Asia Pacific Cold Insulation Market
By Type (Fiber Glass, Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Rubber, Polyethylene Foam and Others); By Application (HVAC, Chemicals, Oil and Gas, Refrigeration and Others) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030.
Insulation is a material or a mixture of two or more materials that can be used to conserve the useful energy to avoid heat loss or heat gain. Cold insulation serves as a heat flow buffer and reduces the issue of condensing the moisture in heat systems. The material can be made available in any size, forms depending on different applications.
Isolating products are capable of shielding the atmosphere from harmful greenhouse gases. Insulation also increases system operating efficiency where it is installed.
Asia Pacific Cold Insulation Market size was registered at USD XX billion in 2019, and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. As a result of rapid industrialization, economic development and changing lifestyles, production and consumption levels in the Asia-Pacific region have increased rapidly, which is a major driver of cold insulation material in the region.
Asia Pacific Cold Insulation Market: Segments
The Asia Pacific Cold Insulation Market is segmented on the basis of ingredients, application, technology and region.
By type (in %), Asia Pacific Cold Insulation Market, 2019
The polystyrene foam segment is anticipated to register XX% of the market share during the forecasted period.
By type, it is categorized into Fiber Glass, Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Rubber, Polyethylene Foam and Others.
Polystyrene foam is projected to be the dominating segment on the market, since polystyrene is a waterproof thermoplastic foam that acts as an excellent insulation material for temperatures. Furthermore, its superior compressive and tensile strength makes it the most suitable material in the packaging and consumer goods industries.
Asia Pacific Cold Insulation Market Dynamics:
Industrialization and economic development to act as driving forces in the market
As a result of rapid industrialization, economic development and changing lifestyles, production and consumption levels in the Asia-Pacific region have increased rapidly, which is a major driver of cold insulation material in the region. Increasing demand for cooling equipment in APAC and rising demand for cryogenic oil & gas insulation also driving the demand for cold insulation material.
High prices and strict government regulations to hamper the market growth
The high price of some of the cold insulation materials is a major market restraint, as different small-scale industries cannot afford it. Another factor is the strict government regulations on some of the cold-insulation materials that cause hazards to the health.
Asia Pacific Cold Insulation Market: Regions
In terms of value and volume, APAC accounted for XX% of total market volume share in 2019
APAC is the fastest growing market, owing primarily to its large-scale refrigerant and cryogenic equipment markets; in addition, Asian countries are raising their polyurethane and phenolic foam insulation products to meet growing demands.
India and Japan, after China, are the two main Asian countries showing strong growth in the cold-insulation industry. With widespread application in the chemical, refrigeration, oil and gas and HVAC market, Asia Pacific has shown immense growth in the Cold Isolation market.
Low cost of setting up a manufacturing plant, relatively cheap and skilled labor and low operating costs have all played a major role in boosting the Asian Cold Insulation market’s growth rate.
Asia Pacific Cold Insulation Market: Competitive landscape
Some factors that improve the role in the market of the key players within the cold insulation market have been the diversified applications, cheap and skilled labor, the continuous execution of corporate strategy and low manufacturing plant setting cost.
Asia Pacific Cold Insulation Market: Key players
• Nichias Corporation (Japan)
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Armacell International Holding (Luxembourg)
• Dongsung Finetc Corporation (Korea)
• Uralita Group
• Knauf insulation
• Kingspan group
• Aspen Aerogel
• Rockwool International
• Other prominent players
The Asia Pacific Cold Insulation Market report also contains analysis on:
• Asia Pacific Cold Insulation Market segments:-
• By Type:
o Fiber Glass
o Polyurethane Foam
o Polystyrene Foam
o Phenolic Foam
o Polyethylene Foam
• By Application:
o Oil & Gas
• Asia Pacific Cold Insulation Market dynamics
• Asia Pacific Cold Insulation Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints