Growing environmental awareness, changing climate conditions, increasing demand for cryogenic insulation materials, escalating need for refrigeration and air conditioning devices, prosperity of the construction industry, and growth of the oil and gas industry are some of the key factors driving the global cold insulation market. Cold insulation is one of the most convenient way of ... Read more
Cold Insulation Market. Cold Insulation market is expected to grow with the CAGR of about 7-8% from 2018 to 2021, and due to this it is projected to cross USD 5 Billion by 2021. For the Global Cold Insulation market drivers are increased application of renewable content for cold insulation, growing industrialization in developing economies, and rising demand for cryogenic insulation to facilitate LNG trade.
At present, the industrial segment is experiencing an all-time high demand for energy efficiency, it is ready to accept any new technology that allows it to do so. Thus, it can be confidently said that the global cold insulation market will grow by leaps and bounds in the coming years. In terms of revenue, the market is expected to assimilate a whopping amount of around USD 5 Million. During the forecast period of 2018-2027, the ... Read more
