23-Sep-2020 | Zion Market Research
According to the report published by Zion Market Research, global Cryogenic Insulation market was valued at approximately USD 2.78 Billion in 2019, and is expected to generate revenue of around USD 4.32 Billion by end of 2026, growing at a CAGR of around 8% between 2020 and 2026. The global market for cryogenic insulation is majorly boosted by the increasing requirement for LNG as fuel in developing and developed nations. Increasing environmental awareness is also adding to the development of the global market. Increasing requirement for cryogenic techs in space applications has generated different growth avenues cryogenic insulation makers. Asia Pacific is the major market for cryogenic insulations, all over the world, followed by North America and Europe. One of the major boosters of the global market is the rising requirement for storage, transportation, and liquefaction of LNG from natural gas in these areas.
Major players active in the global market are Lydall Inc., Armacell International Holding GmbH, Cabot Corporation, BASF SE, Johns Manville Inc., and Rochling Group.
PU & PIR Category Predicted To Be The Biggest Contributor During The Forecast Period In The Global Cryogenic Insulation Market
Based on type, the global market for cryogenic insulation has been divided into ceramic, cellular glass, PU & PIR, fiberglass, polystyrene, plastic, perlite, metal, rubber, and others. The PU & PIR category is predicted to top the market for cryogenic insulation in terms of value between 2019 and 2025. The higher requirement for PU & PIR is majorly credited to their widespread applications and properties. PU & PIR foam is fire & moisture resistant, is lightweight, offers better structural performance, and has low density & thermal conductivity. These characteristics allow their employment in cryogenic cases. They are employed in different applications such as coolers, cold storage building, tank & pipe insulation, freezers, and household refrigerators.
Asia Pacific Predicted To Add Up For The Biggest Share During The Forecast Period In The Cryogenic Insulation Market
The cryogenic insulation market in Asia Pacific added for the biggest share in the global market. The market in the area is boosted by the high requirement from rapidly developing end-use sector such as power & energy. Increasing requirement for LNG, rising spending in the energy industry, industrialization, urbanization, and infrastructural growth are predicted to power the market for cryogenic insulation in the years to come.
Browse the full “Cryogenic Insulation Market - by Type (PU & PIR, Cellular Glass, Polystyrene, Fiberglass, Perlite, and Others), Cryogenic Equipment (Tank, Pumps, Vaporizers, Valve, and Others), Form (Bulk-fill, Foam, and Multi-layer), and Application (Energy & Power, Chemicals, Metallurgical, Electronics, and Shipping): Global Industry Perspective, Comprehensive Analysis and Forecast 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/cryogenic-insulation-market
The global cryogenic insulation market is segmented as follows:
By cryogenic equipment
By end-use Industry
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed