Chemicals and Materials Cryogenic Insulation Market New

According to the new market research report "Cryogenic Insulation Market by Type (PU
& PIR, Cellular Glass, Polystyrene, Fiberglass, Perlite), Cryogenic Equipment (Tanks,
Valves), End-Use Industry (Energy & Power, Chemicals, Metallurgical, Electronics,
Shipping) - Global Forecast to 2023", published by MarketsandMarkets™, the Cryogenic
Insulation Market is projected to reach USD 3.3 billion by 2023, at a CAGR of 7.20% from
USD 2.3 billion in 2018.
Browse 63 market data Tables and 41 Figures spread through 143 Pages and in-depth TOC
on "Cryogenic Insulation Market”
https://www.marketsandmarkets.com/Market-Reports/cryogenic-insulation-market-
193543376.html
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PU & PIR segment is expected to be the largest contributor to the overall cryogenic
insulation market during the forecast period.
On the basis of type, the cryogenic insulation market has been segmented into PU & PIR,
cellular glass, polystyrene, fiberglass, perlite, plastic, rubber, metal, ceramic, and others.
The PU & PIR segment is expected to lead the cryogenic insulation market between 2018
and 2023, in terms of value. The higher demand for PU & PIR is mainly attributed to their
properties and widespread applications. PUR & PIR foam is lightweight, moisture and fire
resistant, has low thermal conductivity and density, and provides better structural
performance. These properties enable their use in cryogenic conditions. They are used in
various applications such as cold storage building, coolers, freezers, tank & pipe insulation,
and household refrigerators.