Cold Insulation Market
Cold insulation materials are a mix of two or more materials to reduce heat gain for saving energy expenses. The material is dependent on the application and prevents the entry and formation of moisture. Polyurethane and rubber are materials used the most to prevent moisture formation and keeping the heat out. The global cold insulation material market report by Market Research Future (MRFR) covers pertinent trends, opportunities, and threats to gain accurate insights and make estimations till 2027.
Cold Insulation Market Scope
The global cold insulation market is expected to exhibit 5.2% over the forecast period. The energy-efficiency requirement of major industries is likely to be the biggest driver of the market. Strict regulations stressing the importance of energy savings and outlining of guidelines by government agencies can influence the market. Infrastructural projects can fuel the market to a considerable degree. The inclination of buildings and commercial complexes for going green via their energy uses and the installation of certain materials can bode well for the market.
The food & healthcare sector can trigger the need for cold insulation materials due to the growth of cold chain solutions globally. Changing lifestyles, rapid industrialization, and increased consumption of foods among the populace can influence the market. Opportunities are abound in the form of eco-friendly solutions. The demand for air conditioning and refrigerating solutions can yield dividends for the global market till 2023. Retrofitting of shells in buildings with polyurethane foams can curtail energy costs.
However, health hazards caused by cold insulation materials can impede market growth
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Sodium Methylate Market Competitive Analysis
Some of the key players operating in the global sodium methylate manufacturers market are Evonik Industries AG (Germany), Desatec (Germany), Brenntag NV (Belgium), American Elements (US), Supra Group of Companies (India), TGV Group (India), MSSA (China), BASF SE (Germany), Inner Mongolia Lantai Industrial Co., Ltd (China), FRP Services & Company (Japan), The Good Scents Company (US), Alfa Aesar (US), Fenix Process Technologies Pvt Ltd (India), and Gelest, Inc. (US).
Sodium Methylate Market Regional Analysis
The global sodium methylate market report, by region, has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-Pacific accounted for the largest share of the global sodium methylate in 2017 and is expected to register a healthy CAGR during the review period. The increasing demand for chemicals in industries such as automotive, paints & coatings, and building & construction is likely to boost the growth of the sodium methylate market analysis in the region.
The markets in North America and Europe are expected to witness significant growth on account of the increasing use of sodium methylate in the pharmaceuticals industry. Additionally, the growing preference for biodiesel in the transportation sector on account of increasing environmental regulations to curb CO2 emissions is likely to propel the regional market growth during the forecast period.
The Latin American and the Middle East and African markets are expected to register moderate CAGR during the review period on account of the growing industrial base and increasing per capita disposable income of consumers.
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