MARKET INTRODUCTION
Cold insulation is applied where the environmental temperature is below the ambient temperature. High-quality insulation is applied to tanks for preserving materials under low temperatures. Polyisocyanurate (PIR), polyurethane foam, nitrile rubber, phenolic foam, ceramic fiber, polystyrene foam (EPS & XPS) are some materials used for cold insulation. Rising global trade of temperature-sensitive products is generating demand for transportation tanks. This, in turn, is fueling the cold insulation tank market during the forecast period.
MARKET DYNAMICS
The cold insulation tank market is anticipated to grow in the forecast period owing to driving factors such as robust demands form chemical industries and the oil & gas sector. Additionally, the use of renewable insulation materials is likely to augment market growth. However, volatile raw material prices may negatively influence the growth of the cold insulation tank market during the forecast period. On the other hand, rapid industrialization and global trade offer lucrative opportunities for the key players of the cold insulation tank market in the future.
MARKET SCOPE
The "Global Cold Insulation Tank Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of cold insulation tank market with detailed market segmentation by type, material, end-use industry, and geography. The global cold insulation tank market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cold insulation tank market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cold insulation tank market is segmented on the basis of type, material, and end-use industry. Based on type, the market is segmented as storage tank insulation and transportation tank insulation. On the basis of the material, the market is segmented as EPS, PUR/PIR, fiberglass, and others. The market on the basis of the end-use industry is classified as oil & gas, food & beverage, chemical, energy & power, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cold insulation tank market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The cold insulation tank market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting cold insulation tank market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the cold insulation tank market in these regions.
MARKET PLAYERS
The reports cover key developments in the cold insulation tank market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from cold insulation tank market are anticipated to lucrative growth opportunities in the future with the rising demand for cold insulation tank in the global market. Below mentioned is the list of few companies engaged in the cold insulation tank market.
The report also includes the profiles of key cold insulation tank companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ARMACELL LLC
- BASF SE
- Cabot Corporation
- Covestro AG
- Johns Manville (Berkshire Hathaway)
- Kingspan Group
- Owens Corning
- Rochling SE & Co. KG
- Saint-Gobain
- Thermacon
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.