North America Cold Insulation Market
Cold insulation materials are gaining importance over the years due to increased energy prices, rising environmental concerns and its large scale industrial applications. The North America Cold Insulation Market was valued at $781.29 million in 2012 and is expected to reach to $1267.55 million in 2018 with a growing CAGR of 8.3% from 2013. Some of the drivers for North America Cold Insulation Market include use of renewable materials, materials that have specific amount of recyclable content, strict environmental laws regarding carbon dioxide emissions, rising energy costs.
Insulation is a material or a combination of two or more materials that can be used to prevent heat loss or heat gain to conserve the valuable energy. The material can be made available in any size, shapes according to various applications. Insulating materials have the ability to protect the environment from harmful green house gases. Insulation increases the operating efficiencies of the systems where it is installed.
North America is a stagnant market for cold insulation materials, accounting for 24.1% market share; but is estimated to decrease marginally to reach 23.8% by 2018. The decrease in the share can be accounted to the slow growth in HVAC and refrigeration industries.
The U.S. has the largest market share in the North American cold insulation market with 70.6% market share in 2012 and is estimated to increase marginally to reach 71.4% by 2018. The rising energy prices, Green House Emissions, strict insulation laws have been fuelling the thermal insulation demand in North American markets. U.S. is the largest market for cold insulation in North American region, with a major share of 70.6% in 2012.
The key countries covered in North America Cold Insulation Market are U.S., Canada and Mexico. The various applications include HVAC, Refrigeration, Oil & Gas, Chemicals and others.
The various Raw-material types studied include fiber glass, polyurethane or polyisocyanurate foam (PUF/PIR), phenolic foam, polystyrene foam (EPS & XPS), and others which include aerogel-cryogelZ, perlite, cellular glass or foam glass, within the North America Cold Insulation market. Further, as a part of qualitative analysis, the North America Cold Insulation Market research report provides a comprehensive review of the important drivers, restraints, opportunities, and burning issues in the Cold Insulation market.
The North America Cold Insulation Market report also provides an extensive competitive landscape of the companies operating in this market. It also includes the company profiles of and competitive strategies adopted by various market players, including Knauf Insulation, Rockwool International, Aspen Aerogel, Kingspan Group, Johns Manville, Owens Corning, GAF Materials Corporation, and Uralita Group etc.
With Market data, you can also customize MMM assessments that meet your Company’s specific needs. Customize to get comprehensive industry standards and deep dive analysis of the following parameters:
- Consumption and revenues of materials used (Fiber glass, PU Foam, PS Foam, Phenolic foam, Others) in cold insulation application (O&G, HVAC, Chemicals, Refrigeration, Others) – Any country/ countries
- Market Share of Materials used in Different refrigeration applications (domestic, commercial, laboratories, industrial, and transport applications) in all regions
- Merits and Demerits of each material used within each application.
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