Global Refrigeration Insulation Materials Market is expected to reach $5.97 billion by 2027 growing at a CAGR 7.5% during 2018 to 2027.

Some of the key players in global refrigeration insulation materials market include Morgan Advanced Materials, Owens Corning, BASF SE, Isover, Armacell International S.A., Aspen Aerogel, Etex, Kingspan Group Plc, Zhejiang Zhenshen and Lyndall Inc.

Some of the key factors propelling the market growth include growing demand for food preservation, increasing LNG demand, and increased oil and gas production, rising demand for cryogenic applications, and rise in consumption of cold beverages and beer. However, fluctuating availability and prices of raw materials is restraining the market growth.

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Refrigeration insulation performs a vital role in limiting heat gains in an industrial refrigeration system, ensuring that the compressor load does not become excessive. It can typically be found on piping between the evaporator, the compressor, accompanying vessels and auxiliary equipment. Refrigeration insulation is also used to conserve energy, prevent condensation or ice formation and minimize corrosion.

By material type, polyurethane & polyisocyanurate (PU & PIR) segment is anticipated to grow at the significant rate during the forecast period. PU & PIR is the most produced insulation type in the market. Its operational temperature range allows it to be used in a wide range of applications. It is also used in cryogenic applications. These foams are suitable for all types of equipment, such as tanks, walls & roofs, pipes, compressors, and are even preformed for joints and bents.

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On the basis of geography, Europe is expected to have considerable market growth during the forecast period, owing to the presence of various key refrigeration insulation market players, such as Armacell (Germany), Isover (France), Kflex (Italy), and Kingspan (Ireland), along with the growing emphasis on energy conservation and use of low GWP and ODP materials, are influencing the growth of refrigeration insulation materials in the region.

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Material Types Covered:
• Elastomeric Foam
• Polyurethane & Polyisocyanurate (PU & PIR)
• Fiberglass
• Polystyrene Foam
• Phenolic Foam
• Other Material Types

Applications Covered:
• Refrigerated Transportation
• Industrial
• Commercial
• Cryogenic

End Users Covered:
• Oil & Gas and Petrochemicals
• Food & Beverage
• Chemicals & Pharmaceuticals
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 88960998