Research Report and Overview on Cold Insulation Market, 2015-2025 Research Report and Overview on Cold Insulation Ma | Página 4

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Report Description
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Owing to cheap labor and proximity to raw materials, bigger companies are investing in
emerging economies of South Africa and Asia Pacific. However, huge investment cost,
lack of quality control and cost of raw materials are expected to hamper the market
growth. Quality control standards in developing countries are poor due to less
government intervention and poor environmental awareness. Cost of developing new
cold insulation materials with less environment impact is huge and only big companies
having substantial turnovers can afford to research and develop innovative products.
Development of innovative materials such as perlite and aerogel are expected to provide
immense opportunities for the players in cold insulation market. Further, development of
bio-based and renewable material based insulation materials is expected to be
opportunities in the near future.
North America was the largest consumer of cold insulation market owing to use of
advanced materials to improve energy efficiency of operations and to offer better
process control. Large scale research & development activities are being carried out in
North America to develop new materials which have minimal effect on environment. Asia
Pacific followed North America in terms of consumption owing to industrialization in
China. Due to huge investments in construction and manufacturing industry, China and
other countries are expected to grow at higher pace. Energy efficiency laws are expected