Insulation materials play a significant role in controlling heat gains in industrial refrigeration systems. These materials are usually used in piping between the compressor, the evaporator, and the equipment. Insulation materials are employed in energy conservation, prevention of ice accumulation, control surface condensation, and reduction in corrosion. While selecting materials for insulation of a refrigeration system, thermal and mechanical factors are considered. Insulation materials used in industrial refrigeration should be suitable enough to operate at minimum and maximum temperature ranges. Coolers are generally made of insulating materials and protective skins. Protective skins are usually composed of a metal or fiberglass. The objective of using protective skins is to protect the insulating material, which is fragile and which can get damaged by moisture. The insulation is usually plastic foam material, which is either injected or bonded. Materials should have low thermal conductivity and low water vapor permeability. Polystyrene, polyurethane, polyisocyanurate, nitrile rubber, and EPDM are the most common insulation materials used in refrigeration systems.
Refrigeration Insulation Materials Market Trends
- The global demand for refrigerated warehouses has also boosted the market for refrigeration insulation materials in commercial applications
- Due to growing environmental issues, the total irrigable land area has reduced drastically in the last decade, thereby putting more emphasis on food preservation
- Food processing and preservation are likely to boost the demand for refrigeration
- Thus, the refrigeration insulation materials market is expected to grow in the food & beverage industry
- Refrigeration Insulation Materials Market Outlook
- Increasing demand for food preservation, growing LNG demand, and increased oil and gas production has positively impacted the refrigeration insulation market
- Europe is the largest market for refrigeration insulation materials, followed by APAC and North America. Growing demand for retail groceries, refrigerated vending machines, commercial refrigerators, and chillers had a significant impact on the commercial segment
Refrigeration Insulation Materials Market COVID-19 Impact
- The global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the chemical industry, as well as large companies and governments, to restock supply chains
- The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic
- Rising support from governments and several companies can help in the fight against this highly contagious disease
Refrigeration Insulation Materials Market Regional Trends
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa. Europe is expected to account for the largest market share in the refrigeration insulation materials market during the forecast period. The presence of various key refrigeration insulation market players, such as Armacell (Germany), Isover (France), Kflex (Italy), and Kingspan (Ireland), along with the growing emphasis on energy conservation and use of low GWP and ODP materials, are influencing the growth of refrigeration insulation materials in the region.
Refrigeration Insulation Materials Market Segmental Highlights
- The report analyses the global refrigeration insulation materials market based on type, application, end-users and geography
- The refrigeration insulation materials market is broadly segmented on the basis of material type as elastomeric foams, PU & PIR, polystyrene (EPS & XPS), fiber glass, phenolic foams, and others
- Various application studied in the report are Commercial, Industrial, Cryogenic and Refrigerated Transportation
- The major and prominent end-users in the product market are food –& beverage, chemicals & pharmaceuticals, oil & gas and petrochemicals and others (energy & utilities, healthcare, semiconductor, and textile)
Refrigeration Insulation Materials Market Key Players
The key companies in the refrigeration insulation materials market are Armacell, Owens Corning, Kingspan Group Plc, Morgan Advanced Materials, Etex, Isover, BASF SE, Aspen Aerogel, and Kflex. New Refrigeration Insulation Materials product launches and strategic acquisitions is primarily focused by many industry players so as to maintain competitive edge in the market. Furthermore, many companies are looking to engage in new geographical areas to cater the growing demand for refrigeration insulation materials in the market.
The report analyses the global refrigeration insulation materials market based on type, application, end-users and geography. The refrigeration insulation materials market is broadly segmented on the basis of material type as elastomeric foams, PU & PIR, polystyrene (EPS & XPS), fiber glass, phenolic foams, and others. Various application studied in the report are Commercial, Industrial, Cryogenic and Refrigerated Transportation. The major and prominent end-users in the product market are food –& beverage, chemicals & pharmaceuticals, oil & gas and petrochemicals and others (energy & utilities, healthcare, semiconductor, and textile).
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe.
Why to buy this report:
- The report offers changing market dynamics in the refrigeration insulation materials market, presenting historical, current and projected market size in terms of value (USD Million)
- The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of refrigeration insulation materials
- It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the refrigeration insulation materials market performance
- The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of refrigeration insulation materials market
