"Actionable Insights to Fuel Your Growth"
Region : Global | Published Date: Upcoming | Report ID: FBI101081| Status : Upcoming
Storage and transport of chemicals, fluids, natural gas, and petrochemicals among others in cold weather conditions are among the key challenges for the manufacturers. In order to tackle the problem, various insulations are used to allow free and efficient flow and storage of materials in the industry. Cryogenic insulation provides low heat flux, ease in the application for irregular shapes, good mechanical strength, and low thermal conductivity among other features. Depending on the application, cryogenic insulation is used in the pipeline systems or storage tanks in various process industries.
Based on form, the cryogenic insulation is classified as foam, multilayer, and bulk fill. The multilayer cryogenic insulation is comprised of alternate layers of insulating materials such as copper foil and aluminum foil along with spacer materials such as glass fabric and paper mat, among others. The foam insulation is used in order to prevent the diffusion of vapors and gases into the contraction joints.
To get information on various segments, share your queries with us
Based on type, the market is segmented as fiberglass, cellular glass, perlite insulation, Polyurethane, Polyisocyanurate, and others. By end-use, the cryogenic insulation is used in the oil and natural gas industry, chemical and fertilizer industry, food and beverage and aerospace industry among others. The oil and natural gas industry are expected to dominate the cryogenic insulation market by end-use industry owing to the wide range applications of cryogenic insulation in the natural gas, petrochemicals, and other allied products’ storage and transportation.
Cryogenic insulation plays a vital role in the oil and natural gas industry for the transport and storage of liquefied natural gas. The growth of the oil and natural gas industry in the regions with cold weather conditions is expected to drive the demand for the cryogenic insulation market in the coming years. The chemical and fertilizer industry has a wide range of products in its product portfolio (liquids, gases, and solids). The growth of the chemical and fertilizer industry is thus expected to drive the demand for the cryogenic insulation for the applications in manufacturing processes and transport of the utilities and products.
Cryogenic insulations are generally used for the low-temperature applications which are expected to limit the demand for cryogenic insulations in the transport and storage of liquefied natural gas and other fluids at ambient or higher temperatures.
Some of the major companies that are present in the global cryogenic insulation market are Imerys S.A., Kaefer, Dunmore, Rochling Industrial, Hertel, Aspen Aerogels, Callenberg Technology Company, Thermaxx Jackets, Lydall, Inc., Herose Limited, Norplex Micarta, Nichias Corporation, Technifab Products, Altrad, Unifrax I LLC, and Ruag among others.
· Bulk Fill
· Cellular Glass
· Perlite Insulation
By End-Use Industry
· Oil and Gas
· Chemical and Fertilizer
· Food and Beverage
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The global cryogenic insulation market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is among the key oil-producing regions in the world. The growth of the oil and natural gas industry in the U.S is expected to drive the sales of cryogenic insulators in the North America region in the coming years. The climatic conditions in the Europe region are expected to drive the demand for cryogenic insulation in the oil and natural gas industry in the region, which has witnessed decent growth in the recent past. The Middle East and Africa region have a well-established oil and natural gas industry. The oil and natural gas and growing chemical and fertilizer industries in the Middle East and Africa region are expected to drive the cryogenic insulators market in the Middle East and Africa region during the forecast period. Latin America region is among the key exporters of agricultural products in the world owing to the well-established agricultural sector in the region. The chemical and fertilizer industry in Latin America is expected to witness steady growth in the coming years due to the increasing demand from the agricultural sector which is expected to drive the cryogenic insulation market in the region. Asia Pacific region is among the key producers of chemicals and fertilizers owing to the abundance of raw materials and cheap labor costs in the region. The food and beverage industry in the region is also growing significantly. The growth of the chemical and fertilizers and food and beverage industries in the Asia Pacific region is expected to create a platform for the growth of the cryogenic insulation market during the forecast period.