Europe Refrigeration Insulation Materials Market Research Report Forecast to 2028

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The Europe refrigeration insulation materials market was valued at USD 1,614.65 million in 2020 and is expected to register a CAGR of 4.88% to reach USD 2,362.16 million by the end of 2028.

Description

Europe Refrigeration Insulation Materials Market Research Report Forecast to 2028

Market Overview

The Europe refrigeration insulation materials market was valued at USD 1,614.65 million in 2020 and is expected to register a CAGR of 4.88% to reach USD 2,362.16 million by the end of 2028. In terms of volume, the market was pegged at 369.10 kilotons in 2020 and the demand is projected to reach 495.96 kilotons by the end of 2028. Insulation is a material or a blend of two or more materials that can be used to avoid heat loss or heat gain to save valuable energy.

The material is available in any size or shapes for different applications. Refrigeration insulation materials lower refrigeration equipment operating costs. Insulation in an industrial refrigeration system helps to limit heat gains, ensuring that the compressor load does not become excessive.

It connects the evaporator, accompanying vessels, compressor, and auxiliary equipment through piping. Insulation is also used to prevent condensation and ice formation, save energy, and prevent corrosion. As a result, refrigeration insulation materials are critical for effective cooling.

The key factor driving the growth of the Europe refrigeration insulation materials market is the growing demand from key end-users such as aerospace & defense, wind energy, and automotive industries. The demand for cryogenic applications and the growing demand for commercial refrigeration is driving the Europe refrigeration insulation materials market.

Nevertheless, the robust demand for eco-friendly insulation material and new product launches from key manufacturers are likely to create extensive market growth opportunities.

Market Segmentation

The Europe refrigeration insulation materials market has been segmented by type, application, and region. Based on type, the market has been segmented into extruded polystyrene, cellular glass, polyisocyanurate (PIR), polyurethane (PU), elastomeric foam, and others
Based on end-use, the market has been segmented into aerospace & defense, automotive & transportation, electrical & electronics, building & construction, wind energy, and others.

Regional Analysis

The increase in demand for refrigeration insulation in Europe will be driven by measures for greenhouse gas emissions reduction, cost efficiency, expanding food & beverage industry, high demand from commercial refrigeration, and government regulations on energy-efficient buildings. Europe is the largest market for refrigeration material globally, followed by North America.

The implementation of the revised EU legislation on insulation material is expected to boost the penetration of refrigeration insulation in the region and will increase the amount of insulation needed as per end-user requirements. Further, there are many companies and SMEs in Europe that manufacture and supply insulation materials.

For example, the polyurethane insulation industry in Europe involves about 61,800 companies. The expanded polystyrene industry is most fragmented, with around 20 raw material producers and around 1000 converting companies.

Major Players

Kingspan Groups PLC (Ireland), Armacell International Holding Gmbh (Germany), JOHNS MANVILLE (US), L’ISOLANTE K-FLEX S.p.A (Italy), BASF SE(Germany), ETEX (Belgium), Knauf Insulation (US), Rockwool International (Denmark), Zotefoams Plc (United Kingdom), Huntsman Corporation (US), Owens Corning (US), Liebherr Group (Germany), and NMC International SA (Luxembourg) are the key players operating in the Europe refrigeration insulation material market.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market.

Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 EUROPE REFRIGERATION INSULATION MATERIALS MARKET, BY TYPE
1.2 EUROPE REFRIGERATION INSULATION MATERIALS MARKET, BY END-USE
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING DEMAND FOR CRYOGENIC APPLICATIONS
4.2.2 GROWING DEMAND FOR COMMERCIAL REFRIGERATION
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 GOVERNMENT REGULATIONS ON INSULATION MATERIALS
4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 GROWING EMPHASIS ON PRODUCT LAUNCHES
4.4.2 DEVELOPMENT OF EFFECTIVE AND ECO-FRIENDLY MATERIALS
4.5 CHALLENGES
4.5.1 FLUCTUATING PRICES OF RAW MATERIALS
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIAL SUPPLIERS
5.1.1.1 EXTRUDED POLYSTYRENE
5.1.1.2 CELLULAR GLASS
5.1.1.3 POLYISOCYANURATE
5.1.1.4 POLYURETHANE
5.1.1.5 ELASTOMERIC FOAM
5.1.2 REFRIGERATION INSULATION MATERIALS PRODUCERS
5.1.3 DISTRIBUTION & SALES CHANNEL
5.1.4 END USE INDUSTRY
5.2 PORTER’S FIVE FORCES ANALYSIS
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 RIVALRY
5.3 IMPACT OF COVID 19 OUTBREAK ON EUROPE REFRIGERATION INSULATION MATERIALS MARKET
5.3.1 IMPACT ON GLOBAL ECONOMY
5.3.2 IMPACT ON SUPPLY CHAIN OF EUROPE REFRIGERATION INSULATION MATERIALS
5.3.3 QUALITATIVE ANALYSIS ON CHANGES IN DEMAND FROM END USERS
5.3.3.1 FOOD & BEVERAGES
5.3.3.2 PHARMACEUTICALS
5.3.3.3 CHEMICALS
5.3.3.4 OIL & GAS
5.3.3.5 HVAC
5.3.3.6 RESIDENTIAL
5.4 TECHNOLOGY OVERVIEW
5.4.1 DEVELOPMENTS & TRENDS
6 EUROPE REFRIGERATION INSULATION MATERIALS MARKET, BY TYPE
6.1 OVERVIEW
6.1.1 REFRIGERATION INSULATION MATERIALS: MARKET ESTIMATES & FORECAST BY TYPE, 2019–2028
6.1.2 REFRIGERATION INSULATION MATERIALS: MARKET ESTIMATES & FORECAST BY TYPE, 2019–2028
6.2 EXTRUDED POLYSTYRENE
6.2.1 EXTRUDED POLYSTYRENE: MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
6.3 CELLULAR GLASS
6.3.1 CELLULAR GLASS: MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
6.4 POLYISOCYANURATE (PIR)
6.4.1 POLYISOCYANURATE (PIR): MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
6.5 POLYURETHANE (PU)
6.5.1 POLYURETHANE (PU): MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
6.6 ELASTOMERIC FOAM
6.6.1 ELASTOMERIC FOAM: MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
6.7 OTHERS
6.7.1 OTHERS: MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
7 EUROPE REFRIGERATION INSULATION MATERIALS MARKET, BY END-USER
7.1 OVERVIEW
7.1.1 REFRIGERATION INSULATION MATERIALS: MARKET ESTIMATES & FORECAST BY END-USER, 2019–2028
7.1.2 REFRIGERATION INSULATION MATERIALS: MARKET ESTIMATES & FORECAST BY END-USER, 2019–2028
7.2 FOOD & BEVERAGES
7.2.1 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
7.3 PHARMACEUTICALS
7.3.1 PHARMACEUTICALS: MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
7.4 CHEMICALS
7.4.1 CHEMICALS: MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
7.5 OIL & GAS
7.5.1 OIL & GAS: MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
7.6 HVAC
7.6.1 HVAC: MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
7.7 OTHERS
7.7.1 OTHERS: MARKET ESTIMATES & FORECAST BY COUNTRY,2019–2028
8 EUROPE REFRIGERATION INSULATION MATERIALS MARKET, BY COUNTRY
8.1 OVERVIEW
8.1.1 GERMANY
8.1.2 UK
8.1.3 FRANCE
8.1.4 SPAIN
8.1.5 ITALY
8.1.6 RUSSIA
8.1.7 POLAND
8.1.8 BENELUX
8.1.9 REST OF EUROPE
9 COMPETITIVE LANDSCAPE
9.1 INTRODUCTION
9.2 MARKET STRATEGY ANALYSIS
9.3 KEY DEVELOPMENTS & GROWTH STRATEGIES
9.4 COMPETITIVE BENCHMARKING
10 COMPANY PROFILES
10.1 BASF SE
10.1.1 COMPANY OVERVIEW
10.1.2 FINANCIAL OVERVIEW
10.1.3 PRODUCTS OFFERED
10.1.4 KEY DEVELOPMENTS
10.1.5 SWOT ANALYSIS
10.1.6 KEY STRATEGIES
10.2 HUNTSMAN INTERNATIONAL LLC
10.2.1 COMPANY OVERVIEW
10.2.2 FINANCIAL OVERVIEW
10.2.3 PRODUCTS OFFERED
10.2.4 KEY DEVELOPMENTS
10.2.5 SWOT ANALYSIS
10.2.6 KEY STRATEGIES
10.3 JOHNS MANVILLE
10.3.1 COMPANY OVERVIEW
10.3.2 FINANCIAL OVERVIEW
10.3.3 PRODUCTS OFFERED
10.3.4 KEY DEVELOPMENTS
10.3.5 SWOT ANALYSIS
10.3.6 KEY STRATEGIES
10.4 ETEX GROUP NV
10.4.1 COMPANY OVERVIEW
10.4.2 FINANCIAL OVERVIEW
10.4.3 PRODUCTS OFFERED
10.4.4 KEY DEVELOPMENTS
10.4.5 SWOT ANALYSIS
10.4.6 KEY STRATEGIES
10.5 KNAUF INSULATION
10.5.1 COMPANY OVERVIEW
10.5.2 FINANCIAL OVERVIEW
10.5.3 PRODUCTS OFFERED
10.5.4 KEY DEVELOPMENTS
10.5.5 SWOT ANALYSIS
10.5.6 KEY STRATEGIES
10.6 KINGSPAN GROUPS PLC
10.6.1 COMPANY OVERVIEW
10.6.2 FINANCIAL OVERVIEW
10.6.3 PRODUCTS OFFERED
10.6.4 KEY DEVELOPMENTS
10.6.5 SWOT ANALYSIS
10.6.6 KEY STRATEGIES
10.7 ARMACELL INTERNATIONAL HOLDING GMBH
10.7.1 COMPANY OVERVIEW
10.7.2 FINANCIAL OVERVIEW
10.7.3 PRODUCTS OFFERED
10.7.4 KEY DEVELOPMENTS
10.7.5 SWOT ANALYSIS
10.7.6 KEY STRATEGIES
10.8 ROCKWOOL INTERNATIONAL, LLC
10.8.1 COMPANY OVERVIEW
10.8.2 FINANCIAL OVERVIEW
10.8.3 PRODUCTS OFFERED
10.8.4 KEY DEVELOPMENT
10.8.5 SWOT ANALYSIS
10.8.6 KEY STRATEGIES
10.9 ZOTEFOAMS PLC
10.9.1 COMPANY OVERVIEW
10.9.2 FINANCIAL OVERVIEW
10.9.3 PRODUCTS OFFERED
10.9.4 KEY DEVELOPMENTS
10.9.5 SWOT ANALYSIS
10.9.6 KEY STRATEGIES
10.10 LIEBHERR GROUP
10.10.1 COMPANY OVERVIEW
10.10.2 FINANCIAL OVERVIEW
10.10.3 PRODUCTS OFFERED
10.10.4 KEY DEVELOPMENTS
10.10.5 SWOT ANALYSIS
10.10.6 KEY STRATEGIES
10.11 OWENS CORNING
10.11.1 COMPANY OVERVIEW
10.11.2 FINANCIAL OVERVIEW
10.11.3 PRODUCTS OFFERED
10.11.4 KEY DEVELOPMENTS
10.11.5 SWOT ANALYSIS
10.11.6 KEY STRATEGIES
10.12 NMC INTERNATIONAL SA
10.12.1 COMPANY OVERVIEW
10.12.2 FINANCIAL OVERVIEW
10.12.3 PRODUCTS OFFERED
10.12.4 KEY DEVELOPMENTS
10.12.5 SWOT ANALYSIS
10.12.6 KEY STRATEGIES
10.13 L’ISOLANTE K-FLEX S.P.A.
10.13.1 COMPANY OVERVIEW
10.13.2 FINANCIAL OVERVIEW
10.13.3 PRODUCTS OFFERED
10.13.4 KEY DEVELOPMENTS
10.13.5 SWOT ANALYSIS
10.13.6 KEY STRATEGIES
11 APPENDIX
11.1 REFERENCES
11.2 RELATED REPORTS

Companies Mentioned

Kingspan Groups PLC (Ireland), Armacell International Holding Gmbh (Germany), JOHNS MANVILLE (US), L’ISOLANTE K-FLEX S.p.A (Italy), BASF SE(Germany), ETEX (Belgium), Knauf Insulation (US), Rockwool International (Denmark), Zotefoams Plc (United Kingdom), Huntsman Corporation (US), Owens Corning (US), Liebherr Group (Germany), and NMC International SA (Luxembourg)

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