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Asia-Pacific Cold Insulation Market by Type and Application - Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 156 Pages
  • November 2020
  • Region: Asia Pacific
  • Next Move Strategy Consulting
  • ID: 5314547
Market Definition:

The Asia-Pacific Cold Insulation Market size was valued at USD 2.41 Billion in 2019 and is predicted to reach USD 4.67 Billion by 2030 with a CAGR of 6.2% from 2020-2030. Cold insulation reduces potential damage to equipment from corrosion or fire exposure and increase the operating efficiency of industrial systems such as cooling/heating, ventilating, plumbing, power and process. It is prepared by combining two or more materials in order to prevent heat loss or gain and thereby save the valuable energy. Cold insulation is generally used in environment, where the temperature needs to be maintained lower than the ambient temperature. For example, equipment working under very low temperatures are covered with high quality insulating materials. These materials are widely used in end-user industries such as automobile, construction and electronics. Cold insulation is the most cost-effective way to fight climate change as it has the ability to protect the environment from harmful greenhouse gases.

Market Dynamics and Trends:

Cold insulation market has been witnessing significant growth owing to factors such as rapid pace of industrialization in emerging economies, followed by rising demand of cooling equipment. Also, there has been a substantial increase in the demand for cryogenic insulation in oil & gas industry in the recent years. Moreover, factors such as increasing concerns toward greenhouse gas emissions and expanding industries such as food and healthcare among others in Asia-Pacific region is expected to boost the cold insulation market growth. Furthermore, due to the economic development and changing lifestyle, the level of consumption as well production has substantially increased in Asia-Pacific region, which is also contributing to the growth of cold insulation material market in the region.

However, high-cost of insulating materials and potential health hazards due to the handling of cold insulation materials are some of the factors hindering the market growth. On the other hand, development of eco-friendly products may create lucrative opportunities for the cold insulation market players in the future.

Market Segmentations and Scope of the Study:

The Asia-Pacific cold insulation market share has been segmented on the basis of type, application and country. Based on type, the market is segmented into fiber glass, polyurethane foam, polystyrene foam, phenolic foam, polyethylene foam, rubber and others. Based on application, the market is segmented into HVAC, chemicals, oil & gas, refrigeration, and others. Geographic breakdown and analysis of each of the previously mentioned segments include China, Japan, India, Australia, South Korea, Indonesia, Malaysia, Singapore, Vietnam, Thailand, Philippines, Myanmar, and rest of Asia-Pacific.

Competitive Landscape:

The Asia-Pacific cold insulation market is highly competitive and comprises of numerous market players. Some of the major market players are Kingspan Group PLC, BASF SE, Huntsman Corporation, ILLINOIS Tool Works (ITW Insulations Systems), Rockwool International A/S, Covestro AG, Dowdupont, INC., Dongsung Finetec, Armacell International S.A., and Nichias Corporation among others. There have been various developments taking place in the market that further enhance the Asia-Pacific cold insulation market growth at a large scale.

KEY MARKET SEGMENTS:

By Type:
  • Fiber Glass
  • Polyurethane Foam
  • Polystyrene Foam
  • Phenolic Foam
  • Polyethylene Foam
  • Rubber
  • Others

By Application
  • HVAC
  • Chemicals
  • Oil & Gas
  • Refrigeration
  • Others

By Country
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia
  • Singapore
  • Vietnam
  • Thailand
  • Philippines
  • Myanmar
  • Rest of APAC

Table of Contents

1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1 Secondary Research
1.2.2 Data Analysis Framework
1.2.3 Market Size Estimation
1.2.4 Forecasting
1.2.5 Primary Research and Data Validation
2. Market Snapshot, 2019-2030 Million USD
2.1. Market Snapshot
3. Porter's Five Force Model Analysis
4. Market Dynamics
4.1. Growth Drivers
4.1.1 Driver 1
4.1.2 Driver 2
4.1.3 Driver 3
4.1.4 Driver 4
4.2. Challenges
4.2.1 Challenge 1
4.2.2 Challenge 2
4.3. Opportunities
4.3.1 Opportunity 1
4.3.2 Opportunity 2
5. Asia-Pacific Cold Insulation Market By, Type
5.1. Overview
5.2. Fiber Glass
5.2.1 Fiber Glass Market By, Country
5.3. Polyurethane Foam
5.3.1 Polyurethane Foam Market By, Country
5.4. Polystyrene Foam
5.4.1 Polystyrene Foam Market By, Country
5.5. Phenolic Foam
5.5.1 Phenolic Foam Market By, Country
5.6. Rubber
5.6.1 Rubber Market By, Country
5.7. Polyethylene Foam
5.7.1 Polyethylene Foam Market By, Country
5.8. Other Type
5.8.1 Other Type Market By, Country
6. Asia-Pacific Cold Insulation Market By, Application
6.1. Overview
6.2. Hvac
6.2.1 Hvac Market By, Country
6.3. Chemicals
6.3.1 Chemicals Market By, Country
6.4. Oil & Gas
6.4.1 Oil & Gas Market By, Country
6.5. Refrigeration
6.5.1 Refrigeration Market By, Country
6.6. Other Application
6.6.1 Other Application Market By, Country
7. Asia-Pacific Cold Insulation Market, by Country
7.1. Overview
7.2. China
7.2.1 Asia-Pacific Cold Insulation Market, by Type
7.2.2 Asia-Pacific Cold Insulation Market, by Application
7.3. Japan
7.3.1 Asia-Pacific Cold Insulation Market, by Type
7.3.2 Asia-Pacific Cold Insulation Market, by Application
7.4. India
7.4.1 Asia-Pacific Cold Insulation Market, by Type
7.4.2 Asia-Pacific Cold Insulation Market, by Application
7.5. Australia
7.5.1 Asia-Pacific Cold Insulation Market, by Type
7.5.2 Asia-Pacific Cold Insulation Market, by Application
7.6. South Korea
7.6.1 Asia-Pacific Cold Insulation Market, by Type
7.6.2 Asia-Pacific Cold Insulation Market, by Application
7.7. Indonesia
7.7.1 Asia-Pacific Cold Insulation Market, by Type
7.7.2 Asia-Pacific Cold Insulation Market, by Application
7.8. Malaysia
7.8.1 Asia-Pacific Cold Insulation Market, by Type
7.8.2 Asia-Pacific Cold Insulation Market, by Application
7.9. Singapore
7.9.1 Asia-Pacific Cold Insulation Market, by Type
7.9.2 Asia-Pacific Cold Insulation Market, by Application
7.10. Vietnam
7.10.1 Asia-Pacific Cold Insulation Market, by Type
7.10.2 Asia-Pacific Cold Insulation Market, by Application
7.11. Thailand
7.11.1 Asia-Pacific Cold Insulation Market, by Type
7.11.2 Asia-Pacific Cold Insulation Market, by Application
7.12. Phillippines
7.12.1 Asia-Pacific Cold Insulation Market, by Type
7.12.2 Asia-Pacific Cold Insulation Market, by Application
7.13. Myanmar
7.13.1 Asia-Pacific Cold Insulation Market, by Type
7.13.2 Asia-Pacific Cold Insulation Market, by Application
7.14. Rest of Asia-Pacific
7.14.1 Asia-Pacific Cold Insulation Market, by Type
7.14.2 Asia-Pacific Cold Insulation Market, by Application
8. Company Profiles
8.1. Kingspan Group plc
8.1.1 Company Overview
8.1.2 Company Snapshot
8.1.3 Operating Business Segments
8.1.4 Product Portfolio
8.1.5 Business Performance
8.1.6 Key Strategic Moves and Development
8.2. Basf Se
8.2.1 Company Overview
8.2.2 Company Snapshot
8.2.3 Operating Business Segments
8.2.4 Product Portfolio
8.2.5 Business Performance
8.2.6 Key Strategic Moves and Development
8.3. Huntsman Corporation
8.3.1 Company Overview
8.3.2 Company Snapshot
8.3.3 Operating Business Segments
8.3.4 Product Portfolio
8.3.5 Business Performance
8.3.6 Key Strategic Moves and Development
8.4. Illinois Tool Works
8.4.1 Company Overview
8.4.2 Company Snapshot
8.4.3 Operating Business Segments
8.4.4 Product Portfolio
8.4.5 Business Performance
8.4.6 Key Strategic Moves and Development
8.5. Rockwool International A/S
8.5.1 Company Overview
8.5.2 Company Snapshot
8.5.3 Operating Business Segments
8.5.4 Product Portfolio
8.5.5 Business Performance
8.5.6 Key Strategic Moves and Development
8.6. Covestro AG
8.6.1 Company Overview
8.6.2 Company Snapshot
8.6.3 Operating Business Segments
8.6.4 Product Portfolio
8.6.5 Business Performance
8.6.6 Key Strategic Moves and Development
8.7. Dowdupont, Inc.
8.7.1 Company Overview
8.7.2 Company Snapshot
8.7.3 Operating Business Segments
8.7.4 Product Portfolio
8.7.5 Business Performance
8.7.6 Key Strategic Moves and Development
8.8. Dongsung Finetec
8.8.1 Company Overview
8.8.2 Company Snapshot
8.8.3 Operating Business Segments
8.8.4 Product Portfolio
8.8.5 Business Performance
8.8.6 Key Strategic Moves and Development
8.9. Armacell International S.A.
8.9.1 Company Overview
8.9.2 Company Snapshot
8.9.3 Operating Business Segments
8.9.4 Product Portfolio
8.9.5 Business Performance
8.9.6 Key Strategic Moves and Development
8.10. Nichias Corporation
8.10.1 Company Overview
8.10.2 Company Snapshot
8.10.3 Operating Business Segments
8.10.4 Product Portfolio
8.10.5 Business Performance
8.10.6 Key Strategic Moves and Development

Executive Summary

Asia-Pacific Cold Insulation: Asia-Pacific Market Size, Trends, Competitive, Historical & Forecast Analysis, 2020 - 2030. Increasing concerns toward greenhouse gas emissions and expanding industries such as food and healthcare among others in Asia-Pacific region is expected to boost the Asia-Pacific cold insulation market growth.

Cold insulation reduces potential damage to equipment from corrosion or fire exposure and increase the operating efficiency of industrial systems such as cooling/heating, ventilating, plumbing, power and process. It is prepared by combining two or more materials in order to prevent heat loss or gain and thereby save the valuable energy.

Cold insulation market has been witnessing significant growth owing to factors such as rapid pace of industrialization in emerging economies, followed by rising demand of cooling equipment. Also, there has been a substantial increase in the demand for cryogenic insulation in oil & gas industry in the recent years. However, high-cost of insulating materials and potential health hazards due to the handling of cold insulation materials are some of the factors hindering the market growth.

The Asia-Pacific cold insulation market share has been segmented on the basis of type, application and country. Based on type, the market is segmented into fiber glass, polyurethane foam, polystyrene foam, phenolic foam, polyethylene foam, rubber and others. Based on application, the market is segmented into HVAC, chemicals, oil & gas, refrigeration, and others. Geographic breakdown and analysis of each of the previously mentioned segments include China, Japan, India, Australia, South Korea, Indonesia, Malaysia, Singapore, Vietnam, Thailand, Philippines, Myanmar, and rest of Asia-Pacific.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Kingspan Group PLC
  • BASF SE
  • Huntsman Corporation
  • ILLINOIS Tool Works (ITW Insulations Systems)
  • Rockwool International A/S
  • Covestro AG
  • Dowdupont, INC.
  • Dongsung Finetec
  • Armacell International S.A.
  • Nichias Corporation