Asia-Pacific Tank Insulation Market – Industry Trends and Forecast to 2026
Asia-Pacific Tank Insulation Market is expected to reach at a CAGR of 6.1% in the forecast period of 2019 to 2026. The market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
By Type (Storage, Transportation), Material Type (Expanded Polystyrene (EPS), Rockwool, Cellular Glass, Fiberglass, Elastomeric Foam, Polyurethane (PU), Others), Temperature (Hot Insulation, Cold Insulation), Tank Type (Vertical Tank, Horizontal Tank, Fixed Tank, Mounted Tank), Tank Ends (Parabolic Dish, Flat), End-User (Oil & Gas, Energy and Power, Chemical, Food and Beverages, Water Purification, Wastewater Purification, Others), Countries (China, India, South Korea, Japan, Australia, Malaysia, Singapore, Thailand, Indonesia, Philippines and Rest of Asia-Pacific)
Major growing sectors under the market segmentation are as follows:
• In type, the storage segment is growing at the highest CAGR since the demand for storing oil & gas, chemicals, food, beverages and others is more rather than its transportation
• In material type, the polyurethane segment is growing at the highest CAGR since polyurethane has important properties i.e. it is easily available, light-weighted, low density, low thermal conductivity, is moisture & fire resistant
• In temperature, the cold Insulation segment is growing at the highest CAGR since they are moisture resistant with minimum heat loss
• In tank type, the vertical tank segment is growing at the highest CAGR since the storage process in vertical tanks is more appropriate rather than any other tank type
• In tank ends, the parabolic dish segment is growing at the highest CAGR since it helps in maintaining the temperature from low to medium and high as per the requirement
In end-user, the oil & gas segment is growing at the highest CAGR due to the increase in industrialization sectors because of rise in demand for LNG and increased investments in the oil & gas sectors
Key Market Players
The key market players for Asia-Pacific tank insulation market are listed below:
• The Dow Chemical Company
• Huntsman International LLC
• Kingspan Group
• ARMACELL LLC
• Cabot Corporation
• Corrosion Resistant Technologies, Inc.
• GILSULATE INTERNATIONAL, INC.
• Gulf Cool Therm Factory LTD
• ITW INSULATION SYSTEMS
• J.H. Ziegler GmbH
• Knauf Insulation
• Mayes Coatings & Insulation, Inc.
• Johns Manville
• PolarClad Tank Insulation
• Röchling Group
• ROCKWOOL International A/S
• SPX Transformer Solutions Inc.
• T.F.WARREN GROUP
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