U.S (New York)–The Report Ocean has recently published a new report titled “Cold Insulation Market” 2023, which outlines the regional and global markets that are predicted to experience significant growth between 2023 and 2031. This extensive research delves deeply into the market’s ever-changing dynamics, value chain analysis, competitive landscapes, investment hotspots, geographical landscape, and significant segments, providing critical insights and valuable information for policymakers, stakeholders, investors, newcomers, and industry professionals. In addition, the report provides a comprehensive examination of the industry’s controls and restraints, as well as information on the global industry’s plans and opportunities. By utilizing this report, individuals in the industry can capitalize on emerging opportunities, develop key strategies, and gain a competitive edge over rivals.\
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.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
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.
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.
KEY MARKET BENEFITS
This report provides an extensive analysis of the current & emerging market trends and dynamics of the global cold insulation market.
In-depth analysis of all regions is conducted by constructing market estimations for key segments between 2016 and 2023, which assist to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the competitive environment across various regions.
Extensive analysis is conducted by following product benchmarking, positioning, and monitoring the top competitors within the global market.
Major market players are as follows:
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.
Other major players in the industry include the following:
Novisol
Owens Corning
Thermax
Pittsburgh Corning Corporation
Combi Isolatie B.V.
Arabian Fiberglass Insulation Co. Ltd.
Fletcher Insulation Pty Ltd.
KAEFER
Mag Hard Insulators
International Corrosion Services LLC.
Cold Insulation Market Key Segments:
By Type
Fiber Glass
Polyurethane Foam
Polystyrene Foam
Phenolic Foam
Others
By Application
HVAC
Chemicals
Oil & Gas
Refrigeration
Others
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By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAME
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
Reasons for Buying Acetonitrile Market Report:
- This report gives a forward-looking prospect of various factors driving or restraining market growth.
- It renders an in-depth analysis for changing competitive dynamics.
- It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.
- It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.
- It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Market.
- This report helps the readers understand key product segments and their future.
- From 2022 to 2031, All Recent Developments have been covered in this Report.
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