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Global Cold Insulation Market to reach USD 10.39 billion by 2028.

Global Cold Insulation Market Size study, by Material (Fiber Glass, Phenolic Foams, Polystyrene Foams, Polyurethane Foams, and Others), by End-Use Industry (Chemicals, HVAC, Oil & Gas, Refrigeration, and Others) and Regional Forecasts 2022-2028

Product Code: CMAM-62314332
Publish Date: 14-08-2022
Page: 200

Global Cold Insulation Market is valued approximately USD 6.14 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.80% over the forecast period 2022-2028. Insulation materials are materials or mixtures of two or more materials that may be utilised to limit heat loss or gain and so retain precious energy. These materials may be made in any size and form depending on the purpose. Insulation is the least expensive way to mitigate climate change. Insulating materials can shield the environment from damaging greenhouse gases. When insulation is installed properly, it reduces heat movement and can reduce cooling demand by up to 75%. The materials listed here can be employed in temperatures ranging from 15oC to -275°C and are categorised as cold insulating materials. The worldwide oil and gas sector is one of the largest users of cold insulation materials, owing to the increasing usage of cryogenic insulation equipment in a wide range of industrial applications. End users of oil and gas are increasing their usage of effective cold insulation materials in cryogenic operations where very low temperatures must be maintained while minimising energy loss. This is one of the most important elements that would likely affect the global cold insulation market’s growth trends. On the other hand, increased awareness of the negative environmental effect of oil and gas industrial operations as well as cold insulation materials is driving oil and gas industry participants to convert to environmentally friendly alternatives to traditional cold insulation materials. The increasing usage of cryogenic gases such as Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG) is increasing demand for cold insulating materials with a low carbon footprint, which will increase sales potential in the worldwide market. The high cost of Cold Insulation, on the other hand, stifles market expansion over the projection period of 2022-2028.

The key regions considered for the Global Cold Insulation Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe is expected to be the leading region for the cold insulation market during the forecast period, owing to the area’s significant rise in end-use sectors such as construction, oil and gas, refrigeration, HVAC, and chemicals. Climate conditions in most European nations also contribute to the expansion of the cryogenic equipment business in the cold insulation market. Due to the cheap cost of setting up production facilities and the region’s easy availability of feedstock, Asia-Pacific is expected to be the fastest-growing market throughout the projection period. Furthermore, the region’s low skilled labour salaries make it easier for businesses to keep operational costs under control. Other causes for Asia-rapid Pacific’s expansion include lower power and water prices.

Major market player included in this report are:
Armacell International Holding Gmbh
The DOW Chemical Company
Owens Corning
Bayer MaterialScience
Huntsman Corporation
Evonik Industries
Aspen Aerogels
Dongsung FineTec Co. Ltd.
Certain Teed Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Fiber Glass
Phenolic Foams
Polystyrene Foams
Polyurethane Foams
By End-Use Industry
Oil & Gas

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Cold Insulation Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Cold Insulation Market, by Region, 2020-2028 (USD Billion)
1.2.2. Cold Insulation Market, by Material, 2020-2028 (USD Billion)
1.2.3. Cold Insulation Market, by End Use Industry, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cold Insulation Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cold Insulation Market Dynamics
3.1. Cold Insulation Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Government support to increase the energy efficiency of public infrastructure Growing demand for air conditioning and refrigerating devices
3.1.2. Market Challenges High Cost of Cold Insulation
3.1.3. Market Opportunities Rising concerns regarding greenhouse gas emissions
Chapter 4. Global Cold Insulation Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Cold Insulation Market, by Material
6.1. Market Snapshot
6.2. Global Cold Insulation Market by Material, Performance – Potential Analysis
6.3. Global Cold Insulation Market Estimates & Forecasts by Material 2018-2028 (USD Billion)
6.4. Cold Insulation Market, Sub Segment Analysis
6.4.1. Fiber Glass
6.4.2. Phenolic Foams
6.4.3. Polystyrene Foams
6.4.4. Polyurethane Foams
6.4.5. Others
Chapter 7. Global Cold Insulation Market, by End Use Industry
7.1. Market Snapshot
7.2. Global Cold Insulation Market by End Use Industry, Performance – Potential Analysis
7.3. Global Cold Insulation Market Estimates & Forecasts by End Use Industry 2018-2028 (USD Billion)
7.4. Cold Insulation Market, Sub Segment Analysis
7.4.1. Chemicals
7.4.2. HVAC
7.4.3. Oil & Gas
7.4.4. Refrigeration
7.4.5. Others
Chapter 8. Global Cold Insulation Market, Regional Analysis
8.1. Cold Insulation Market, Regional Market Snapshot
8.2. North America Cold Insulation Market
8.2.1. U.S. Cold Insulation Market Material breakdown estimates & forecasts, 2018-2028 End Use Industry breakdown estimates & forecasts, 2018-2028
8.2.2. Canada Cold Insulation Market
8.3. Europe Cold Insulation Market Snapshot
8.3.1. U.K. Cold Insulation Market
8.3.2. Germany Cold Insulation Market
8.3.3. France Cold Insulation Market
8.3.4. Spain Cold Insulation Market
8.3.5. Italy Cold Insulation Market
8.3.6. Rest of Europe Cold Insulation Market
8.4. Asia-Pacific Cold Insulation Market Snapshot
8.4.1. China Cold Insulation Market
8.4.2. India Cold Insulation Market
8.4.3. Japan Cold Insulation Market
8.4.4. Australia Cold Insulation Market
8.4.5. South Korea Cold Insulation Market
8.4.6. Rest of Asia Pacific Cold Insulation Market
8.5. Latin America Cold Insulation Market Snapshot
8.5.1. Brazil Cold Insulation Market
8.5.2. Mexico Cold Insulation Market
8.6. Rest of The World Cold Insulation Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. BASF SE Key Information Overview Financial (Subject to Data Availability) Material Summary Recent Developments
9.2.2. Armacell International Holding Gmbh
9.2.3. The DOW Chemical Company
9.2.4. Owens Corning
9.2.5. Bayer MaterialScience
9.2.6. Huntsman Corporation
9.2.7. Evonik Industries
9.2.8. Aspen Aerogels
9.2.9. Dongsung FineTec Co. Ltd.
9.2.10. Certain Teed Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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