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Cryogenic Insulation Market by Type (PU & PIR, Cellular Glass, Polystyrene, Fiberglass, Perlite), Cryogenic Equipment (Tanks, Valves), End-Use Industry (Energy & Power, Chemicals, Metallurgical, Electronics, Shipping) - Global Forecast to 2023

Cryogenic Insulation Market by Type (PU & PIR, Cellular Glass, Polystyrene, Fiberglass, Perlite), Cryogenic Equipment (Tanks, Valves), End-Use Industry (Energy & Power, Chemicals, Metallurgical, Electronics, Shipping) - Global Forecast to 2023

“Rising demand for liquefied natural gas as fuel is expected to drive the cryogenic insulation market.”
The cryogenic insulation market is estimated to be USD 2.3 billion in 2018 and is projected to reach USD 3.3 billion by 2023, at a CAGR of 7.20% between 2018 and 2023. The cryogenic insulation market is largely driven by the rising demand for liquefied natural gas as fuel. Transportation and storage of LNG is the major application of cryogenic insulation in the energy and power sector. Since a major share of the market is held by this segment, LNG applications are considered to have a great impact on the market during the forecast period. LNG consumption is expected to increase further in the future due to environmental regulations regarding carbon dioxide emission and marine shipping vessels. Rising demand for LNG in various sectors such as automotive, domestic & commercial fuel, and power generation is expected to boost natural gas exploration and production, thereby, driving the growth of the cryogenic insulation market. In future, due to increase in LNG terminals, storage tanks, and ships carrying LNG, a substantial amount of insulating materials will be required, which is projected to drive the cryogenic insulation market. However, volatile raw material price is a major restraint for the growth of the market.

“The PU & PIR segment is expected to be the second-fastest growing type in the cryogenic insulation market, in terms of value, from 2018 to 2023.”
The PU & PIR segment is expected to witness the highest growth, in terms of value, from 2018 to 2023. PUR & PIR foams are lightweight, moisture and fire resistant, and have low thermal conductivity and density. They also provide better structural performance. These properties enable their use in cryogenic conditions. They are used in various applications such as cold storage building, coolers, freezers, tank & pipe insulation, and household refrigerators.

“The energy & power end-use industry is projected to account for the largest share of the overall cryogenic insulation market, in terms of value, between 2018 and 2023.”
Energy & power is the largest market for cryogenic insulation materials. In energy & power, these materials are used for insulation of storage tanks, where LNG is stored, and in liquefaction plant, where conversion of natural gas into its liquid state is undertaken. These storage tanks can also be used for storage of other liquefied gases including butane, ammonia, chlorine, propane, propylene, carbon dioxide, LNG, LPG, ethylene, oxygen, argon, nitrogen, and hydrogen. This insulation system limits the entry of outside heat inside the process pipes and systems to keep the liquid cool and allowing it to retain its properties.

“APAC is expected to be the third-fastest growing cryogenic insulation market during the forecast period, in terms of value.”
The APAC cryogenic market is estimated to witness considerable growth owing to rising demand for storing and transporting cryogenic fluids in a wide range of end-use industries such as chemicals, shipbuilding, electronics, and energy & power. Rising demand for LNG and increasing investment in the energy sector is expected to drive the cryogenic insulation market in the region during the forecast period.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
By Company Type: Tier 1 - 46%, Tier 2 - 31%, and Tier 3 - 23%
By Designation: C-Level - 46%, Director Level - 27%, and Others - 27%
By Region: North America - 33%, Europe - 27%, APAC - 27%, Middle East & Africa - 6%, and South America - 7%

Key players profiled in the report include Armacell International Holding GmbH (Germany), Lydall Inc. (US), BASF SE (Germany), Cabot Corporation (US), Rochling Group (Germany), and Johns Manville Inc. (US).

Research Coverage
This report segments the market for cryogenic insulation on the basis of type, form, cryogenic equipment, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and agreements associated with the market for cryogenic insulation.

Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the cryogenic insulation market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
Market Penetration: Comprehensive information on cryogenic insulation offered by top players in the global cryogenic insulation market

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the cryogenic insulation market

Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for cryogenic insulation across regions

Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global cryogenic insulation market

Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the cryogenic insulation market


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • REGIONS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE CRYOGENIC INSULATION MARKET
    • APAC CRYOGENIC INSULATION MARKET, BY END-USE INDUSTRY AND COUNTRY
    • CRYOGENIC INSULATION MARKET, BY REGION
    • CRYOGENIC INSULATION MARKET, BY REGION AND END-USE INDUSTRY
    • CRYOGENIC INSULATION MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • OPPORTUNITIES
      • RESTRAINTS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF SUBSTITUTES
      • THREAT OF NEW ENTRANTS
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • MACROECONOMIC INDICATORS
      • GDP FORECAST OF MAJOR ECONOMIES
        • Table TRENDS AND FORECAST OF GDP, BY COUNTRY, 2017–2022 (USD BILLION)
      • TRENDS AND FORECAST OF THE NATURAL GAS INDUSTRY
  • CRYOGENIC INSULATION MARKET, BY TYPE
    • INTRODUCTION
      • Table CRYOGENIC INSULATION MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
    • PU & PIR
      • RISING DEMAND FOR LNG TRANSPORTATION & STORAGE IS DRIVING THE DEMAND FOR PU & PIR CRYOGENIC INSULATION IN APAC
        • Table PU & PIR CRYOGENIC INSULATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • CELLULAR GLASS
      • HIGH DEMAND FOR STORAGE TANKS BOOSTS THE GROWTH OF THE CELLULAR GLASS SEGMENT
        • Table CELLULAR GLASS CRYOGENIC INSULATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • POLYSTYRENE
      • APAC IS PROJECTED TO DRIVE THE MARKET FOR POLYSTYRENE CRYOGENIC INSULATION
        • Table POLYSTYRENE CRYOGENIC INSULATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • FIBERGLASS
      • INCREASING SCOPE OF APPLICATION IS DRIVING THE DEMAND FOR FIBERGLASS CRYOGENIC INSULATION
        • Table FIBERGLASS CRYOGENIC INSULATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • PERLITE
      • RISING DEMAND FOR LNG IS EXPECTED TO DRIVE THE DEMAND FOR PERLITE CRYOGENIC INSULATION
        • Table PERLITE CRYOGENIC INSULATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS
      • Table OTHER CRYOGENIC INSULATIONS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • CRYOGENIC INSULATION MARKET, BY FORM
    • INTRODUCTION
      • Table CRYOGENIC INSULATION MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
    • MULTI-LAYER
      • MULTI-LAYER SEGMENT TO ACCOUNT FOR THE LARGEST SHARE
    • FOAM
      • INCREASING APPLICATIONS TO DRIVE THE MARKET FOR FOAM CRYOGENIC INSULATIONS
    • BULK-FILL
      • GROWING DEMAND FOR LNG TRANSPORTATION AND STORAGE WILL DRIVE THE MARKET FOR BULK-FILL CRYOGENIC INSULATIONS
  • CRYOGENIC INSULATION MARKET, BY CRYOGENIC EQUIPMENT
    • INTRODUCTION
      • Table CRYOGENIC INSULATION MARKET SIZE, BY CRYOGENIC EQUIPMENT, 2016–2023 (USD MILLION)
    • TANKS
      • RISING DEMAND FOR STORAGE AND TRANSPORT OF LNG TO INCREASE THE DEMAND FOR TANKS
        • Table TANKS: CRYOGENIC INSULATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • VALVES
      • RISING DEMAND FOR TRANSPORT OF LIQUEFIED GASES TO DRIVE THE DEMAND FOR CRYOGENIC INSULATION IN VALVES
        • Table VALVES: CRYOGENIC INSULATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • VAPORIZERS
      • INCREASING NUMBER OF REGASIFICATION UNITS IS EXPECTED TO DRIVE THE DEMAND FOR VAPORIZERS
        • Table VAPORIZERS: CRYOGENIC INSULATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • PUMPS
      • INCREASE IN LNG PROJECTS AND IMPORT TERMINALS WILL BOOST THE DEMAND FOR PUMPS
        • Table PUMP: CRYOGENIC INSULATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS
      • Table OTHER EQUIPMENT: CRYOGENIC INSULATION MARKET SIZE, BY REGION, 2018–2023 (USD MILLION)
  • CRYOGENIC INSULATION MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
    • ENERGY & POWER
      • ENERGY & POWER SEGMENT ACCOUNTED FOR THE LARGEST CONSUMPTION OF CRYOGENIC INSULATION
        • Table CRYOGENIC INSULATION MARKET SIZE IN ENERGY & POWER, 2016–2023 (USD MILLION)
    • CHEMICALS
      • GROWING CHEMICAL INDUSTRY IN EMERGING ECONOMIES TO DRIVE THE DEMAND FOR CRYOGENIC INSULATION
        • Table CRYOGENIC INSULATION MARKET SIZE IN CHEMICALS, BY REGION, 2016–2023 (USD MILLION)
    • METALLURGICAL
      • INCREASING SPENDING ON INFRASTRUCTURE TO DRIVE THE DEMAND FOR CRYOGENIC INSULATION IN METALLURGICAL INDUSTRY
        • Table CRYOGENIC INSULATION MARKET SIZE IN METALLURGICAL, BY REGION, 2016–2023 (USD MILLION)
    • ELECTRONICS
      • GROWING ELECTRONICS INDUSTRY IN APAC IS EXPECTED TO DRIVE THE DEMAND FOR CRYOGENIC INSULATION
        • Table CRYOGENIC INSULATION MARKET SIZE IN ELECTRONICS, BY REGION, 2016–2023 (USD MILLION)
    • SHIPPING
      • RISING DEMAND FOR LNG AS FUEL TO DRIVE THE DEMAND FOR CRYOGENIC INSULATION IN SHIPPING INDUSTRY
        • Table CRYOGENIC INSULATION MARKET SIZE IN SHIPPING, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS
      • Table CRYOGENIC INSULATION MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016–2023 (USD MILLION)
  • CRYOGENIC INSULATION MARKET, BY REGION
    • INTRODUCTION
      • Table CRYOGENIC INSULATION MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • APAC
      • Table APAC: CRYOGENIC INSULATION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table APAC: CRYOGENIC INSULATION MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • Table APAC: CRYOGENIC INSULATION MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
      • Table APAC: CRYOGENIC INSULATION MARKET SIZE, BY CRYOGENIC EQUIPMENT, 2016–2023 (USD MILLION)
      • Table APAC: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • CHINA
        • Table CHINA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • INDIA
        • Table INDIA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • AUSTRALIA
        • Table AUSTRALIA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • JAPAN
        • Table JAPAN: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • MALAYSIA
        • Table MALAYSIA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: CRYOGENIC INSULATION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table EUROPE: CRYOGENIC INSULATION MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • Table EUROPE: CRYOGENIC INSULATION MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
      • Table EUROPE: CRYOGENIC INSULATION MARKET SIZE, BY CRYOGENIC EQUIPMENT, 2016–2023 (USD MILLION)
      • Table EUROPE: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • UK
        • Table UK: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • FRANCE
        • Table FRANCE: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • GERMANY
        • Table GERMANY: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: CRYOGENIC INSULATION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: CRYOGENIC INSULATION MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: CRYOGENIC INSULATION MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: CRYOGENIC INSULATION MARKET SIZE, BY CRYOGENIC EQUIPMENT, 2016–2023 (USD MILLION)
      • Table NORTH AMERICA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • US
        • Table US: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • CANADA
        • Table CANADA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • MEXICO
        • Table MEXICO: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: CRYOGENIC INSULATION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: CRYOGENIC INSULATION MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: CRYOGENIC INSULATION MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: CRYOGENIC INSULATION MARKET SIZE, BY CRYOGENIC EQUIPMENT, 2016–2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: CRYOGENIC INSULATION MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • QATAR
        • Table QATAR: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • UAE
        • Table UAE: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • NIGERIA
        • Table NIGERIA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • ALGERIA
        • Table ALGERIA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: CRYOGENIC INSULATION MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table SOUTH AMERICA: CRYOGENIC INSULATION MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • Table SOUTH AMERICA: CRYOGENIC INSULATION MARKET SIZE, BY FORM, 2016–2023 (USD MILLION)
      • Table SOUTH AMERICA: CRYOGENIC INSULATION MARKET SIZE, BY CRYOGENIC EQUIPMENT, 2016–2023 (USD MILLION)
      • Table SOUTH AMERICA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
      • VENEZUELA
        • Table VENEZUELA: CRYOGENIC INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MAJOR MARKET PLAYERS
      • ARMACELL
      • LYDALL
      • BASF
      • CABOT CORPORATION
      • ROCHLING GROUP
    • COMPETITIVE SCENARIOS
      • AGREEMENT
        • Table AGREEMENT, 2013–2018
      • NEW PRODUCT LAUNCH
        • Table NEW PRODUCT LAUNCH, 2013–2018
  • COMPANY PROFILES
    • ARMACELL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • LYDALL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BASF
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • CABOT CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ROCHLING GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • JOHNS MANVILLE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • DUNMORE CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • PITTSBURGH CORNING CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • IMERYS MINERALS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ASPEN AEROGELS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • ISOVER (SAINT GOBAIN)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • HERTEL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • AMOL DICALITE LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • G+H GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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