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Cryogenic Valves Market Size, Trends, Research Report - 2032 | Reports and Insights
The Reports and Insights, a leading market research company, has recently releases report titled “Cryogenic Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Cryogenic Valves Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Cryogenic Valves Market?
The global cryogenic valves market size reached US$ 3.8 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 6.5 billion in 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
What are Cryogenic Valves?
Cryogenic valves are specifically designed to control the flow of extremely cold gases and liquids, typically at temperatures below -150°C (-238°F). They are crucial for managing cryogenic substances such as liquid nitrogen, helium, oxygen, and natural gas in industries like aerospace, energy, medical, and chemical processing. Built to maintain secure seals and provide effective insulation, these valves prevent leaks and reduce thermal loss even under extreme cold conditions. Their construction materials and design enable them to endure the expansion and contraction caused by low temperatures, ensuring safe and reliable performance in demanding applications.
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What are the growth prospects and trends in the Cryogenic Valves industry?
The cryogenic valves market growth is driven by various factors and trends. Cryogenic valves are designed to manage the flow of extremely cold liquids and gases, typically at temperatures below -150°C (-238°F), such as liquid nitrogen, helium, and oxygen. Essential for sectors like aerospace, energy, medical, and chemical processing, these valves ensure precise control and safe handling of cryogenic fluids. Built to endure the harsh conditions of low temperatures, cryogenic valves are constructed with materials and insulation methods that prevent leakage and reduce thermal loss. Their design accommodates the expansion and contraction of materials due to temperature changes, providing reliable and efficient performance in demanding environments. Hence, all these factors contribute to cryogenic valves market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Paper Type:
Matte Paper
Glossy Paper
Semi-gloss Paper
By Application:
Universal Files Copy Application
Advertisement Making Application
Graphic Design Application
Market Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
Emerson Electric Co.
Flowserve Corporation
Schlumberger Limited
Parker Hannifin Corporation
Velan Inc.
Herose GmbH
Chart Industries, Inc.
Cryogenic Limited
L&T Valves Limited
Bray International, Inc.
Powell Valves
Habonim Industrial Valves & Actuators
Valco Group
Samson AG
Valvesco AG
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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Cellular Glass Market Size, Type, segmentation, growth and forecast 2023-2030
Cellular Glass Market Analysis and Scope
What is Cellular Glass?Cellular glass is a lightweight, high-performance insulation material made from crushed glass and a cellulating agent. It is renowned for its exceptional thermal insulation properties, chemical resistance, and durability. This material is extensively used in applications such as cryogenic systems, heat transfer fluid systems, chemical processing systems, commercial piping, and building constructions. The market for cellular glass is projected to grow to USD 1476.30 million by 2030, at a CAGR of 7.20% during the forecast period from 2023 to 2030.
Main Findings and RecommendationsThe market's growth is driven by the increasing demand for efficient insulation solutions in various sectors, including construction and chemical processing. The European region is expected to lead due to stringent building codes and robust construction activities, while Asia-Pacific is anticipated to witness significant growth owing to rising infrastructure investments. Companies are advised to focus on product innovation and regional expansion to capitalize on emerging opportunities and enhance market share.
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Market Trends Influencing the Cellular Glass Market
Sustainability Initiatives: Growing emphasis on eco-friendly materials boosts demand for cellular glass.
Technological Advancements: Innovations in manufacturing processes enhance product performance.
Construction Boom: Increasing construction activities, especially in Europe and Asia-Pacific, drive market growth.
Regulatory Pressures: Stringent building regulations on energy efficiency encourage cellular glass use.
Key Companies & Market Share Insights
The cellular glass market features prominent players such as Pittsburgh Corning, GLAPOR, GEOCELL Schaumglas, REFAGLASS, and Zhejiang Zhenshen Thermal Insulation Technology Co., Ltd. These companies lead the market through technological innovation, high-quality products, and extensive distribution networks. New entrants can capture market share by focusing on product development and catering to regional demands, especially in the growing Asian markets.
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Market Segmentation (2024 - 2031)
By Product Type:
Black (Gray) Cellular Glass
White Cellular Glass
Others (Multicolor)
By Application:
Cryogenic Systems
Heat Transfer Fluid Systems
Chemical Processing Systems
Commercial Piping and Building
Others
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Regional Analysis
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Key Drivers and Barriers in the Cellular Glass Market
Drivers:
Increasing demand for efficient insulation in construction and industrial applications.
Growing environmental awareness and regulatory requirements promoting sustainable materials.
Barriers:
High initial cost of cellular glass compared to traditional insulation materials.
Limited availability of raw materials in certain regions.
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Polychlorotrifluoroethylene Market Size, Share, Trends, Report 2030
The global polychlorotrifluoroethylene market size was 5248.35 tons in 2022, which is expected to reach 6394.6 tons in 2030, with a CAGR of 2.5% for the forecast period between 2023 and 2030.
Polychlorotrifluoroethylenes is one of the hardest polymers with enhanced mechanical properties and can be successively utilized in cryogenic engineering applications for handling liquid nitrogen and oxygen. For instance, according to the recent data published by the European Medical Technology, in 2022, the average global research and development investment rate was around 8% in the medical sector.
Polychlorotrifluoroethylene (PCTFE) is a melt-processable chlorofluoropolymer that has a relatively low melting point among fluoropolymers. As a result, medical-grade PCTFE is successfully utilized for cryogenic application and handling of severe gases. Furthermore, the rise in the adoption of PCTFE is due to the excellent chemical and temperature resistance that is extensively used in various medical devices and equipment. The semiconductors industry is extremely benefited by polychlorotrifluoroethylene as it has unique properties like low dielectric constant and electrical insulating properties and is frequently used in electronic devices, and gadgets. As a result, advances in the electrical, electronics and medical industry advances are fostering market growth. Moreover, government initiatives for developing advanced semiconductors for electronic gadgets, gaming system, and defense sector is assisting in propelling the polychlorotrifluoroethylene market.
The advancement of electronic devices and gadgets is supported by superior semiconductors that are made of polychlorotrifluoroethylenes, which in turn, is driving the market growth. For instance, according to Japan Electronics and Information Technology Industries Association (JEITA), the global production by Japanese electronics and IT companies in 2022 increased by 8% as opposed to 2021.
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Rising Adoption of Polychlorotrifluoroethylene in Semiconductors Industry
Semiconductors have revolutionized the modernizing world, which is important for advanced telecommunication devices and entertainment gadgets. Polychlorotrifluoroethylene compound is an imperative solution to semiconductors as they potentially drive numerous benefits during the working of semiconductors. A high-performance PCTFE has excellent water vapor barrier properties which are non-inflammable along with excellent heat and chemical resistance properties. Thus, polychlorotrifluoroethylene (PCTFE) in semiconductors delivers low outgassing and low moisture absorption characteristics in vacuums.
For instance, according to recent statistics published by the Japan Electronics and Information Technology Industries Association (JEITA), in 2022, the total global production of electronics and IT industry is estimated to register a growth rate of around 1%, reaching USD 3,436.8 billion. Hence, the phenomenal rise in semiconductor industry significantly drives the global polychlorotrifluoroethylene market growth.
Advancement in Aerospace Parts are Accomplished using Polychlorotrifluoroethylene
Polychlorotrifluoroethylene successively combines essential mechanical and physical properties along with possessing chemical resistance, non-flammability, and excellent electrical properties. Hence, polychlorotrifluoroethylene is deployed as a high-performance material for various aerospace applications that shows stringent resistance to varied temperatures and offers retention properties to aggressive specialty fuels. Polychlorotrifluoroethylene is successively used in regulators, valves, and devices related to essential gases like oxygen, nitrogen, and helium as PCTFE offers low deformation, high compressive strength, low moisture absorption, and extremely low gas permeability.
For instance, the defense ministry of the Indian government has commissioned to increase defense production from USD 12 billion to USD 22 billion by 2025. In 2020, the annual revenue of Saudi Arabian Military Industries (SAMI) was USD 20 million which exponentially increased to USD 690 million in 2021. The rise in defense budget is boosting the demand for aerospace parts, which is driving the growth of the polychlorotrifluoroethylene market.
Rising Demand for Medical Grade Polychlorotrifluoroethylene
Polychlorotrifluoroethylene in medical grades offers an excellent combination of mechanical, electrical, and physical properties and good chemical resistance. The retention of mechanical properties at extremely low temperatures is the reason for the extensive application of PCTFE medical grade as cryogenic and significant handling of gases. Likewise, medical grade PCTFE is potentially active to resist attack by several chemicals due to high fluorine content. PCTFE medical grades are successively used in coating surgical instruments, producing tubes, and catheters along with creating implants and prosthetics.
For instance, MCP Engineering is a leading manufacturer and supplier of polychlorotrifluoroethylene. Their medical-grade PCTFE is machined from sheet, rod and tube, extruded from 5mm diameters to 45mm diameters, according to the provided specifications. Furthermore, Intuitive Surgical, Inc. has invested over USD 350 million across China, Japan, and Germany in 2022, for the expansion of polychlorotrifluoroethylene, including medical grade PCTFE, registering a revenue of over USD 150 million from these countries. Consequently, the market potential for polychlorotrifluoroethylene (PCTFE) is progressive, propelling industry of medical equipment.
Asia-Pacific is Dominating the Polychlorotrifluoroethylene (PCTFE) Market
Asia-Pacific has been the main contributor to the growth of the polychlorotrifluoroethylene (PCTFE) market due to several prominent factors. China is a strong competitor for electronic products as the country supports flexible policies. In addition, the remarkable progress in Japan in building advanced infrastructure for the semiconductor industry has encouraged investors, which is boosting the adoption of PCTFE. The rising production of cellular phones, advanced gaming systems, and portable electronic devices will further drive market growth in the coming years. For instance, according to the National Bureau of Statistics of China, China is a leader in the pharmaceutical industry and has generated revenue of more than USD 0.51 trillion in 2021. Hence, these factors contribute to the growth of the polychlorotrifluoroethylene market in Asia-Pacific.
Impact of COVID-19
The outbreak of COVID-19 led to the shutdown of the electrical and electronic industry in 2020. The reduced demand for electronic devices and gadgets significantly affected the polychlorotrifluoroethylene market. The strict lockdowns imposed by the government entities had significantly deteriorated the production industry, directly reducing the polychlorotrifluoroethylene market. The supply chain of electronic devices was disrupted due to the closure of logistic operations. After the pandemic, the manufacturing units adopted effective measures to counteract the bridge between the supply chains and increase the production capacity of polychlorotrifluoroethylene.
Global Polychlorotrifluoroethylene Market: Report Scope
“Polychlorotrifluoroethylene Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global polychlorotrifluoroethylene market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19, opportunities, and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
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Mr. Vivek Gupta 5741 Cleveland street, Suite 120, VA beach, VA, USA 23462 Tel: +1 (757) 343–3258 Email: [email protected] Website: https://www.marketsandata.com
#Polychlorotrifluoroethylene#Polychlorotrifluoroethylene Market#Chemicals and Materials#Global Market Analysis
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Liquid Nitrogen Market Size, Share, Growth | Report, 2032
IMARC Group has recently released a new research study titled “Liquid Nitrogen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global liquid nitrogen market size reached US$ 19.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 30.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.
Global Liquid Nitrogen Market Trends:
The global liquid nitrogen market is experiencing significant growth due to various drivers, including advancements in technology, expanding healthcare and pharmaceutical sectors, and the rising demand in the food and beverage (F&B) industry. Moreover, the increasing product use in electronics and semiconductor manufacturing, the growing metal fabrication industry, and enhanced oil recovery needs are boosting the market growth. Furthermore, the burgeoning chemical sector, escalating demands for cryopreservation, the importance in the automotive industry, and the rise of the renewable energy sector. These factors collectively propel the market forward.
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Factors Affecting the Growth of the Liquid Nitrogen Industry:
Advancements in Technology: The global liquid nitrogen market is significantly influenced by technological advancements, which enhance the efficiency of liquid nitrogen production, storage, and transportation. Innovations in cryogenic technology have led to improved insulation methods, minimizing liquid nitrogen evaporation and ensuring more sustainable handling. Modern technology also facilitates the development of sophisticated equipment for various applications, such as cryogenic freezers, which are crucial in healthcare for preserving biological samples.
Expanding Healthcare and Pharmaceutical Sectors: The healthcare and pharmaceutical sectors are pivotal in driving the demand for liquid nitrogen. It is extensively used for the cryopreservation of biological samples, including blood, stem cells, and reproductive cells, which is vital for medical research, regenerative medicine, and fertility treatments. The expansion of biobanks and the increasing investment in biomedical research necessitate reliable cryogenic storage solutions to preserve the integrity and viability of biological specimens over long periods. As these sectors continue to grow, propelled by technological innovations and the increasing importance of biologics, the demand for liquid nitrogen is expected to surge correspondingly.
Rising Demand in the Food and Beverage Industry: Liquid nitrogen plays a critical role in the food and beverage industry, primarily in the preservation and processing of food products. It is used for rapid freezing, which ensures the quality, texture, and nutritional value of food by minimizing the formation of ice crystals that can damage cell structures. This method is ideal for a wide range of products, including meats, seafood, fruits, and ready-to-eat meals. Moreover, liquid nitrogen is employed in the packaging of perishable goods, creating an inert atmosphere that extends shelf life and maintains freshness, thereby meeting the industry's stringent safety and quality standards.
Explore Full Report Description At: https://www.imarcgroup.com/liquid-nitrogen-market
Key Companies:
Air Liquide S.A.
Air Products and Chemicals Inc.
AMCS Corporation
Asia Industrial Gases Pte. Ltd.
Cryomech Inc.
Gulf Cryo
Linde plc
Messer Group GmbH
Statebourne Cryogenics Ltd
Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings Corporation)
Liquid Nitrogen Market Report Segmentation:
By Technology:
Cryogenic Distillation
Pressure Swing Adsorption
Others
Cryogenic distillation is the largest segment by technology in the liquid nitrogen market because it is the most established and efficient method for producing high-purity liquid nitrogen in large volumes, catering to a wide range of industrial applications.
By Function:
Coolant
Refrigerant
Coolant is the largest segment by function because liquid nitrogen is extensively used for its cooling properties in various sectors, including healthcare, food, electronics, and industrial processes, due to its effectiveness in maintaining extremely low temperatures.
By Storage Type:
Cylinders and Packaged Gas
Merchant Liquid/Bulk
Tonnage
Others
Merchant liquid/bulk storage is the largest segment by storage type, as it allows for the economical storage and transportation of large volumes of liquid nitrogen, meeting the high demand from various end-users who require continuous and large-scale supply.
By End User:
Chemicals and Pharmaceuticals
Food and Beverage
Healthcare
Metal Manufacturing and Construction
Rubber and Plastic
Others
Metal manufacturing and construction is the largest segment by end user, as liquid nitrogen is crucial in these industries for processes such as cryogenic grinding, metal processing, and fabrication, providing benefits like improved material properties and enhanced process efficiency.
Regional Insights:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
North America is the largest market by region for liquid nitrogen, driven by the presence of a robust industrial base, advanced healthcare and technology sectors, and stringent food safety regulations, all of which contribute to high demand for liquid nitrogen across various applications.
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Key Highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Email: [email protected]
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#Liquid Nitrogen Market#Liquid Nitrogen Market Size#Liquid Nitrogen Market Share#Liquid Nitrogen Market Report#Liquid Nitrogen Market Analysis#Liquid Nitrogen Market Trends
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Cryogenic Insulation Market Strategies for Growth, Segmentation, and Market Overview by 2024-2031
The "Cryogenic Insulation Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.
What is the projected market size & growth rate of the Cryogenic Insulation Market?
Market Analysis and Insights :
Global Cryogenic Insulation Market
The cryogenic insulation market is expected to gain market growth in the forecast period of 2021 to 2028 and is expected to reach USD 4.68 billion by 2028. Data bridge market research analyses that the market is growing with the CAGR of 7.05% in the forecast period of 2021 to 2028 and is expected to reach USD 3.80 billion by 2028. The rising demand for LPG/LNG from various sectors such as power generation and automotive is escalating the growth of cryogenic insulation market.
Cryogenics refers to the production and behavior of material at very low temperature. Cryogenics insulation is known to be a technique which is utilized for the reliable storage and effective transportation of the inflammable products. They usually possess high stability and require less maintenance. The main function of the cryogenics is the transportation and storage of LNG.
The increasing demand for LPG/LNG from various sectors such as power generation and automotive causing high demand for transportation and storage and the rising need for energy and power due to the industrialization and urbanization are the major factors driving the cryogenic insulation market. The insulation comprises high priced raw materials that are available for exorbitant prices surging the overall cost for the product. The increase in the usage of materials including aerogel and perlite in the product leads to superior performance is anticipated to accelerate the cryogenic insulation market growth. The rise in the popularity of enhanced technology with the purpose of improving performance and pooling of resources and technologies by the manufacturers in order to develop highly efficient products at lower costs also influence the cryogenic insulation market. Additionally, the growth of aerospace and space exploration industries, rising investments in research and development activities, growing demand from various sectors including electric power, industrial, and residential and increase in the rate of gas exploration activities. Furthermore, technological advancement and demand for clean and eco-friendly energy resources extend profitable opportunities to the cryogenic insulation market players in the forecast period of 2021 to 2028.
On the other hand, the fluctuation in the prices of raw material and issues related to the product durability are the factors expected to obstruct the cryogenic insulation market growth. The rise in concerns regarding safety is projected to challenge the cryogenic insulation market in the forecast period of 2021 to 2028.
This cryogenic insulation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cryogenic insulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Cryogenic Insulation market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Cryogenic Insulation Market.
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Which are the driving factors of the Cryogenic Insulation market?
The driving factors of the Cryogenic Insulation market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Cryogenic Insulation across various industries further propel market expansion.
Cryogenic Insulation Market - Competitive and Segmentation Analysis:
Global Cryogenic Insulation Market, By Type (PU and PIR, Cellular Glass, Polystyrene, Fiberglass, Perlite, Others), Cryogenic Equipment (Tanks, Valves, Vaporizer, Pump, Others), Form (Multi- Layer, Foam, Bulk- Fill), End- Use Industry (Energy and Power, Chemicals, Metallurgical, Electronics, Shipping, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2031
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Cryogenic Insulation market?
The major players covered in the cryogenic insulation market report are Armacell, Lydall, Inc., BASF SE, Cabot Corporation, Röchling, Johns Manville, DUNMORE, pittsburgh corning corporation, Imerys, Hertel, AMOL DICALITE LIMITED, G+H GROUP, ISOVER, Aspen Aerogels, Inc., zircarrefractories, KAEFER, NICHIAS Corporation, Norplex Micarta, Aspen Aerogels, Inc. among other domestic and global players.
Short Description About Cryogenic Insulation Market:
The Global Cryogenic Insulation market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Cryogenic Insulation. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.
Cryogenic Insulation Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Cryogenic Insulation in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
What are the key regions in the global Cryogenic Insulation market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Cryogenic Insulation Market Research/Analysis Report Contains Answers to your following Questions
What are the global trends in the Cryogenic Insulation market?
Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Cryogenic Insulation?
What are the upcoming industry applications and trends for Cryogenic Insulation market?
What Are Projections of Global Cryogenic Insulation Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Cryogenic Insulation?
What are the raw materials used for Cryogenic Insulation manufacturing?
How big is the opportunity for the Cryogenic Insulation market?
How will the increasing adoption of Cryogenic Insulation for mining impact the growth rate of the overall market?
How much is the global Cryogenic Insulation market worth? What was the value of the market In 2020?
Who are the major players operating in the Cryogenic Insulation market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Cryogenic Insulation Industry?
Customization of the Report
Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Global Cryogenic Insulation Market Insights and Forecast to 2031
Introduction
Market Segmentation
Executive Summary
Premium Insights
Market Overview
Cryogenic Insulation Market By Type
Cryogenic Insulation Market By Function
Cryogenic Insulation Market By Material
Cryogenic Insulation Market By End User
Cryogenic Insulation Market By Region
Cryogenic Insulation Market: Company Landscape
SWOT Analysis
Company Profiles
Continued...
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Data Bridge Market Research:
Today's trends are a great way to predict future events!
Data Bridge Market Research is a market research and consulting company that stands out for its innovative and distinctive approach, as well as its unmatched resilience and integrated methods. We are dedicated to identifying the best market opportunities, and providing insightful information that will help your business thrive in the marketplace. Data Bridge offers tailored solutions to complex business challenges. This facilitates a smooth decision-making process. Data Bridge was founded in Pune in 2015. It is the product of deep wisdom and experience.
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#Cryogenic Insulation Market#Cryogenic Insulation Market Size#Cryogenic Insulation Market Share#Cryogenic Insulation Market Trends#Cryogenic Insulation Market Growth#Cryogenic Insulation Market Analysis#Cryogenic Insulation Market Scope & Opportunity#Cryogenic Insulation Market Challenges#Cryogenic Insulation Market Dynamics & Opportunities
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Cryogenic Tanks Market Size and Growth Prospects: A Deep Dive Analysis
Cryogenic Tanks Market will grow at highest pace owing to increasing demand from chemicals and petrochemicals industry Cryogenic tanks are high-performance containers used for storing gases such as nitrogen, oxygen, argon, hydrogen and natural gas at cryogenic temperatures. Cryogenic tanks find widespread applications in shipping industrial and medical gases over long distances. They play a pivotal role in preserving perishable commodities during transportation. Cryogenic tanks offer excellent thermal insulation to maintain extremely low temperatures inside while preventing the condensation of atmospheric gases. Key advantages include durability, ease of handling and transportation. Rising demand from petrochemical facilities, gas liquefaction plants and research laboratories is fuelling sales of cryogenic tanks. The Global Cryogenic Tanks Market is estimated to be valued at US$ 6.51 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Cryogenic Tanks are ArcelorMittal, China Baowu Group, Nippon Steel Corporation, POSCO, Shagang Group, Ansteel Group. Cryogenic tanks find widespread applications in storing and transporting industrial gases in various end-use industries such as energy & power, chemicals, metallurgy, electronics, shipping and biomedical. The global cryogenic tanks market is primarily driven by increasing demand from the chemicals and petrochemicals industry. Market Trends One of the key trends in the cryogenic tanks market is the growing demand for mid-sized cryogenic tanks in the energy sector. Mid-sized tanks with capacities ranging from 10,000-40,000 liters are increasingly used for onsite storage of liquefied natural gas and hydrogen at refueling stations. Another major trend is the increasing adoption of cryogenic tanks made from composite materials. Market Opportunities One of the major opportunities for cryogenic tank manufacturers is the rising demand from the LNG industry. Rapid infrastructure development and expansion of LNG facilities across Asia Pacific and Middle East are expected to drive sales. Another key opportunity is presented by the hydrogen economy. Widespread commercialization of fuel cell vehicles and setting up of hydrogen refueling network will augment demand for hydrogen storage and transportation cryogenic tanks over the forecast period. Impact of COVID-19 on Cryogenic Tanks Market The outbreak of COVID-19 has significantly impacted the cryogenic tanks market. During the lockdown period, demand for cryogenic gases such as oxygen, nitrogen, and argon decreased sharply from industries such as oil & gas, metal manufacturing, healthcare, etc. This led to a decline in the production of cryogenic tanks. Manufacturing facilities were shut down during lockdowns to curb the spread of the virus. Supply chain disruptions affected the availability of raw materials for tank production. Transportation restrictions made it difficult to deliver completed tanks to customers. Geographical Regions with High Concentration in Cryogenic Tanks Market Asia Pacific accounts for the largest share of the global cryogenic tanks market in terms of value. This is mainly due to the massive semiconductor, metal manufacturing and healthcare industries in countries such as China, Japan, India and South Korea which create sustained demand for cryogenic gases and associated storage and transportation equipment. North America ranks second powered by oil & gas exploration activities and healthcare sector development in the US and Canada. Europe is another major regional market led by Germany, UK, France and countries increasing investments to bolster industrial gas infrastructure and expand gas transport networks for supporting manufacturing and technology industries.
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Global Cryogenic Fuels Market Size, Share, Growth Analysis, By Product Type(LNG, hydrogen), By Distribution Channel(Direct sales, distributors)
Global Cryogenic Fuels Market Insights
Global Cryogenic Fuels Market size was valued at USD 105.6 billion in 2021 and is poised to grow from USD 112.04 billion in 2022 to USD 179.93 billion by 2030, growing at a CAGR of 6.1% in the forecast period (2023-2030).
Cryogenic fuels are fuels that are cooled to extremely low temperatures so that they can exist in a liquid state. The most common cryogenic fuels are liquid hydrogen (LH2) and liquid oxygen (LOX). These fuels are used in rocket engines because they provide high thrust with relatively low weight. Cryogenic fuels are stored in tanks that are heavily insulated to keep the fuel at its low temperature. Liquid hydrogen must be stored at a temperature of -253°C, while liquid oxygen must be stored at a temperature of -183°C. The use of cryogenic fuels is essential for space travel, as they provide the high thrust needed to escape the Earth's gravity and reach orbit. In addition to rocket engines, cryogenic fuels are also used in some high-performance aircraft engines and in some industrial processes that require extremely low temperatures.
The global cryogenic fuels market is expected to experience significant growth in the coming years, driven by various factors. The world is moving towards a low-carbon economy, and there is a growing demand for clean energy sources such as LNG, hydrogen, and biogas. Cryogenic fuels play a critical role in the production, transportation, and storage of these fuels. Industrial gases such as nitrogen, oxygen, and argon are used in various industries, including healthcare, food and beverages, electronics, and chemicals, among others. The growing demand for industrial gases is expected to drive the demand for cryogenic fuels in the future. Technological advancements in cryogenic storage and transportation are driving the growth of the global cryogenic fuels market. The development of advanced cryogenic storage tanks and transportation systems has improved the efficiency and safety of cryogenic fuel transportation. The development of infrastructure such as LNG terminals, pipelines, and storage facilities is expected to drive the growth of the global cryogenic fuels market. The construction of new infrastructure will increase the availability and accessibility of cryogenic fuels. Governments around the world are implementing policies and regulations to promote the use of clean and sustainable energy sources. This is expected to drive the demand for cryogenic fuels in the coming years. The shipping industry is adopting LNG as a marine fuel due to its low emissions and cost-effectiveness. This is expected to drive the demand for cryogenic fuels in the marine sector.
Global Cryogenic Fuels Market Segmental Analysis
Global Cryogenic Fuels Market is segmented on the basis of product type, distribution channel and region. By product type, the Cryogenic Fuels Market is segmented into LNG, hydrogen, oxygen, nitrogen, and others. By distribution channel, Cryogenic Fuels Market is segmented into direct sales, distributors, and online sales. By region, the Cryogenic Fuels Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Cryogenic Fuels Market Analysis by Product Type
The dominating segment in the global cryogenic fuels market based on type is the LNG (Liquefied Natural Gas) segment. LNG is the most commonly used cryogenic fuel due to its high energy density, low emissions, and ease of transportation. The demand for LNG is increasing globally due to the growing demand for natural gas as a fuel for transportation and power generation. In addition, the increasing adoption of LNG as a marine fuel is also contributing to the growth of the LNG segment.
The fastest growing segment in the global cryogenic fuels market based on type is the hydrogen segment. Hydrogen is a clean-burning fuel that emits only water vapor and can be produced from a variety of sources, including renewable energy sources. The increasing focus on reducing greenhouse gas emissions and the shift towards a hydrogen economy are driving the growth of the hydrogen segment. The use of hydrogen as a fuel for fuel cells, transportation, and industrial applications is expected to increase significantly in the coming years, driving the growth of the hydrogen segment in the cryogenic fuels market.
Cryogenic Fuels Market Analysis by Distribution Channel
The direct sales segment is expected to dominate the market due to the increasing demand for customized solutions and direct communication between the manufacturer and end-user. Direct sales involve the sale of cryogenic fuels directly from manufacturers to end-users such as industrial gas companies, energy companies, and transportation companies. This distribution channel is preferred by large end-users who require a high volume of cryogenic fuels and have the resources to handle logistics and transportation.
Distributors act as intermediaries between manufacturers and end-users. They purchase cryogenic fuels in bulk from manufacturers and sell them to end-users such as hospitals, research laboratories, and welding companies. This distribution channel is preferred by small to medium-sized end-users who require smaller quantities of cryogenic fuels and do not have the resources to handle logistics and transportation.
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Global Cryogenic Insulation Market Research Report 2023-2032: AMR
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Cryogenic Insulation Market Statistics, Overview, Analysis, Region & Country Revenue Share, & Forecast Till 2027
Market size- USD 2.52 billion in 2018, Market Growth- CAGR of 7.3%, Market Trends- Launch of improved insulations and research and development.
According to the current analysis of Reports and Data, the global Cryogenic Insulation Market was valued at USD 2.52 billion in 2018 and is expected to reach USD 4.41 billion by year 2026, at a CAGR of 7.3 %. Cryogenics are materials that reach very low temperatures. The temperatures scales for cryogenics are not very well defined. However, it is believed that a gas is cryogenic if it can be liquefied at a temperature as low as -150°. In simple terms, cryogenic is fundamentally about energy and insulation is about energy conservation. With the rising focus on thermal isolation, the use of cryogenics and low temperature refrigeration is taking more and more significant role. In the recent times, it has become prominent due to the increasing awareness and its versatility in application. It has become a major requirement throughout industries, from food industry, transportation, energy and medical application to Space Shuttles. No matter where its application lies, cryogenic liquids must be stored, handled and transferred from one point to another. The growing demand for LNG and LPG across several sectors such as automotive, power and energy, domestic and commercial fuel. This is boosting the natural gas exploration initiatives, thus requiring cryogenic insulation.
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Major Companies Operating in the industry and profiled in the report are:
· Lydall Inc.,
· Armacell International Holding GmbH,
· BASF,
· Dunmore,
· Kaefer,
· Aspen Aerogel,
· Rochling Group and Vita Group.
The report provides a comprehensive analysis of current market dynamics and the factors that might influence the growth of the market or hamper it. The report provides insight into revenue growth, global and regional analysis, and market segmentation based on types and applications.
Cryogenic Insulation Market Segmentation based on Product Types:
· Fibreglass
· Cellular glass
· Perlite insulation
· Polyurethane (PU)
· Polyisocyanurate (PIR)
Cryogenic Insulation Market Segmentation based on Applications:
· Transportation
· Energy and Power
· Electronics
· Medical
· Chemical
The report additionally discusses in-depth the strategic initiatives taken by the major market players for expanding their consumer base and to gain market size. This includes a list of mergers, acquisitions, joint ventures, product launches, collaborations, partnerships, and agreements. The report includes an extensive profiling of the key companies including their product catalogues, pricing analysis, and business expansion strategies.
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The regional analysis of the Cryogenic Insulation market provides an insight into the regions expected to hold the largest share in the market. According to the research report, North America is expected to dominate the market holding the largest share. Asia Pacific is expected to show a significant growth in the coming years owing to adoption of advanced technologies and growing consumer base. Europe is expected to follow closely behind North America & APAC countries. Latin America and Middle East & Africa are expected to hold a significant share in the market.
The regional analysis covers:
· North America (U.S., Canada, Mexico)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Further key findings of the report suggested that:
· The cryogenic insulation market has been categorised into various tools and equipment such as tanks, pumps, valves etc. Essentially, it comes in three forms namely, foam, bulk-fill and multi-layer. Multi-layer form of insulation is further categorised into two namely, films and foils. Each type of cryogenic insulation comes under any one of the forms
· Continuous developments in this field have too played a role in encouraging the consumers and driving them towards the market. The varied applicability of cryogenic insulation throughout several industries has also been identified as an important driving factor.
· Due to an increase in LNG terminals, storage tanks and ships carrying LNG, a substantial amount of insulating materials are required. Also a rise in environmental regulations regarding carbon dioxide emission is seen to be propelling the market.
· Rising demand for LNG as fuel and environmental awareness acts as one of the key factors driving the market.
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Cryogenic Equipment Market Insights on Scope and Growing Demands 2027
Global Cryogenic Equipment Market size is expected to grow at a CAGR of 3.4% during the forecast period and the market size is expected to reach nearly US$ 12.65 Bn. by 2026.
Cryogenic Equipment Market Overview:
Maximize Market Research (MMR) spent a lot of time and effort investigating the global Cryogenic Equipment Market, focusing on each sector while considering global and regional trends. In order to create a balanced market environment, the primary drivers as well as significant restraints have been thoroughly addressed. To give readers a complete picture of the market, the research separates it into several areas, including Product, Application, Retailers, and Regions. The research also includes long-term industry estimates for the global Cryogenic Equipment Market.
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Market Scope:
The global Cryogenic Equipment market is expected to develop at a steady rate between 2021 and 2027, according to the forecast. Between 2021 and 2027, the industry is expected to grow rapidly, with leading market players putting in significant effort.
The development process is examined, as well as cost structures and development goals and objectives. This global Cryogenic Equipment market report covers import/export consumption, supply and demand, cost, price, share, sales volume, revenue, and gross margins. In the global Cryogenic Equipment market, this study looks at each producer's manufacturing sites, capacity, production, ex-factory price, market price, sales revenue, and market share. Among the countries (regions) are the United States, Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia.
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Drivers:
Cryogenic Equipments are water-resistant, dust resistant, and snow resistant but are permeable to air. The membrane is located on the cold side of the insulation. To prevent moisture that may have been getting through the external covering from penetrating further into the structure.
Segmentation:
By Type, the segment is bifurcated into Polyethylene, Polypropylene. Polyethylene Cryogenic Equipment is dominating the type segment of the Cryogenic Equipment market. The major driving factor of polyethylene Cryogenic Equipment is their ability to pass gases but not water so the membrane can be used as waterproof material with moisture resistance. Additionally, the cost benefits of polyethylene Cryogenic Equipment are advantageous as compared to non-Cryogenic Equipment products.
Key Players:
• BRP Manufacturing
• Canam Group Inc.
• Cosmec Inc.
• D.S. Brown
• DOSHIN RUBBER PRODUCTS (M) SDN. BHD.
• Ekspan Limited
• Freyssinet Limited
• Granor Rubber & Engineering Pty. Limited
• MAURER SE
• AFTC
• Ningbo Dragon Packaging Technology Co., Ltd.
• Rollprint Packaging Products, Inc.
Regional Analysis:
The global Cryogenic Equipment market is split up into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America.
COVID-19 Impact Analysis on Cryogenic Equipment Market:
The COVID-19 Pandemic has the potential to disrupt global markets in three ways: by directly affecting production and demand, disrupting supply networks and marketplaces, and bankrupting businesses and financial institutions. The purpose of this research is to understand more about the current situation, the economic slump, and COVID-19's impact on the global Cryogenic Equipment market.
Key Questions answered in the Cryogenic Equipment Market Report are:
· Which product segment grabbed the largest share in the Cryogenic Equipment market?
· How is the competitive scenario of the Cryogenic Equipment market?
· Which are the key factors aiding the Cryogenic Equipment market growth?
· Which region holds the maximum share in the Cryogenic Equipment market?
· What will be the CAGR of the Cryogenic Equipment market during the forecast period?
· Which application segment emerged as the leading segment in the Cryogenic Equipment market?
· Which are the prominent players in the Cryogenic Equipment market?
· What key trends are likely to emerge in the Cryogenic Equipment market in the coming years?
· What will be the Cryogenic Equipment market size by 2027?
· Which company held the largest share in the Cryogenic Equipment market?
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Global Cold Insulation Market Size and Growth to 2027
Global Cold Insulation Market will exhibit a growth rate of 8.30% for the forecast period of 2020-2027
Market Analysis and Insights: Global Cold Insulation
Cold insulation market is subjected to witness a potential growth owing to certain reasons such as growing cryogenic insulation demand in oil & gas, progressive pace of industrialization of emerging economies and due to increase in demand of cooling equipment. Some of the factors may hinder the market growth during the anticipated time frame such as government regulations due to health hazards caused by cold insulation material and high prices of some insulation materials. To overcome certain hindrances development of eco-friendly products at competitive prices and priority targets on energy savings will act as the opportunity for the market growth.
This cold insulation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
Global Cold Insulation Market Scope and Market Size:
On the basis of type, cold insulation market is segmented into polyisocyanurate, polyurethane foam, nitrile rubber, phenolic foam, ceramic fiber, polystyrene foam (EPS & XPS).
Cold insulation market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for cold insulation market includes HVAC, chemicals, oil & gas, refrigeration, and others.
Global Cold Insulation Market Country Level Analysis:
The countries covered in the Cold insulation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Major TOC of the Report:
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insight
Chapter Six: COVID-19 Impact on Global Cold Insulation Market
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Competitive Landscape & Cold Insulation Market Share Analysis:
The Cold Insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cold Insulation market.
Key Players:
BASF SE
ROCKWOOL International A/S
Saint-Gobain Group
Owens Corning
Knauf Insulation Technical Solutions
Kingspan Group
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Superconducting Materials Market Size, Share and Growth Forecast 2031
Global superconducting materials market size was valued at USD 2.07 billion in 2022, expected to reach USD 4.6 billion in 2030, with a CAGR of 10.5% for the forecast period between 2023 and 2030. The development and advancement in materials has led to the introduction of superconducting materials. The growing market in healthcare, energy, and transportation has significantly driven the technologies spectrum for superconducting materials.
High temperature superconductors are used for round conductors and solenoid applications in healthcare and electrical sectors. Superconducting magnetic systems are truly reliable and deliver high performance by ensuring safety parameters, used as current limiters and in lead applications. Superconductor magnetic bearing is used in high-speed textile and processing machines to run dynamic yarn processing effectively. Resilient electric grid is developed using advanced superconducting materials using high power medium voltage cable technology.
Incorporation of Superconducting Materials in Developing Electric Grid and Distribution System
Considering the objective of net zero goals transport, heating and similar industries need to be electrified during the upcoming years. Superconducting cables are potentially great to transmit humongous electricity in a small space for congested urban grids. Superconducting cables transform urban power by eliminating heating, electric and magnetic fields. High temperature superconductors make power grid units and transmission cables by providing cryogenic compound insulation, usually liquid nitrogen surrounding the cable.
Brass metal is extensively used in high-current AC or DC applications like power transmission and distribution without affecting the voltage and providing high strength and stability. Copper metal find the application in power dense coils for developing synchronous motors, generators, and magnets. The market for superconducting materials can be emphasized as its incorporation in building resilience electrical power grid and distribution network.
The European Commission has executed an action plan for 2022 for “Digitalization of the energy system” to invest around USD 633 billion by 2030 to develop an advanced European electricity grid. China has already implemented measures to modernize and enhance the power grid system by investing USD 442 billion from 2021 to 2025. The United States commenced the Grid Resilience Innovative Partnership (GRIP) program in 2022 with a funding amount of USD 10.5 billion with the objective to upgrade and expand grid networks.
Superconducting Materials to Augment the Technology of Magnetic Resonance Imaging
The conventional equipment for performing magnetic resonance imaging usually takes around 1-2 hours, but with the introduction of superconducting materials, the MRI examination time has come down to minutes. Superconductivity is considered important for MRI scanning devices that assist in creating unprecedented views of structures deep inside the human body. Conventional MRI with novel elements, like magnesium and titanium, can generate magnetic fields at higher rates. For instance, Hitachi has exceptionally developed a 1.1-m-diameter magnesium bromide superconducting magnet where the time required to perform MRI examinations is 10 minutes. All modern MRI scanners are equipped with niobium-titanium (NbTi) superconducting materials with multiple NbTi microfilaments embedded in a copper core. These advanced MRI scanners provides superior soft-tissue imaging to assist doctors in predicting various diseases like cancer, Alzheimer, trauma injury, etc.
Japan has the highest density of magnetic resonance imaging (MRI) units, accounting for over 55 units per every million of its population, followed by the United States and Germany. Siemens in Germany has commenced a whole-body MRI scanner Magentom Free Star that is enabled with AI-based technology that generates superior image quality.
Applications of Superconducting Materials as a Magnetic Bearing in Textile Machines
Cooled superconductors require an additional positioning system, which is significantly replaced by superconductor magnetic bearings in a stable position. Shock-staple yarn production is progressively achieved by the ring spinning technique operating at a maximum speed of 25,000 rpm and is widely adopted across the textile industry. The SMBs are used as twist elements that comprise a rotating permanent-magnetic ring that handles the yarn twisting. The problem of friction-induced heat generation in the ring-traveler twist element during ring spinning is overcome through superconductive magnetic bearings.
Data released by the Ministry of Textiles, India states that FDI has invested USD 1522.23 million in the textile sector from 2017-2022. In 2022, the net value of the United States manufactured fiber, textile, and apparel shipments accounted for an estimated over USD 65.8 billion, whereas the export of fibers and textiles contributed to around USD 34 billion. Around 33% of companies across the European Union are textile-based, accounting for micro and SMEs. With such impeccable figures, Europe has extreme potential for a superconducting materials market that generates phenomenal opportunities to replace conventional technologies.
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Impact of COVID-19
The outbreak of COVID-19 severely impacted numerous sectors with a shutdown of industrial operations due to imposed lockdowns and less workforce, including Superconducting Materials. The lowering demand for textile production has substantially de-structured the incorporation of superconducting materials as the magnetic bearing was significantly discouraged. The closure of various industrial manufacturing units has reduced resources to manage the electric-grid distribution network which substantially degraded the market of superconducting materials.
Report Scope:
“Superconducting Materials Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global superconducting materials market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 impact, opportunities, and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
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Cryogenic Insulation Market Is Set To Become A Market Of $2.9 Billion Value Till 2025
The global cryogenic insulation market size is expected to reach USD 2.9 billion by 2025, expanding at a CAGR of 6.5%, according to a new report by Grand View Research, Inc. Rising preference for low temperature insulation from various application industries including energy and power and metallurgy is likely to propel the market growth.
The growth of aerospace and space exploration industries across the economies is anticipated to fuel the demand for cryogenic insulation systems. In addition, rising demand for LNG as an environment friendly alternative to the conventional energy resources has resulted in high demand for cryogenic engines, pipes, valves, and storage tanks.
Increasing R&D spending by the major players is expected to have positive impact on product enhancement and differentiation strategies. In addition, the participants are focusing on developing novel materials for higher efficiency and lower operational costs. Also, the players are pooling their technology and resources together in order to serve the rising demand.
North America and Europe are anticipated to dominate the market on account of the rising offshore gas production in order to cater the rising demand from various application industries. In addition, the rising LNG/LPG transportation across the regions is further likely to propel the market growth.
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Further key findings from the report suggest:
PUR and PIR accounted for the largest market share of 42.9% in terms of revenue in 2018, owing to its wide range of applications in gas liquefaction and regasification industry
LPG/LNG transport and storage industry dominated the market in 2018 and is estimated to reach USD 1.5 billion by 2025, due to rising demand for LNG or LPG from various sectors including automotive and power generation
North America is anticipated to emerge as one of the prominent regions for the industry over the forecast period and is projected to account for USD 699.9 million by 2025 on account of the rising offshore oil production in countries such as the U.S.
Cryogenic insulation market in China is projected to exhibit a CAGR of 6.5% from 2019 to 2025 on account of the rapid industrialization and rising disposable income
Market participants across the globe have increased their R&D spending in order to develop high performance insulation for various applications.
Grand View Research has segmented the global cryogenic insulation market on the basis of product, application, and region:
Cryogenic Insulation Product Outlook (Revenue, USD Billion, 2014 - 2025)
PUR and PIR
Cellular Glass
Polystyrene
Fiberglass
Perlite
Others
Cryogenic Insulation Application Outlook (Revenue, USD Million, 2014 - 2025)
LPG/LNG Transport & Storage
Energy and Power
Metallurgical
Others
Cryogenic Insulation Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
Europe
Asia Pacific
Middle East & Africa
Central & South America
U.S.
Canada
Mexico
Germany
The Netherlands
Russia
Turkey
Spain
France
China
India
South Korea
Australia
Iran
Qatar
Argentina
Brazil
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Cryogenic Fuels Market to be dominated by Manufacturing segment through 2026 – TechSci Research
Increasing demand for surface chilling process of food industry and growing aerospace industry is expected to drive the demand for global cryogenic fuels market in forecast period.
According to TechSci Research report, “Cryogenic Fuels Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Type (Liquid Nitrogen, Liquid Air, Liquid Helium, Liquid Neon, Liquid Hydrogen, and Liquefied Natural Gas), By End Use Industry (Energy, Manufacturing, Aerospace, Healthcare, Chemical, and Others) and By Region”, the global cryogenic fuels market is expected to grow at a steady CAGR for the forecast period, 2022-2026. Cryogenic fuel majorly constitutes liquefied gases such as liquid hydrogen, liquid nitrogen, liquid helium, liquid air, and liquefied natural gas. The word cryogenic means relating to low temperature or producing which means the cryogenic liquid is kept at a very low temperature. The cryogenic liquid is divided into three main groups namely inert gas, flammable gas, and oxygen. These are stored and shipped in thermally insulated containers such as liquid dewar flasks, laboratory liquid dewar flasks, liquid cylinders. These cryogenic liquid containers are specifically designed to withstand extreme differences in temperature and changes in temperature. The high demand for cryogenic fuels from various end-user industries including chemical industries, healthcare, manufacturing, aerospace, and the power industry is expected to contribute to the surge in the global cryogenic fuels market growth in the next five years. The growing demand for industrial gases such as specialty gases, liquid oxygen, liquid nitrogen, compressed air & helium in the healthcare sector is influencing the demand of cryogenic fuels market. Liquid nitrogen is used for the cryogenic storage of body organs and blood bank storage units. High-end investments for the development of advanced technologies to reach outer space and to promote space exploration activities are accelerating the growth of the global cryogenic fuels market.
However, initial high-end investment for setting-up of cryogenic plants for bulk production may restrain the global cryogenic fuels market growth in the forecast period.
Browse XX Figures spread through XX Pages and an in-depth TOC on "Global Cryogenic Fuels Market”.
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Global cryogenic fuels market is segmented into type, end use industry, regional distribution, and company. Based on type, the market can be divided into liquid nitrogen, liquid air, liquid helium, liquid neon, liquid hydrogen, and liquefied natural gas. The liquid air segment is expected to witness significant growth for the forecast period, 2022-2026. The technological advancements to use liquid air in different ways are fueling market growth. The use of liquid air in propellants to launch rockets that carry the broadcast, communication, and other satellites into space. Based on the end use industry, the market can be divided into energy, manufacturing, aerospace, healthcare, chemical, and others. The manufacturing segment is expected to account for major global cryogenic fuels market growth for the next five years. The rapid industrialization across the developing economies such as India, China, and Brazil have contributed to a surge in the set-up of manufacturing or production units of various prominent industry verticals including automotive, steel, consumer electronics, and others. Availability of raw material and low-cost labor is attracting foreign investments in developing economies.
Air Liquide S.A., Air Products and Chemicals, Inc., Air Water Inc., Messer Group Gmbh, Praxair Technology Inc., Advanced Gas Technologies Inc., Matheson Tri-Gas, Inc., Gulf Curyo, SOL Group, Norco, Inc. are the leading players operating in global cryogenic fuels market. Market players are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several cryogenic fuels manufacturers are coming up with their technologically advanced offerings.
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“Several economies are making high-end investments to promote research and development activities by establishing new research and testing facilities to advance in the field of biotechnology and pharmaceuticals to invent ways to use cryogenic fuels for different applications. The development of carbon capture technology to capture the greenhouse gases such as carbon dioxide, nitrogen oxides, sulfur dioxides released from the power plants and other industries to lower the adverse impact on the environment is expected to boost the demand for cryogenic fuels across the globe. The presence of innovative ways to use cryogenic fuels and the huge availability of cryogenic fuel over fossil fuel is expected to propel the demand for global cryogenic fuels market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Cryogenic Fuels Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Type (Liquid Nitrogen, Liquid Air, Liquid Helium, Liquid Neon, Liquid Hydrogen, and Liquefied Natural Gas), By End Use Industry (Energy, Manufacturing, Aerospace, Healthcare, Chemical, and Others) and By Region” has evaluated the future growth potential of global cryogenic fuels market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global cryogenic fuels market.
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