Global Refrigeration Insulation Material Strategic Business Report 2022: 34 Players Featured Including Armacell International, Aspen Aerogels, BASF and Cabot - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 19, 2022--
The “Refrigeration Insulation Materials: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Refrigeration Insulation Materials estimated at US$4.4 Billion in the year 2020, is projected to reach a revised size of US$7.6 Billion by 2027, growing at a CAGR of 8.2% over the analysis period 2020-2027.
PU & PIR, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Elastomeric Foam segment is readjusted to a revised 7.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 12.5% CAGR
The Refrigeration Insulation Materials market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2027 trailing a CAGR of 12.5% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 7.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1 Billion by the year 2027.
Polystyrene Foam Segment to Record 8.4% CAGR
In the global Polystyrene Foam segment, USA, Canada, Japan, China and Europe will drive the 8.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$528.3 Million in the year 2020 will reach a projected size of US$892.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 9.9% CAGR through the analysis period.
Select Competitors (Total 34 Featured) -
- Armacell International S.A.
- Aspen Aerogels
- Basf Se
- Cabot Corporation
- Johns Manville
- Kingspan Group Plc
- L’Isolante K-Flex S.P.A.
- Lydall Inc.
- Morgan Advanced Materials
- Nmc Sa
- Owens Corning
- Saint-Gobain Isover
- Zhejiang Zhenshen Insulation Technology Corp. Ltd.
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Refrigeration Insulation Materials - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/tp95sc
View source version on businesswire.com:https://www.businesswire.com/news/home/20221219005373/en/
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/19/2022 06:02 AM/DISC: 12/19/2022 06:01 AM