Cryogenic Insulation Market Introduction:

Global cryogenic insulation market expected to value over USD 24.5 billion by 2027 end and grow at a CAGR of over 6.4% during the forecast period 2020 to 2027.  

Liquefied Natural gas (LNG) is used as a domestic and commercial fuel, in the automotive industry and in energy & power generation. It needs to be transported and stored properly and for that purpose cryogenic insulation is used. LNG is replacing many conventional fuels options and therefore there is a rise in the demand for LNG across the world. So cryogenic insulation market is also getting a boost due to the high LNG demand. Increase in LNG terminals, shipping of LNG and for all LNG-related applications, cryogenic insulation is required and this will act as a driving force to further enhance the global market. 
Based on the region, the global cryogenic insulation market is divided into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America, due to its huge investments in oil & gas industry, is expected to dominate the market during the forecast period. Asia Pacific region is also expected to see a rise during the forecast period due to a high LNG demand in the power and energy sector especially in countries like China which leads the Asia Pacific market space.
On the basis of the type of equipment, the market is further segmented into Polyurethane (PU), Polyisocynurate (PIR), cellular glass, polystyrene, fiberglass and perlite. PU and PIR lead this market segment. This is because they are used for storing LPG and LNG at extremely low temperatures and this can be useful during transporting LNG or LPG at longer distances.

Based on the type of end-user industry, the global cryogenic insulation market is segmented into energy & power industry, chemical industry, metallurgical industry, shipping industry and electronics industry. Energy and power industry dominate this market segment due to an immense demand for fuels like LNG which in turn helps to expand the cryogenic insulation market worldwide. 

Cryogenic Insulation Market Segmentation:
By Region
•    North America
•    Europe
•    Asia Pacific
•    Latin America
•    Middle East & Africa

By Equipment Type
•    Polyurethane (PU)
•    Polyisocynurate (PIR)
•    Cellular Glass
•    Polystyrene
•    Fibreglass
•    Perlite

By End-User Industry Type
•    Energy & Power
•    Chemicals
•    Metallurgical
•    Shipping
•    Electronics

By Form Type
•    Bulk-Fill
•    Multi-Layer
•    Foam

Competitive Landscape:
•    Tier 1 players- established companies in the market with a major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants   

FutureWise Key Takeaway
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global cryogenic insulation market by region, by equipment type, by end-user industry type, by form type
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Middle East & Africa