Cold Insulation Material Market: Global Industry Analysis and Forecast, 2014 – 2020

Key points covered in the report

•Market segmentation on the basis of type, application, product, and technology (as applicable)
•Geographic segmentation
North America
Europe
Asia
RoW
•Market size and forecast for the various segments and geographies for the period of 2010 to 2020
•Company profiles of the leading companies operating in the market
•Porter’s five forces analysis of the market

Growing demand from current and emerging applications, increasing use of liquefied petroleum gas (LPG), liquefied natural gas (LNG) and other cryogenic gases, and reduction in green house emissions are some of the key factors impelling the growth of the cold insulation material market. Moreover, rising demand for energy efficiency and advancement & modernization of infrastructure are some of the other factors contributing to the growth of the market. Also, the implementation of LEED certification, a rating for environmental sustainability, by the U.S. Green Building Council (GBC) further drives the market to some extent.

Growing demand of cold insulation material in refrigeration and air-conditioning devices is likely to propel the growth of the market in the near future. Moreover, rising GDP, increasing disposable income, and change in climatic conditions, especially in the Asia-Pacific region are expected to fuel the growth of the market to some extent. Furthermore, advancement in equipment is also pushing the growth of the cold insulation material market. Cryogenic equipment such as aerogel and perlite have excellent thermal insulation properties that enhance the performance of cold insulation materials. This, in turn, is increasing cold insulation materials demand in the global market. However, unpredictable fluctuating costs of raw materials, requirement of large investment in R&D, and lack of quality control in developing nations are restraining the growth of the cold insulation material market.

The market in Asia-Pacific is likely to grow at a fast pace due to the growing cold chain market in the region. Also countries such as China, India, Japan, Australia, and South Korea are among the fastest growing nations in the global market. These are further driving the growth of the cold insulation material in the Asia Pacific region.

Source: Persistance Market Research

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