Research Report and Overview on Cold Insulation Market, 2015-2025 Research Report and Overview on Cold Insulation Ma | Page 3

Report
Description
Report Description
Cold insulation is a technology that is used to reduce energy leakages from infrastructure
to improve energy efficiency. Cold insulation market is segmented based on material type
used which includes fiber glass, polystyrene foam, polyurethane foam and phenolic foam.
Cold insulation is used in a wide range of applications such as HVAC systems,
refrigeration, oil & gas, chemicals and others.
Growing demand for cryogenic insulation equipments coupled with the rising demand for
natural and industrial gases for oil & gas industry is expected to drive the cold insulation
market over the next few years. Cryogenic operations require reduction in energy losses
to maintain very low temperature. Increasing use of LPG, LNG and other cryogenic gases
is driving cryogenic industry in both developed and developing countries. Furthermore,
increased environmental awareness is expected to drive the market in developing
countries. Environment regulatory agencies are compelling companies to improve
existing infrastructure to reduce energy loss. Different energy related standards are in
place for building energy efficient infrastructure. In addition, demand for refrigeration
and air conditioning devices are expected to drive the market. Owing to rise in disposable
income of consumer and warm climatic conditions in Asia-Pacific region, the demand for
air conditioning and refrigeration devices is expected to witness tremendous growth.
Additionally, rise in industrialization in emerging economies around the globe is expected
to drive the cold insulation market.