Global Cold Insulation Testing Market Research Report by Material, By end use industry- Forecast to 2027

PUNE, INDIA, June 10, 2016 /EINPresswire.com/ -- Global Cold Insulation Market: Introduction
Insulation is a material or a blend of two or more materials that can be used to avoid heat loss or heat gain to save the valuable energy. The material is available in any size, shapes as per different applications. Insulation materials have the ability to protect the environment from greenhouse gasses. Insulation increases the working efficiencies of the system where it is installed. Strict laws for energy preservation, environment protection, sustainable development has prompted rise in demand of insulation products. Insulation materials can serve as acoustic and also thermal protection. Thermal Insulation can be divided into two sorts as indicated by temperatures they serve: Cryogenics and Refractory. The Global cold insulation market is expected to grow at a rate of 5.2%

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Cold Insulation Market: Applications
According to applications, Oil and Gas accounted for the largest consumption (40%) of materials due to increase in LNG transportation, cryogenic insulation demand. The Chemical application i.e. the increase use of liquid forms of industrial gases, for e.g. liquid nitrogen in various applications such as surgery, manufacturing has led to rise in insulation demand The Chemical application accounted for 22% of the total demand in 2012

Global Cold Insulation Market: Market Growth Influencer
Significant growth in the end user market which include chemicals, refrigeration, HVAC and oil and gas are major contributors to the growth of the Cold Insulation market. Availability of skilled workforce and low cost of manufacturing is another factor which boosts the Cold insulation market.

Global Cold Insulation Market: Market Segmentation
The Global Cold Insulation Market can be segmented on the basis of:

End Use Industry:
• Oil and Gas
• Chemicals
• HVAC
• Refrigeration
• Others

Material:
• Phenolic Foam
• Fiber Glass
• Polystyrene Foam
• Polyurethane Foam
• Other

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Global Cold Insulation Market: Key Players
• Bayer Material Science
• Huntsman Corporation (U.S.)
• Evonik
• BASF SE
• Armacell International Holding Gmbh
• The DOW Chemical Company
• Owens Corning
• Aspen aerogels
• Dongsung Finetec Corp
• Dow Chemicals
• Certain Teed
• Kingspan Groups PLC

Global Cold Insulation Market: Regional Analysis

Asia Pacific
Asia Pacific has show immense growth in the Cold insulation market with widespread application in the chemical, refrigeration, oil and gas and HVAC market. Low cost of setting up a manufacturing unit, relatively cheaper and skilled labor and low operating cost all have played a major role in boosting the growth rate of the Asian Cold Insulation market. Asia consists of markets such as India, China, Korea etc which support the cold insulation market with their favorable government norms and policies. China is one of the biggest markets in this region with its growth rate strong enough to sustain efficient manufacturing.

North America
North American Region is another leading region for the Cold Insulation market. In the North American region USA is the biggest market capturing around 70.1% in 2012. Already established entities like Huntsman, Rockwool, Owen Corning provide a great scope for the Cold Insulation market in this region. The Canadian market for Cold Insulation was estimated to be 62.4 thousand tons in 2012 and the US cold insulation market was estimated to be around USD 542 million. Heavy investment in R&D and technological development has led to development of new techniques and material which have minimal effect on environment which results in healthy boost in the Cold Insulation Market.

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Norah Trent
Market Research Future
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