Market Overview:
The global PUR and PIR cryogenic insulation 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 cryogenic insulation in various applications, such as LPG/LNG transport & storage, energy and power, metallurgical, and others. In addition, the growing awareness about energy conservation is also propelling the growth of this market. However, volatility in raw material prices may restrain the growth of this market to some extent during the forecast period. On the basis of type, rigid polyurethane (PUR) is expected to hold a major share of the global PUR and PIR cryogenic insulation market during 2018-2030 owing to its superior thermal performance as compared with other types of polyurethane foam products. On account of its excellent thermal resistance properties at low temperatures (-200°C), polyisocyanurate (PIR) is increasingly being used for insulating pipelines carrying liquefied natural gas (LNG) and liquefied petroleum gas (LPG). Based on application, LPG/LNG transport & storage accounted for a major share ofthe global PUR.
Product Definition:
PUR and PIR Cryogenic Insulation are materials used to insulate containers and pipelines that carry cryogenic fluids. Cryogenic fluids are gases or liquids that are colder than room temperature. PUR and PIR insulation help keep the fluid cold by preventing the heat from escaping. This is important because if the fluid warms up too much, it can cause damage to the equipment or create a safety hazard.
Rigid Polyurethane (PUR):
Rigid polyurethane (PU) is a type of foamed plastic that exhibits excellent mechanical strength, thermal stability and dimensional stability. Rigid PU has applications in cryogenic insulation for extremely low temperatures as well as rigid foam packaging used for the transportation of sensitive devices or products. The global market size was estimated to be around USD 3 billion in 2016 and is expected to grow at an estimated CAGR of XX% from 2017 - 2018 to 2022 - 2023.
Polyisocyanurate (PIR):
Polyisocyanurate (PIR) is a rigid polyurethane foamed material, which offers excellent thermal insulation and mechanical properties. It can be used in various applications including PUR and PIR cryogenic insulation. The global market for polyisocyanurate has been growing at a significant pace on account of its rising demand from the construction industry owing to its characteristics such as high thermal efficiency, low weight, easy installation process along with durability & strength.
Application Insights:
The market is segmented based on application into LPG/LNG transport and storage, energy and power, metallurgical, other applications. The energy and power application segment accounted for the largest revenue share in 2017 owing to rising demand from countries such as India, China, South Korea Japan for electricity generation. Rapid industrialization coupled with increasing disposable income has led to an increase in the number of power plants across developing nations which has further driven PUR/PIR consumption in this sector.
Increasing investments by foreign players especially from Middle East countries are expected to boost industry growth over the forecast period due to growing demand for LNG as a fuel source in various sectors including automotive & transportation globally. Increasing use of PIR Cryo- insulation not only improves efficiency but also reduces operating costs by approximately 20% when compared with traditional methods of fossil-fueled thermal electric generation plant cooling in Saudi Arabia (Petrochemical Industries Association of Saudi Arabia).
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-users such as LNG, petrochemicals, power generation, and metallurgy. China is projected to remain a key consumer in Asia Pacific PUR market owing to rapid industrialization coupled with growing energy demand.
The Latin American regional market also held a significant share in 2016 owing to increasing investments by multinational companies for reducing operational costs along with rising government initiatives pertaining cryogenic insulation materials usage for maintaining high efficiency levels of equipment during transportation & storage applications. For instance; In January 2017, ExxonMobil announced plans of building an LNG receiving station near Puerto Belen (Argentina) which will include construction of an integrated gasification combined cycle plant using Cryogenic Insulation Materials (CIM).
Growth Factors:
- Increasing demand for cryogenic insulation in the medical and pharmaceutical industries due to the need for temperature-controlled storage and transport of sensitive products.
- Growing demand from the energy sector for cryogenic insulation in liquefied natural gas (LNG) terminals, pipelines, and storage tanks.
- Rising investment in infrastructure development projects across emerging economies, which is expected to lead to an increase in demand for cryogenic insulation products over the next few years.
- Proliferation of advanced technologies such as nanotechnology that are being adopted by manufacturers of cryogenic insulation products, resulting in improved performance and efficiency of these products.
Scope Of The Report
Report Attributes
Report Details
Report Title
PUR and PIR Cryogenic Insulation Market Research Report
By Type
Rigid Polyurethane (PUR), Polyisocyanurate (PIR)
By Application
LPG/LNG Transport & Storage, Energy and Power, Metallurgical, Others
By Companies
Armacell, BASF, Lydall, Cabot, Johns Manville Inc., Evonik Industries, Huntsman Corporation, Rochling Group
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global PUR and PIR Cryogenic Insulation Market Report Segments:
The global PUR and PIR Cryogenic Insulation market is segmented on the basis of:
Types
Rigid Polyurethane (PUR), Polyisocyanurate (PIR)
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
LPG/LNG Transport & Storage, Energy and Power, Metallurgical, 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:
- Armacell
- BASF
- Lydall
- Cabot
- Johns Manville Inc.
- Evonik Industries
- Huntsman Corporation
- Rochling Group
Highlights of The PUR and PIR Cryogenic 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:
- Rigid Polyurethane (PUR)
- Polyisocyanurate (PIR)
- By Application:
- LPG/LNG Transport & Storage
- Energy and Power
- Metallurgical
- 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 PUR and PIR Cryogenic 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:
- 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?
PUR and PIR Cryogenic Insulation are two types of insulation used in cryogenic applications. PUR is a type of insulation made from polyurethane foam, while PIR is a type of insulation made from polyisocyanurate resin.
Some of the key players operating in the pur and pir cryogenic insulation market are Armacell, BASF, Lydall, Cabot, Johns Manville Inc., Evonik Industries, Huntsman Corporation, Rochling Group.
The pur and pir cryogenic insulation market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PUR and PIR Cryogenic 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 PUR and PIR Cryogenic Insulation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PUR and PIR Cryogenic 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 PUR and PIR Cryogenic 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 PUR and PIR Cryogenic Insulation Market Size & Forecast, 2020-2028
4.5.1 PUR and PIR Cryogenic Insulation Market Size and Y-o-Y Growth
4.5.2 PUR and PIR Cryogenic 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 Rigid Polyurethane (PUR)
5.2.2 Polyisocyanurate (PIR)
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 LPG/LNG Transport & Storage
6.2.2 Energy and Power
6.2.3 Metallurgical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PUR and PIR Cryogenic 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 PUR and PIR Cryogenic 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 Rigid Polyurethane (PUR)
9.6.2 Polyisocyanurate (PIR)
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 LPG/LNG Transport & Storage
9.10.2 Energy and Power
9.10.3 Metallurgical
9.10.4 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 Rigid Polyurethane (PUR)
10.6.2 Polyisocyanurate (PIR)
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 LPG/LNG Transport & Storage
10.10.2 Energy and Power
10.10.3 Metallurgical
10.10.4 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 Rigid Polyurethane (PUR)
11.6.2 Polyisocyanurate (PIR)
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 LPG/LNG Transport & Storage
11.10.2 Energy and Power
11.10.3 Metallurgical
11.10.4 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 Rigid Polyurethane (PUR)
12.6.2 Polyisocyanurate (PIR)
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 LPG/LNG Transport & Storage
12.10.2 Energy and Power
12.10.3 Metallurgical
12.10.4 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 Rigid Polyurethane (PUR)
13.6.2 Polyisocyanurate (PIR)
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 LPG/LNG Transport & Storage
13.10.2 Energy and Power
13.10.3 Metallurgical
13.10.4 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 PUR and PIR Cryogenic Insulation Market: Competitive Dashboard
14.2 Global PUR and PIR Cryogenic Insulation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Armacell
14.3.2 BASF
14.3.3 Lydall
14.3.4 Cabot
14.3.5 Johns Manville Inc.
14.3.6 Evonik Industries
14.3.7 Huntsman Corporation
14.3.8 Rochling Group
