[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
