Cryogenic Insulation Market Size Will Grow by USD 665.36 Million | North America will become the largest market

One of the major growth drivers in this market is the demand for clean and environmentally friendly energy resources. Additionally, growing demand for LNG from several industries globally and increasing gas exploration activities in the United States will further fuel the market growth over the forecast period.

The market is fragmented owing to the presence of numerous players occupying the competitive landscape. Market vendors are adopting various organic and inorganic growth strategies to compete in the market. The report identifies Altrad Group, Armacell International SA, BASF SE, Cabot Corp., DUNMORE Corp., Imerys SA, Johns Manville, Owens Corning, Rochling SE and Co. KG and Unifrax I LLC as dominant players in the market.

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Cryogenic Insulation Market: Segment Highlights

  • Based on application, the report segments the cryogenic insulation market by LPG/LNG transportation and storage, energy and power, metallurgy, chemicals and others.
  • The market witnessed significant growth in LPG/NGV transportation and storage segment in 2021.
  • The increasing shipment of liquefied natural gas in the form of cryogenic gas in specialized seagoing vessels is driving the growth of the segment.
  • The research report offers information on several market vendors including Altrad Group, Armacell International SA, BASF SE, Cabot Corp., DUNMORE Corp., Imerys SA, Johns Manville, Owens Corning, Rochling SE and Co. KG, and Unifrax I LLC.

Regional analysis

  • 32% of the growth will come from the North American region.
  • The introduction of decarbonization policies by governments in the region will be crucial in driving the growth of the regional market.
  • The introduction of natural gas vehicles by major automobile manufacturers such as Volvo, MAN, Ford, and Chevrolet will also drive the growth of the cryogenic insulation market in North America.
  • The United States and Canada will be the main markets for cryogenic insulation in North America.
  • However, the market will grow faster in APAC and Europe.
  • countries such as China, Germanyand Brazil should also become major markets for cryogenic insulation.

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Remarks:

  • The cryogenic insulation market size is expected to accelerate at a CAGR of 6.02% during the forecast period.
  • The cryogenic insulation market is segmented by application (LPG/LNG transport and storage, energy and electricity, metallurgy, chemical and others) and geography (North America, EuropeACPA, South Americaand MEA).
  • The market is fragmented due to the presence of numerous established vendors holding a large market share.

Related reports:

Global Cryogenic Pumps Market 2022-2026: The global cryogenic pumps market is segmented by type (positive displacement pump and dynamic pump) and geography (APAC, North America, EuropeAME and South America).
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Global Cryogenic Tanks Market 2021-2025: The global cryogenic tanks market is segmented by product (LNG, nitrogen and others) and by geography (APAC, Europe, North America, South Americaand MEA).
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Scope of the cryogenic insulation market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 6.02%

Market Growth 2022-2026

$665.36 million

Market structure

Fragmented

Annual growth (%)

5.10

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 32%

Main consumer countries

United States, China, Germany, Canada and Brazil

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Altrad Group, Armacell International SA, BASF SE, Cabot Corp., DUNMORE Corp., Imerys SA, Johns Manville, Owens Corning, Rochling SE and Co. KG and Unifrax I LLC

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

Abstract

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: forecast for 2021 – 2026

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by application

  • Market segments
  • Comparison by application
  • LPG/LNG transport and storage – Market size and forecast 2021-2026
  • Energy and electricity – Market size and forecast 2021-2026
  • Metallurgy – Market size and forecast 2021-2026
  • Chemicals – Market size and forecast 2021-2026
  • Others – Market size and forecast 2021-2026
  • Market Opportunity by Application

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2021-2026
  • Europe – Market size and forecast 2021-2026
  • APAC – Market size and forecast 2021-2026
  • South America – Market size and forecast 2021-2026
  • MEA – Market size and forecast 2021-2026
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Altrad Group
  • Armacell International SA
  • BASF SE
  • Cabot Corp.
  • DUNMORE Corp.
  • Imerys S.A.
  • John Manville
  • Owens Corning
  • Rochling SE and Co. KG
  • Unifrax I LLC

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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