The cold insulations
are used to shield the machines working in cryogenic circumstances. The cold insulation helps corporations to lessen their energy usages. Additionally, the maintenance of equipment can also be simplified using cold insulations process. The cold insulation solutions can be accepted across numerous industries in order to reduce energy consumption and effective management of equipment. Almost all insulation materials are vulnerable to water vapor penetration up to several degrees.
Cold insulation is a crucial constituent for the evolving process industry. From past few years, surge is experienced in this market owing to technological developments, growing automation and assimilating the whole value chain of the process industry. Some of the vital factors which drive the growth of cold insulation market include growing urbanization, escalating awareness regarding the environmental pollution and greenhouse gases and more. Moreover, enormous investment in process industries has also further fueled the cold insulation application across the various industries.
The global market for cold insulation
was estimated to be $xx billion in 2014. It is anticipated to grow at a CAGR of xx% and is forecast to reach $xx billion by 2020. Oil & gas, chemical and refrigeration are the major end-users for cold insulation market. Europe and North America alone are estimated to occupy a share of more than xx% during the forecast period 2016-2021.
Europe is the leading market for cold insulation. North America region is forecast to have highest growth in the next few years due to growing adoption of insulation in industrial applications. North America accounts for xx% of the global market for cold insulation and is the fastest growing market followed by Europe. In Europe, Oil & Gas industry as well as Chemical industry is the major end users for cold insulation.
The global cold insulation market is evaluated based on key attributes such as base materials, application and others. Each of the segmentations in the report has been studied to give comprehensive analysis of global cold insulation market. The overall market has also been consolidated from the perspective of different geographic locations into standard geographic regions and key economies for this market. Additionally, this report encompasses opportunity analysis, porter analysis, pricing analysis and market forces such as drivers, constraints and challenges that are involved to drive the overall market.
Sample Companies Profiled in this Report are:
- Huntsman Corporation
- BASF SE
- The Dow Chemical Company
This report gives detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants. The study includes the demand of this particular market on a global and regional scale for a six year period of 2016-2021, both in terms of volume(kilo tons) and revenue($ million).