The Refrigeration Insulation Materials Market size was valued at USD 4.25 Billion in 2023 and the total Refrigeration Insulation Materials revenue is expected to grow at a CAGR of 6.0% from 2024 to 2030, reaching nearly USD 6.43 Billion. The global Inorganic Corrosion market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Inorganic Corrosion report also provides trends by market segments, technology, and investment with a competitive landscape.Refrigeration Insulation Materials Market Overview:
Refrigeration insulation materials play an important role in efficient cooling operations. Increasing demand for commercial and industrial refrigerators are the major factors that propel the refrigeration insulation materials market size.To know about the Research Methodology :- Request Free Sample Report
Refrigeration Insulation Materials Market Dynamics:
Rising demand from food & Beverage Industry Rising trades of refrigeration equipment and growing demand for applications of cryogenic and the rising demand for food with growing emphasis on food security, and the growth in consumption of cold beverages & beer. These are the major factors that drive the global refrigeration insulation materials market. Volatile Raw Material Prices Volatile raw material prices and stringent government regulations on insulation materials, these factors act as major restraints for the refrigeration insulation materials market growth.Refrigeration Insulation Materials Market Segment Analysis:
By Material Type, the technical foam market is bifurcated into Elastomeric Foam, PU & PIR. PU & PIR held the largest share of the market in 2023. PU & PIR is the maximum produced insulation type in the market. Its operational temperature range allows it to use in a wide range of applications. PU & PIR also used in cryogenic applications. These foams are suitable for all types of equipment, includes tanks, walls & roofs, pipes, compressors, and are even performed for joints and bents. PU & PIR are expected to remain the largest insulation material type during the forecast period. By End-Use Industry, the market is bifurcated into Food & Beverage, Chemicals & Pharmaceuticals, Oil & Gas and Petrochemicals. The food & beverage industry accounts for the highest share around 46% of the market in 2023 thanks to increasing demand for food & beverage due to the growing population. Food processing and preservation are likely to propel the demand for refrigeration. Hence, the market is expected to grow in the food & beverage industry.Recent Developments
In August 2018, Armacell launched the aerogel blanket ArmaGel HT. It is lightweight, easy-to-handle, and suitable for a wide range of applications. This innovation helped the company provide customers with products having higher performance. In 2019, KFLEX opened a new production site in Vietnam to support the growing demand from the Asian market. In March 2018, Kingspan invested in the manufacturing facility of Kooltherm, a phenolic insulation material, in Sweden. The strategic location of the plant is beneficial for the future growth of the firm.Refrigeration Insulation Materials Market Regional Insights:
Europe is expected to dominate the Market Europe is expected to dominate the largest share of the global market during the forecast period, in terms of value. The presence of major players in the region, including Armacell, Isover, Kflex, and Kingspan, with the growing emphasis on energy conservation and the use of low GWP and ODP materials. These are the major factors fueling the global market growth during the forecast period. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.Refrigeration Insulation Materials Market Scope:Inquire before buying
Global Refrigeration Insulation Materials Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 4.28 Bn. Forecast Period 2024 to 2030 CAGR: 6% Market Size in 2030: USD 6.43 Bn. Segments Covered: by Material Type Elastomeric Foam PU & PIR by End Use Industry Food & Beverage Chemicals & Pharmaceuticals Oil & Gas Petrochemicals by Application Commercial Industrial Refrigeration Insulation Materials Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Refrigeration Insulation Materials Market Key Players
1. Armacell (Luxembourg) 2. Owens Corning (US) 3. Kingspan Group (Ireland) 4.L'ISOLANTE K-FLEX S.p.A. (Italy) 5.Saint Gobain (France) 6.Cabot Corporation (US) 7.Aspen Aerogels, Inc. (US) 8.BASF SE (Germany) 9.Morgan Advanced Materials (UK) 10.Johns Manville (US) 11.NMC SA (Luxembourg) 12.Zotefoams plc (UK) 13.Lydall, Inc. (US) 14.Others Frequently Asked Questions: 1. Which region has the largest share in Global Refrigeration Insulation Materials Market? Ans: Europe region held the highest share in 2023. 2. What was the Global Refrigeration Insulation Materials Market size in 2023? Ans: The Global Refrigeration Insulation Materials Market size was USD 4.28 Billion in 2023. 3. What is scope of the Global Refrigeration Insulation Materials market report? Ans: Global Refrigeration Insulation Materials Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Refrigeration Insulation Materials market? Ans: The important key players in the Global Refrigeration Insulation Materials Market are – Armacell (Luxembourg), Owens Corning (US), Kingspan Group (Ireland), L'ISOLANTE K-FLEX S.p.A. (Italy), Saint Gobain (France), Cabot Corporation (US), Aspen Aerogels, Inc. (US), BASF SE (Germany), Morgan Advanced Materials (UK), Johns Manville (US), NMC SA (Luxembourg), Zotefoams plc (UK), Lydall, Inc. (US), and Others. 5. What is the study period of this market? Ans: The Global Market is studied from 2023 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Refrigeration Insulation Materials Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Refrigeration Insulation Materials Market 3.4. Geographical Snapshot of the Refrigeration Insulation Materials Market, By Manufacturer share 4. Global Refrigeration Insulation Materials Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Material Types 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Refrigeration Insulation Materials Market 5. Supply Side and Demand Side Indicators 6. Global Refrigeration Insulation Materials Market Analysis and Forecast, 2023-2030 6.1. Global Refrigeration Insulation Materials Market Size & Y-o-Y Growth Analysis. 7. Global Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 7.1.1. Elastomeric Foam 7.1.2. PU & PIR 7.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 7.2.1. Food & Beverage 7.2.2. Chemicals & Pharmaceuticals 7.2.3. Oil & Gas 7.2.4. Petrochemicals 7.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 7.3.1. Commercial 7.3.2. Industrial 8. Global Refrigeration Insulation Materials Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 9.1.1. Elastomeric Foam 9.1.2. PU & PIR 9.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 9.2.1. Food & Beverage 9.2.2. Chemicals & Pharmaceuticals 9.2.3. Oil & Gas 9.2.4. Petrochemicals 9.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 9.3.1. Commercial 9.3.2. Industrial 10. North America Refrigeration Insulation Materials Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 11.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 12. Canada Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 12.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 13. Mexico Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 13.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 14. Europe Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 14.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 15. Europe Refrigeration Insulation Materials Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 16.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 17. France Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 17.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 18. Germany Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 18.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 19. Italy Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 19.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 20. Spain Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 20.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 21. Sweden Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 21.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 22. CIS Countries Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 22.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 23. Rest of Europe Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 23.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 24. Asia Pacific Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 24.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 25. Asia Pacific Refrigeration Insulation Materials Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 26.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 27. India Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 27.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 28. Japan Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 28.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 29. South Korea Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 29.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 30. Australia Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 30.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 31. ASEAN Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 31.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 32. Rest of Asia Pacific Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 32.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 33. Middle East Africa Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 33.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 34. Middle East Africa Refrigeration Insulation Materials Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 35.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 36. GCC Countries Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 36.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 37. Egypt Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 37.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 38. Nigeria Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 38.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 39. Rest of ME&A Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 39.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 40. South America Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 40.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 41. South America Refrigeration Insulation Materials Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 42.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 43. Argentina Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 43.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 44. Rest of South America Refrigeration Insulation Materials Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Material Type, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2023-2030 44.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Refrigeration Insulation Materials Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Material Types and R&D Investment 45.2.2. New Material Type Launches and Material Type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Armacell (Luxembourg) 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Material Type Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Owens Corning (US) 45.3.3. Kingspan Group (Ireland) 45.3.4. L'ISOLANTE K-FLEX S.p.A. (Italy) 45.3.5. Saint Gobain (France) 45.3.6. Cabot Corporation (US) 45.3.7. Aspen Aerogels, Inc. (US) 45.3.8. BASF SE (Germany) 45.3.9. Morgan Advanced Materials (UK) 45.3.10. Johns Manville (US) 45.3.11. NMC SA (Luxembourg) 45.3.12. Zotefoams plc. (UK) 45.3.13. Lydall, Inc. (US) 45.3.14. Other Key Players 46. Primary Key Insights
