Market Overview

The Global Cryogenic Insulation Market Through 2018-2023: A $3.3 Billion Opportunity, Driven by the Rising Demand for LNG as Fuel - ResearchAndMarkets.com

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The "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"
report has been added to ResearchAndMarkets.com's
offering.

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
7.2% 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 the future, due to an 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, the volatile raw material price is a major restraint for the
growth of the market.

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).

Key Highlights

  • 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 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
  • APAC is expected to be the third-fastest growing cryogenic insulation
    market during the forecast period, in terms of value

Market Dynamics

Drivers

  • Rising Demand for LNG as Fuel
  • Rising Environmental Awareness

Opportunity

  • Growing Demand for Cryogenic Technologies from Space Applications

Restraint

  • Volatile Raw Material Prices

Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Cryogenic Insulation Market, By Type

7 Cryogenic Insulation Market, By Cryogenic Equipment

8 Cryogenic Insulation Market, By Form

9 Cryogenic Insulation Market, By End-Use Industry

10 Cryogenic Insulation Market, By Region

11 Competitive Landscape

12 Company Profiles

  • Amol Dicalite Limited
  • Armacell International Holding GmbH
  • Aspen Aerogels
  • BASF SE
  • Cabot Corporation
  • Dunmore Corporation
  • G+H Group
  • Hertel
  • Imerys Minerals
  • Isover (Saint Gobain)
  • Johns Manville Inc.
  • Lydall Inc.
  • Pittsburgh Corning Corporation
  • Rochling Group

For more information about this report visit https://www.researchandmarkets.com/research/sj9nft/the_global?w=4

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