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  • Cryogenic Insulation Market Analysis | 2020-2025

    Cryogenic Insulation Market Analysis | 2020-2025

    Cryogenic Insulation Market Analysis | 2020-2025
    Report code - SRCE146 Delivery - 2 Weeks
    Cryogenic Insulation Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth See more...

    Market Insights

    "The global cryogenic insulation market is projected to experience a remarkable CAGR of 7.2% throughout the forecast period".

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    Market Dynamics

    Introduction

    Cryogenic insulation has a wide range of applications in the storage and transport sector of the energy & power industry. Liquefied natural gas (LNG) expands by 600 times when it is transformed from liquid to gaseous state. Volume is an important economic and technical aspect when transporting or storing this raw material. The gas will only maintain its liquid state at a temperature of less than -163 °C. Therefore, the high-quality and dependable insulation of pipelines, processing plants, transport, and storage vessels is, thus a vital part of the LNG business.

    Market Drivers 

    The major factor driving the market for cryogenic insulation is mainly the increasing usage of these insulators in various industrial applications, such as LNG as fuel, and the rising demand for transportation and storage of liquefied gases.

    Segment Analysis

    Cryogenic-Insulation-Market-Dominant-Segments

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    By Material Type

    "PU & PIR segment held the largest share of the market in 2019"

    • Based on the material type, the market is segmented as Pu & PIR, cellular glass, polystyrene foam, fiberglass, perlite, and others.
    • The PU & PIR segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period.
    • The wide use of PU & PIR material in healthcare, cold storage building, coolers, freezers, tanks & pipe insulation, and household refrigerators is driving the growth of this segment.

    By Cryogenic Equipment Type

    "Tanks segment dominates the market during the forecast period"

    • Based on the cryogenic equipment type, the market is segmented as tanks, valves, vaporizers, pumps, and others.
    • The tanks segment dominates the market due to its increasing demand in the energy & power industry for the storage and transportation of LNG.
    • Further, the segment is expected to continue its dominance during the forecast period.

    By End-Use Industry Type

    "Energy & power industry is expected to grow as a result of the increasing demand for LNG as fuel"

    • Based on the end-use industry type, the market is segmented as energy & power, chemicals, metallurgical, electronics, shipping, and others.
    • The demand for cryogenic insulation in the energy & power industry is expected to grow as a result of the increasing demand for LNG as fuel.  

    Regional Analysis

    "Asia-Pacific is estimated to be the largest as well as a fastest-growing market during the forecast period"

    • In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing cryogenic insulation market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities.
    • The growth of the market is driven by the growth of various end-use industries, such as energy & power, chemicals, electronics, and others.
    • Increasing investment in the energy sector along with rising demand for LNG is expected to drive the cryogenic insulation market in the region during the forecast period.

    Cryogenic Insulation Market Regional Analysis

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    Segmentation


    This report studies the market covering 12 years of trend and forecast. 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.

    The cryogenic insulation market is segmented into the following categories. 

    By Material Type:

    • PU & PIR (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cellular Glass (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)
    • Perlite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By Form Type:

    • Bulk-Fill (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Foam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Multi-Layer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By Cryogenic Equipment Type:

    • Tanks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Valves (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vaporizers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pumps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By End-Use Industry Type:

    • Energy & Power (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metallurgical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Shipping (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    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)

    Cryogenic-Insulation-Market-Segmentation

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    Key Players

    The following are the key players in the Cryogenic Insulation Market (arranged alphabetically)

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth Analysis of the Global Cryogenic Insulation Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    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 form types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product 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 cryogenic insulation market is expected to witness an impressive growth of 7.2% CAGR in the foreseeable future.

    Armacell International Holding GmbH, Lydall Inc., BASF SE, Cabot Corporation, Rochling Group, and Johns Manville Inc are among the key players in the cryogenic insulation market.

    Asia-Pacific is expected to remain the largest cryogenic insulation market during the next five years.

    The PU & PIR segment is expected to remain dominant material type in the cryogenic insulation market.

    The tanks segment dominates the market due to its increasing demand in the energy & power industry for the storage and transportation of LNG.

    The major factor driving the cryogenic insulation market is increasing usage of these insulators in various industrial applications, such as LNG as fuel, rising demand for transportation and storage of liquefied gases.