Market Overview:
The global low temperature insulation materials market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for low temperature insulation materials in various end-use industries, such as general manufacturing, automotive, defense & aerospace, electronic & electrical and ship building. Low temperature insulation materials are used in these industries to protect equipment and components from extreme weather conditions and thermal shocks. Based on type, the polyisocyanurate segment is expected to lead the global low temperature insulation materials market during the forecast period due to its superior thermal performance properties as compared to other types of insulation material. Polyurethane is another major type of low temperature insulation material which is widely used in various end-use industries on account of its excellent thermal resistance property and moisture resistance capability. Based on application, general manufacturing segment accounted for majority share of the global low temperature insulation materials market in 2017 owing to high demand for these products from automotive manufacturers across different regions worldwide.
Product Definition:
Low Temperature Insulation Materials are materials used to thermally insulate objects or areas that operate at low temperatures. The importance of Low Temperature Insulation Materials is that it helps maintain the object or area's temperature, which can be important for a number of reasons, such as preserving food or preventing damage to equipment.
Polyisocyanurate:
Polyisocyanurate (PIR) is a polymer, which has the ability to bind chemically with itself and also with other polymers. It can be produced by both synthetic as well as natural methods. PIR is used in various applications including rigid foams, flexible foams, coatings & paints and adhesives & sealants among others owing to its excellent thermal insulation properties at low temperatures.
Polyurethane:
Polyurethane (PU) is a polymer, which is produced from the reaction of urea and terephthalic acid. It has high thermal stability and low density making it an ideal material for use in LTI applications.
Application Insights:
The general manufacturing segment dominated the global low temperature insulation materials market, accounting for a revenue share of over 30.0% in 2017. The growth can be attributed to the increasing use of LTI products in residential and commercial buildings as well as industrial structures such as data centers and power plants. In addition, growing product demand from general manufacturing applications is expected to drive the market over the forecast period.
Automotive application is projected to witness significant growth during the forecast period owing to rising automotive production across various countries worldwide coupled with stringent regulations regarding energy consumption and greenhouse gas emissions reduction targets set by governments across various regions including North America, Europe, Asia Pacific and Middle East & Africa. These factors are likely to propel industry expansion at a CAGR of XX% from 2018to 2030 in terms of volume on account of increased production volumes along with government initiatives promoting electric vehicles globally which will further increase demand for low temperature insulation materials used within vehicle interiors during cold weather conditions (i.e.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The region comprises several emerging economies, such as China, India, and Japan. Rapid industrialization coupled with government initiatives for infrastructure development is anticipated to drive product demand in construction applications in this region.
Europe was estimated at USD X billion in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing to high demand for low temperature insulation materials from shipbuilding sector due to rising marine transport across the North Sea strait between Denmark and Norway which remains ice-free throughout the year thus making it an ideal passage for ships sailing between Europe and Asia-Pacific Ocean avoiding Cape Horn off South America coast thus increasing trade activities across this route which will result into increased utilization of low temperature insulation materials over the forecast period.
Growth Factors:
- Increasing demand for low temperature insulation materials in the automotive and construction industries due to the rising need for energy-efficient and environment-friendly products.
- Growing awareness about the benefits of using low temperature insulation materials among consumers, which is resulting in an increase in demand for these products.
- Rising R&D investments by leading players to develop innovative and advanced low temperature insulation materials that meet the changing needs of consumers.
- The increasing popularity of green buildings, which require efficient thermal insulation solutions, is propelling the growth of the global low temperature insulation materials market. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Temperature Insulation Materials Market Research Report
By Type
Polyisocyanurate, Polyurethane, Polystyrene, Phenolic Foam, Cellular Glass, Others
By Application
General Manufacturing, Automotive, Defense & Aerospace, Electronic & Electrical, Ship Building, Others
By Companies
BASF SE, Huntsman Corporation, Aspen Aerogels, Owens Corning, DuPont, Kingspan Group, Johns Manville Corporation, Knauf Insulation, Saint-Gobain, Lydall Performance Materials, Rochling Industrial, NICHIAS Corporation, Zhejiang Dehe Insulation 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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Low Temperature Insulation Materials Market Report Segments:
The global Low Temperature Insulation Materials market is segmented on the basis of:
Types
Polyisocyanurate, Polyurethane, Polystyrene, Phenolic Foam, Cellular Glass, 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
General Manufacturing, Automotive, Defense & Aerospace, Electronic & Electrical, Ship Building, 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 SE
- Huntsman Corporation
- Aspen Aerogels
- Owens Corning
- DuPont
- Kingspan Group
- Johns Manville Corporation
- Knauf Insulation
- Saint-Gobain
- Lydall Performance Materials
- Rochling Industrial
- NICHIAS Corporation
- Zhejiang Dehe Insulation Technology
Highlights of The Low Temperature 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:
- Polyisocyanurate
- Polyurethane
- Polystyrene
- Phenolic Foam
- Cellular Glass
- Others
- By Application:
- General Manufacturing
- Automotive
- Defense & Aerospace
- Electronic & Electrical
- Ship Building
- 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 Low Temperature 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.
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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?
Low temperature insulation materials are materials that are used to insulate buildings and other structures from the cold temperatures outside. Low temperature insulation materials can be made out of a variety of different substances, including fiberglass, cellulose acetate, polyurethane foam, and mineral wool.
Some of the key players operating in the low temperature insulation materials market are BASF SE, Huntsman Corporation, Aspen Aerogels, Owens Corning, DuPont, Kingspan Group, Johns Manville Corporation, Knauf Insulation, Saint-Gobain, Lydall Performance Materials, Rochling Industrial, NICHIAS Corporation, Zhejiang Dehe Insulation Technology.
The low temperature insulation materials market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Low Temperature Insulation Materials Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Low Temperature Insulation Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Low Temperature Insulation Materials Market - Supply Chain
4.5. Global Low Temperature Insulation Materials Market Forecast
4.5.1. Low Temperature Insulation Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Low Temperature Insulation Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. Low Temperature Insulation Materials Market Absolute $ Opportunity
5. Global Low Temperature Insulation Materials Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Low Temperature Insulation Materials Market Size and Volume Forecast by Type
5.3.1. Polyisocyanurate
5.3.2. Polyurethane
5.3.3. Polystyrene
5.3.4. Phenolic Foam
5.3.5. Cellular Glass
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Low Temperature Insulation Materials Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Low Temperature Insulation Materials Market Size and Volume Forecast by Application
6.3.1. General Manufacturing
6.3.2. Automotive
6.3.3. Defense & Aerospace
6.3.4. Electronic & Electrical
6.3.5. Ship Building
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Low Temperature Insulation Materials Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Low Temperature Insulation Materials Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Low Temperature Insulation Materials Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Low Temperature Insulation Materials Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Low Temperature Insulation Materials Demand Share Forecast, 2019-2026
9. North America Low Temperature Insulation Materials Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Low Temperature Insulation Materials Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Low Temperature Insulation Materials Market Size and Volume Forecast by Application
9.4.1. General Manufacturing
9.4.2. Automotive
9.4.3. Defense & Aerospace
9.4.4. Electronic & Electrical
9.4.5. Ship Building
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Low Temperature Insulation Materials Market Size and Volume Forecast by Type
9.7.1. Polyisocyanurate
9.7.2. Polyurethane
9.7.3. Polystyrene
9.7.4. Phenolic Foam
9.7.5. Cellular Glass
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Low Temperature Insulation Materials Demand Share Forecast, 2019-2026
10. Latin America Low Temperature Insulation Materials Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Low Temperature Insulation Materials Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Low Temperature Insulation Materials Market Size and Volume Forecast by Application
10.4.1. General Manufacturing
10.4.2. Automotive
10.4.3. Defense & Aerospace
10.4.4. Electronic & Electrical
10.4.5. Ship Building
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Low Temperature Insulation Materials Market Size and Volume Forecast by Type
10.7.1. Polyisocyanurate
10.7.2. Polyurethane
10.7.3. Polystyrene
10.7.4. Phenolic Foam
10.7.5. Cellular Glass
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Low Temperature Insulation Materials Demand Share Forecast, 2019-2026
11. Europe Low Temperature Insulation Materials Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Low Temperature Insulation Materials Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Low Temperature Insulation Materials Market Size and Volume Forecast by Application
11.4.1. General Manufacturing
11.4.2. Automotive
11.4.3. Defense & Aerospace
11.4.4. Electronic & Electrical
11.4.5. Ship Building
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Low Temperature Insulation Materials Market Size and Vlume Forecast by Type
11.7.1. Polyisocyanurate
11.7.2. Polyurethane
11.7.3. Polystyrene
11.7.4. Phenolic Foam
11.7.5. Cellular Glass
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Low Temperature Insulation Materials Demand Share, 2019-2026
12. Asia Pacific Low Temperature Insulation Materials Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Low Temperature Insulation Materials Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Low Temperature Insulation Materials Market Size and Volume Forecast by Application
12.4.1. General Manufacturing
12.4.2. Automotive
12.4.3. Defense & Aerospace
12.4.4. Electronic & Electrical
12.4.5. Ship Building
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Low Temperature Insulation Materials Market Size and Volume Forecast by Type
12.7.1. Polyisocyanurate
12.7.2. Polyurethane
12.7.3. Polystyrene
12.7.4. Phenolic Foam
12.7.5. Cellular Glass
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Low Temperature Insulation Materials Demand Share, 2019-2026
13. Middle East & Africa Low Temperature Insulation Materials Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Low Temperature Insulation Materials Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Low Temperature Insulation Materials Market Size and Volume Forecast by Application
13.4.1. General Manufacturing
13.4.2. Automotive
13.4.3. Defense & Aerospace
13.4.4. Electronic & Electrical
13.4.5. Ship Building
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Low Temperature Insulation Materials Market Size and Volume Forecast by Type
13.7.1. Polyisocyanurate
13.7.2. Polyurethane
13.7.3. Polystyrene
13.7.4. Phenolic Foam
13.7.5. Cellular Glass
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Low Temperature Insulation Materials Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Low Temperature Insulation Materials Market: Market Share Analysis
14.2. Low Temperature Insulation Materials Distributors and Customers
14.3. Low Temperature Insulation Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF SE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Huntsman Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aspen Aerogels
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Owens Corning
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DuPont
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kingspan Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Johns Manville Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Knauf Insulation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Saint-Gobain
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lydall Performance Materials
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Rochling Industrial
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. NICHIAS Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhejiang Dehe Insulation Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Dev
