• Blog
  • x

    We are working from home under lockdown. Our team is continuously tracking the impact of COVID-19 across different industries and we will incorporate those insights in our reports. For any specific query, mail us at [email protected]

    Cryogenic Insulation Market | Covid-19 Impact Analysis

    Cryogenic Insulation Market | Covid-19 Impact Analysis

    Cryogenic Insulation Market | Covid-19 Impact Analysis
    Report code - SRCE146 Delivery - 2 Weeks
    Cryogenic Insulation Market Size, Share, Trend, Forecast, & Industry Analysis 
    See more...
    Purchase Report
    notch

    Impact of COVID-19 on Cryogenic Insulation Market

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

    See more...

    Impact of COVID-19 on Cryogenic Insulation Market

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

    Cryogenic Insulation Market Insights

    Cryogenic Insulation market is likely to witness an impressive CAGR of 7.2% during the forecast period. 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, rising demand for transportation and storage of liquefied gases.

    Cryogenic Insulation Market - Snapshot

    Growth

    7.2% for the next five years

    Major Material Type

    PU & PIR

    Major Cryogenic Equipment

    Tanks

    Dominant End-Use Industry

    Energy & Power

    Region with the highest demand

    Asia-Pacific

    Key Players

    Armacell International Holding GmbH (Germany), Lydall Inc. (US), BASF SE (Germany), Cabot Corporation (US), Rochling Group (Germany), and Johns Manville Inc. (US).

    Wish to Get a Free Sample? Click here

    Market Share Analysis

    Cryogenic Insulation Market Share: By Material Type

    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.

    Cryogenic Insulation Market Share: By Cryogenic Equipment Type

    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.

    Cryogenic Insulation Market Share: By End-Use Industry Type

    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.  

    Cryogenic Insulation Market Share: By Region

    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.

    Some of the major players in the cryogenic insulation market are-

    • Armacell International Holding GmbH
    • Lydall Inc.
    • BASF SE
    • Cabot Corporation
    • Rochling Group
    • Johns Manville Inc

     

    Market Scope & Segmentation

    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 it comes to transporting or storing this raw material. The gas will only maintain its liquid state at a constant temperature of less than -163 °C. Therefore, the high-quality and dependable insulation of pipelines, processing plants, transport and storage vessels is, therefore a vital part of the LNG business.
    This report studies the market covering a period of 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.

    Cryogenic Insulation Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

    Wish to Get a Free Sample? Click here

    The cryogenic insulation market is segmented into the following categories. 

    Cryogenic Insulation Market Size, Share, & Forecast, 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)

    Cryogenic Insulation Market Size, Share, & Forecast, 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)

    Cryogenic Insulation Market Size, Share, & Forecast, 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)

    Cryogenic Insulation Market Size, Share, & Forecast, 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)

    Cryogenic Insulation 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)

     

    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 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 [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Cryogenic Insulation Market in the foreseeable future?

    The cryogenic insulation market is expected to witness an impressive growth of 7.2% CAGR in the foreseeable future.

    Who are the key players in the Cryogenic Insulation Market?

    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.

    Which country/region is expected to remain the largest Cryogenic Insulation Market?

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

    Which type of material is expected to remain dominant in the market?

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

    •   
    FREE SAMPLE