Tank Insulation Market Expected to Grow at 6.5 Billion in Revenue by 2023 | Growth Factors, Business Developments, Segmentation and Technologies
Get This Report with Special Discount | Tank Insulation Market report provides analysis of top players in all regions with industry size, growth, revenue, cost, sales, technology, market insights, demand, trend, key statistics and industry forecasts to 2023.
Pune, India – April 30, 2019 /MarketersMedia/ —
ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global tank insulation market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.
The Tank Insulation Market size is projected to grow from US$ 5.2 Billion in 2018 to US$ 6.5 Billion by 2023. Tank Insulation Market spread across 125 Pages, profiling 11 companies and supported with 66 tables and 39 figures are available in this research report.
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Most Popular Companies in the Tank Insulation Market include are
• Rockwool International A/S (Denmark)
• Owens Corning (US)
• Saint-Gobain (France)
• Kingspan Group (Republic of Ireland)
• Armacell International S.A. (Germany)
• Cabot Corporation (US)
• Johns Manville (US)
• Knauf Insulation (US)
• BASF SE (Germany)
• Covestro AG (Germany)
The PU & PIR segment is expected to lead the tank insulation market, in terms of value, from 2018 to 2023.PUR & PIR foams are lightweight, moisture and fire resistant, and have low thermal conductivity and density. They also provide better structural performance. These properties enable their use in extreme temperature conditions. They are used in various applications in oil & gas, chemical, and food & beverage industries.
“The Oil & Gas end-use industry is projected to account for the largest share of the overall tank insulation market, in terms of value, between 2018 and 2023.”
Oil & Gas is the largest market for tank insulation materials. In oil & gas, these materials are used for insulation of storage tanks, where crude oil, LNG, and other oil are stored, and also in liquefaction plant, where conversion of natural gas into its liquid state is undertaken. These storage tanks can also be used for storage of other gases including butane, ammonia, chlorine, propane, propylene, carbon dioxide, LNG, LPG, ethylene, oxygen, argon, nitrogen, and hydrogen.
“APAC is expected to be the fastest-growing tank insulation market during the forecast period, in terms of value.”
The APAC Tank Insulation Market is estimated to witness considerable growth owing to rising demand for storing and transporting tank fluids in awide range of end-use industries such as chemicals, oil & gas, and energy & power. Increasing investment in the energy sector is expected to drive the tank insulation market in the region during the forecast period. In addition, continued industrialization and growth in the manufacturing sector of the region drive the demand for tank insulation.
Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 46%, Tier 2 -31%, and Tier 3 – 23%
• By Designation: C-Level – 46%, Director Level – 27%, and Others – 27%
• By Region: North America – 33%, Europe – 27%,APAC- 27%,Middle East & Africa – 6%,and South America – 7%
Report Highlights:
• To strategically profile the key market players and comprehensively analyze their core competencies
• To estimate and forecast the market size by material, type, temperature, end-use industry, and region
• To define, describe, and forecast the market size of Tank Insulation, in terms of value and volume
• To forecast the size of the market with respect to five main regions (along with key countries of each region), namely, North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa
• To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
• To track and analyze recent developments such as expansions and acquisitions in the market
Reason to buy this report:
Tank Insulation Market research report is focused on various levels of analysis—industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the tank insulation market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
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Competitive Landscape of Tank Insulation Market:
1 Overview
2 Key Market Players
3 Competitive Situation and Trends
3.1 Expansion
3.2 New Product Launch
3.3 Acquisition
3.4 Agreement
3.5 Investment
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Source: MarketersMedia
Release ID: 507797
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