Low Temperature Insulation Materials Market

Gain valuable insights into the market for Low Temperature Insulation Materials, including sales outlook, demand forecast, and up-to-date key trends

Efficient and Sustainable Solutions for Cold Environments

Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-19118 Format: PDF Pages: 275

Report Highlights

According to a research survey conducted by ChemView Consulting, Low Temperature Insulation Materials Market is estimated to be worth US$ 7,243 Mn in 2023. The market is expected to grow at a CAGR of 7.40 % between 2023 and 2033 to hit US$ 14,789.77 Mn by 2033 end.

Key Market Trends

Cooling the planet with eco-friendly insulation

With the increasing awareness of climate change and the need for sustainable solutions, there has been a growing trend towards the use of eco-friendly insulation materials in the Low Temperature Insulation Materials Market. These materials are made from renewable or recycled sources and have a lower carbon footprint compared to traditional insulation materials. This shift towards eco-friendly insulation is expected to continue to grow as companies and consumers prioritize sustainability in their purchasing decisions.

Advancements in aerogel insulation technology

Aerogel insulation is a high-performance insulation material that is being increasingly used in low-temperature applications. This material has exceptional thermal insulation properties, is lightweight, and has a low thermal conductivity. Recent advancements in aerogel insulation technology have made it more affordable and easier to manufacture, opening up new opportunities in the low-temperature insulation market. With its superior performance and cost-effectiveness, aerogel insulation is expected to become a popular choice for low-temperature insulation in the years to come.

Market Drivers

Growing Demand for Energy-Efficient Buildings to Drive Low Temperature Insulation Materials Market

The market for low temperature insulation materials is expected to experience significant growth in the coming years, driven by the increasing demand for energy-efficient buildings. As concerns about climate change continue to rise, there is a growing focus on reducing energy consumption and carbon emissions in the construction industry. This has led to a greater demand for building materials that can help to improve energy efficiency, such as low temperature insulation materials. These materials are designed to provide superior thermal performance at low temperatures, making them ideal for use in refrigeration systems, cryogenic applications, and other cold storage applications. They can also help to reduce heat loss in buildings, improving overall energy efficiency and lowering heating costs.

Stringent Environmental Regulations to Fuel Low Temperature Insulation Materials Market

Stringent environmental regulations around the world are also driving the growth of the low temperature insulation materials market. Governments and regulatory bodies are imposing strict standards on the use of building materials in order to reduce carbon emissions and improve sustainability.

Segmentation Insights

After conducting a thorough analysis of the Low Temperature Insulation Materials Market, we have identified the top three trending segments in the industry. These segments are experiencing high demand, strong market growth, and widespread adoption.

Most Popular (Fastest Growth Rate)

Polyurethane – General Manufacturing

Polyurethane has emerged as the most popular choice in the Low Temperature Insulation Materials Market for General Manufacturing. This material offers excellent insulation performance, durability, and versatility, making it ideal for applications such as pipelines, storage tanks, and refrigeration units. The high-performance and cost-effectiveness of polyurethane make it the preferred choice for consumers seeking efficient and reliable insulation solutions in the manufacturing industry.

Most Selling (Largest Market Share)

Wool Mineral – Defense and Aerospace

Wool Mineral is the most selling product in the Low Temperature Insulation Materials Market for the Defense and Aerospace industry. This material offers excellent thermal insulation, fire resistance, and acoustic properties, making it ideal for applications such as aircraft engines, missile systems, and defense vehicles. The high durability and reliability of Wool Mineral make it the go-to choice for consumers seeking robust insulation solutions in the defense and aerospace industry.

Trending (Gaining Traction)

Cellular Glass – Electronic & Electrical

Cellular Glass is gaining significant traction in the Low Temperature Insulation Materials Market for the Electronic & Electrical industry. This material offers excellent insulation performance, moisture resistance, and chemical stability, making it ideal for applications such as cryogenic insulation, transformers, and switchgear. The exceptional thermal and electrical insulation properties of Cellular Glass make it the trending choice for consumers seeking high-quality insulation solutions in the electronic and electrical industry.

Regional Insights

Increasing Demand from the Oil and Gas Industry Fueling Growth of Low Temperature Insulation Materials Market in North America

The North America low temperature insulation materials market is experiencing significant growth due to increasing demand from the oil and gas industry. With the growing need for energy, the exploration and production of oil and gas has become crucial. However, the harsh conditions in which these resources are extracted require specialized equipment and materials, including low temperature insulation.

Strong Demand from the Cold Chain Logistics Sector to Boost the Asia Pacific Low Temperature Insulation Materials Market

The Asia Pacific Low Temperature Insulation Materials Market is expected to witness significant growth due to the strong demand from the cold chain logistics sector. With the growth of e-commerce and online grocery shopping, the demand for cold storage facilities has increased significantly in recent years. These facilities require effective insulation materials to maintain a consistent low temperature for perishable goods, such as food and pharmaceuticals.

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Report Includes

Research Scope/Taxonomy
Market Analysis by Material Type:

  • Wool Mineral
  • Polyisocyanurate
  • Polyurethane
  • Polystyrene
  • Phenolic foam
  • Elastomeric foam
  • Cellular Glass
  • Others

Market Analysis by Product Form:

  • Rolls & Batts
  • Spray
  • Rigid Foam/ Board

Market Analysis by End Use:

  • General Manufacturing
  • Automotive
  • Defense and Aerospace
  • Electronic & Electrical
  • Ship Building
  • Others

Analyst Credentials

Key Companies Profiled

  • Huntsman Corporation
  • Aspen Aerogels Inc.
  • Owens Corning Insulating Systems
  • DowDuPont Inc.
  • Kingspan Group plc.
  • Johns Manville Corporation
  • Knauf Insulation
  • Saint-Gobain

1.1. Global Market Snapshot

1.2. Key Success Factors

1.3. Strategic Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

3.1. Preliminary Investigation & Research Design

3.2. Secondary Research & Primary Research

3.3. Data Analysis & Econometric Modelling

3.4. Expert Data Validation

4.1. Supply-Side Trends

4.2. Demand-Side Trends

5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032

5.2. Incremental $ Opportunity Index, 2022-2032

5.3. Global Market Volume (Tons) Analysis, 2017 – 2032

6.1. Regional Level Pricing Analysis and Forecast

6.1.1. Manufacturers Level Pricing

6.1.2. Distributor Level Pricing

6.2. Global Pricing Analysis Benchmark

6.3. Cost Breakdown Analysis

7.1. Cross Analysis of Product Form W.R.T. Product Type

8.1. Regional Supply Vs. Demand Gap Assessment

8.2. Top Producing Countries Analysis

9.1. Macroeconomic Factors

9.2. Forecast Factors

9.3. Market Dynamics

9.3.1. Driver

9.3.2. Restraint

9.3.3. Opportunity

9.4. Supply Chain Analysis

9.4.1. List Raw Material Suppliers

9.4.2. List of Manufacturers

9.4.3. List of Distributors

9.4.4. List of End-Users

9.4.5. End-Users Consumption Analysis

9.4.6. Average Profitability Margin Analysis

9.5. Covid-19 Impact Assessment

9.5.1. Economy/Cluster Projections

9.5.2. Covid-19 Economic Assessment

9.5.3. Impact on Target Market

9.5.4. Recovery Scenario

9.6. Regulatory Framework

9.6.1. Regulations of Key Countries

9.6.2. Potential Impact of Regulations

9.7. Porter’s Five Forces Analysis

9.8. Technology Landscape

10.1. Introduction

10.2. Key Market Trends

10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Material Type [Value (US$ Mn) and Volume (Tons) Analysis]

10.3.1. Wool Mineral

10.3.2. Polyisocyanurate

10.3.3. Polyurethane

10.3.4. Polystyrene

10.3.5. Phenolic foam

10.3.6. Elastomeric foam

10.3.7. Cellular Glass

10.3.8. Others

10.4. Market Attractiveness Analysis by Material Type

11.1. Introduction

11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Form [Value (US$ Mn) and Volume (Tons) Analysis]

11.2.1. Rolls & Batts

11.2.2. Spray

11.2.3. Rigid Foam/ Board

11.3. Market Attractiveness Analysis by Product Form

12.1. Introduction

12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-Use [Value (US$ Mn) and Volume (Tons) Analysis]

12.2.1. General Manufacturing

12.2.2. Automotive

12.2.3. Defense and Aerospace

12.2.4. Electronic & Electrical

12.2.5. Ship Building

12.2.6. Others

12.3. Market Attractiveness Analysis by End-Use

13.1. Introduction

13.2. Key Market Trends

13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]

13.3.1. North America

13.3.2. Latin America

13.3.3. Europe

13.3.4. Asia-Pacific

13.3.5. Middle East

13.3.6. Africa

13.4. Market Attractiveness Analysis by Region

14.1. Introduction

14.2. Key Market Trends

14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

14.3.1. By Country U.S. Canada

14.3.2. By Material Type

14.3.3. By Product Form

14.3.4. By End-Use

14.4. Market Attractiveness Analysis

14.4.1. By Country

14.4.2. By Material Type

14.4.3. By Product Form

14.4.4. By End-Use

15.1. Introduction

15.2. Key Market Trends

15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

15.3.1. By Country Brazil Mexico Rest of Latin America

15.3.2. By Material Type

15.3.3. By Product Form

15.3.4. By End-Use

15.4. Market Attractiveness Analysis

15.4.1. By Country

15.4.2. By Material Type

15.4.3. By Product Form

15.4.4. By End-Use

16.1. Introduction

16.2. Key Market Trends

16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

16.3.1. By Country Germany Italy France UK Spain Netherlands Norway Russia Rest of Europe

16.3.2. By Material Type

16.3.3. By Product Form

16.3.4. By End-Use

16.4. Market Attractiveness Analysis

16.4.1. By Country

16.4.2. By Material Type

16.4.3. By Product Form

16.4.4. By End-Use

17.1. Introduction

17.2. Key Market Trends

17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

17.3.1. By Country China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand Rest of Asia-Pacific

17.3.2. By Material Type

17.3.3. By Product Form

17.3.4. By End-Use

17.4. Market Attractiveness Analysis

17.4.1. By Country

17.4.2. By Material Type

17.4.3. By Product Form

17.4.4. By End-Use

18.1. Introduction

18.2. Key Market Trends

18.3. Pricing Analysis

18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

18.4.1. By Country Saudi Arabia Turkey U.A.E. Rest of the Middle East

18.4.2. By Material Type

18.4.3. By Product Form

18.4.4. By End-Use

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Material Type

18.5.3. By Product Form

18.5.4. By End-Use

19.1. Introduction

19.2. Key Market Trends

19.3. Pricing Analysis

19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

19.4.1. By Country South Africa Nigeria Egypt Rest of Africa

19.4.2. By Material Type

19.4.3. By Product Form

19.4.4. By End-Use

19.5. Market Attractiveness Analysis

19.5.1. By Country

19.5.2. By Material Type

19.5.3. By Product Form

19.5.4. By End-Use

20.1. Tier Structure Breakdown

20.2. Market Share Analysis

20.3. Production Capacity Analysis

20.4. Company Footprint Analysis

20.4.1. Product Footprint of Players

20.4.2. Regional Footprint of Players

20.4.3. Channel Footprint of Players

20.5. Brand Preference Analysis

20.6. Competition Dashboard

21.1. BASF SE

21.1.1. Company Overview

21.1.2. Product & Financial Portfolio

21.1.3. Manufacturing Facilities

21.1.4. Recent Developments

21.1.5. SWOT Analysis

21.1.6. Strategy Overview

21.2. Huntsman Corporation

21.3. Aspen Aerogels Inc.

21.4. Owens Corning Insulating Systems

21.5. DowDuPont Inc.

21.6. Kingspan Group plc.

21.7. Johns Manville Corporation

21.8. Knauf Insulation

21.9. Saint-Gobain