Market Research Blog

The global gum rosin market is poised for significant growth, with an expected average compound annual growth rate (CAGR) of 4.7% from 2023 to 2033. This trajectory indicates a substantial rise in the target market valuation within this period, projected to reach US$ 2,460.2 million by 2033, up from an estimated US$ 1,554.2 million in 2023. Historically, the market experienced a more modest CAGR of 3.6%, reaching US$ 1,483.7 million in 2022. The burgeoning demand for gum rosin across various industries including paints, coatings, adhesives, paper, and inks is a key driver fueling this growth, reflecting a promising outlook for the industry.

Gum rosin is a kind of solid resin made from pine chemicals that are sourced from pine trees and various other plants. Also known as colophony, gum rosin is made by heating the fresh liquid resin to vaporize the volatile liquid terpene compounds. It is composed of a mixture of pimaric-type and abietic-type acids with a low amount of neutral compounds. Gum rosin Color’s ranging from yellow to black and has a semi-transparent appearance.

The market for gum rosin is positively influenced by the increasing application of the product in adhesives. An upsurge in preference for natural additives across various industry verticals. Gum rosin also finds application in the automotive and construction sectors as it is used in the paints and coatings used in these industries.

Request Your Sample and Stay Ahead with Our Insightful Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-8949

Other applications of gum rosin include its usage as a glazing agent in chewing gum and medicines, as a dispersant and as emulsification in the synthetic rubber industry will spur the demand for gum rosin in the global market. Again, the high friction-enhancing properties of gum rosin will further swell up the demand for gum rosin in the upcoming years.

Gum rosin contains excellent physical and chemical properties which promote its usage in the manufacturing of adhesives, printing inks, paper sizing agents, solders and fluxes, surface coatings, insulating materials, synthetic rubber, chewing gums, and soaps and detergents. Gum rosin can also be used on bows of violins and other string instruments, dancing shoes, floors, and stages to prevent slipping. All of these considerations, along with others, propel the gum rosin market forward in the international space.

Key Takeaways:

• Availability of substitutes may hamper the growth prospects for the gum rosin market.
• Expansion of the adhesives and paints sector will open avenues of growth for the target market.
• The gum rosin market in China will register a CAGR of 5.3% and create an absolute dollar opportunity of US$ 648.0 million by 2033.
• Surging residential and commercial infrastructure projects will bolster the gum rosin market in India to grow at a CAGR of 5.7% during the assessment period.
• By product type, the WW-type segment will account for 38% of the market share in 2023 due to its extensive usage in paper sizing for maintaining textures and colors.
• In terms of application, the adhesive segment will continue to dominate the market.

Competitive Landscape 

1. Naval Overseas, Punjab Rosin and Chemicals Works, and Forestar Chemical Co., Ltd., among others, are a few of the key players in the gum rosin market profiled in the full version of the report.

In a highly fragmented environment, prominent market players are concentrating on the acquisition of smaller firms. The development of novel and sustainable products, and increasing research efforts to adopt new technologies for eco-friendlier manufacturing of gum rosin are some of the other strategies adopted by these businesses.

Contact Sales for Further Assistance in Purchasing this Report: https://www.futuremarketinsights.com/checkout/8949

More Insights into the Gum Rosin Market 

FMI offers the latest, unbiased, and detailed analysis of the global gum rosin market, providing historical data from 2017 to 2022 and forecast statistics for 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type, application, and region.

According to the reports, based on segmentation, the WW-type of gum rosin will remain popular in the global market due to its rising usage in paper sizing. Based on application, the adhesive category will continue to dominate the market with a share of 28%. Rising demand for adhesives from the automotive sector will push the segment to expand at a CAGR of 5.9% between 2023 and 2033.

Based on region, the gum rosin market in India will exhibit impressive growth during this period. The target market in this country will grow at a CAGR of 5.7%. Factors like the elevated application of gum rosin in adhesives and its consequent usage in residential and commercial infrastructure projects will foster the growth of the market in India. Besides India, China too will present notable growth in the gum rosin market. Thus, India and China will significantly contribute to the growth of the gum rosin market during the projection period.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global cyclohexylbenzene market is anticipated to reach a valuation of US$ 439.9 million in 2023, driven by increased adoption of personal care products. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 716.5 million by 2033.

One of the primary factors driving the growth of the cyclohexylbenzene market is the technological advancements & process innovations. Continual technological advancements and process innovations are playing a crucial role in driving the growth of the cyclohexylbenzene market. The advancements lead to improved production efficiency, cost optimization, and enhanced product quality. Process innovations enable the development of novel derivatives and applications for cyclohexylbenzene, expanding its potential uses in various industries.

Increasing focus on sustainable chemicals is also anticipated to escalate the growth of the cyclohexylbenzene market. The global shift towards sustainable practices and the adoption of eco-friendly chemicals are expected to contribute to the growth of the cyclohexylbenzene market. Cyclohexylbenzene, being a versatile chemical compound, offers opportunities for the development of greener alternatives and sustainable manufacturing processes. The increasing emphasis on reducing environmental impact and achieving carbon neutrality is likely to drive the demand for cyclohexylbenzene in sustainable chemistry applications.

Click Here to Request Your Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-13610

The expanding industrialization and economic growth in emerging markets, particularly in Asia-Pacific and Latin America, present significant growth opportunities for the cyclohexylbenzene market. The regions are witnessing rapid urbanization, infrastructure development, and an increasing consumer base, leading to a surge in demand for various end-use industries such as automotive, construction, and consumer goods.

Key Takeaways from the Market Study

• Global cyclohexylbenzene market was valued at US$ 418.9 million by 2022-end.
• From 2018 to 2022, the market demand expanded at a CAGR of 2.3%.
• The United States is expected to hold a dominant CAGR of 4.9% during the forecast period.
• By Product Type, the high purity segment is expected to constitute a CAGR of 4.5% in 2033.
• On the basis of Application, the plastics segment is expected to dominate the market with a CAGR of 4.4% in 2033.
• From 2023 to 2033, cyclohexylbenzene market is expected to flourish at a CAGR of 5.0%.
• By 2033, the market value of cyclohexylbenzene is expected to reach US$ 716.5 million.

“Increased adoption of electronics, across the globe is a major factor that is expected to propel the growth of the cyclohexylbenzene market in the near future,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the cyclohexylbenzene market are Schultz Canada Chemicals Ltd., Biosynth Carbosynth, Henan Tianfu Chemicals Co. Ltd., Changsha Easchem Co., Ltd., Hefei TNJ Chemical Co. Ltd., Jiangsu Zhongneng Chemical Technology Co., Ltd., SAGECHEM, Xingrui Industry Co. Ltd., and Syntechem Co. Ltd., among others.

Recent Developments

• In May 2022, a major accomplishment was achieved by SP Chemicals as they became the first local styrene facility to successfully deploy StyroSim, an advanced Industry 4.0 technology developed in collaboration with BASF SE. The cutting-edge digital tool, renowned for its intuitive and user-friendly interface, revolutionizes the efficiency of the styrene catalyst through the power of big data analysis.
• In August 2020, Tokyo Chemicals Industry, Co., Ltd. made an exciting announcement regarding the launch of a digital storefront. The storefront was meticulously constructed on the highly advanced SAP Commerce Cloud solution, incorporating the cutting-edge Digital Customer Experience (DCX) methodology. The development of this digital storefront was successfully executed in collaboration with Capgemini. The strategic initiative by Tokyo Chemical Industry is aimed at providing customers with a seamless online shopping experience while leveraging the powerful capabilities of the SAP Commerce Cloud and the expertise of Capgemini in delivering innovative digital solutions.

Elevate Your Strategy – Buy the Report: https://www.futuremarketinsights.com/checkout/13610

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global cyclohexylbenzene market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the cyclohexylbenzene market, the market is segmented on the basis of product type (standard and high purity), and application (plastics, paints & coatings, and adhesives), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and Middle East & Africa (MEA)).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The ethylene dichloride market is poised for substantial growth, with an estimated valuation of US$ 20,016.4 million by 2023, driven by a notable trend boasting a Compound Annual Growth Rate (CAGR) of 3.7% projected to persist until 2033. This consistent growth trajectory suggests that the global ethylene dichloride market is on track to reach an impressive valuation of US$ 28,785.48 million by 2033. Such promising forecasts underscore the significant expansion opportunities within the industry, fueled by various factors driving demand and innovation.

Driving Forces Behind the Ethylene Dichloride Market Transformation

The ethylene market is undergoing significant transformations influenced by a rapid shift towards bio-based ethylene. The evolution responds to the global inclination towards sustainable and environmentally friendly practices. The investment surge in construction and infrastructural development and the growing global working population foster a heightened demand for packaged food and beverages.

The construction industry’s demand for polyethylene, driven by rapid urbanization, propels the ethylene market forward. As urban areas expand, the need for construction materials, including polyethylene, intensifies, contributing significantly to the market’s positive trajectory. Furthermore, the high demand for ethylene oxide for plastics manufacturing emerges as a significant growth catalyst, especially considering its pivotal role in producing various plastic products.

Stay Competitive and Request Your Sample Report to Explore Market Opportunities! https://www.futuremarketinsights.com/reports/sample/rep-gb-351

Challenges Facing the Ethylene Dichloride Market

Challenges persist in fluctuating raw material prices and stringent government regulations related to ethylene use. The volatility in raw material costs can impact the overall production costs, posing challenges for market players. Stringent regulations may necessitate adjustments in production processes to comply with environmental and safety standards, potentially affecting the growth rate of the ethylene market.

Opportunities for Growth and Expansion

The presence of substitutes in the market further adds complexity to the industry landscape. As alternative materials emerge, the ethylene market faces competition, prompting industry players to innovate and enhance the efficiency and sustainability of ethylene production processes.

On the brighter side, the ethylene market is poised to capitalize on various growth opportunities. Rapid technological innovations are reshaping the industry, providing novel ways to produce and utilize ethylene. The increasing demand for ethylene across diverse end-user industries and the proliferation of polyethylene-based products present promising avenues for market expansion.

Key Takeaways from the Market Study

• The market valuation in 2022 was US$ 19,288.9 million.
• The market valuation in 2018 was US$ 16,763.6 million.
• Based on process type, direct chlorination is expected to dominate at a market share of 61.2% in 2023.
• The ethylene dichloride market size expanded at 2.8% CAGR between 2018 and 2022.
• Japan is estimated to expand at a CAGR of 3.5% by 2033.

“Increasing usage of polyethylene dichloride as a chemical intermediate in the production of vinyl chloride monomer is expected to drive sales in the market and is considered one of the major drivers of the ethylene dichloride market,” says an Analyst at Future Market Insights, Inc.

Competitive Landscape

The ethylene dichloride industry boasts a substantial array of market participants. Research and development play a pivotal role among these players, primarily focusing on introducing eco-friendly product lines as a core aspect of their manufacturing endeavors. Furthermore, they employ various expansion strategies, including collaborations, mergers and acquisitions, and diligent exploration of regulatory approvals to bolster their market presence.

Some of the key developments are-

• Chemetry, a pioneering clean technology start-up based in the United States, announced the construction of a semi-commercial scale plant with a capacity of 1000 tons per year. The facility is set to introduce the first product from its innovative eShuttle technology, marking a significant leap in environmentally conscious chemical production.
• The partnership between Braskem and Chemetry signified a strategic alliance dedicated to pushing the boundaries of sustainable chemical production. The collaborative endeavor reflects the industry recognition of the urgent need for cleaner and more sustainable technologies, setting a precedent for future initiatives to reshape the landscape of chemical manufacturing.

Drive Your Business Growth Strategy: Purchase the Report for Key Insights! https://www.futuremarketinsights.com/checkout/351

Top Key Players in the Ethylene Dichloride Market

• Olin Corporation
• Occidental Chemical Corporation
• Formosa Plastics Corporation
• Tosoh Corporation
• Vynova Group
• SABIC
• Westlake Chemical Corporation
• ThyssenKrupp AG
• PT Asahimas Chemical
• Prochem, Inc.
• VESTOLIT GmbH
• Tokyo Chemical Industry Co., Ltd.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global neopentyl glycol market is projected to reach a valuation of US$ 2,148 million by 2033, with sales growing at an average CAGR of 4.6% from 2023 to 2033. The target market will likely reach an estimated US$ 1,542.4 million in 2023. The neopentyl glycol market is expected to grow by 1.6 times during this observation period under the influence of increasing adoption of NPG in applications such as adhesives and sealants, paints and coating, lubricants, and plasticizers. As per FMI reports, in 2022, top players in the neopentyl glycol market accounted for about 60% to 65% of the global market share.

Neopentyl glycol is a crystalline substance with combustible characteristics. It is an organic compound that is chloroform, benzene, and water soluble. The superior chemical and thermal stability of neopentyl glycol drive the growing demand in the international marketplace. It is estimated that low volatile organic compound (VOC) content will spur the demand for neopentyl glycol. Owing to its excellent properties, NPG finds industrial applications in closed-system functional fluids, dyes, paint & coating additives, and lubricants. The rising adoption of NPG in lubricating engines of automobiles and aircraft will bode well for the market as the global aircraft and automobile industries are expected to prosper in the upcoming years.

Stay Competitive and Request Your Sample Report to Explore Market Opportunities! https://www.futuremarketinsights.com/reports/sample/rep-gb-6546

Historically, the market observed a CAGR of 4.4% from 2018 to 2022. FMI predicts significant recovery from this growth rate with countries like India, Indonesia, Mexico, and Korea will emerge as highly opportunistic markets for neopentyl glycol. This is due to the rapid development of the economies in these countries. Again, attributes like superior resistance to weather, chemicals, and hot water, 65% water solubility, 210 degrees Celcius sublimation temperature, easy solubility in aromatic compounds, ethers, lower ketones, lower alcohol, and its hygroscopic and odorless natures encourage market growth of neopentyl glycol. Additionally, initiatives of regulatory agencies will also push for the adoption of NPG across multiple industrial verticals in the coming years. The market for neopentyl glycol looks at positive prospects in the upcoming years.

In spite of a positive outlook, the neopentyl glycol market is not without its share of limitations and restraints. The availability of alternatives and substitutes such as 2-Methyl-1, 3-propanediol, and ethylene glycols will have an adverse impact on the market. These alternatives are affordable and possess features that are ideal for specific products compared to NPG. This will likely act as a hindrance to the growth of the NPG market.

Key Takeaways:

• Rapid industrialization will push India’s neopentyl glycol market to account for a 33.3% share in the South Asia market.
• Strong presence of key manufacturers and the expanding paints and coatings industry will drive the market in the US.
• Based on the form, the flakes segment will register high demand during the assessment period.
• By end-use industry, the building and construction category will dominate the global market.

Competitive Landscape 

Key Companies Profiled in the Global Market

• BASF SE
• Eastman Chemical Company
• MITSUBISHI GAS CHEMICAL COMPANY, INC.
• OXEA GmbH
• Wanhua Chemical Group Co., Ltd.
• TCI Chemicals ?India? Pvt. Ltd.
• LG Chem Ltd.
• Perstorp Holding AB

The international NPG market is a highly consolidated one with key players accounting for a significant portion of the market share. Leading market participants are focusing on product development, expanding their production capacities, and competitive pricing. Joint ventures, mergers, acquisitions, collaborations, and partnerships are also employed by these businesses. For example, in 2022, QQ Chemicals launched a new derivative of NPG while BASF SE declared its investment in a new NPG plant.

Ready to elevate your business? Buy the report now and unlock opportunities for exponential growth: https://www.futuremarketinsights.com/checkout/6546

More Insights Into Neopentyl Glycol (NPG) Market

FMI offers the latest, unbiased, and detailed analysis of the global neopentyl glycol (NPG) market, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of physical form, grade, application, end-use industry, and region.

According to the reports, based on segmentation, the flakes form will continue to dominate the global market as they are often used for synthesizing several materials. In terms of end-use, the building and construction sector will create high demand for NPG due to the growing need for paints, insulation materials, resins, and coatings. Based on region, the neopentyl glycol market in North America will present impressive growth with a market share of 13.1% during 2023 and 2033. This regional market will be mainly driven by the strong presence of market players in the US. The heightened popularity of eco-friendly and powder forms of paints and coatings coupled with increasing automobile production will also aid the growth of the market in North America. During the forecast period, countries like India, Japan, Germany, and China also contribute to the global growth of the neopentyl glycol market.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The Germany casino tourism market is estimated to reach US$ 7533.1  Million in 2022. As per the report, sales are forecast to increase at a robust 3.3 % CAGR, with the market valuation reaching US$ 10422.6 Million by 2032.

In Germany, there are more than 50 casinos to select from, spread out across the entire nation. At least one casino may be found in most major German cities. The word “Bad” (bath, spa) appears at the beginning of the names of the majority of German casinos, which are found in resort and spa towns. Examples of these include the renowned Casino Bad Ems, which dates back to 1720, and the casino in Bad Wiessee, which is situated on the shore of a well-known lake. Scroll to the bottom for a map of every casino in Germany.

The appearance and atmosphere of casinos in Germany vary widely. Some of the structures are ornate palaces, while others are contemporary steel and glass. The majority of German casinos do, however, provide the traditional casino table games like Roulette, Blackjack, Punto Banco/Baccarat, and Slots. Additionally, the majority of German casinos don’t have many entertainment options and are primarily gambling establishments.

Gain In-Depth Knowledge with a Report Sample Request:
https://www.futuremarketinsights.com/reports/sample/rep-gb-15726

In Germany, gambling is governed by a legal framework that combines federal and state laws. The new 2021 Interstate Treaty on Gambling permits operators to offer online poker and slots on a federal level for the first time, in addition to the already accessible sports betting. The agreement creates a uniform legal foundation for gambling in the nation, although governments are free to implement harsher rules to carry out the agreement.

One of the main drivers of market expansion is the rise in the number of casinos as a result of deregulation. Furthermore, it is anticipated that consumers would pay attention to the quick breakthroughs in technology and new product developments. These variables are some of the most important ones that drive the global market for casino gaming equipment.

“Germany will drive the casino tourism market to greater heights because of its advancements in technology that make the casino market grow easily.” Says an FMI analyst.

 Key Takeaways:

• Through 2032, Poker is expected to hold a significant market share in terms of Game type.
• Age-wise, through 2032, demand will continue to increase in the 35 to 50-year-old range.
• Nearly 11 million tourist visit Germany for casinos every year.
• Based on type of tourist, International tourists will continue to grow in the forecasted period.

Leading players operating in the Germany Casino Tourism Market

• Tripadvisor
• TourRadar
• Akshaya India Tours and Travels Ltd.
• Kesari Tours Pvt Ltd.
• Novomatic
• Thomascook. in
• Viator, Inc
• Casino org.
• TravelMyGlobe.com
• Expedia, Inc.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Germany Casino Tourism Market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on Germany Casino Tourism Market by Game Type (3 Card Poker, American Roulette, Blackjack, Casino Stud Poker, Dice, Punto Banco, and Others) Casino Type (Commercial, Tribal, Limited Stakes, and I-gaming) End Users (Gambling Enthusiasts, Social Exuberant, Dabblers, Lottery Loyalists, Unengaged Audience) Age Group (18-25 Years, 25-35 Years, 35-50 Years, 50-65 Years and 65 Years and Above) Tourist Type (Domestic and International) Consumer Orientation (Men and Women) Tour Type (Independent Traveller, Package Traveller and Tour Group) – Forecast to 2022 – 2032.

The Germany Casino Tourism Market by Category

By Game Type:

• 3 Card Poker
• American Roulette
• Blackjack
• Casino Stud Poker
• Dice
• Punto Banco
• Others

By Casino Type:

• Commercial
• Tribal
• Limited Stakes
• I-gaming

By End Users (% of Demand):

• Gambling Enthusiasts
• Social Exuberant
• Dabblers
• Lottery Loyalists
• Unengaged Audience

By Tourist Type:

• Domestic
• International

By Tour Type:

• Independent Traveller
• Package Traveller
• Tour Group

By Consumer Orientation:

• Men
• Women

By Age Group:

• 15-25 Years
• 26-35 Years
• 36-45 Years
• 46-55 Years
• 66-75 Years

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The cold insulation market is anticipated to reach US$ 6,835.6 million in value in 2022 and to rise by 8.1% annually to US$ 14,894.8 million by 2032. The surge is linked to the oil and gas sector’s rising demand. The thermal insulation market experienced a CAGR of 5.6% between 2016 and 2021.

A technology implemented in industrial operations that are aimed at mitigating the loss of energy across various infrastructures and improving their energy efficiency is referred to as cold insulation. With the increasing growth of industrialization, especially in the HVAC sector as well as the refrigeration sector, the demand for various types of cold insulation materials is increasing.

Unlock Growth Potential in Your Industry – Get Your Sample Report Now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-316

Leading players in the cold insulation market are aiming to introduce versatile materials including polystyrene foam, fiberglass, phenolic foam, and polyurethane foam, in order to meet the specific needs of a wide range of end users and gain an edge in the global landscape.

Oil & Gas Industry to Trigger Environment-friendly Cold Insulation Materials
The global oil & gas industry is among the biggest consumers of cold insulation materials, mainly due to the burgeoning use of cryogenic insulation equipment in a majority of industrial applications.

Oil & gas end users are bolstering the use of efficient cold insulation materials in cryogenic operations in which very low temperatures need to be maintained while mitigating the loss of energy. This is one of the most prominent factors that are likely to influence the growth dynamics of the global cold insulation market

On the other hand, the awareness about the harmful environmental impact of oil & gas industrial activities as well as cold insulation materials are encouraging oil & gas industry players to switch environment-friendly alternatives to traditional cold insulation materials.

The growing use of various cryogenic gases including Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG), is further triggering the demand for cold insulation materials with low carbon footprint, and this will further improve the sales potential in the global market.

Seize this Opportunity: Buy Now for a Thorough Report:
https://www.futuremarketinsights.com/checkout/316

Cold Insulation Market: Region-wise Analysis

Geographically, the global cold insulation market is divided into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

A mounting number of stakeholders in the global market for cold insulation are witnessing lucrative opportunities in North America, as the region is a leading consumer of advanced materials that are commonly used to improve the efficiency of operations and enable end users to gain better control over all those processes.

The region is also exhibiting a high level of demand for innovative materials that can minimize the impact of various industrial activities on the environment, and this is among the primary factors that will continue to create new opportunities for stakeholders in the North America cold insulation market.

Apart from North America, developing countries in the Asia Pacific region, especially China, are accounting for a substantial share in the global consumption of cold insulation, owing to the rise of industrialization. Constantly bolstering investments in the manufacturing and construction industries in the region is continually contributing to the increasing demand in the region.

In the Middle East & Africa, developing countries such as Nigeria, Kenya, and South Africa are expected to witness the implementation of strict energy efficiency regulations, and this is expected to push the growth of the cold insulation market in the region. In addition, increasing the development of infrastructure will further drive the growth of the cold insulation market in the region.

Market Competition

The Dow Chemical Company, Huntsman Corporation, Armacell International Holding GMBH, Evonik Industries, Bayer Material Science, Pittsburgh Corning Corporation, Knauf Insulation, Aspen Aerogels Inc., Arabian FiberGlass Insulation Company Ltd., BASF SE, Fletcher Insulation Group, Kingspan Group PLC, Bradford Insulation Industries Ltd., Itw Insulation Systems among others.

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as The Dow Chemical Company, Huntsman Corporation, Armacell International Holding GMBH, and Evonik Industries account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.

Access the Complete Report Methodology Now:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-316

Key Segments Profiled in the Cold Insulation Industry Survey

By Type:

• Polystyrene Foam
• Fiberglass
• Phenolic Foam
• Polyurethane Foam
• Other Types

By Application:

• Oil & Gas
• HVAC
• Refrigeration
• Chemicals
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube