Cryogenic Insulation Market is Growing Exponentially in Order to Gain More Demand by 2023
The report [143 Pages] "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", 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.
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Transportation and storage of LNG is the major application of cryogenic insulation in the energy and power sector. Rising demand for LNG in various sectors such as automotive, domestic & commercial fuel, and power generation is expected to boost natural gas exploration and production, which will drive the growth of the cryogenic insulation market. In the future, due to increase in LNG terminals, storage tanks, and ships carrying LNG, a substantial amount of insulating materials will be required, which is projected to drive the cryogenic insulation market.
Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Cryogenic Insulation Market, By Type
7 Cryogenic Insulation Market, By Cryogenic Equipment
8 Cryogenic Insulation Market, By Form
9 Cryogenic Insulation Market, By End-Use Industry
10 Cryogenic Insulation Market, By Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
Key Market Players
Key market players profiled in the report include Armacell International Holding GmbH (Germany), Lydall Inc. (US), BASF SE (Germany), Cabot Corporation (US), Rochling Group (Germany), and Johns Manville Inc. (US).
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