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Cold Insulation Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 265 Pages
  • December 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5918259
The global cold insulation materials market is poised for significant growth, with sales reaching US$ 7.1 billion in 2024. The market is projected to a reaching a valuation of US$ 12 billion by the end of 2031.

Market Overview:

Cold insulation materials play a pivotal role in preventing heat gain or loss, thereby conserving energy. These materials find widespread applications in refrigeration, HVAC, oil & gas, and chemicals industries. The market has witnessed substantial growth due to industrial expansion, particularly in the Automotive HVAC and refrigeration sectors.

Key Growth Factors:

  • Government Support and Cryogenic Insulation Demand: Government support through legislative measures promoting the use of cold insulation materials is a critical factor driving market growth. Rising disposable incomes and increased demand for air conditioning and refrigeration equipment in emerging markets are contributing to the demand for materials such as phenolic foams, fiberglass, polystyrene foams, and polyurethane foams. The oil & gas industry's need for cryogenic equipment is also boosting demand for cryogenic insulation materials.
  • Energy Efficiency Concerns: With escalating energy costs and growing concerns about greenhouse gas emissions, energy efficiency is gaining prominence. Government assistance in improving the energy efficiency of public infrastructure is further propelling market expansion.

Challenges:

  • High Initial Investment and Quality Control Issues: High investment costs and raw material prices are challenging factors affecting the market. Lack of quality control and poor quality standards in emerging economies limit market growth potential, particularly in developing countries.

Consumption Outlook:

  • United States: North America, particularly the United States, is a significant consumer of advanced materials aimed at enhancing operational efficiency and providing better control over processes. The region presents lucrative opportunities for stakeholders in the global cold insulation market.
  • China: China stands out as a major producer and exporter of cold insulation materials. Substantial growth in end-use sectors contributes significantly to market growth.

Competitive Landscape:

The cold insulation materials market is characterized by a degree of consolidation, with a few dominant players holding substantial market share. Medium- and small-scale players also contribute to a competitive market environment.

Key Companies Profiled:

  • BASF SE
  • Huntsman International LLC
  • Armacell International S.A.
  • CertainTeed Corporation
  • Arabian Fiberglass Insulation Co., Ltd
  • Evonik Industries AG
  • The Dow Chemical Company
  • Fletcher Insulation Group
  • Kingspan Group PLC
  • Johns Manville Corporation
  • Knauf Insulation Inc.
  • Owens Corning

Market Segmentation

Cold Insulation Materials Market by Material Type:

  • Fiber Glass
  • Polyurethane Foam
  • Polystyrene Foam
  • Phenolic Foam
  • Others

Cold Insulation Materials Market by Insulation Type:

  • Fibrous
  • Cellular
  • Granular

Cold Insulation Materials Market by Application:

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

Cold Insulation Materials Market by Region:

  • North America Cold Insulation Materials Market
  • Latin America Cold Insulation Materials Market
  • Europe Cold Insulation Materials Market
  • East Asia Cold Insulation Materials Market
  • South Asia & Pacific Cold Insulation Materials Market
  • Middle East & Africa Cold Insulation Materials Market


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Table of Contents

1. Executive Summary
1.1. Global Cold Insulation Materials Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Cold Insulation Materials Market Outlook, 2018 - 2031
3.1. Global Cold Insulation Materials Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Fiber Glass
3.1.1.2. Polyurethane Foam
3.1.1.3. Polystyrene Foam
3.1.1.4. Phenolic Foam
3.1.1.5. Others
3.2. Global Cold Insulation Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. HVAC
3.2.1.2. Chemicals
3.2.1.3. Oil & Gas
3.2.1.4. Refrigeration
3.2.1.5. Others
3.3. Global Cold Insulation Materials Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. North America
3.3.1.2. Europe
3.3.1.3. Asia Pacific
3.3.1.4. Latin America
3.3.1.5. Middle East & Africa
4. North America Cold Insulation Materials Market Outlook, 2018 - 2031
4.1. North America Cold Insulation Materials Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Fiber Glass
4.1.1.2. Polyurethane Foam
4.1.1.3. Polystyrene Foam
4.1.1.4. Phenolic Foam
4.1.1.5. Others
4.2. North America Cold Insulation Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. HVAC
4.2.1.2. Chemicals
4.2.1.3. Oil & Gas
4.2.1.4. Refrigeration
4.2.1.5. Others
4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Cold Insulation Materials Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. U.S. Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
4.3.1.2. U.S. Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
4.3.1.3. Canada Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
4.3.1.4. Canada Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
4.3.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Cold Insulation Materials Market Outlook, 2018 - 2031
5.1. Europe Cold Insulation Materials Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Fiber Glass
5.1.1.2. Polyurethane Foam
5.1.1.3. Polystyrene Foam
5.1.1.4. Phenolic Foam
5.1.1.5. Others
5.2. Europe Cold Insulation Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. HVAC
5.2.1.2. Chemicals
5.2.1.3. Oil & Gas
5.2.1.4. Refrigeration
5.2.1.5. Others
5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Cold Insulation Materials Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Germany Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
5.3.1.2. Germany Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
5.3.1.3. U.K. Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
5.3.1.4. U.K. Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
5.3.1.5. France Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
5.3.1.6. France Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
5.3.1.7. Italy Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
5.3.1.8. Italy Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
5.3.1.9. Turkey Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
5.3.1.10. Turkey Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
5.3.1.11. Russia Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
5.3.1.12. Russia Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
5.3.1.13. Rest of Europe Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
5.3.1.14. Rest of Europe Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Cold Insulation Materials Market Outlook, 2018 - 2031
6.1. Asia Pacific Cold Insulation Materials Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Fiber Glass
6.1.1.2. Polyurethane Foam
6.1.1.3. Polystyrene Foam
6.1.1.4. Phenolic Foam
6.1.1.5. Others
6.2. Asia Pacific Cold Insulation Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. HVAC
6.2.1.2. Chemicals
6.2.1.3. Oil & Gas
6.2.1.4. Refrigeration
6.2.1.5. Others
6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Cold Insulation Materials Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. China Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
6.3.1.2. China Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
6.3.1.3. Japan Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
6.3.1.4. Japan Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
6.3.1.5. South Korea Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
6.3.1.6. South Korea Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
6.3.1.7. India Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
6.3.1.8. India Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
6.3.1.9. Southeast Asia Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
6.3.1.10. Southeast Asia Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
6.3.1.11. Rest of Asia Pacific Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
6.3.1.12. Rest of Asia Pacific Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Cold Insulation Materials Market Outlook, 2018 - 2031
7.1. Latin America Cold Insulation Materials Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Fiber Glass
7.1.1.2. Polyurethane Foam
7.1.1.3. Polystyrene Foam
7.1.1.4. Phenolic Foam
7.1.1.5. Others
7.2. Latin America Cold Insulation Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
7.2.1. Key Highlights
7.2.1.1. HVAC
7.2.1.2. Chemicals
7.2.1.3. Oil & Gas
7.2.1.4. Refrigeration
7.2.1.5. Others
7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Cold Insulation Materials Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Brazil Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
7.3.1.2. Brazil Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
7.3.1.3. Mexico Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
7.3.1.4. Mexico Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
7.3.1.5. Argentina Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
7.3.1.6. Argentina Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
7.3.1.7. Rest of Latin America Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
7.3.1.8. Rest of Latin America Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Cold Insulation Materials Market Outlook, 2018 - 2031
8.1. Middle East & Africa Cold Insulation Materials Market Outlook, by Material Type, Value (US$ Bn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Fiber Glass
8.1.1.2. Polyurethane Foam
8.1.1.3. Polystyrene Foam
8.1.1.4. Phenolic Foam
8.1.1.5. Others
8.2. Middle East & Africa Cold Insulation Materials Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. HVAC
8.2.1.2. Chemicals
8.2.1.3. Oil & Gas
8.2.1.4. Refrigeration
8.2.1.5. Others
8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Cold Insulation Materials Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. GCC Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
8.3.1.2. GCC Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
8.3.1.3. South Africa Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
8.3.1.4. South Africa Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
8.3.1.5. Egypt Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
8.3.1.6. Egypt Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
8.3.1.7. Nigeria Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
8.3.1.8. Nigeria Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
8.3.1.9. Rest of Middle East & Africa Cold Insulation Materials Market by Material Type, Value (US$ Bn), 2018 - 2031
8.3.1.10. Rest of Middle East & Africa Cold Insulation Materials Market by Application, Value (US$ Bn), 2018 - 2031
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Manufacturer vs by Application Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Pfizer Inc.
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Abbott Laboratories
9.4.3. Beckton, Dickinson and Company
9.4.4. F. Hoffmann-La Roche
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BASF SE
  • Huntsman International LLC
  • Armacell International S.A
  • CertainTeed Corporation
  • Arabian Fiberglass Insulation Co., Ltd
  • Evonik Industries AG
  • The Dow Chemical Company
  • Fletcher Insulation Group
  • Kingspan Group PLC
  • Johns Manville Corporation
  • Knauf Insulation Inc.
  • Owens Corning
  • Rockwool International A/S
  • Aspen Aerogels Inc.

Methodology

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