Panaji Journal

Armacell (Germany) and Kingspan Group Plc (Ireland) are the Key Players in the Refrigeration Insulation Materials Market

 Breaking News
  • No posts were found

Armacell (Germany) and Kingspan Group Plc (Ireland) are the Key Players in the Refrigeration Insulation Materials Market

November 18
13:33 2021
Armacell (Germany) and Kingspan Group Plc (Ireland) are the Key Players in the Refrigeration Insulation Materials Market
Browse 113 market data Tables and 52 Figures spread through 162 Pages and in-depth TOC on “Refrigeration Insulation Materials Market”
Refrigeration Insulation Materials Market by Material Type (Elastomeric Foam, PU & PIR), Application (Commercial, Industrial), End-Use Industry (Food & Beverage, Chemicals & Pharmaceuticals, Oil & Gas and Petrochemicals) Region

The refrigeration insulation material market size is projected to reach USD 4.8 billion by 2025 from USD 3.6 billion in 2020, at a CAGR of 6.0% between 2020 and 2025. Growing demand for both refrigeration equipment for industrial and commercial sectors has put a significant impact on the market. The global population is growing at 1.1% each year, and the industrial activity grew by 3.2% in 2017, as per OECD. These factors have had a significant influence on the global industrial production, which has boosted the market for refrigeration insulation materials. The demand for food is also growing along with growing population. This raises the importance of food preservation and food security, further giving a boost to the refrigeration insulation market

Europe dominated the refrigeration insulation materials market with a share of 34%, in terms of value, in 2019. Germany is the largest market in Europe, accounting for a share of 19% of the regional market in 2019. Germany is the most industrialized country in the world. It is one of the leading manufacturers of chemicals, pharmaceuticals, and food & beverage. Germany and other EU countries have signed the Kigali Agreement, which is expected to have a significant impact on the refrigeration insulation materials market.

To know about the assumptions considered for the study download the pdf brochure

The players in the refrigeration insulation materials market are mainly concentrating on new product launches, expansions, acquisitions, and joint ventures.

The growth of the refrigeration insulation materials market has been influenced primarily by the increased emphasis on insulation for energy conservation, especially in the EU, and new product launches that took place between 2018 and 2019. Armacell (Germany),  Owens Corning (US), Kingspan Group Plc (Ireland), Morgan Advanced Materials (UK), Etex (Belgium), Isover (France), BASF SE (Germany), Kflex (Italy), and Aspen Aerogel (US) have adopted organic as well as inorganic growth strategies. These companies are also highly focused on regional expansions.

Armacell is the largest player in the refrigeration insulation materials market. The company is developing its business via expansion in countries such as APAC and the Middle East. It mainly focuses on channel selling and expansion to strengthen its position in the market. The company is also focusing on new product developments. It also utilizes partnerships to increase its market share.

Kingspan is one of the major manufacturers of refrigeration insulation materials. The company is focusing on expansion as well as acquisition strategies. It has maintained a very strong global presence through its global acquisition strategy. The company also caters to a wide range of insulation materials and also focuses on material development and innovation. The company acquired four different companies between 2017 and 2019

Johns Manville launched MinWool-1200 in the form of pipe to meet the industry demand for water-resistant insulation pipe. This innovation provides corrosion-free insulation. Kflex has also employed expansion strategies to remain a prominent player in the market. It has opened a new production site in Vietnam to support the growing demand from the Asian market. It also recently enhanced their Polish factory by adding in a new polyethylene plant.

Requesst for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=150806980

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/refrigeration-insulation-materials-market-150806980.html