Group, Saint Gobain, Cabot Corporation, Hertel, Johns Manville, Dunmore Corporation, Imerys Minerals, BASF.
The cryogenic insulation materials market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryogenic Insulation Materials 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 Cryogenic Insulation Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryogenic Insulation Materials 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 Cryogenic Insulation Materials 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 Cryogenic Insulation Materials Market Size & Forecast, 2018-2028
4.5.1 Cryogenic Insulation Materials Market Size and Y-o-Y Growth
4.5.2 Cryogenic Insulation Materials Market Absolute $ Opportunity
Chapter 5 Global Cryogenic Insulation Materials 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 Cryogenic Insulation Materials Market Size Forecast by Type
5.2.1 PU & PIR
5.2.2 Cellular Glass
5.2.3 Polystyrene
5.2.4 Fiberglass
5.2.5 Perlite
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cryogenic Insulation Materials 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 Cryogenic Insulation Materials Market Size Forecast by Applications
6.2.1 Energy & Power
6.2.2 Chemicals
6.2.3 Metallurgical
6.2.4 Electronics
6.2.5 Oil & Gas
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryogenic Insulation Materials 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 Cryogenic Insulation Materials 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 Cryogenic Insulation Materials Analysis and Forecast
9.1 Introduction
9.2 North America Cryogenic Insulation Materials 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 Cryogenic Insulation Materials Market Size Forecast by Type
9.6.1 PU & PIR
9.6.2 Cellular Glass
9.6.3 Polystyrene
9.6.4 Fiberglass
9.6.5 Perlite
9.6.6 Others
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 Cryogenic Insulation Materials Market Size Forecast by Applications
9.10.1 Energy & Power
9.10.2 Chemicals
9.10.3 Metallurgical
9.10.4 Electronics
9.10.5 Oil & Gas
9.10.6 Others
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 Cryogenic Insulation Materials Analysis and Forecast
10.1 Introduction
10.2 Europe Cryogenic Insulation Materials 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 Cryogenic Insulation Materials Market Size Forecast by Type
10.6.1 PU & PIR
10.6.2 Cellular Glass
10.6.3 Polystyrene
10.6.4 Fiberglass
10.6.5 Perlite
10.6.6 Others
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 Cryogenic Insulation Materials Market Size Forecast by Applications
10.10.1 Energy & Power
10.10.2 Chemicals
10.10.3 Metallurgical
10.10.4 Electronics
10.10.5 Oil & Gas
10.10.6 Others
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 Cryogenic Insulation Materials Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cryogenic Insulation Materials 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 Cryogenic Insulation Materials Market Size Forecast by Type
11.6.1 PU & PIR
11.6.2 Cellular Glass
11.6.3 Polystyrene
11.6.4 Fiberglass
11.6.5 Perlite
11.6.6 Others
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 Cryogenic Insulation Materials Market Size Forecast by Applications
11.10.1 Energy & Power
11.10.2 Chemicals
11.10.3 Metallurgical
11.10.4 Electronics
11.10.5 Oil & Gas
11.10.6 Others
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 Cryogenic Insulation Materials Analysis and Forecast
12.1 Introduction
12.2 Latin America Cryogenic Insulation Materials 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 Cryogenic Insulation Materials Market Size Forecast by Type
12.6.1 PU & PIR
12.6.2 Cellular Glass
12.6.3 Polystyrene
12.6.4 Fiberglass
12.6.5 Perlite
12.6.6 Others
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 Cryogenic Insulation Materials Market Size Forecast by Applications
12.10.1 Energy & Power
12.10.2 Chemicals
12.10.3 Metallurgical
12.10.4 Electronics
12.10.5 Oil & Gas
12.10.6 Others
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) Cryogenic Insulation Materials Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cryogenic Insulation Materials 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) Cryogenic Insulation Materials Market Size Forecast by Type
13.6.1 PU & PIR
13.6.2 Cellular Glass
13.6.3 Polystyrene
13.6.4 Fiberglass
13.6.5 Perlite
13.6.6 Others
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) Cryogenic Insulation Materials Market Size Forecast by Applications
13.10.1 Energy & Power
13.10.2 Chemicals
13.10.3 Metallurgical
13.10.4 Electronics
13.10.5 Oil & Gas
13.10.6 Others
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 Cryogenic Insulation Materials Market: Competitive Dashboard
14.2 Global Cryogenic Insulation Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Armacell International Holding
14.3.3 Lydall
14.3.4 Rochling Group
14.3.5 Saint Gobain
14.3.6 Cabot Corporation
14.3.7 Hertel
14.3.8 Johns Manville
14.3.9 Dunmore Corporation
14.3.10 Imerys Minerals
14.3.11 BASF
