Cold Insulation Market Projected to Reach $7,243 million by 2023, grow at a CAGR of 7.4%

Premium Market Insights has announced the addition of the “Cold Insulation Market’ ’the report focuses on global major leading industry players with information such as company profiles, product picture and specification.

Report Description:

The global cold insulation market was valued at $4,321 million in 2016, and is projected to reach $7,243 million by 2023, growing at a CAGR of 7.4% from 2017 to 2023. Cold insulation is a process that provides a material or a blend of two or more materials used to avoid heat loss or heat gain to conserve the valuable energy. These materials have the ability to protect the environment from greenhouse gasses. Cold insulation is used on cold surface for the purpose of cold conservation or to avoid condensation. It is used to maintain the low temperature for process control, avoid surface condensation, and conservation of refrigeration. These are used in applications, such as chemicals, oil & gas, and refrigeration.

In 2016, Asia-Pacific and Europe are the leading regions in terms of both value and volume in global cold insulation market, owing to industrial expansion, growth in construction industry, and favorable government regulations to promote thermal & cold insulation. Cold insulation acts as a barrier to heat flow and reduces the problem of moisture condensation in cold systems. The market is driven by its high demand in oil & gas industries and favorable government regulations regarding environment protection.

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The list of Companies

BASF SE
Dow Chemical Company
Huntsman Corporation
Bayer Material Science
Armacell International S.A.
Evonik Industries
Aspen Aerogels
DongsungFineTec Co., Ltd.
Certain Teed Corporation
Kingspan Groups PLC.

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The global cold insulation market is segmented based on type, application, and geography. On the basis of type, it is divided into fiber glass, polyurethane foam, polystyrene foam, phenolic foam, and others. Based on application, it is categorized into HVAC, chemicals, oil & gas, refrigeration, and others. On the basis of geography, it is classified into North America, Europe, Asia-Pacific, and LAMEA.
On January 20. 2015, BASE SE have launched new extruded polystyrene rigid foam panels under its brand, Styrodur. It has a thermal conductivity of 33 mW/mK. The new production technology involves joining together several thinner panels with excellent technical properties.

Table of Contents

  1. INTRODUCTION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GLOBAL COLD INSULATION MARKET, BY TYPE
  5. GLOBAL COLD INSULATION MARKET, BY APPLICATION
  6. GLOBAL COLD INSULATION MARKET, BY GEOGRAPHY
  7. COMPANY PROFILES

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Posted by on Tuesday May 21 2019, 8:01 AM EDT. All trademarks acknowledged. Filed under Business & Financial Services, Chemicals, Chemicals & Materials, Featured Press Release, Metallurgical, Metals & Minerals, Plastics, Pulp & Paper, Textiles. Comments and Trackbacks closed. Follow responses: RSS 2.0

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