Market Overview:
The global LNG insulation panel market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LNG across the globe. Additionally, the growing awareness about energy efficiency is also propelling the growth of this market. The global LNG insulation panel market can be segmented on the basis of type, application and region. On the basis of type,the global LNG insulation panel market can be segmented into foaming agent, laminated densified wood and others. Foaming agent is expected to account for a major share in terms of revenue in 2018 owing to its high thermal performance and low weight properties as compared to other types of insulation panels available in the market. On account if application,the global LNG insulation panelmarket can be divided intoLNG receiving station, offshoreL NG extraction platformand others segments .
Product Definition:
LNG insulation panel is a type of thermal insulation that is used in liquefied natural gas (LNG) tanks. LNG tanks need to be insulated to maintain the correct temperature and to prevent the gas from condensing. The LNG insulation panel helps to keep the tank warm by trapping heat inside and preventing it from escaping.
Foaming Agent:
Foaming agent is a chemical used to increase the foam volume and/or develop high-density foams. Foaming agents are added in large quantities during the production of LNG insulation panels. The growth factor for foaming agents is their ability to reduce thermal conductivity by lowering the density of material, thus increasing overall efficiency.
Laminated Densified Wood:
Laminated Densified Wood (LDW) is a combination of wood and plastic, which helps in increasing the life span of wood structures. LDW consists of layers; the inner layer acts as a carrier for the chemicals while transporting it to where it is needed, an intermediate layer prevents moisture from getting in between the layers and also provides mechanical strength to them.
Application Insights:
The global demand for LNG insulation panel was dominated by the application in LNG receiving stations owing to its ability to reduce energy loss and cost of maintenance. The segment accounted for a volume share of over 60% in 2017. Increasing use of natural gas as an energy source is expected to drive the growth rate over the forecast period, thereby supporting segment growth during the study period.
LNG offshore extraction platform is expected to be one of the fastest-growing segments due largely to rising number of projects seeking approval from regional governments and international oil companies regarding exploration activities off shore China, South Korea, Japan and Taiwan among others are projectededto extract large volumes off Global Natural Gas which will require insulated platforms at depth levels where temperatures remain high throughout winter months.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of Asia Pacific LNG insulation panel market can be attributed to increasing demand from countries such as China, India, South Korea, Japan and Indonesia. These countries are involved in developing their natural gas infrastructure for transportation and distribution purposes.
The North America region accounted for a significant share owing to rising demand from U.S., Canada and Mexico on account of growing need for energy security coupled with environmental awareness among consumers regarding carbon footprints associated with various fossil fuels used for energy generation purpose including coal, oil & gas (LNG being one of the most preferred options) etc.).
Growth Factors:
- Increasing demand for LNG as a fuel source in transportation and power generation
- Growing popularity of LNG as an alternative to traditional fuels
- Rising investment in infrastructure development for LNG terminals and storage facilities
- Proliferation of liquefaction technologies that are driving down the cost of production
- Increasing global demand for energy, especially in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG Insulation Panel Market Research Report
By Type
Foaming Agent, Laminated Densified Wood, Others
By Application
LNG Receiving Station, Offshore LNG Extraction Platform, Others
By Companies
Hankuk Carban, Dongsung Finetec, GTT, Meisei, Kawasaki, Dyplast, LOGSTOR, Harvest, Roechling, Yoke Technology
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global LNG Insulation Panel Market Report Segments:
The global LNG Insulation Panel market is segmented on the basis of:
Types
Foaming Agent, Laminated Densified Wood, 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
LNG Receiving Station, Offshore LNG Extraction Platform, 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:
- Hankuk Carban
- Dongsung Finetec
- GTT
- Meisei
- Kawasaki
- Dyplast
- LOGSTOR
- Harvest
- Roechling
- Yoke Technology
Highlights of The LNG Insulation Panel 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:
- Foaming Agent
- Laminated Densified Wood
- Others
- By Application:
- LNG Receiving Station
- Offshore LNG Extraction Platform
- 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 LNG Insulation Panel 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
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- Consumer Insights
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- Product & Brand Management
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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?
LNG insulation panel is a type of insulation material that is made from compressed natural gas (CNG). LNG insulation panels are typically used in buildings and other structures to provide thermal protection.
Some of the major players in the lng insulation panel market are Hankuk Carban, Dongsung Finetec, GTT, Meisei, Kawasaki, Dyplast, LOGSTOR, Harvest, Roechling, Yoke Technology.
The lng insulation panel market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LNG Insulation Panel 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 LNG Insulation Panel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 LNG Insulation Panel 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 LNG Insulation Panel 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 LNG Insulation Panel Market Size & Forecast, 2020-2028 4.5.1 LNG Insulation Panel Market Size and Y-o-Y Growth 4.5.2 LNG Insulation Panel 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 Foaming Agent
5.2.2 Laminated Densified Wood
5.2.3 Others
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 LNG Receiving Station
6.2.2 Offshore LNG Extraction Platform
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LNG Insulation Panel 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 LNG Insulation Panel 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 Foaming Agent
9.6.2 Laminated Densified Wood
9.6.3 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 Market Size Forecast by Applications
9.10.1 LNG Receiving Station
9.10.2 Offshore LNG Extraction Platform
9.10.3 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 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 Foaming Agent
10.6.2 Laminated Densified Wood
10.6.3 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 Market Size Forecast by Applications
10.10.1 LNG Receiving Station
10.10.2 Offshore LNG Extraction Platform
10.10.3 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 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 Foaming Agent
11.6.2 Laminated Densified Wood
11.6.3 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 Market Size Forecast by Applications
11.10.1 LNG Receiving Station
11.10.2 Offshore LNG Extraction Platform
11.10.3 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 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 Foaming Agent
12.6.2 Laminated Densified Wood
12.6.3 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 Market Size Forecast by Applications
12.10.1 LNG Receiving Station
12.10.2 Offshore LNG Extraction Platform
12.10.3 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) 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 Foaming Agent
13.6.2 Laminated Densified Wood
13.6.3 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) Market Size Forecast by Applications
13.10.1 LNG Receiving Station
13.10.2 Offshore LNG Extraction Platform
13.10.3 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 LNG Insulation Panel Market: Competitive Dashboard
14.2 Global LNG Insulation Panel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hankuk Carban
14.3.2 Dongsung Finetec
14.3.3 GTT
14.3.4 Meisei
14.3.5 Kawasaki
14.3.6 Dyplast
14.3.7 LOGSTOR
14.3.8 Harvest
14.3.9 Roechling
14.3.10 Yoke Technology