[250 Pages Report] The global cryogenic insulation films market was valued at around US$ 3 Billion in 2021. By 2032, the overall sales of cryogenic insulation films are projected to reach US$ 6 Billion, growing at a CAGR of 7% - 8% during the forecast period.
At present, cryogenics and low-temperature refrigeration are being used in food, transportation, medical, and energy industries. Cryogenic insulation films are used in storage tanks, transfer lines, and containers to avoid heat leakage. This is likely to bolster sales in the market.
Additionally, rising need for thermal insulation in transporting lines of liquids and gases is projected to create lucrative opportunities for market players.
Likewise, the use of cryogenic insulation films is increasing in low to high vacuum systems (10-6 Torr) for the storage of liquid natural gas. This is projected to propel the demand for cryogenic insulation films in the forthcoming years.
The requirement of multilayer cryogenic insulation systems in the space shuttles is rising due to the need for for low emissivity systems. This is anticipated to bolster the growth in the market.
| Report Attribute | Details |
|---|---|
| Cryogenic Insulation Films Market Estimated Base Year Value (2021) | US$ 3 Billion |
| Cryogenic Insulation Films Market Anticipated Forecast Value (2032) | US$ 6 Billion |
| Cryogenic Insulation Films Market Projected Growth Rate (2022 to 2032) | 7% - 8% CAGR |
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Use of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) is increasing across different sectors such as automotive, power and energy, domestic and commercial, which in turn is boosting applications of cryogenic insulation films.
In addition to this, increasing demand to reduce the installation time, labor, and radiant energy barrier in the chemical systems is estimated to fuel sales in the market.
Similarly, requirement of laminated cryogenic insulation films is growing to avoid the chances of ripping when transporting and storing liquified gases at 100K. Hence, growing applications these films are anticipated to create a conducive environment for the market.
Increasing government investments in research and development activities in the field of cryogenic insulation are likely to supplement the development of efficient and cost-effective insulation systems.
Moreover, the growing environmental concerns associated with the leakage of various toxic gases and liquids is anticipated to spur demand for cryogenic insulation films.
Increasing concerns regarding safety and product durability are likely to restrain the growth in the market over the assessment period.
Also, the changing prices of the raw materials will result in fluctuations in the pricing of products, which, in turn, will limit the sales of cryogenic insulation films.
Apart from this, high installation and development costs of cryogenic insulation films is expected to inhibit the growth in the market.
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According to Future Market Insights (FMI), Asia Pacific is expected to dominate the global cryogenic insulation films market during 2022-2032.
Ongoing expansion of chemical and energy and power industries in South Korea, India, and China is anticipated to create lucrative opportunities for the cryogenic insulation films market in the region.
Additionally, rising demand for liquefied petroleum gas (LPG) in the residential sector in developing countries such as India and China will further bolster the growth in the market.
Apart from this, technological advancements in food and beverage and pharmaceutical sectors is anticipated to stoke the demand for proper refrigeration systems. This, in turn, will propel sales of cryogenic insulation films in the forthcoming years.
Sales in the North America market are anticipated to increase at the highest CAGR during the forecast period. Growth is attributed to rising awareness regarding the environment pollution, which is driving applications of LNG. Surging demand for clean and environment friendly energy resources is expected to augment the adoption of LNG or LPG, thereby driving the market.
Also, natural gas exploration initiatives in the U.S. are propelling demand for cryogenic insulation films across various industries such as power and energy, automotive, and chemical.
Furthermore, stringent regulations regarding carbon emissions are fueling the adoption of safe transportation and storage of gases and liquids such as LNG or LPG. This is anticipated to bolster the sales of cryogenic insulation films.
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Key players profiled in the global cryogenic insulation films market include Rochling Group, Dunmore Corporation, Solvay S.A., RUAG Space GmbH, The 3M Company, Flex Films Inc., and Dow DuPont Inc., among others.
Manufacturers are focusing on developing innovative systems for the proper storage and transportation LPG and LNG. This is estimated to provide the manufacturers with opportunities to strengthen their global footprint.
| Report Attribute | Details |
|---|---|
| Growth Rate | 7% - 8% CAGR |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material Type, Product Type, End Use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Rochling Group; Dunmore Corporation; Solvay S.A.; RUAG Space GmbH; The 3M Company; Flex Films Inc.; Dow DuPont Inc. |
| Customization | Available Upon Request |
The global cryogenic insulation films market is expected to reach a market valuation of US$ 3 Bn in 2021.
Asia Pacific is estimated to dominate the global cryogenic insulation films market owing to the rising demand for LNG in the residential sector.
The overall sales of cryogenic insulation films market are estimated to reach around US$ 6 Bn by the end of 2032.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Impact of Covid-19 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Macro Factors and Forecast Factors 3.4. Value Chain Analysis 3.4.1. Profit Margin Analysis 3.4.2. Raw Material Suppliers 3.4.3. Manufacturers, Wholesalers and Distributors 3.4.4. End Users/ Customers 3.5. Regional Parent Market Outlook 3.6. Production and Consumption Statistics 3.7. Global Average Pricing Analysis Benchmark 4. Global Cryogenic Insulation Films Market Analysis 2015-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis, 2015-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Cryogenic Insulation Films Market Analysis 2015–2021 and Forecast 2022–2032, By Material 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis by Material, 2015-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Analysis and Forecast by Material, 2022-2032 5.3.1. Polyamide (PA) 5.3.2. Polyethylene Terephthalate (PET) 5.3.3. Bioplastics 5.4. Y-o-Y Growth Trend Analysis by Material, 2015-2021 5.5. Absolute $ Opportunity Analysis by Material, 2022-2032 6. Global Cryogenic Insulation Films Market Analysis 2015–2021 and Forecast 2022–2032, By Coating 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis by Coating, 2015-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Analysis and Forecast by Coating, 2022-2032 6.3.1. Single-side Coated 6.3.2. Double-side Coated 6.4. Y-o-Y Growth Trend Analysis by Coating, 2015-2021 6.5. Absolute $ Opportunity Analysis by Coating, 2022-2032 7. Global Cryogenic Insulation Films Market Analysis 2015–2021 and Forecast 2022–2032, By End Use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis by End Use, 2015-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Analysis and Forecast by End Use, 2022-2032 7.3.1. Chemical 7.3.2. Aerospace 7.3.3. Electrical & Electronics 7.3.4. Healthcare 7.3.5. Automotive 7.3.6. Petroleum & Gas 7.4. Y-o-Y Growth Trend Analysis by End Use, 2015-2021 7.5. Absolute $ Opportunity Analysis by End Use, 2022-2032 8. Global Cryogenic Insulation Films Market Analysis 2015–2021 and Forecast 2022–2032, By Region 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis by Region, 2015-2021 8.3. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Analysis and Forecast by Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia 8.3.6. Oceania 8.3.7. Middle East and Africa (MEA) 8.4. Market Attractiveness Analysis, by Region 9. North America Cryogenic Insulation Films Market Analysis 2015–2021 and Forecast 2022–2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 9.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Material 9.2.3. By Coating 9.2.4. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Material 9.3.3. By Coating 9.3.4. By End Use 9.4. Key Takeaways 10. Latin America Cryogenic Insulation Films Market Analysis 2015–2021 and Forecast 2022–2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 10.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Argentina 10.2.1.4. Chile 10.2.1.5. Peru 10.2.1.6. Rest of Latin America 10.2.2. By Material 10.2.3. By Coating 10.2.4. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Material 10.3.3. By Coating 10.3.4. By End Use 10.4. Key Takeaways 11. Europe Cryogenic Insulation Films Market Analysis 2015–2021 and Forecast 2022–2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 11.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. U.K. 11.2.1.5. Spain 11.2.1.6. BENELUX 11.2.1.7. Nordic 11.2.1.8. Russia 11.2.1.9. Poland 11.2.1.10. Rest of Europe 11.2.2. By Material 11.2.3. By Coating 11.2.4. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Material 11.3.3. By Coating 11.3.4. By End Use 11.4. Key Takeaways 12. East Asia Cryogenic Insulation Films Market Analysis 2015–2021 and Forecast 2022–2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 12.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Material 12.2.3. By Coating 12.2.4. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Material 12.3.3. By Coating 12.3.4. By End Use 12.4. Key Takeaways 13. South Asia Cryogenic Insulation Films Market Analysis 2015–2021 and Forecast 2022–2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 13.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Thailand 13.2.1.3. Malaysia 13.2.1.4. Indonesia 13.2.1.5. Rest of South Asia 13.2.2. By Material 13.2.3. By Coating 13.2.4. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Material 13.3.3. By Coating 13.3.4. By End Use 13.4. Key Takeaways 14. Oceania Cryogenic Insulation Films Market Analysis 2015–2021 and Forecast 2022–2032, By Country 14.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 14.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By Material 14.2.3. By Coating 14.2.4. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Material 14.3.3. By Coating 14.3.4. By End Use 14.4. Key Takeaways 15. Middle East & Africa Cryogenic Insulation Films Market Analysis 2015–2021 and Forecast 2022–2032, By Country 15.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Trend Analysis by Market Taxonomy, 2015-2021 15.2. Market Size Value (US$ Mn) & Volume (Tonnes) Forecast by Market Taxonomy, 2022-2032 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. Turkey 15.2.1.3. Northern Africa 15.2.1.4. South Africa 15.2.1.5. Rest of MEA 15.2.2. By Material 15.2.3. By Coating 15.2.4. By End Use 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Material 15.3.3. By Coating 15.3.4. By End Use 15.4. Key Takeaways 16. Country wise Cryogenic Insulation Films Market Analysis 16.1. United States (U.S.) 16.1.1. Market Share Analysis, 2022 16.1.2. By Material 16.1.3. By Coating 16.1.4. By End Use 16.2. Canada 16.2.1. Market Share Analysis, 2022 16.2.2. By Material 16.2.3. By Coating 16.2.4. By End Use 16.3. Brazil 16.3.1. Market Share Analysis, 2022 16.3.2. By Material 16.3.3. By Coating 16.3.4. By End Use 16.4. Mexico 16.4.1. Market Share Analysis, 2022 16.4.2. By Material 16.4.3. By Coating 16.4.4. By End Use 16.5. Germany 16.5.1. Market Share Analysis, 2022 16.5.2. By Material 16.5.3. By Coating 16.5.4. By End Use 16.6. Italy 16.6.1. Market Share Analysis, 2022 16.6.2. By Material 16.6.3. By Coating 16.6.4. By End Use 16.7. France 16.7.1. Market Share Analysis, 2022 16.7.2. By Material 16.7.3. By Coating 16.7.4. By End Use 16.8. Spain 16.8.1. Market Share Analysis, 2022 16.8.2. By Material 16.8.3. By Coating 16.8.4. By End Use 16.9. U.K. 16.9.1. Market Share Analysis, 2022 16.9.2. By Material 16.9.3. By Coating 16.9.4. By End Use 16.10. Russia 16.10.1. Market Share Analysis, 2022 16.10.2. By Material 16.10.3. By Coating 16.10.4. By End Use 16.11. China 16.11.1. Market Share Analysis, 2022 16.11.2. By Material 16.11.3. By Coating 16.11.4. By End Use 16.12. Japan 16.12.1. Market Share Analysis, 2022 16.12.2. By Material 16.12.3. By Coating 16.12.4. By End Use 16.13. India 16.13.1. Market Share Analysis, 2022 16.13.2. By Material 16.13.3. By Coating 16.13.4. By End Use 16.14. GCC Countries 16.14.1. Market Share Analysis, 2022 16.14.2. By Material 16.14.3. By Coating 16.14.4. By End Use 16.15. Australia 16.15.1. Market Share Analysis, 2022 16.15.2. By Material 16.15.3. By Coating 16.15.4. By End Use 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Region 17.3.2. By Product Portfolio 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. DUNMORE Corporation 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments (Product/Channel/Region) 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. 3M Company 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments (Product/Channel/Region) 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Röchling SE & Co. KG 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments (Product/Channel/Region) 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Dow DuPont Inc. 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments (Product/Channel/Region) 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. SERRA GLOBAL TECHNOLOGY, S.L. 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments (Product/Channel/Region) 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Dicalite Management Group, Inc. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments (Product/Channel/Region) 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Johns Manville 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments (Product/Channel/Region) 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. SHANDONG INOV POLYURETHANE CO., LTD. 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments (Product/Channel/Region) 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. JUNGWOO ENE CO., LTD. 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments (Product/Channel/Region) 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. RUAG Space 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments (Product/Channel/Region) 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 19. Assumptions and Acronyms Used 20. Research Methodology
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Cryogenic Insulation Films Market
