Today: May 25, 2016, 10:47 pm
  
Finance

Global cold insulation market: Asia-Pacific region to drive growth while Europe slows down

companiesandmarkets.com
companiesandmarkets.com
Cold Insulation Market: Global Trends & Forecasts to 2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-23 16:05:03
The global cold insulation market is forecast to grow to a value of around $4.8 billion by the end of 2018, and is suggested to grow at a CAGR of between 5% and 9% between 2013 and 2018. The key drivers in the industry include the rising need for energy efficiency, reduction in Green House emissions, sustainable developments and growing infrastructure. The U.S. leads the world in terms of usage of advanced materials to increase the efficiency and reliability of operations that makes it the biggest market. The market here is expected to experience highest revenue growth during the next five years followed by Asia-Pacific.

The factors driving growth in the global market are high demand from current & emerging applications, increase in LNG, LPG, and other cryogenic gases, development & modernization of infrastructure, and increased demand for energy efficiency. The factors hindering the growth of the market are fluctuating cost of raw materials, lack of quality control across developing countries, and huge investment in R&D.

The market is growing slowly in European countries, but it will continue to grow at significant rate in the Asia-Pacific region. This region is driven by countries such as China, the fastest growing country in global market. The cold insulation market is still in infancy stage in African markets. But, this region is experiencing high growth on account of increased infrastructure spending. On the whole, it is evident that Europe and Rest of the World are the most lucrative low temperature thermal insulation market.

Most players in this industry are very huge and manufacture highly customized products focusing on particular end user industry. BASF is a leader in polyurethane insulation market. Every company, big or small, wants to penetrate deeper into the existing market and at the same time expand into new and emerging markets to increase their sales margin; thereby increasing overall revenue. The companies involved in cold insulation business adopted this strategy by expanding into emerging markets such as Asia-Pacific and Rest of the World markets. Most of the major companies in the thermal insulation manufacturing countries are headquartered in the U.S. and Europe.

With the increase in demand of cryogenic equipments for oil and gas industry, the cryogenic insulation materials will also see a rise in future. Various innovative materials like Aerogel and perlite are found to be used for cryogenic applications due to excellent thermal insulation properties. The demand in air conditioning devices, refrigeration devices is expected to witness a significant growth especially in Asia-Pacific market and Rest of the World market like Middle East due to rising GDP, disposable income, and climate change.

Click for report details: www.companiesandmarkets.com/Market/Chemicals/Market-Research/Col ..

Browse all Chemicals Market Research Reports www.companiesandmarkets.com/Market/Chemicals/Market-Research?aCo ..

Browse all Chemicals Company Profile Reports www.companiesandmarkets.com/Market/Chemicals/Company-Profile?aCo ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 632 Words
Related Articles
 
More From Finance
New Frontier Portfolios Top Morningstar Rankings
Boston, April 14, 2016—New Frontier’s global strategic portfolios topped the Global Balanced Strategic category of the latest [..]
Finding an Excellent Tax Lawyer with the [..]
Sound Advice about Finding an Excellent Attorney When an individual requires legal representation, whether for an IRS tax debt [..]
First Gothenburg Bancshares to acquire Nebanco, Inc.
Denver, CO: March 24, 2016 – First Gothenburg Bancshares, Inc., the holding company for First State Bank, Gothenburg, Nebraska [..]
With Bad Credit It Is Still Possible [..]
What to Expect When Seeking a Bad Credit Home Loan Refinance Okay, so not everyone has great – or even [..]
Credit-Yogi Professionals Describe How to Get Out [..]
Who doesn’t want to save money while getting rid of debt? Most folks would jump at the chance to do [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.