Press Releases
 
Cold Insulation Market Analysis and Industry Forecast by 2023

, 18 April 2017 -- "The rise in demand for refrigeration & air conditioning devices and increase in usage in oil & gas industries are the prime drivers of the global cold insulation market."

According to a new report published by Allied Market Research titled, Cold insulation Market by Type and Application: Opportunity Analysis and Industry Forecast, 2017-2023, the global cold insulation market was valued at $4,321 million in 2016, and is estimated to reach $7,243 million by 2023, growing at a CAGR of 7.4% from 2017 to 2023. In 2016, the polyurethane segment accounted for more than one-third share of the global market.

Cold insulation is a low temperature application insulation, which is used to improve energy efficiency. It is used in numerous applications operating at temperature below the ambient range and requiring protection against heat. Cold insulation material acts as a barrier to heat flow and closed structure is used to avoid wicking in a system where it is installed. These materials are adopted in various applications to maintain low temperature for process control, avoid surface condensation, and conserve refrigeration. The types of materials used for cold insulation are fiber glass, polyurethane foam, polystyrene foam, phenolic foam, and others. These are used in oil & gas industries, cold stores & marine applications, building & construction, and others.

Do Enquiry for Sample Report @ https://www.alliedmarketresearch.com/request-free-sample/466

The growth of the global cold insulation market is driven by the increase in its demand in various applications such as refrigeration, HVAC, oil & gas, chemicals, and others. The usage of cold insulation has increased due to their ability to protect the environment from greenhouse gases and increase the efficiency of the system. These factors are further expected to provide lucrative growth opportunities to the market players in the near future. However, lack of awareness about cold insulation materials could hamper the market growth during the forecast period.

Polyurethane foam is the leading segment in the global market, as polyurethane exhibits unique properties such as lightweight, low thermal conductivity, low water absorption, good strength, and high chemical resistance. It is suitable for handling low thermal conductivity and substances stored at below freezing temperature.

The oil & gas application segment dominated the global market, with almost two-seventh of the global market share in 2016. In oil & gas industry, cold insulation is used to address relative designs, materials, procedures, and standard installation necessities for oil & gas infrastructure such as pipelines, vessels, and tanks.

Key Findings of the Cold insulation Market

In 2016, Asia-Pacific dominated the global market, with around half of the market share in terms of revenue.
The polystyrene type segment is estimated to witness the highest growth rate, in terms of revenue, registering a CAGR of 7.9% from 2017 to 2023.
Asia-Pacific is projected to grow at the highest CAGR of 7.7% in terms of revenue.
In 2016, China dominated the Asia-Pacific cold insulation market, accounting for around one-third share, in terms of both revenue and volume.
The refrigeration application segment is projected to grow at the highest CAGR of 7.9%, in terms of revenue.
Do Enquiry before purchasing Report @ https://www.alliedmarketresearch.com/purchase-enquiry/466

In 2016, Asia-Pacific dominated the global market in terms of both revenue and volume, owing to increase in disposable income, growth in building & construction, and high demand for air conditioning devices due to the warm climate in this region. Furthermore, Asia-Pacific is projected to witness the highest CAGR of 7.7% followed by Europe with 7.5% from 2017 to 2023.

The key companies profiled in the report include BASF SE, Dow Chemical Company, Huntsman Corporation, Bayer Material Science, Armacell International S.A., Evonik Industries, Aspen Aerogels, Dongsung FineTec Co., Ltd., Certain Teed Corporation, and Kingspan Groups PLC.

# # #


Submitted by Allied Market Research, Allied Market Research on Tuesday, 18 April 2017 at 3:07 PM
Category: Science & Research
 
Related News

KnoxTennDrones.com launches their newly upgraded website
Sunday, 23 Apr 2017

KnoxTennDrones.com launches their newly upgraded website
Sunday, 23 Apr 2017

Global Bio-MEMS Market
Friday, 21 Apr 2017

Market Report on Sodium Sulfide Worth 1,157 KT by 2024
Wednesday, 19 Apr 2017

Digital Textile Printing Inks Market Analysis & Forecast 2015-2023
Wednesday, 19 Apr 2017

Related Events

Argus Asian Petroleum Coke 2017
Tuesday, 25 Apr 2017

Cybersecurity Strategy Briefing
Thursday, 4 May 2017

Argus North American Natural Gas Markets
Monday, 8 May 2017

Nuclear Industry Forum, London, 2017
Monday, 15 May 2017

The Future Impact of Artificial Intelligence (AI) and Chatbots
Thursday, 15 Jun 2017

Latest News

Non-ionizing Radiation/EMF Detection, Measurement, and Safety Market: Shipment Volume to Cross 547.3
Tuesday, 25 Apr 2017

"YPO Innovation Week" Gathers Innovators for Disruptive Business Models Event in Hong Kong
Tuesday, 25 Apr 2017

Global Mobile Payment Technologies Market: Proximity Payment Methods to Shine Bright throughout Fore
Tuesday, 25 Apr 2017

Exploration & Production (E&P) Software Market - North America to Lead Global Market as Investments
Tuesday, 25 Apr 2017

Energy Recovery Ventilators Market is expected to expand at an impressive CAGR of 10.20% by 2024
Tuesday, 25 Apr 2017

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Tuesday, 25 April 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • World Congress on Maternal Fetal Neonatal Medicine
  • 85th EAS Congress - European Atherosclerosis Society
  • Leveraging Customer Contact as a Strategic Asset: Customer Contact, East
  • Radiology in Venice
  • 6th Digital Marketing for Medical Devices West

  • Latest Jobs
  • London Investment Property
  • We Are Hiring A Content Manager!