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- 113 Market data Tables
- 52 Figures
- 162 Pages and in-depth TOC on “Refrigeration Insulation Materials Market – Global Forecast to 2025″
This report also provides a comprehensive analysis of the companies listed below:
Armacell (Germany), Owens Corning (US), Kingspan Group Plc (Ireland), Morgan Advanced Materials (UK), Etex (Belgium), Isover (
The leading players are focusing on both organic and inorganic strategies to maintain their position in the market. These companies are also highly focused on regional expansions. The players in the refrigeration insulation materials market are mainly concentrating on new product launches, expansions, acquisitions, and joint ventures.
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.
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.
