The market for cold insulation materials is expanding as demand for energy efficiency rises.
Category: Chemicals & Materials Published Date : Oct-23 ID: CVC01100 Format: PDF Pages: 300
Cold Insulation Materials Industry Outlook
As per rigorous research by ChemView Consulting, our analysts forecast that the global cold insulation materials market is anticipated to reach a valuation of US $10,531.6 million and will grow at 5.7% CAGR from 2023 to 2033.
Key Findings on the Cold Insulation Materials Market
1. Which is the largest industry for cold insulation materials?
The biggest market for cold insulation materials is East Asia. As per our analysis, East Asia holds nearly 31.4% share of the cold insulation materials market.
2. What is the largest application segment within the cold insulation materials industry?
As per ChemView Consulting, the largest segment by application is HVAC. As per our analysis, this segment accounts for nearly 48.7% of total revenues.
3. At what rate is the cold insulation materials market expected to grow?
The industry size is expected to register CAGR of 5.7% during the period 2023–2033.
4. What are the major trends influencing the cold insulation materials industry growth?
5. Who are the leading players in the cold insulation materials market?
The key companies in the cold insulation materials industry are Owens Corning, BASF, Armacell, Dow Chemical Company, Bayer Material Science, Huntsman Corporation, Evonik Industries, Aspen Aerogels, Dongsung FineTec Co., Ltd., Certain Teed Corporation, Kingspan Group PLC., Arabian Fiberglass Insulation Company Ltd., Pittsburgh Corning Corporation, Fletcher Insulation Group, Knauf Insulation, and Bradford Insulation Industries.
Key Drivers for Cold Insulation Materials Market Demand
Key Challenges Inhibiting Demand for Cold Insulation Materials
Key Challenges and Opportunities for Cold Insulation Materials Market Manufacturers
US Cold Insulation Materials Industry Forecast
Europe Cold Insulation Materials Market Outlook
Japan Cold Insulation Materials Industry Overview
China and India Cold Insulation Materials Market Forecast
Cold Insulation Materials Market Outlook and Forecast by Segmentation
Based on type, the polyurethane foam segment is expected to remain at the forefront of cold insulation materials industry share over the assessment period. The growth is mainly because polyurethane foam is lightweight, which makes it easier to install and carry, especially in the case of refrigerated trucks and containers. In addition, its great insulation effectiveness enables thinner insulation layers to be used, saving space while maintaining the necessary temperature.
Furthermore, polyurethane foam is known for its durability and moisture resistance, which is important in cold conditions where condensation and moisture control are critical. It can endure temperature changes and dampness without losing its insulating performance.
Based on application, the HVAC segment is set to account for 48.7% of the cold insulation materials market share over the assessment period. The growth is because HVAC systems are critical to preserving indoor comfort and air quality while also accounting for a significant portion of a building’s energy consumption. Cold insulation materials are critical for limiting heat transfer and ensuring that these systems operate efficiently. As energy efficiency remains a primary goal for both residential and commercial buildings, the need for high-quality insulation materials in HVAC applications remains high.
In addition, HVAC systems limit heat loss or gain, which results in less expensive energy expenses for building owners. The cost savings associated with efficient HVAC systems make investing in superior insulating materials a financially attractive choice, encouraging their ongoing use.
Which Company Owns the Largest Share in the Cold Insulation Materials Market?
The key companies in the cold insulation materials business landscape are Owens Corning, BASF, Armacell, Dow Chemical Company, Bayer Material Science, Huntsman Corporation, Evonik Industries, Aspen Aerogels, Dongsung FineTec Co., Ltd., Certain Teed Corporation, Kingspan Group PLC., Arabian Fiberglass Insulation Company Ltd., Pittsburgh Corning Corporation, Fletcher Insulation Group, Knauf Insulation, and Bradford Insulation Industries.
As per our analysis, the companies that hold the largest share of the cold insulation materials market
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Dongsung FineTec Co., Ltd.
Founded in 1985 and with headquarters in South Korea, it is a company that provides LNG cargo-hold-related equipment as well as thermal and cold insulation materials for domestic and foreign shipyards.
Established in 2002 and with headquarters in Vise, Belgium, it is an international insulation product manufacturer owned by the Knauf family.
Evonik Industries AG
Founded in 2007 and with headquarters in Essen, Germany, it is a publicly traded specialty chemicals firm.
The Dow Chemical Company
Founded in 1897 and with headquarters in Midland, Michigan, United States, the company is among the three largest chemical producers in the world.
Founded in 1970 and with headquarters in Texas, United States, it is a multinational manufacturer and marketer of chemical products for consumers and industrial customers.
What Makes this Report More Insightful than Others?
With ChemView Consulting, we’re redefining market research for the next generation. Go beyond traditional analysis and immerse yourself in a holistic exploration of business opportunities. We offer:
Actionable Business Opportunity Assessments: Navigate the business landscape with precise, actionable insights tailored for future growth.
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Dynamic Price Tracking: Stay agile in a fluctuating market with real-time pricing intelligence.
Profitability Analysis with Precision: Dive deep into data-driven strategies that ensure optimal returns on investment.
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Startup Ecosystem Tracking: Discover the next big disruptors before they make headlines.
Up-to-the-minute Regulations and Compliance Updates: Stay ahead of the regulatory curve, ensuring business continuity and compliance.
Pioneering Technological Insights: Explore the forefront of innovation, capturing trends before they shape the market.
The future is data-rich and insights-driven, and with ChemView Consulting, you are poised at the forefront. Every report is crafted to inspire, and every insight is designed to catalyze growth. Partner with us, and let’s co-create the future of your business.
The cold insulation materials market is projected to reach a significant value of US $10,531.6 million by 2033, driven by a robust 5.7% CAGR during the period 2023–2033. Key industry players actively contributing to its growth are Owens Corning, BASF, Armacell, Dow Chemical Company, Bayer Material Science, Huntsman Corporation, Evonik Industries, Aspen Aerogels, Dongsung FineTec Co., Ltd., Certain Teed Corporation, Kingspan Group PLC., Arabian Fiberglass Insulation Company Ltd, Pittsburgh Corning Corporation, Fletcher Insulation Group, Knauf Insulation, and Bradford Insulation Industries. The largest market segment by application is HVAC, while East Asia emerges as the dominant region in this market.
1.1. Global Market Outlook
1.2. Technology Roadmap
1.3. Supply and Demand Side Trends
1.4. Strategic Success Factors
1.5. Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
2.3. Inclusions and Limitations
3.1. Supply Side Overview
3.2. Demand Side Overview
4.1. Macroeconomic Factors
4.2. Forecast Factors
4.3. PEST Analysis
4.4. Porter’s Five Forces
4.5. Value Chain Analysis
4.6. Market Dynamics
4.7. Patent Analysis
4.8. Trade Analysis
4.9. Investment Feasibility Matrix
4.10. Challenges for New Entrants
4.11. Regulations Overview
4.12. Covid-19 Impact Assessment
4.12.1. Economy/Cluster Projections
4.12.2. Covid-19 Economic Assessment
4.12.3. Potential Impact on Target Market
4.12.4. Recovery Scenario
5.1. Historical Value ($ Mn) and Future Market Value ($ Mn) Projection Analysis
5.2. Demand Y-o-Y Growth Rate Analysis
5.3. Total $ Opportunity Analysis
5.4. Historical Volume (Tons) and Future Market Volume (Tons) Projection Analysis
6.1. Regional Pricing Analysis By Source
6.2. Regional Price Forecast
6.3. Profit Margin Analysis
6.4. Future Price Impact Factors
7.2. Market Trends
7.3. Historical Market Analysis and Market Forecast Analysis
7.3.1. Fiber Glass
7.3.2. Polyurethane Foam
7.3.3. Polystyrene Foam
7.3.4. Phenolic Foam
7.4. Market Attractiveness Analysis
8.2. Market Trends
8.3. Historical Market Analysis and Market Forecast Analysis
8.3.3. Oil and Gas
8.4. Market Attractiveness Analysis
9.2. Market Trends
9.3. Historical Market Analysis and Market Forecast Analysis
9.3.1. North America
9.3.2. Latin America
9.3.3. Western Europe
9.3.4. Eastern Europe
9.3.5. East Asia
9.3.6. South Asia Pacific
9.3.7. Middle East and Africa
9.4. Market Attractiveness Analysis by Region
10.2. Key Market Trends
10.3. Pricing Analysis
10.4. Historical Market Analysis and Market Forecast Analysis
10.4.1. By Country
10.4.1.1. The U.S.
10.4.2. By Type
10.4.3. By Application
10.5. Market Attractiveness Analysis
10.5.1. By Country
10.5.2. By Type
10.5.3. By Application
10.6. Market Participants Presence Mapping
11.2. Key Market Trends
11.3. Pricing Analysis
11.4. Historical Market Analysis and Market Forecast Analysis
11.4.1. By Country
220.127.116.11. Rest of L.A.
11.4.2. By Type
11.4.3. By Application
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Type
11.5.3. By Application
11.6. Market Participants Presence Mapping
12.2. Key Market Trends
12.3. Pricing Analysis
12.4. Historical Market Analysis and Market Forecast Analysis
12.4.1. By Country
18.104.22.168. Rest of Western Europe
12.4.2. By Type
12.4.3. By Application
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Type
12.5.3. By Application
12.6. Market Participants Presence Mapping
13.2. Key Market Trends
13.3. Pricing Analysis
13.4. Historical Market Analysis and Market Forecast Analysis
13.4.1. By Country
22.214.171.124. Rest of Eastern Europe
13.4.2. By Type
13.4.3. By Application
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Type
13.5.3. By Application
13.6. Market Participants Presence Mapping
14.2. Key Market Trends
14.3. Pricing Analysis
14.4. Historical Market Analysis and Market Forecast Analysis
14.4.1. By Country
126.96.36.199. South Korea
14.4.2. By Type
14.4.3. By Application
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Type
14.5.3. By Application
14.6. Market Participants Presence Mapping
15.2. Key Market Trends
15.3. Pricing Analysis
15.4. Historical Market Analysis and Market Forecast Analysis
15.4.1. By Country
188.8.131.52. Rest of SAP
15.4.2. By Type
15.4.3. By Application
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Type
15.5.3. By Application
15.6. Market Participants Presence Mapping
16.2. Key Market Trends
16.3. Pricing Analysis
16.4. Historical Market Analysis and Market Forecast Analysis
16.4.1. By Country
184.108.40.206. GCC Countries
220.127.116.11. South Africa
18.104.22.168. Rest of MEA
16.4.2. By Type
16.4.3. By Application
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Type
16.5.3. By Application
16.6. Market Participants Presence Mapping
17.1. Market Concentration Analysis
17.2. Tier Structure Breakdown
17.3. Market Share Analysis
17.4. Production Capacity Analysis
17.5. Key Strategies Adopted by Top Players
17.6. Start-up Ecosystem
17.6.1. New Player Entry
17.6.2. Strategies Adopted by New Players
17.7. Company Footprint Analysis
17.7.1. Vehicle Type Footprint
17.7.2. Regional Footprint
17.8. Competitive Dashboard
18.1. Owens Corning
18.1.1. Company Overview
18.1.2. Product Portfolio
18.1.4. Financial Analysis
18.1.5. Recent Developments
18.1.6. SWOT Analysis
18.1.7. Strategy Overview
18.4. Dow Chemical Company
18.5. Bayer Material Science
18.6. Huntsman Corporation
18.7. Evonik Industries
18.8. Aspen Aerogels
18.9. Dongsung FineTec Co., Ltd.
18.10. Certain Teed Corporation
18.11. Kingspan Group PLC.
18.12. Arabian Fiberglass Insulation Company Ltd
18.13. Pittsburgh Corning Corporation
18.14. Fletcher Insulation Group
18.15. Knauf Insulation
18.16. Bradford Insulation Industries.