[111 Pages Report] The Asia-Pacific cold insulation material market is expected to grow at a CAGR of 8.0% during the next five years to reach $1,585.5 million by 2019. Asia-Pacific, with its flourishing economy and rapidly expanding industrial sectors, is an emerging market and is expected to experience a huge growth in demand from 2014 to 2019.

The major driving factors of this market are the continuously growing cold chain market in Asia-Pacific on account of growing food and healthcare industry. The other growth driver is industrial development in the major economies. Emerging markets such as China, India, Japan, Australia & New Zealand, and South Korea are in the process of rapid growth and industrialization. Due to rapid industrialization, economic development, and changing lifestyles, the level of production and consumption in the Asia-Pacific region has rapidly increased, which is a major driver of cold insulation material in the region. Increasing demand for cooling equipment in Asia-Pacific and the rising demand of cryogenic insulation in oil & gas is also driving the demand for cold insulation material.

Upcoming opportunities such as development of eco-friendly cold insulation products show a promising growth in the Asia-Pacific cold insulation material market. Many cold insulation products are hazardous and cause severe health problems. So, the companies are coming up with plant-based or bio-based cold insulation products. They are also coming up with fiber glass insulation made from 35% recyclable content, thus saving energy costs in manufacturing entirely new products. These products have almost zero Volatile Organic Compounds. These innovations will result in an increase in demand for cold insulation materials in Asia-Pacific.

Cold insulation material is used in the wide end-user industries such as construction, automobile, and electronics. Cold insulation material has a number of applications in HVAC, chemicals, oil & gas, refrigerant, and others. Oil & gas and chemicals are the most important applications of cold insulation material. Cryogenic conditions are required for the transportation of LNG and Asia-Pacific is a major importer of oil & gas, so the demand for cold insulation material is growing in the region. The demand for cold insulation material in Asia-Pacific region is anticipated to grow at a CAGR of 8.0% in the next five years.

The Asia-Pacific cold insulation material market is analyzed in terms of value ($Million) application-wise, on the basis of type, for all major countries in Asia-Pacific, namely, China, India, Japan, Australia & New Zealand, South Korea, and Rest of the Asia-Pacific. Fiber glass, PU/PIS foam, polystyrene foam, phenolic foam, and others are the major types of cold insulation material.

For this report, various secondary sources such as directories, technical handbooks, company annual reports, industry association publications, chemical magazine articles, Asia-Pacific economic outlook, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of the Asia-Pacific cold insulation material market. The primary sources - experts from related industries and suppliers � have been interviewed to obtain and verify critical information as well as to assess the prospects and market estimations.

This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as BASF (Germany), Huntsman Corporation (U.S.), ITW Insulation Systems (U.S.), Kingspan Group Plc (Ireland), Rockwool International A/S (Denmark), Armacell International Holding Inc. (Luxembourg), Bayer MaterialScience (Germany), Nichias Corporation (Japan), The Dow Chemical Company (U.S.) and Dongsung Finetc Corporation (Korea) have also been profiled in this report.

Scope of the report

On the basis of country: China India Japan Australia & New Zealand South Korea

On the basis of application: HVAC Chemical Refrigeration Oil & Gas

On the basis of user type: Fiber Glass Polyurethane/Polyisocyanurate Foam Polystyrene Foam Phenolic Foam



The Asia-Pacific cold insulation material market is anticipated to increase by 8.0% annually to reach $1585.0 million by 2019. Cold insulation material is primarily used for to prevent the loss of chill or heat gain to maintain the temperature to conserve energy. The report covers the cold insulation material market and its trends concerning five countries in Asia-Pacific, namely, China, India, Japan, South Korea, and Australia & New Zealand. Cold insulation material applications such as, HVAC, refrigeration, oil & gas, chemicals, and others are included along with their estimated market sizes in terms of value and consumption trends. Various types of cold insulation materials such as fiber glass, polyurethane/polyisocyanurate foam, polystyrene foam, phenolic foam have also been identified.

China is the largest market for cold insulation material due to early industrialization. Polyurethane/Polyisocyanurate foam is the most widely used cold insulation material type in the region. The flourishing oil & gas industry demand is contributing to the heavy demand in the region. However, the region is also facing stringent regulations for the use of some hazardous cold insulation material. The manufacturers in this region are coming up with new bio-based cold insulation materials, which are expected to increase the demand of cold insulation material in the region.

Cold Insulation Material Market Share, by Region, 2013

Source: MarketsandMarkets Analysis

India has been identified as the upcoming market for cold insulation material due to rapid industrialization and increasing demand for cryogenic conditions for the import of LNG. The increasing demand for cooling equipment and rising cold chain market in emerging economies in Asia-Pacific such as Japan and India are contributing heavily to the demand. Japan is another region which will have a high growth rate for cold insulation materials.

In the cold insulation material market, the industry comprises several players which are engaged in this business. The major companies identified include BASF SE (Germany), Huntsman Corporation (U.S.), Kingspan plc (Ireland), Rockwool International A/S (Denmark), and Armacell International Holding (Luxembourg), and others.