The global refrigeration insulation materials market size was valued at USD 3.2 billion in 2019 and expected to register a significant CAGR of 5.8% during the forecast period 2020 to 2027. The rising demand for food preservation and oil & gas production are the key factor to grow the market positively. Growing need for refrigeration equipment in various industries such as healthcare, energy, chemicals, petrochemicals, and food & beverages are the key growth indicators of the market globally.

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The market is classified into material type, application, end-use, and region. The food & beverage is dominating the market globally and accounted to hold the largest market share more than 45% in 2019. On the basis of region, the Europe is expected to hold the largest share in the refrigeration insulation material industry during the forecast period.

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The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global refrigeration insulation materials market size and forecast were obtained by using "Bottom-up" and "Top-down" approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which helps to formulate competitive market strategies and make informed decisions.

Refrigeration Insulation Materials Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027.

Refrigeration Insulation Materials Market Segmentation:

By Type:

Elastomeric foam (NBR & EPDM)
PU & PIR
Polystyrene Foam (XPS & EPS)
Fiberglass
Phenolic Foam
Others

By Application:

Commercial
Industrial
Cryogenic
Refrigerated Transportation

By End-Use:

Food & Beverage
Chemicals & Pharmaceuticals
Oil & Gas and Petrochemicals
Others

List of Key Companies:

Armacell (Germany)
Owens Corning (US)
Kingspan Group Plc (Ireland)
Morgan Advanced Materials (UK)
Etex (Belgium)
Isover (France)
BASF SE (Germany)
Kflex (Italy)

Geographic Coverage:

North America
Europe
Asia-Pacific
Rest of The World

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