HOME Top Market Reports Cold Insulation Market by Material (Fiber Glass, Phenolic Foams, Polystyrene Foams, Polyurethane Foams, and Others), by End-Use Industry (Chemicals, HVAC, Oil & Gas, Refrigeration, and Others) - Trends & Forecasts to 2020

Cold Insulation Market by Material (Fiber Glass, Phenolic Foams, Polystyrene Foams, Polyurethane Foams, and Others), by End-Use Industry (Chemicals, HVAC, Oil & Gas, Refrigeration, and Others) - Trends & Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: November 2015
Report Code: CH 1878

 

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The cold insulation market size is projected to reach USD 5.7 Billion by 2020, at a CAGR of 7.8% during the forecast period.

A material or combinations of two or more materials that can be used to prevent heat loss or heat gain to conserve the valuable energy are known as insulation materials. Depending on various applications, these materials can be manufactured in any size and shape. Insulation is the most cost-effective measure to combat climate change. Insulating materials have the ability to protect the environment from harmful greenhouse gases. If insulation is in accordance, it decreases the heat flow and can reduce cooling demand by up to 75%. Materials described can be used for temperatures in the range from 15oC to -275°C, and can be classified as cold insulation materials.

Europe is the leading region for cold insulation market during the forecast period, owing to the rapid growth of end-use industries, such as construction, oil & gas, refrigeration, HVAC, and chemicals in the region. Climatic conditions of most of the European countries also pave the way for growth of cryogenic equipment industry of cold insulation market.

Asia-Pacific is projected to be the fastest-growing region during the forecast period due to low cost of setting up manufacturing units and easy availability of feedstock in the region. Moreover, the low wages of skilled labor in the region makes it easier for manufacturers to have a control on their operating cost. Lower costs of electricity and water are the other reasons for the high growth rate in Asia-Pacific.

This study aims to estimate the market size of cold insulation in 2015 in terms of volume and value and projects its demand by 2020. This market research study provides a detailed qualitative and quantitative analysis of the cold insulation market. It provides a comprehensive review of the key drivers, restraints, opportunities, and challenges in the market. The market is segmented and projected by region into Asia-Pacific, North America, Europe, and RoW, which are further segmented by key countries in each region.

We have used different secondary sources, such as company websites, encyclopedia, directories, and databases to identify and collect information that are useful for this extensive commercial study of the market. The primary sources, which include experts from related industries, have been interviewed to verify and collect critical information as well as to assess the future prospects of the market.

It also includes detailed profiling of various market players such as BASF SE (Germany), Armacell International Holding Gmbh (Germany), The DOW Chemical Company (U.S.), Owens Corning (U.S.), Bayer MaterialScience (Germany), and Huntsman Corporation (U.S.).

The key stake holders in market are cold insulation manufacturers, traders, distributors, suppliers, end-use market participants of different segments of cold insulation, government & research organization, R&D institutes, investing banks and private equity firms.

Scope of the Report:

This research report categorizes the market for cold insulation on the basis of material, end-use industry, and region and provides forecast of growth and analysis of trends in each of the submarkets.

On the Basis of Material: The market is segmented on the basis of material, into fiber glass, phenolic foam, polyurethane foam, polystyrene foam, and others. Each material is further described in detail in the report with value forecasts till 2020.

On the Basis of End-Use Industry: The market is segmented on the basis of end-use industries that include oil & gas, HVAC, chemical, refrigeration, and others. Each segment is further described in detail in the report with value forecasts till 2020.

On the Basis of Region: The market is segmented by region into Asia-Pacific, Europe, North America, and RoW. It is further segmented by key countries in each region that include China, South Korea, France, Germany, U.S., and Spain.

Available Customizations:

The following customization options are available in the report:

  1. Analysis of Cold Insulation Market (Additional Country Level Data)
  2. Company Information
  3. Analysis and profiling of additional global as well as regional market players (Up to 3)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Market
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Cold Insulation Market
    4.2 Market, By Region
    4.3 Market, Key End Use Industries in Europe
    4.4 Leading Countries in Cold Insulation Market
    4.5 Cold Insulation Market, By Material
    4.6 Market: Developed vs Developing Nations
    4.7 Market, By Material
    4.8 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand for Cryogenic Insulation Materials
                    5.3.1.2 Increased Environmental Awareness
                    5.3.1.3 Increasing Demand for Refrigeration and Air Conditioning Devices
           5.3.2 Restraints
                    5.3.2.1 Volatile Raw Material Prices
                    5.3.2.2 Lack of Quality Control in Developing Nations
           5.3.3 Opportunities
                    5.3.3.1 Potential Market in the Middle-East
                    5.3.3.2 Development of Bio-Based Insulation Materials
           5.3.4 Challenges
                    5.3.4.1 Developing New Cold Insulation Materials With Less Environmental Impact

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Threat of New Entrants
           6.3.3 Threat of Substitutes
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Rivalry

7 Market, By Material (Page No. - 51)
    7.1 Introduction
    7.2 Fiber Glass
    7.3 Polyurethane Foam
    7.4 Polystyrene Foam
    7.5 Phenolic Foam
    7.6 Other Materials

8 Market, By End-Use Industry (Page No. - 61)
    8.1 Introduction
    8.2 Heating, Ventilation, and Air Conditioning
    8.3 Refrigeration
    8.4 Oil & Gas
    8.5 Chemicals
    8.6 Others

9 Regional Analysis (Page No. - 72)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 Australia & New Zealand
           9.2.4 India
           9.2.5 South Korea
           9.2.6 Rest of Asia-Pacific
    9.3 North America
           9.3.1 U.S.
           9.3.2 Canada
           9.3.3 Rest of North America
    9.4 Europe
           9.4.1 Germany
           9.4.2 France
           9.4.3 U.K.
           9.4.4 Spain
           9.4.5 Rest of Europe
    9.5 RoW

10 Competitive Landscape (Page No. - 108)
     10.1 Overview
     10.2 New Product Launch: the Most Popular Growth Strategy
     10.3 Huntsman Corporation: the Most Active Player Between 2010 and 2015
     10.4 Competitive Situation and Trends
             10.4.1 New Product Launches
             10.4.2 Acquisitions
             10.4.3 Expansions
             10.4.4 Joint Ventures

11 Company Profiles (Page No. - 114)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 Huntsman Corporation
     11.3 Armacell International Holding GmbH
     11.4 BASF SE
     11.5 The DOW Chemical Company
     11.6 Owens Corning
     11.7 Bradford Insulation Industries Ltd
     11.8 Dongsung Finetec Corporation
     11.9 Aspen Aerogel Inc.
     11.10 Bayer Materialscience
     11.11 Pittsburgh Corning Corporation

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 137)
     12.1 Insights From Industry Experts
     12.2 Recent Developments
             12.2.1 New Product Launches
             12.2.2 Acquisitions
             12.2.3 Expansions
     12.3 Discussion Guide
             12.3.1 Global Cold Insulation Market
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (89 Tables)

Table 1 Cold Insulation Market Size, By Region, USD Million (2013–2020)
Table 2 Market, By Material
Table 3 Market, By End-Use Industry
Table 4 Market Size, By Material, 2013–2020 (USD Million)
Table 5 Market Size, By Material, 2013–2020 (Kiloton)
Table 6 Fiber Glass Market Size, By Region, 2013–2020 (USD Million)
Table 7 Fiber Glass Market Size, By Region, 2013–2020 (Kiloton)
Table 8 Polyurethane Foam Market Size, By Region, 2013–2020 (USD Million)
Table 9 Polyurethane Foam Market Size, By Region, 2013–2020 (Kiloton)
Table 10 Polystyrene Foam Market Size, By Region, 2013–2020 (USD Million)
Table 11 Polystyrene Foam Market Size, By Region, 2013–2020 (Kiloton)
Table 12 Polystyrene Foam Market Size, By Region, 2013–2020 (Kiloton)
Table 13 Phenolic Foam Market Size, By Region, 2013–2020 (USD Million)
Table 14 Phenolic Foam Market Size, By Region, 2013–2020 (Kiloton)
Table 15 Other Cold Insulation Materials Market Size, By Region, 2013–2020 (USD Million)
Table 16 Other Cold Insulation Materials Market Size, By Region, 2013–2020 (Kilotons)
Table 17 Market Size in Heating, Ventilation, and Air Conditioning,  By Region, 2013–2020 (USD Million)
Table 18 Market Size in Heating, Ventilation, and Air Conditioning,  By Region, 2013–2020 (Kiloton)
Table 19 Market Size in Refrigeration, By Region, 2013–2020 (USD Million)
Table 20 Market Size in Refrigeration, By Region, 2013–2020 (Kiloton)
Table 21 Market Size in Oil & Gas Industry, By Region, 2013–2020 (USD Million)
Table 22 Market Size in Oil & Gas Industry, By Region, 2013–2020 (Kiloton)
Table 23 Market Size in Chemical Industry, By Region, 2013–2020 (USD Million)
Table 24 Market Size in Chemical Industry, By Region, 2013–2020 (Kiloton)
Table 25 Cold Insulation Market Size in Others, By Region, 2013–2020 (USD Million)
Table 26 Market Size in Others, By Region, 2013–2020 (Kiloton)
Table 27 Market Size, By Region, 2013–2020 (USD Million)
Table 28 Market Size, By Region, 2013–2020 (Kiloton)
Table 29 Asia-Pacific: Cold Insulation Market Size, By Country, 2013–2020 (USD Million)
Table 30 Asia-Pacific: Market Size, By Country, 2013–2020 (Kiloton)
Table 31 China: Cold Insulation Market Size, By Material, 2013–2020 (USD Million)
Table 32 China: Market Size, By Material, 2013–2020 (Kiloton)
Table 33 China: Market Size, By End-Use Industry 2013–2020 (USD Million)
Table 34 Japan: Cold Insulation Market Size, By Material, 2013–2020 (USD Million)
Table 35 Japan: Market Size, By Material 2013–2020 (Kiloton)
Table 36 Japan: Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 37 Australia & New Zealand: Cold Insulation Market Size, By Material,  2013–2020 (USD Million)
Table 38 Australia & New Zealand: Market Size, By Material,  2013–2020 (Kiloton)
Table 39 Australia & New Zealand: Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 40 India: Cold Insulation Market Size, By Material, 2013–2020 (USD Million)
Table 41 India: Market Size, By Material, 2013–2020 (Kiloton)
Table 42 India: Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 43 South Korea: Cold Insulation Market Size, By Material 2013–2020 (USD Million)
Table 44 South Korea: Market Size, By Material, 2013–2020 (Kiloton)
Table 45 South Korea: Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 46 Rest of Asia-Pacific: Cold Insulation Market Size, By Material, 2013–2020 (USD Million)
Table 47 Rest of Asia-Pacific: Market Size, By Material, 2013–2020 (Kiloton)
Table 48 Rest of Asia-Pacific: Market Size, By End-Use Industry  2013–2020 (USD Million)
Table 49 North America: Cold Insulation Market Size, By Country, 2013–2020 (USD Million)
Table 50 North America: Market Size, By Country, 2013–2020 (Kiloton)
Table 51 North America: Market Size, By Material, 2013–2020 (USD Million))
Table 52 North America: Market Size, By End-Use Industry,  2013–2020 (USD Million)
Table 53 U.S.: Cold Insulation Market Size, By Material, 2013–2020 (USD Million)
Table 54 U.S.: Market Size, By Material, 2013–2020 (Kiloton)
Table 55 U.S.: Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 56 Canada: Cold Insulation Market Size, By Material, 2013–2020 (USD Million)
Table 57 Canada: Market Size, By Material, 2013–2020 (Kiloton)
Table 58 Canada: Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 59 Rest of North America: Cold Insulation Market Size, By Material 2013–2020 (USD Million)
Table 60 Rest of North America: Market Size, By Material, 2013–2020 (Kiloton)
Table 61 Rest of North America: Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 62 Europe: Cold Insulation Market Size, By Country, 2013–2020 (USD Million)
Table 63 Europe: Market Size, By Country, 2013–2020 (Kiloton)
Table 64 Germany: Cold Insulation Market Size, By Material, 2013–2020 (USD Million)
Table 65 Germany: Market Size, By Material, 2013–2020 (Kiloton)
Table 66 Germany: Cold Insulation Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 67 France: Cold Insulation Market Size, By Material 2013–2020 (USD Million)
Table 68 France: Market Size, By Material, 2013–2020 (Kiloton)
Table 69 France: Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 70 U.K.: Cold Insulation Market Size, By Material, 2013–2020 (USD Million)
Table 71 U.K.: Market Size, By Material, 2013–2020 (Kiloton)
Table 72 U.K.: Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 73 Spain: Cold Insulation Market Size, By Material, 2013–2020 (USD Million)
Table 74 Spain: Market Size, By Material, 2013–2020 (Kiloton)
Table 75 Spain: Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 76 Rest of Europe: Cold Insulation Market Size, By Material, 2013–2020 (USD Million)
Table 77 Rest of Europe: Market Size, By Material, 2013–2020 (Kiloton)
Table 78 Rest of Europe: Market Size, By End-Use Industry,  2013–2020 (USD Million)
Table 79 RoW: Cold Insulation Market Size, By Material, 2013–2020 (USD Million)
Table 80 RoW: Market Size, By Material 2013–2020 (Kiloton)
Table 81 RoW: Market Size, By End-Use Industry, 2013–2020 (USD Million)
Table 82 RoW: Market Size, By End-Use Industry, 2013–2020 (Kiloton)
Table 83 New Product Launches, 2010–2015
Table 84 Acquisitions, 2010–2015
Table 85 Expansions, 2010–2015
Table 86 Joint Ventures, 2010–2015
Table 87 The Global Cold Insulation Market has Been Segmented By Region As:
Table 88 The Global Market has Been Segmented By Type As:
Table 89 The Global Market has Been Segmented By Application As:


List of Figures (51 Figures)

Figure 1 Cold Insulation Market: Research Design
Figure 2 Market Size Estimation: Top-Down Approach
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market: Data Triangulation
Figure 5 : By End User Industry
Figure 6 Market: By Material
Figure 7 Polyurethane Foam and Phenolic Foam to Drive the Market Between 2015 and 2020
Figure 8 Cold Insulation Regional Market Share
Figure 9 Market to Register High Growth Between 2015 and 2020
Figure 10 Market in Asia-Pacific Projected to Register Highest Growth Rate Between 2015 and 2020
Figure 11 Germany Accounted for the Largest Share of the European Cold Insulation Market, 2015
Figure 12 China to Register the Highest Growth Rate Between 2015 and 2020
Figure 13 Polyurethane Foam to Accounts for the Largest Share of the Market
Figure 14 China to Emerge as A Lucrative Market in Terms of Growth Between 2015 and 2020
Figure 15 Polyurethane Foam is the Leading Segment Across Regions
Figure 16 Asia-Pacific Registers the Highest Growth Potential in the Market Among Other Regions
Figure 17 Drivers, Restraints, Opportunities, and Challenges in Cold Insulation Market
Figure 18 Value-Chain Analysis
Figure 19 Market: Porter’s Five Forces Analysis
Figure 20 Polyurethane Foam to Dominate the Market Between 2015 & 2020
Figure 21 Europe: the Largest Market for Fiber Glass Cold Insulation Materials, 2015
Figure 22 Polyurethane Foam Cold Insulation Market Size, By Region, 2015 vs 2020
Figure 23 Oil & Gas Industry Dominated the Overall Cold Insulation Market in 2014
Figure 24 Asia-Pacific to Witness the Fastest Growth in Hvac, 2015-2020
Figure 25 Asia-Pacific is the Fastest-Growing Market for Refrigeration, 2015 vs 2020, (USD Million)
Figure 26 RoW Projected to Be the Largest Market for C0ld Insulation Materials in the Oil & Gas Industry
Figure 27 Asia-Pacific is Projected to Be the Fastest-Growing Market for Chemicals 2015 vs 2020 (USD Million)
Figure 28 Rapid Growth Markets are Emerging as New Strategic Locations
Figure 29 Market in Asia-Pacific has the Highest Growth Potential
Figure 30 China the Fastest-Growing Market in Asia-Pacific
Figure 31 North America: the Second-Fastest Growing Market, 2015–2020
Figure 32 Germany is the Most Lucrative Market in Europe
Figure 33 RoW is Projected to Witness High Growth, 2015-2020
Figure 34 Companies Primarily Adopted Organic Growth Strategies
Figure 35 Developmental Share, By Company, 2010–2015
Figure 36 Regional Revenue Mix of Major Market Players
Figure 37 Huntsman Corporation: Company Snapshot
Figure 38 SWOT Analysis
Figure 39 Armacell International Holding GmbH: Company Snapshot
Figure 40 SWOT Analysis
Figure 41 BASF SE.: Company Snapshot
Figure 42 SWOT Analysis
Figure 43 The Dow Chemicals Company: Company Snapshot
Figure 44 SWOT Analysis
Figure 45 Owens Corning: Company Snapshot
Figure 46 SWOT Analysis
Figure 47 Bradford Insulation Industries Ltd: Company Snapshot
Figure 48 Dongsung Finetec Corporation: Company Snapshot
Figure 49 Aspen Aerogel Inc.: Company Snapshots
Figure 50 Bayer Materialscience: Company Snapshot
Figure 51 Pittsburgh Corning Corporation.: Company Snapshot

Cold Insulation materials are used to prevent heat loss or heat gain to conserve the valuable energy. These materials have the ability to save the environment from ozone layer depletion and emission of greenhouse gases as they are high on hydrocholorofluorocarbons (HCFCs). Cold insulation is a technology that is used to reduce energy leakages from infrastructure to improve energy efficiency. Cold insulation materials are used for temperatures from 15°C to -275°C.

Strict laws for energy conservation, environment protection, and sustainable development drives the demand for insulation products. Strict environmental regulations and low CFCs content are the key factors driving the cold insulation growth in mature markets, such as Europe and North America. Moreover increased initiative taken by the government regarding lowering the emission of greenhouse gases are the reason for the growth of the cold insulation market particularly in developing nations. The major resistance faced by the cold market is the volatile raw material prices.

The cold insulation market size is projected to reach USD 5.7 Billion by 2020, signifying a firm annualized growth rate of 7.8% between 2015 and 2020.

Global market has been segmented on the basis of material (Fiber glass, Phenolic foam, Polyurethane foam, Polystyrene foam, and others), end-use industries (Oil & gas, Chemicals, Refrigeration, HVAC, and others), and regions (North America, Asia-Pacific, Europe, and RoW).

Among the aforesaid end-use industries, oil & gas is the leading as well as the fastest-growing segment during the forecast period. In the oil & gas industry, cold insulation materials are used for insulation of storage tanks, where LNG is stored and in the liquefaction plant, where conversion of natural gas into liquid state is undertaken. The oil & gas segment is closely followed by chemicals segment in terms of growth rate. Chemical segment is the second fastest-growing end-use industry during the forecast period. Cold insulation materials are mainly used in petrochemical and industrial gases. These materials provide excellent insulation and reduce risk of damage or corrosion. Furthermore, they improve the process control and improve the energy efficiency of the chemical process. One of the major chemical application of cold insulation materials is industrial gas processing. The demand for cold insulation materials from this application is likely to grow at a very fast pace.

The polyurethane foam is estimated to be the fastest-growing material between 2015 and 2020 as it is widely used in refrigeration segment, one of the largest end-use industry of cold insulation market. Currently, Asia-Pacific is the biggest and the fastest-growing market for cold insulation. Rapid growth of end-use industries, such as, oil & gas, chemical, HVAC, and cryogenic equipment in Asia-Pacific is leading to significant rise in the market. Moreover low costs to set up manufacturing facilities are driving the growth of market in the region.

The leading players of the market include BASF SE (Germany), Armacell International Holding Gmbh (Germany), The DOW Chemical Company (U.S.), Owens Corning (U.S.) Bayer MaterialScience (Germany), and Huntsman Corporation (U.S.).

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