Cold Insulation Market to Notice Prominent Growth of USD 11.30 Billion by 2030, Size, Share, Trends, Demand, Industry Growth and Competitive Outlook
Data Bridge Market Research analyses that the cold insulation market is expected to reach USD 11.30 billion by 2030, which is USD 5.75 billion in 2022, registering a CAGR of 8.80% during the forecast period of 2023 to 2030
TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- The newest report from *Data Bridge Market Research*, "*Cold Insulation Market*" examines growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive environment in detail. Highly in-depth data collection and results analysis has been conducted to generate a world-class Cold Insulation market report. The report effectively communicates research findings such as consumer trends, market trends, and competitor behavior that surround the target audience. This market research report contains a summary of research findings and insights uncovered during the data collection and analysis processes. It has information about a company’s competition, industry trends/opportunities, and recommendations for the next steps based on the research questions being addressed. Cold Insulation market research report helps guide decision-making and highlight market opportunities.
Cold Insulation report is not only clear and concise but also detailed and comprehensive and prepared by keeping in mind that stakeholders must be able to interpret the research findings with ease. As market research reports are presented to many stakeholders, not all of them will have a strong understanding of market research terms, so this report is written in clear and simple language. Moreover, all diagrams are clearly labeled and accurately described what they are displaying. While creating a Cold Insulation report, it has been imagined that a reader has no prior knowledge on the topic to ensure and hence the findings are explained comprehensively.
Data Bridge Market Research analyses that the cold insulation market is expected to reach USD 11.30 billion by 2030, which is USD 5.75 billion in 2022, registering a CAGR of 8.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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*Cold insulation* is a process that provides a mixture of two or more materials used to avoid heat gain or heat loss. Cold insulation is extensively used for the temperature below the ambient threshold that is proficient of preventing long-term degradation and condensation and moisture intrusion.
According to an article which has shared by The Economic Times, sales of cooling appliances augmented by 15 percent in the year 2020 as compared to 2019 in 2022 as stated by major manufacturing companies of consumer electronics such as Lloyd Haier and Godrej Appliances. Cold insulation avoid condensation on the surface, maintains low temperature for process control and preserve cooling. As a result the demand for the cold insulation increases in refrigerator and other cooling devices which further enhances the market growth.
*Opportunities*
· *Growing demand of cold Insulation for air-conditioning and refrigeration devices*
The growing demand for air-conditioning and refrigeration devices is likely to drive the growth of the market during the forecast period. Refrigeration devices are those devices which are used to remove heat from an enclosed space to lower the temperature, whereas air conditioning devices cools, heats, or dehumidifies spaces in non-residential and residential settings. Cold insulation helps air conditioning and refrigeration devices by avoiding condensation and reducing energy loss in the unit to keep it dry and cool. Hence, growing demand for air-conditioning and refrigeration devices is driving the growth of the cold insulation market.
· *Rising commercial building and construction activities*
Building and construction activities are growing rapidly all over the world owing to economic reforms and the increasing disposable income of individuals. The increasing population is resulting in the growing need for more commercial sector buildings. Phenolic foam, cellular glass, and polystyrene foam-based cold insulation is being extensively used in the building and construction of floors, roofs, ceilings and walls to maintain the required temperature inside the building. Therefore, increasing commercial building and construction activities will create lucrative opportunities for market growth.
*The Latest Study Conducts a Comprehensive Analysis of the Global Market, considering the current competitive landscape and its future evolution in the next few years.*
The global Cold Insulation market is experiencing rapid growth, fueled by rising demands, industrialization, consumer awareness, and technological advancements. Sales and revenue in this sector have surged at an exponential pace, and the market's expansion is expected to continue over the projected period.
In order to expand their market share and reach a wider client base, leading businesses in the worldwide Cold Insulation market are heavily investing in research and development. The study provides detailed insights into the strategies, financial health, revenue, gross margin, and growth rates of these companies
*The most prominent players in the Cold Insulation market include.*
· BASF SE (Germany)
· Owens Corning (U.S.)
· ROCKWOOL A/S (Denmark)
· SAINT-GOBAIN (France)
· Huntsman International LLC (U.S.)
· Armacell (Luxembourg)
· Dow (U.S.)
· Morgan Advanced Materials (U.K.)
· Evonik Industries AG (Germany)
· Knauf Insulation (U.S.)
· Kingspan Group (Ireland)
· Recticel (Belgium)
· Aspen Aerogels, Inc. (U.S.)
· Johns Manville (U.S.)
· Beijing New Building Material (Group) Co., Ltd. (Japan)
· Atlas Roofing Corporation (U.S.)
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*Recent Development*
· In 2021, Wynnchurch Capital, L.P., acquired Insulation Corporation of America for an undisclosed amount. With this acquisition, Insulation Corporation of America is expected to strengthen Wynnchurch Capital’s platform by increasing its reach into unserved markets. Insulation Corporation of America is a manufacturer of polystyrene foam products for applications such as packaging, cold chain, building insulation, infrastructure construction and operating in the cold insulation market.
· In 2020, Armacell launched a flexible aerogel blanket of the newest generation for cryogenic and dual-temperature applications named ArmaPET. The unique features of this insulation product include high-temperature and dual-temperature aerogel insulation properties, which widen the temperature capabilities from -180 oC to +650 oC.
· In 2022, Tiger India Private Limited introduced four new vacuum-insulated bottle models to expand its footprint in India. These vacuum-insulated bottle models products support in keeping carbonated drinks cool for a long period of time.
· In 2022, Owens Corning launched FOAMGLAS Perinsul SIB for high-performance buildings. FOAMGLAS Perinsul SIB is a thermal bridging solution which is made up of cellular glass, allowing it to remove thermal bridging beneath from exterior masonry veneer walls.
*The report includes six parts, dealing with:*
1. Basic information
2. The Asia Cold Insulation Market
3. The North American Cold Insulation Market
4. The Europe Cold Insulation Market
5. The MEA Cold Insulation Market
6. Market entry and investment feasibility
7. The report conclusion
All the research report is made by using two techniques that are Primary and secondary research. There are various dynamic features of the business, like client need and feedback from the customers. Before (company name) curate any report, it has studied in-depth from all dynamic aspects such as industrial structure, application, classification, and definition.
*Key Market Segments Covered in Cold Insulation Industry Research*
*Type*
· Polyisocyanurate
· Polyurethane Foam
· *Nitrile Rubber*
· Phenolic Foam
· Ceramic Fiber
· Polystyrene Foam
*End Use*
· Commercial
· Hospital
· Buildings
· Ice Rings
· Supermarkets
· Others
· Industrial
· Manufacturing
· Food Processing
· Chemical
· Petrochemicals
· Power Plants
*Application*
· HVAC
· Chemicals
· Oil and Gas
· Refrigeration
*Key Industry Drivers:*
· *Rapid growth and expansion of oil and gas industries*
The oil and gas industry is one of the core industries which plays an important role in influencing the decision-making for all the other major sections of the economy. In the oil and gas industry, cold insulation is used in the liquefaction plant and for insulation of LNG storage tanks, where natural gas covert into liquid state. The increase in the growth of oil and gas production will ultimately increase the demand for the cold insulation which will be expected to propel the market's growth.
· *Rising demand of cold insulation in chemical industry*
Cold insulation materials highly used in chemical industry, these materials are mainly used in industrial and petrochemical gases. These materials reduce the risk of damage or corrosion and offer excellent insulation. Moreover, they enhance process control and increase the energy efficiency of the chemical process. One of the prominent applications of cold insulation materials in chemical industry is the industrial treatment of gases. The demand for cold insulation materials for this application in chemical industry is expected to surge very rapidly. As a result, further enhance the market growth during the forecast period.
*Explore Further Details about This Research Report @** https://www.databridgemarketresearch.com/reports/global-cold-insulation-market*
*Cold Insulation Market Regional Analysis/Insights:*
The countries covered in the *cold insulation market report* are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
*Asia-Pacific is expected to dominate the cold insulation market* in terms of revenue growth and market share owing to the augmented construction spending in nations such as India, China, and Japan. Furthermore, favourable government rules and regulations to increase the energy efficiency of buildings will further boost the market growth in this region
*Europe is expected to be the fastest developing region during the forecast period* of 2023-2030 owing to the government efforts to increase the energy efficiency of public infrastructure in this region. Moreover, the existence of leading thermal insulation companies is expected to boost the market growth in this region
*Restraints/ Challenge*
· *Availability of Substitutes*
Availability of other substitute insulators such as extruded polystyrene insulation (EPS), refractory ceramic fibers (RCFs) and expanded polystyrene insulation (EPS) are expected to hamper the growth of the ceramic foam market growth. As these substitutes also offer similar insulation benefits across the many industry. Furthermore, the alternatives also provide various benefits such as high dimensional stability, heat & cold resistance, fire protection and also repels water, prevents. Thus, these alternatives act as a major challenging factor for the market growth during the forecast period.
This cold insulation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cold insulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
*Critical Insights Related to the Cold Insulation Included in the Report:*
· Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
· Value chain analysis of prominent players in the market
· Current trends influencing the dynamics of this market across various geographies
· Recent mergers, acquisitions, collaborations, and partnerships
· Revenue growth of this industry over the forecast period
· Marketing strategy study and growth trends
· Growth-driven factor analysis
· Emerging recess segments and region-wise market
· An empirical evaluation of the curve of this market
· Ancient, Present, and Probable scope of the market from both prospect value and volume
*Table of Contents:*
1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. *Global Cold Insulation Market*: Regulations
6. Market Overview
7. Global Cold Insulation Market, By Type
8. Global Cold Insulation Market, By End User
9. Global Cold Insulation Market, By Application
10. Global Cold Insulation Market, By Region
11. Global Cold Insulation Market: Company Landscape
12. SWOT Analyses
13. Company Profile
14. Questionnaires
15. Related Reports
*Download the Complete Table of Contents @** https://www.databridgemarketresearch.com/toc/?dbmr=global-cold-insulation-market*
*Explore More Reports: *
· *High Temperature Insulation Materials Market*, By Material Type (Ceramic Fiber, Insulating Firebrick, Calcium Silicate, Vacuum-Formed Insulating Products, Polyurethane Foam, Polystyrene, Others), Temperature Range (600°C-1100°C, 1100°C-1500°C, 1500°C-1700°C, 1700°C and Above), Application (Insulation, Industrial Equipment, Others), End User (Petrochemicals, Ceramics, Glass, Cement, Iron and Steel, Refractory, Powder Metallurgy, Aluminum, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-high-temperature-insulation-materials-market
· *Foam Insulation Market*, By Type (Polystyrene foam, Polyurethane and Polyisocyanurate Foam, Polyolefin Foam, Phenolic Foam, Elastomeric Foam and Others), End Users (Building and Construction, Consumer Appliance, Transport and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-foam-insulation-market
· *North A**merica Foam Insulation Market*, By Type (Polystyrene Foam, Polyrethane and Polyisocyanurate foam, Polyolefin Foam, Penolic Foam, Elastomeric Foam, Others), Form (Spray, Flexible, Rigid), End Use (Building and Construction, Transportation, Consumer Appliances), Country (U.S., Canada, Mexico) https://www.databridgemarketresearch.com/reports/north-america-foam-insulation-market
· *Europe Foam Insulation Market*, By Form (Spray, Flexible, Rigid, and Others), Application (Floors, Walls, Roofs, and Others), Type (Polystyrene Foam, Polyurethane Foam, Polyolefin Foam, Phenolic Foam, Elastomeric Foam, and Others), End-Use (Building And Construction, Consumer Appliance, Transport, and Others), Country (France, Germany, U.K., Ukraine, Italy, Russia, Netherlands, Austria, Spain, Turkey, Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-foam-insulation-market
· *Belgium Foam Insulation Market*, By Type (Spray, Flexible, Rigid), Product Type (Polyurethane Foam, Polystyrene Foam, Polyolefin Foam, Phenolic Foam, Elastomeric Foam, Others), Building Type (Single Family, Non-Residential Building, Multi-Family Buildings and Timber Frame Construction), End Users (Building and Construction, Automotive and Transportation, Electricals and Electronics, Packaging, Others) https://www.databridgemarketresearch.com/reports/belgium-foam-insulation-market
· *France Foam Insulation Market* By Material (Stone Wool, Glass Wool, PUR/PIR, XPS, EPS, Bio-Sourced and Others), Building Type (Residential New, Residential Renovation, Non-Residential New and Non-Residential Renovation), Application (Wall, Flat Roof, Pitched Roof and Floor) https://www.databridgemarketresearch.com/reports/france-foam-insulation-market
· *Glass Insulation Market*, By Type (Insulating Glass Units, Glass Wool and Cellular Glass), Application (Non-Residential Construction, Residential Construction, Industrial Applications, HVAC and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-glass-insulation-market
· *Tank Insulation Market*, By Type (Storage, Transportation), Material Type (Expanded Polystyrene (EPS), Rockwool, Cellular Glass, Fiberglass, Elastomeric Foam, Polyurethane (PU), Others), Temperature Type (Hot Insulation, Cold Insulation), Tank Type (Vertical Tank, Horizontal Tank, Fixed Tank, Mounted Tank), Tank Ends (Parabolic Dish, Flat), End-User (Oil & Gas, Energy and Power, Chemical, Food and Beverages, Water Purification, Waste Water Purification, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-tank-insulation-market
· *Insulation Coating Materials Market*, By Type (Acrylic, Epoxy, Polyurethane, YSZ (Yttria-Stabilized Zirconia), Mullite, Others), End Use Industry (Aerospace, Automotive, Marine, Industrial, Building and Construction, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-insulation-coating-materials-market
· *Subsea Thermal Insulation Materials Market*, By Type (Polypropylene, Polyurethane, Silicone Rubber, Aerogel, Epoxy), Application (Pipe Cover, Field Joints, Pipe-in-Pipe, Equipment), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel and Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-subsea-thermal-insulation-materials-market
· *Cryogenic Insulation Market*, By Type (PU and PIR, Cellular Glass, Polystyrene, Fiberglass, Perlite, Others), Cryogenic Equipment (Tanks, Valves, Vaporizer, Pump, Others), Form (Multi- Layer, Foam, Bulk- Fill), End- Use Industry (Energy and Power, Chemicals, Metallurgical, Electronics, Shipping, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-cryogenic-insulation-market
· *Asia-Pacific Tank Insulation Market*, By Type (Storage, Transportation), Material Type (Expanded Polystyrene (EPS), Rockwool, Cellular Glass, Fiberglass, Elastomeric Foam, Polyurethane (PU), Others), Temperature Type (Hot Insulation, Cold Insulation), Tank Type (Vertical Tank, Horizontal Tank, Fixed Tank, Mounted Tank), Tank Ends (Parabolic Dish, Flat), End User (Automotive, Construction, Marine, Power Generation), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) https://www.databridgemarketresearch.com/reports/asia-pacific-tank-insulation-market
· *Europe Tank Insulation Market*, By Type (Storage, Transportation), Material Type (Expanded Polystyrene (EPS), Rockwool, Cellular Glass, Fiberglass, Elastomeric Foam, Polyurethane (PU), Others), Temperature Type (Hot Insulation, Cold Insulation), Tank Type (Vertical Tank, Horizontal Tank, Fixed Tank, Mounted Tank), Tank Ends (Parabolic Dish, Flat), End User (Automotive, Construction, Marine, Power Generation), Country (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-tank-insulation-market
· *Middle East and Africa Tank Insulation Market*, By Type (Storage, Transportation), Material Type (Expanded Polystyrene (EPS), Rockwool, Cellular Glass, Fiberglass, Elastomeric Foam, Polyurethane (PU), Others), Temperature Type (Hot Insulation, Cold Insulation), Tank Type (Vertical Tank, Horizontal Tank, Fixed Tank, Mounted Tank), Tank Ends (Parabolic Dish, Flat), End User (Automotive, Construction, Marine, Power Generation), Country (U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-tank-insulation-market
· *North America Tank Insulation Market*, By Type (Storage Tank Insulation, Transportation Tank Insulation), Material (Expanded Polystyrene (EPS), Rockwool, Cellular Glass, Fiberglass, Elastomeric Foam, Polyurethane (PU), Elastomeric Foam, Others), Temperature (Hot Insulation, Cold Insulation), Tank Type (Vertical Tank, Horizontal Tank, Fixed Tank, Mounted Tank), Tank Ends (Parabolic Dish, Flat), End-User (Oil and Gas, Energy and Power, Chemical, Food and Beverages, Water Purification, Waste water Purification, Others), Country (U.S., Canada, Mexico) https://www.databridgemarketresearch.com/reports/north-america-tank-insulation-market
· *Microporous Insulation Market*, By Product Type (Rigid Boards and Panels, Flexible Panels, Others), End Use (Industrial, Energy and Power, Oil and Gas, Aerospace and Defence, Others), Material (Alumina Silica, Calcium Magnesium Silicate), Application (Fire Proofing, Thermal Management, Emission Control, Piping Insulation, Kiln and Industrial Furnace Insulation Lining, Fuel Cell and Power Plan Insulation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-microporous-insulation-market
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