Press release
Asia-Pacific Cold Insulation Market Value is looking to raise up to $3,251,903 Thousand Worldwide By 2023
"The rise in demand for refrigeration & air conditioning devices and increased usage in oil & gas industry are the prime drivers of the Asia-Pacific cold insulation market."
According to a new report published by Allied Market Research titled, Asia-Pacific Cold Insulation Market by Type and Application: Opportunity Analysis and Industry Forecast, 2017-2023, the Asia-Pacific cold insulation market was valued at $1,912,720 thousand in 2016, and is estimated to reach $3,251,903 thousand by 2023, growing at a CAGR of 7.7% from 2017 to 2023. Cold insulation is a low-temperature application insulation used to improve energy efficiency. It is used in numerous applications operating at temperatures below the ambient range and requiring protection against heat.
Request Sample Report @ https://www.alliedmarketresearch.com/request-sample/4522
A cold insulation material acts as a barrier to heat flow and closed structure is used to avoid wicking in a system where it is installed. These materials are adopted in various applications to maintain low temperature for process control, avoid surface condensation, and conserve refrigeration. The types of materials used for cold insulation are fiber glass, polyurethane foam, polystyrene foam, phenolic foam, and others. These are used in oil & gas industries, cold stores & marine applications, building & construction, and others.
Increase in its demand in various applications such as refrigeration, HVAC, oil & gas, chemicals, and others drives the Asia-Pacific cold insulation market. The usage of cold insulation has increased due to its ability to protect the environment from greenhouse gases and increase the efficiency of the system. These factors are further expected to provide lucrative growth opportunities to the market players. However, volatility of raw material prices is projected to hamper the market growth during the forecast period.
Over the forecast period, polyurethane foam is anticipated to hold a dominant position in the market, as polyurethane exhibits unique properties such as lightweight, low thermal conductivity, low water absorption, enhanced strength, and high chemical resistance. It is suitable for handling low thermal conductivity and substances stored at below freezing temperature.
The oil & gas application segment dominated the market, with two-sevenths share of the Asia-Pacific market in 2016. In the oil & gas industry, cold insulation is used to address relative designs, materials, procedures, and standard installation necessities for oil & gas infrastructure such as pipelines, vessels, and tanks.
Buy Now this Report @ https://www.alliedmarketresearch.com/checkout/182147
Key Findings of the Asia-pacific Cold Insulation Market:
• In 2016, China dominated the Asia-Pacific cold insulation market, with around one-third of the market share, in terms of revenue.
• The polystyrene foam segment is estimated to witness the highest growth rate, in terms of revenue, registering a CAGR of 8.1% from 2017 to 2023.
• Refrigeration segment is projected to grow at the highest CAGR of 8.2%, in terms of revenue.
• In 2016, oil & gas dominated the Asia-Pacific cold insulation market, accounting for around two-sevenths share, in terms of both revenue and volume.
• India is projected to grow at the highest CAGR of 8.3%, in terms of revenue.
In 2016, China dominated the Asia-Pacific market in terms of both revenue and volume, owing to increase in disposable income, growth in building & construction, and high demand for air conditioning devices due to the warm climate in this region. Furthermore, Singapore is projected to witness the highest CAGR of 8.5%, followed by Philippines with 8.4% from 2017 to 2023.
The key companies profiled in the report include Kingspan Groups PLC., BASF SE, Huntsman Corporation, ITW Insulation Systems, Rockwool International A/S, Covestro Ag, DowDuPont Inc., Dongsung FineTec Co., Ltd., Armacell International Holdings Inc., and Nichias Corporation.
Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/4522
About us
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
According to a new report published by Allied Market Research titled, Asia-Pacific Cold Insulation Market by Type and Application: Opportunity Analysis and Industry Forecast, 2017-2023, the Asia-Pacific cold insulation market was valued at $1,912,720 thousand in 2016, and is estimated to reach $3,251,903 thousand by 2023, growing at a CAGR of 7.7% from 2017 to 2023. Cold insulation is a low-temperature application insulation used to improve energy efficiency. It is used in numerous applications operating at temperatures below the ambient range and requiring protection against heat.
Request Sample Report @ https://www.alliedmarketresearch.com/request-sample/4522
A cold insulation material acts as a barrier to heat flow and closed structure is used to avoid wicking in a system where it is installed. These materials are adopted in various applications to maintain low temperature for process control, avoid surface condensation, and conserve refrigeration. The types of materials used for cold insulation are fiber glass, polyurethane foam, polystyrene foam, phenolic foam, and others. These are used in oil & gas industries, cold stores & marine applications, building & construction, and others.
Increase in its demand in various applications such as refrigeration, HVAC, oil & gas, chemicals, and others drives the Asia-Pacific cold insulation market. The usage of cold insulation has increased due to its ability to protect the environment from greenhouse gases and increase the efficiency of the system. These factors are further expected to provide lucrative growth opportunities to the market players. However, volatility of raw material prices is projected to hamper the market growth during the forecast period.
Over the forecast period, polyurethane foam is anticipated to hold a dominant position in the market, as polyurethane exhibits unique properties such as lightweight, low thermal conductivity, low water absorption, enhanced strength, and high chemical resistance. It is suitable for handling low thermal conductivity and substances stored at below freezing temperature.
The oil & gas application segment dominated the market, with two-sevenths share of the Asia-Pacific market in 2016. In the oil & gas industry, cold insulation is used to address relative designs, materials, procedures, and standard installation necessities for oil & gas infrastructure such as pipelines, vessels, and tanks.
Buy Now this Report @ https://www.alliedmarketresearch.com/checkout/182147
Key Findings of the Asia-pacific Cold Insulation Market:
• In 2016, China dominated the Asia-Pacific cold insulation market, with around one-third of the market share, in terms of revenue.
• The polystyrene foam segment is estimated to witness the highest growth rate, in terms of revenue, registering a CAGR of 8.1% from 2017 to 2023.
• Refrigeration segment is projected to grow at the highest CAGR of 8.2%, in terms of revenue.
• In 2016, oil & gas dominated the Asia-Pacific cold insulation market, accounting for around two-sevenths share, in terms of both revenue and volume.
• India is projected to grow at the highest CAGR of 8.3%, in terms of revenue.
In 2016, China dominated the Asia-Pacific market in terms of both revenue and volume, owing to increase in disposable income, growth in building & construction, and high demand for air conditioning devices due to the warm climate in this region. Furthermore, Singapore is projected to witness the highest CAGR of 8.5%, followed by Philippines with 8.4% from 2017 to 2023.
The key companies profiled in the report include Kingspan Groups PLC., BASF SE, Huntsman Corporation, ITW Insulation Systems, Rockwool International A/S, Covestro Ag, DowDuPont Inc., Dongsung FineTec Co., Ltd., Armacell International Holdings Inc., and Nichias Corporation.
Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/4522
About us
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
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