Market Overview

Market Research Future (MRFR) announces the publication of its research report Global Cold Insulation Market, 2016–2021.

The assessment offered by Market Research Future (MRFR), projects that the global cold insulation market signifies excellent growth opportunities and is poised to expand at a CAGR of over 7% during the forecast period 2016 to 2021. The support extended by the government is the key driver of the market growth. Authorities take particular interest in ensuring advanced infrastructure for minimizing energy leakages. This is anticipated to expedite the expansion of the cold insulation market in the foreseeable future.

The strong value maintained by the end-user industries such as oil & gas, food & beverage, chemicals, and refrigeration is expected to boost the growth trajectory of the global cold insulation market. The growth of these industries coupled with the emphasis on energy efficiency is presumed to accelerate the growth rate of a nation’s economy. This, in turn, is prognosticated to motivate the revenue creation of the market over the next couple of years.

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Market Segmentation:

The cold insulation market, by type, has been segmented into fiber glass, polyurethane foam, polystyrene foam, phenolic foam, and others.

The cold insulation market, on the basis of application into major end-users namely, oil & gas, chemicals, refrigeration, HVAC, and others.

Competitive Dashboard:

Some of the key players profiled in the report are BASF SE, The Dow Chemical Company, Bayer Material Science, Evonik Industries, Fletcher Insulation Group, Dongsung Finetec Corporation, and Huntsman Corporation.

Industry News:

In January 2019, The National Aeronautics and Space Administration (NASA), an independent agency of the United States Federal Government which is responsible for civilian space program has announced the building of the world’s largest liquid hydrogen (H2) storage tank ideated by the technologies developed by the researchers at the spaceport’s Cryo’enics Test Laboratory.

In November 2018, The National Aeronautics and Space Administration (NASA), the U.S.-based aeronautics and aerospace research center, has announced the upcoming launch of cryogenic spacecraft Robotic Refuelling Mission 3 (RRM3). The mission is aimed at storing and replenishing cryogenic spacecraft fuel.

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