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Asia-Pacific Cold Insulation Material Market worth $1,585.5 Million by 2019
The report "Asia-Pacific Cold Insulation Material Market by Type (Fiber Glass, Polyurethane Foam, Polystyrene Foam, Phenolic Foam & Others) &Application (HVAC, Oil & Gas, Refrigeration, Chemicals & Others) - Trends & Forecasts to 2019", defines and segments the cold insulation material market with an analysis and forecast of the cold insulation material market sizes in terms of value. The Asia-Pacific cold insulation material market size in terms of value is expected to grow to $1585.5 million by 2019, at a CAGR of 8.0% from 2014 to 2019.
Browse 43 market data tables and 52 figures spread through 111 pages and in-depth TOC on “Asia-Pacific Cold Insulation Material Market by Type (Fiber Glass, Polyurethane Foam, Polystyrene Foam, Phenolic Foam & Others) &Application (HVAC, Oil & Gas, Refrigeration, Chemicals & Others) - Trends & Forecasts to 2019”
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The Asia-Pacific cold insulation material market is mainly driven by growing Asia-Pacific cold chain market and by the rapid industrialization in emerging economies of Asia-Pacific such as China, India, and Japan. Growing cryogenic insulation demand in oil & gas is also contributing to market growth. Long-term growth drivers include increase in demand of cooling equipment in Asia-Pacific and development of eco-friendly cold insulation materials.
High price of some of the cold insulation materials is a major restraint in the market as various small-scale industries are not able to afford it. Another factor is the stringent government regulations regarding some of the cold-insulation materials which cause health hazards. However, high activity in oil & gas, construction, and chemical sectors are expected to play a major role in the increased demand for cold insulation material in the near future. The leading players in the market include BASF SE (Germany), Huntsman Corporation (U.S.), Kingspan plc (Ireland), Rockwool International A/S (Denmark), and Armacell International Holding (Luxembourg) among several others.
The report covers the Asia-Pacific cold insulation material market and its trends concerning five countries, namely, China, India, Japan, Australia & New Zealand, South Korea, and Rest of the Asia-Pacific. The various applications of cold insulation materials such as oil & gas, chemicals, HVAC, refrigeration, and others are covered along with their estimated market sizes in terms of value and consumption trends. Various types of cold insulation material such as fiber glass, PU/PIS foam, polystyrene foam, phenolic foam, and others have also been identified.
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