Global Cold Insulation Market, Size, Trends, By Type (Polyisocyanurate, Polyurethane Foam, Nitrile Rubber, Phenolic Foam, Ceramic Fiber, Polystyrene Foam), By Application (HVAC, Chemicals, Oil and Gas, Refrigeration, Others), By End Use (Commercial and Industrial) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Cold Insulation Market
With a CAGR of 7.15 % from 2023 to 2030, the Global Cold Insulation Market is expected to grow from its estimated value of US$ 5.90 Bn in 2022 to US$ 11.45 Bn by 2030.
To prevent heat gain or loss, cold insulation is a procedure that combines two or more materials. For temperatures below the ambient threshold that are capable of preventing long-term deterioration, condensation, and moisture intrusion, cold insulation is frequently utilised.
One of the main businesses that has a significant impact on how all the other major sectors of the economy make decisions is the oil and gas sector. Cold insulation is used in the oil and gas sector in liquefaction plants and to insulate LNG storage tanks, where natural gas is converted to liquid form. The demand for cold insulation will ultimately rise as oil and gas production rises, and this is what is anticipated to drive the market's expansion.
Chemical sector uses cold insulation materials extensively; these materials are mostly used in industrial and petrochemical gases. These substances provide great insulation while lowering the possibility of damage or corrosion. Additionally, they improve process control and raise the chemical process's energy effectiveness. The industrial treatment of gases is one of the primary uses of cold insulating materials in the chemical industry. For this use in the chemical sector, the need for cold insulating materials is anticipated to grow quickly. Consequently, considerably accelerate market expansion within the anticipated time.
Market Restraints
It is anticipated that the availability of alternative insulators such expanded polystyrene insulation (EPS), refractory ceramic fibres (RCFs), and extruded polystyrene insulation (EPS) will restrain the growth of the Global Cold Insulation Market. Since these alternatives can provide comparable insulating benefits across other industries. Additionally, the alternatives offer a number of advantages like excellent dimensional stability, heat and cold resistance, fire protection, and water repellency and prevention. These alternatives therefore pose a significant barrier to market expansion during the anticipated term.
Market Segmentation
The scope of the Global Cold Insulation Market covers segmentation based on By Type, By Application, By End Use and By Region.
By Type, the market is segmented into Polyisocyanurate, Polyurethane Foam, Nitrile Rubber, Phenolic Foam, Ceramic Fiber, Polystyrene Foam. By Application, the market is segmented into HVAC, Chemicals, Oil and Gas, Refrigeration, Others. By End Use, the market is segmented into Commercial and Industrial.
Regional Analysis
The Global Cold Insulation Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
As a result of increased construction investment in countries like India, China, and Japan, the Asia-Pacific region is anticipated to lead the cold insulation market in terms of revenue growth and market share. Additionally, supportive government policies to improve buildings' energy efficiency will accelerate market expansion in this region.
Europe is anticipated to experience the largest growth during the projection period as a result of government initiatives to make the region's public infrastructure more energy-efficient. Furthermore, the market expansion in this region is anticipated to
Key Players
BASF SE, Owens Corning, ROCKWOOL A/S, SAINT-GOBAIN, Huntsman International LLC, Armacell, Dow, Morgan Advanced Materials, Evonik Industries AG, Knauf Insulation.
Market Taxonomy
By Type
• Polyisocyanurate
• Polyurethane Foam
• Nitrile Rubber
• Phenolic Foam
• Ceramic Fiber
• Polystyrene Foam
By Application
• HVAC
• Chemicals
• Oil and Gas
• Refrigeration
• Others
By End Use
• Commercial
• Industrial
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Global Cold Insulation Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Cold Insulation Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Cold Insulation Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Cold Insulation Market Share Analysis, By Type
5.3 Global Cold Insulation Market Size and Forecast, By Type
5.3.1 Polyisocyanurate
5.3.2 Polyurethane Foam
5.3.3 Nitrile Rubber,
5.3.4 Phenolic Foam
5.3.5 Ceramic Fiber
5.3.6 Polystyrene Foam
6 Global Cold Insulation Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Cold Insulation Market Share Analysis, By Application
6.3 Global Cold Insulation Market Size and Forecast, By Application
6.3.1 HVAC
6.3.2 Chemicals
6.3.3 Oil and Gas
6.3.4 Refrigeration
6.3.5 Others
7 Global Cold Insulation Market, By End Use
7.1 Y-o-Y Growth Comparison, By End Use
7.2 Global Cold Insulation Market Share Analysis, By End Use
7.3 Global Cold Insulation Market Size and Forecast, By End Use
7.3.1 Commercial
7.2.2 Industrial
7.2.3 Other
8 Global Cold Insulation Market, By Region
8.1 Global Cold Insulation Market Share Analysis, By Region
8.2 Global Cold Insulation Market Size and Forecast, By Region
8.3 Global Cold Insulation Market Trends and Forecast, By Region
9 North America Cold Insulation Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Cold Insulation Market Share Analysis, By Type
9.3 North America Cold Insulation Market Size and Forecast, By Application
9.4 North America Cold Insulation Market Size and Forecast, By End Use
9.5 North America Cold Insulation Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Type
9.5.1.2 Market Size and Forecast, By Application
9.5.1.3. Market Size and Forecast, By End Use
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Type
9.5.2.2 Market Size and Forecast, By Application
9.5.2.3. Market Size and Forecast, By End Use
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Type
9.5.3.2 Market Size and Forecast, By Application
9.5.3.3. Market Size and Forecast, By End Use
10 Europe Cold Insulation Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Cold Insulation Market Share Analysis, By Type
10.3 Europe Cold Insulation Market Size and Forecast, By Application
10.4 Europe Cold Insulation Market Size and Forecast, By End Use
10.5 Europe Cold Insulation Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Type
10.5.1.2 Market Size and Forecast, By Application
10.5.1.3. Market Size and Forecast, By End Use
10.5.2 France
10.5.2.1. Market Size and Forecast, By Type
10.5.2.2 Market Size and Forecast, By Application
10.5.2.3. Market Size and Forecast, By End Use
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Type
10.5.3.2 Market Size and Forecast, By Application
10.5.3.3. Market Size and Forecast, By End Use
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Type
10.5.4.2 Market Size and Forecast, By Application
10.5.4.3. Market Size and Forecast, By End Use
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Type
10.5.5.2 Market Size and Forecast, By Application
10.5.5.3. Market Size and Forecast, By End Use
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Type
10.5.6.2 Market Size and Forecast, By Application
10.5.6.3. Market Size and Forecast, By End Use
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Type
10.5.7.2 Market Size and Forecast, By Application
10.5.7.3. Market Size and Forecast, By End Use
11 Asia Pacific Cold Insulation Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Cold Insulation Market Share Analysis, By Type
11.3 Asia Pacific Cold Insulation Market Size and Forecast, By Application
11.4 Asia Pacific Cold Insulation Market Size and Forecast, By End Use
11.5 Asia Pacific Cold Insulation Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Type
11.5.1.2 Market Size and Forecast, By Application
11.5.1.3. Market Size and Forecast, By End Use
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Type
11.5.2.2 Market Size and Forecast, By Application
11.5.2.3. Market Size and Forecast, By End Use
11.5.3 India
11.5.3.1. Market Size and Forecast, By Type
11.5.3.2 Market Size and Forecast, By Application
11.5.3.3. Market Size and Forecast, By End Use
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Type
11.5.4.2 Market Size and Forecast, By Application
11.5.4.3. Market Size and Forecast, By End Use
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Type
11.5.5.2 Market Size and Forecast, By Application
11.5.5.3. Market Size and Forecast, By End Use
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Type
11.5.6.2 Market Size and Forecast, By Application
11.5.6.3. Market Size and Forecast, By End Use
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Type
11.5.7.2 Market Size and Forecast, By Application
11.5.7.3. Market Size and Forecast, By End Use
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Type
11.5.8.2 Market Size and Forecast, By Application
11.5.8.3. Market Size and Forecast, By End Use
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Type
11.5.9.2 Market Size and Forecast, By Application
11.5.9.3. Market Size and Forecast, By End Use
12 Latin America Cold Insulation Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Cold Insulation Market Share Analysis, By Type
12.3 Latin America Cold Insulation Market Size and Forecast, By Application
12.4 Latin America Cold Insulation Market Size and Forecast, By End Use
12.5 Latin America Cold Insulation Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Type
12.5.1.2 Market Size and Forecast, By Application
12.5.1.3. Market Size and Forecast, By End Use
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Type
12.5.2.2 Market Size and Forecast, By Application
12.5.2.3. Market Size and Forecast, By End Use
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Type
12.5.3.2 Market Size and Forecast, By Application
12.5.3.3. Market Size and Forecast, By End Use
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Type
12.5.4.2 Market Size and Forecast, By Application
12.5.4.3. Market Size and Forecast, By End Use
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Type
12.5.5.2 Market Size and Forecast, By Application
12.5.5.3. Market Size and Forecast, By End Use
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Type
12.5.6.2 Market Size and Forecast, By Application
12.5.6.3. Market Size and Forecast, By End Use
12.5.7. rest of Latin America
12.5.7.1. Market Size and Forecast, By Type
12.5.7.2 Market Size and Forecast, By Application
12.5.7.3. Market Size and Forecast, By End Use
13 Middle East Cold Insulation Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Cold Insulation Market Share Analysis, By Type
13.3 Middle East Cold Insulation Market Size and Forecast, By Application
13.4 Middle East Cold Insulation Market Size and Forecast, By End Use
13.5 Middle East Cold Insulation Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Type
13.5.1.2 Market Size and Forecast, By Application
13.5.1.3. Market Size and Forecast, By End Use
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Type
13.5.2.2 Market Size and Forecast, By Application
13.5.2.3. Market Size and Forecast, By End Use
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Type
13.5.3.2 Market Size and Forecast, By Application
13.5.3.3. Market Size and Forecast, By End Use
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Type
13.5.4.2 Market Size and Forecast, By Application
13.5.4.3. Market Size and Forecast, By End Use
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Type
13.5.5.2 Market Size and Forecast, By Application
13.5.5.3 Market Size and Forecast, By End Use
13.5.5 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Type
13.5.6.2 Market Size and Forecast, By Application
13.5.6.3 Market Size and Forecast, By End Use
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 BASF SE
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Owens Corning
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. ROCKWOOL A/S
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 SAINT-GOBAIN
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Huntsman International LLC.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Armacell
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Dow
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Morgan Advanced Materials
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Evonik Industries AG
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Knauf Insulation.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
