• Blog
  • Refrigeration Insulation Materials Market Report

    Refrigeration Insulation Materials Market Report

    Refrigeration Insulation Materials Market Report
    Report code - SRAM715 Delivery - 2 Weeks
    Get Free Sample |
    Play Audio
    Listen
    Refrigeration Insulation Materials Market Size, Share, Trend, Forecast, & Industry Ana See more...

    Impact of COVID-19 on Refrigeration Insulation Materials Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Refrigeration Insulation Materials Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Refrigeration insulation materials market is likely to witness an impressive CAGR of 5.8% during the forecast period. Surge in demand for food preservation, increasing LNG demand, and increased oil and gas production have positively impacted the refrigeration insulation market.

    Refrigeration Insulation Materials Market – Snapshot

    Growth

    5.8% for the next five years

    Major Application  Type

    Commercial

    Dominant Material Type

    Polyurethane & Polyisocyanurate

    Key End-Use Industry

    Food & Beverage

    Region with the highest demand

    North America

    Key Players

    Owens Corning, Kingspan Group Plc, Armacell International S.A., Saint-Gobain, L'isolante K-Flex S.P.A., Aspen Aerogels, BASF SE, Morgan Advanced Materials, and Etex.

    Segment Analysis

    Refrigeration-Insulation-Materials-Market-Dominant-Segments

    Wish to get a free sample? Register Here

    Refrigeration Insulation Materials Market Share: By Application Type

    Based on the application type, the market is segmented as commercial, industrial, cryogenic, and refrigerated transport. The commercial segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The significant share of the commercial segment is attributed to the growing demand for refrigerated vending machines, retail groceries, commercial refrigerators, chillers, and refrigerated warehouses.

    Refrigeration Insulation Materials Market Share: By Material Type

    Based on the material type, the market is segmented as polyurethane & polyisocyanurate, elastomeric foam, polystyrene foam, fiber glass, phenolic foam, and others. The polyurethane & polyisocyanurate segment accounted for the largest share of the market in 2020, and is expected to maintain its dominance, over the forecast period, owing to its growing cryogenic applications in compressors, tanks, and pipes.

    Refrigeration Insulation Materials Market Share: By End-Use Industry Type

    Based on the end-use industry type, the market is segmented as food & beverage; chemicals & pharmaceuticals; oil & gas and petrochemicals; and others. The food & beverages segment accounted for the largest share of the market in 2020, and is likely to maintain its leading position, during the forecast period, supported by its growing emphasis on food preservation.

    Refrigeration Insulation Materials Market Share: By Region

    In terms of regions, Europe is projected to be the largest market. The European market is expected to grow with a lucrative CAGR due to the presence of dominant refrigeration insulation material market players such as Isover (France), Armacell (Germany), Kflex (Italy), and Kingspan (Ireland). High emphasis on food and energy preservation will further augment the market growth over the forecast period. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Refrigeration-Insulation-Materials-Market-By-Region

    Know which region offers best growth opportunities. Register Here

    Market Scope & Segmentation

    Certain materials are used for insulation in industrial refrigeration. Such materials are called as refrigeration insulation materials. These materials have utility in refrigerators and freezers across the globe.

    The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Refrigeration Insulation Materials Market Research Report – Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    9

     

    The refrigeration insulation market is segmented into the following categories. 

    Refrigeration Insulation Materials Market Size, Share, & Forecast, by Application Type:

    • Commercial  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cryogenic  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Refrigerated Transport (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Refrigeration Insulation Materials Market Size, Share, & Forecast, by Material Type:

    • Polyurethane & Polyisocyanurate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Elastomeric Foam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polystyrene Foam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fiberglass (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Phenolic Foam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Refrigeration Insulation Materials Market Size, Share, & Forecast, by End-Use Industry Type:

    • Food & Beverages 
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-Use Industry Type Analysis: Fresh Fruits & Vegetables; Meat, Poultry & Fish Processing; Dairy & Ice Cream Processing; and Beverages)
    • Chemical & Pharmaceuticals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil & Gas and Petrochemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Refrigeration Insulation Materials Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Refrigeration-Insulation-Materials-Market-Segmentation

    Want to know the most attractive market segments? Register Here

    Key Players

    Some of the major players in the refrigeration insulation materials market are-

    • Owens Corning
    • Kingspan Group Plc
    • Armacell International S.A.
    • Saint-Gobain
    • L'isolante K-Flex S.P.A.
    • Aspen Aerogels
    • BASF SE
    • Morgan Advanced Materials
    • Etex.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by material type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Application portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The refrigeration insulation materials market is expected to witness an impressive growth of 5.8% CAGR in the foreseeable future.

    Owens Corning, Kingspan Group Plc, Armacell International S.A., Saint-Gobain, L'isolante K-Flex S.P.A., Aspen Aerogels, BASF SE, Morgan Advanced Materials, and Etex are among the key players in the refrigeration insulation materials market.

    Europe is expected to be the largest refrigeration materials market during the forecast period.

    The polyurethane & polyisocyanurate segment is expected to maintain its leading position in the refrigeration insulation materials market in the coming five years.

    The commercial segment is expected to remain dominant application type in the refrigeration materials market in the coming years.

    Surge in demand for food preservation, increasing LNG demand, and increased oil and gas production are the factors driving the growth of refrigeration insulation materials market.

    •   

      Why are We Class Apart?

      Advanced Materials Offer Next Growth Wave

      We Specialize in Composites & other Materials Market Research

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across the Value Chain

      Track the Latest Trends in Advanced Materials

      Know High Growth Opportunities