Tungsten Carbide Powder Market | Comprehensive Analysis, Market Segments, Key Players and Opportunities 2020-2027

 

Market Overview:

Tungsten carbide powder is a chemical compound that comprises atoms of tungsten and carbide and is produced by reacting tungsten powder with high purity carbon at temperatures between 1300–1600C in hydrogen atmosphere. It is the most conventional process to produce tungsten carbide powder and known as carburization. Owing to its unique properties such as hardness, high modulus of elasticity, and strong electrical and thermal conductivity, tungsten carbide powder has found applications in several end-use industries such as building & construction, oil & gas, automotive, mining, and aerospace & defense.

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The market for tungsten carbide powder is driven by the increase in demand for hard-wearing machinery tools for cutting, drilling, and mining purposes. Furthermore, the growing building & construction and automotive industries are is expected to have a significant impact on increasing demand for tungsten carbide powder materials, thereby propelling the growth of global tungsten carbide powder market. The rapid industrialization in Asia-Pacific is also expected to boost the growth of the market during the forecast period.

 Industry Segmentation:

The global tungsten carbide powder market is segmented by grade, application, end-use industries, and region. 

Various grades of tungsten carbide powder are available in the market such as rotary drilling & mining, metal forming & wear, submicron, corrosion resistant, general purposes, and others. Among these, the rotary drilling & mining grades are the leading segments in the market owing to high impact resistance, stiffness, and ability to perform in severe conditions.

The application segment includes cutting tools, wear parts, roll & die, diamond tools, mining tools, and abrasive products. The carbide cutting tools are often used for machining through materials such as carbon, stainless steel, and in situations where other tools would wear away. They offer a better finish and allow faster machining at a much higher temperature than standard high-speed steel tools.

The mining & construction end user segment is leading the market growth owing to the high product demand in top-hammer rock drill bits, downhole hammers, roller-cutters, longwall plough chisels, longwall shearer picks, raise boring reamers, and tunnel boring machines. This growth is attributed to its superior properties such as resistance to abrasion & impact, toughness, and hardness.

Competitive Analysis

• Sandvik AB
• Kennametal
• CERATIZIT S.A.
• Federal Carbide Company
• GuangDong XiangLu Tungsten Co.,Ltd
• Nanchang Cemented Carbide Co., Ltd.
• JAPAN NEW METALS CO., LTD.
• Umicore
• ChinaTungsten
• C. Starck GmbH
• Reade International Corp.
• Merck KGaA

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Regional Analysis

The global tungsten carbide powder market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global tungsten carbide powder market in 2016 on account of the high demand from the major end-use industries such as construction, transportation, and aerospace in countries such as Japan, India, China, and others.

North America was the second largest region in the global tungsten carbide powder market in 2016 owing to the high demand from the military & defense, automotive, and aerospace industries.

The high product demand from the manufacturing of various automotive parts in Western European countries is likely to influence the market growth.

The Latin American region is expected to grow significantly due to the growing automotive industry in the region.

The increasing exploration of oil & gas reserves and infrastructural hub present in the GCC countries is likely to drive the market in the region.

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Treated Distillate Aromatic Extracts Industry Size, Opportunities, Sales Revenue, Emerging Technologies, Industry Growth and Regional Study by Forecast to 2027

 

Treated Distillate Aromatic Extract (TDAE) are used in a large variety of finished products in the chemical and manufacturing industries. It is used as a softening additive in the manufacturing process of rubber compounds. Due to its high aromatic content leads to the reduction of frictional heat buildup during the use of tires. It is also used in manufacturing of other automotive components such as belt, hoses, battery containers and other extruded products. TDAE is used to blend with heavy fuels is an important commercial use in chemical plants and maritime transport.

 

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Some of the prominent factors that positively influence the growth of TDAE Market are, increasing crude oil production reducing the raw material gap, rising demand for efficient tires to reduce power consumption, and increasing maritime trade. Increasing urbanization along with rising per capita disposable income in the developed and emerging economies are predicted to drive the growth of the market over the forecast period, 2017 to 2023. High adoption rate along with the increasing number of power plants to meet the energy requirements for the ever-growing population. Moreover, continuous expansion of automotive sector as well as shifting manufacturers focus towards cost effective vehicles are estimated to fuel the growth of the market during the review period, 2017 to 2023. However, growing environmental concerns regarding the toxic effect of chemicals used in TDAE along with the implementation of strict regulations are predicted to hinder the market growth over the assessment period, 2017 to 2023.

Regional Analysis:

 

The Middle East & Africa is estimated to be the largest TDAE Market followed by North America and Europe due to strong existence of crude oil reserves. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for TDAE in automotive parts manufacturing. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for TDAE, and is estimated to grow with the same pace over the forecast period. In North America, U.S. and Mexico are among the major contributors in the regional market growth due to expansion of offshore and onshore activities as well as increasing innovations. In South America, Mexico is expected to register strong growth due to robust presence of automobile manufacturers.

 

Market Segmentation:

 

The Global TDAE Market is categorized on the basis of application, and region. On the basis of application, the TDAE market is categorized into tires & tubes, belting & hoses, battery containers, extruded products, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

 

Key Players:

 

Some of the prominent players operating in the Global TDAE Market are Lanxess (Germany), Royal Dutch Shell plc (the Netherlands), Total S.A. (France), Eni S.p.A. (Italy), Gazpromneft Lubricants (Russia), ATDM (Iran), H&R Group (Japan), Halliburton (U.S.), Nynas (Sweden), and CPC Coproration (China), among others.

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Superwetting Surfactants Market | Trends, Analysis by Key Manufacturers, Trends, Growth, And Regional Outlook and Forecast 2020-2027

 

Market Insights:

The key factors driving the growth of this market are the rapidly growing demand for the product in the agrochemicals to increase their performance. Their physical properties such as excellent spreading, good solubility in water and organic solvents, and high polymer content favor their demand in the paints and coatings industry. There is a rising global demand for label packaging, which provides the nutritive and product information. Superwetting surfactants are widely used in developing the coating formulations especially for the hard-to-coat surfaces such as metals, wood, and composites. This is expected to propel the global market growth in the coming years.

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Competitive Analysis

·        BYK

·        BASF SE

·        Ethox Chemicals LLC

·        Siltech Corporation

·        Evonik

·        AGC SEIMI CHEMICAL CO.

·        Ashland

·        The Dow Chemical Company

·        Jiangxi Tiansheng New Materials Co., Ltd.

·        BRANDT

Market Segmentation

The global superwetting surfactants market has been segregated on the basis of type, application, and region.

By type, the global superwetting surfactants market has been divided into organic surfactants, silicone-based surfactants, fluoro-surfactants, and others. The silicone-based segment accounted for the largest market share in 2017 and is expected to register the highest CAGR on account of high demand in the agrochemicals industry. In addition, the product is widely use in developing coating formulations for the automotive industry.

On the basis of application, the global superwetting surfactants market has been categorized into agricultural adjuvants, paints & coatings, cleaning, printing inks, overprint varnishes & primers, adhesives, and others. The agricultural adjuvants segment held the largest market share in 2017 and is projected to be the leading segment in the coming years. The growing demand for highly efficient agrochemicals with minimal negative impact is likely to boost the demand for superwetting surfactants as a performance enhancer. Furthermore, the coatings and varnishes application segment is expected to register a healthy CAGR during the forecast period.

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Regional Analysis

Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa are the five key regions studied for the global superwetting surfactants market. Asia-Pacific accounted for the largest market share in 2017 and is projected to be the fastest growing regional market. This is primarily attributed to the surging demand for the product in agrochemicals, paints and coatings and consumer goods industries in this region.

The market in North America is expected to hold the second-largest market share on account of rapid growth in demand for the product for increasing the agricultural productivity. The European market is expected to witness sluggish growth during the forecast period.

Intended Audience

• Superwetting Surfactants Manufacturers
• Traders and Distributors of Superwetting Surfactants
• Research and Development Institutes
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratories

 

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Steel Rebar Market Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2027

 

Market Synopsis:

According to the MRFR analysis, the Global Steel Rebar Market is projected to reach a market value of over USD 290 Billion by the end of 2027 at a CAGR of over 4%.

Rebars, also known as reinforcement steel or reinforcing steel, are steel bars or a mesh of steel wires used in reinforced concrete and masonry structures to strengthen and hold the concrete in tension as well as to improve the quality of the bond with the concrete. The tensile property provided by the steel reinforcement helps to prevent and minimize cracks in concrete under tension loads. The coefficient of thermal expansion of steel reinforcement and concrete are similar and undergo similar expansions during temperature changes, which ensures that the concrete is subjected to minimal stress during temperature variations.

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The prominent factor favoring the growth of the global market is the increasing demand for steel rebars in the building & construction industry, especially in residential construction and infrastructure projects. As per MRFR analysis, the expenditure in the global construction industry was USD 11.2 trillion in 2018 which is rising significantly year-on-year and is expected to reach USD 13.4 trillion by the end of 2024. The expanding construction sector in the emerging economies of Asia-Pacific is likely to drive the market growth during the forecast period. The growing investments in infrastructural development in Southeast Asian economies such as Thailand, Indonesia, Malaysia, Myanmar, Singapore, and Vietnam are likely to favor the global market growth. For instance, the government of Thailand has announced an investment of approximately USD 26 billion for its infrastructure development projects such as railways, commercial buildings, airports, public roads and highways, and shipping ports.

However, the availability of effective and low-cost alternatives to steel rebars in the residential construction applications is expected to be a key factor hampering the market growth in the years to follow.

Regulatory Analysis and Trade Analysis

The American Society for Testing and Materials (ASTM) has created a standard identification ruling that all rebars must comply with:

The number must identify the bar size.

 

The symbol for the type of steel must be noted. For instance, "N" means the bar was rolled from a new billet, "A" designates rolled axle steel, and "W" stands for weldable steel.

The rebar grade identification must be cited, the grade indicates the rebar yield strength.

A symbol identifying the manufacturer that rolled the bar must be included.

Grades of Rebar in Different Codes

Steel Rebar Market Outlook and Opportunities in Grooming Regions with Forecast 2027-Press release image-00

Source: ASTM International, The Concrete Centre, The Indian Concrete Journal, and MRFR Analysis

SEGMENTATION

By Type

 

 

Mild: The mild steel rebars have a plain and round-shaped surface and they are available in various sizes from 6 mm to 50 mm. They are used in concrete for special purposes, such as dowels at expansion joints, for contraction joints in roads and runways, and for column spirals. They are easy to cut and bend without damage. The residential and commercial construction sectors are the major consumers of mild steel rebars. This segment held the second-largest share of the market, around 30%, in 2019.

Deformed: Deformed steel rebars have higher tensile properties as compared to other steel rebars. These rebars have ribs, lugs, and indentations on their surface, which reduces slippage and allows for superior bonding between the concrete and the rebar. These rebars offer better ductility and malleability, high yield strength and toughness, high bonding strength, earthquake resistance, excellent corrosion resistance, high thermal resistance, and are economical and safe for use. In construction, they are extensively and majorly used for reinforcement purposes. These bars are used in structural buildings like bridges, dams, road construction, and other heavy structures as well as in residential construction projects. The deformed segment held the largest share of 55% in the global market in 2019.

Others: The others segment includes European rebars, epoxy-coated rebars, and stainless-steel rebars. The majority of these rebars are costly and are used in specific applications in the construction industry.

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By End-Use

Infrastructure: The growth of the infrastructure segment is primarily driven by the increasing investments by the governments of developing economies across the globe. For instance, the Smart City project, the Dubai Expo 2020, the Lusail City project, and Qatar’s FIFA World Cup 2022 undertaken by the Middle East governments; since 2018, the National Development and Reform Commission (NDRC) of China has approved 27 infrastructure projects with a value of around USD 220 billion. This segment accounted for a share of over 35% in 2019 and is expected to register the highest CAGR during the forecast period.

 

Residential Construction: The residential construction sector is the major end-use segment for the steel rebar market, with a share of around 45% in 2019. The rising residential and commercial construction, especially in India and China, due to the growing economies and population, the increasing government and private sector investments, the rising per-capita incomes, growing consumer spending, and the improving standard of living are together expected to boost the demand for steel rebars in the region and thus favor the growth of the segment in the years to follow.

 

Commercial Construction: The commercial construction segment is expected to witness healthy growth, particularly in the developing economies of Asia-Pacific, Latin America, and the Middle East & Africa. Widespread use of steel rebars in non-residential construction, such as high-rise buildings, warehouses, industrial construction, shopping malls is expected to favor the growth of the segment in the years to follow.

 

By Region

 

North America: The growth of the residential construction sector and the ongoing infrastructure development projects, primarily in the US, is the primary driver for regional market growth.

Europe: Western European countries, including Germany, France, and Spain, are the major contributors to the regional market growth. The established building & construction industry is expected to support the growth of the regional market during the forecast period.

Asia-Pacific: Asia-Pacific is the largest and fastest-growing regional market for steel rebars, with China and India being the leading country-level markets.

Latin America: The booming construction sector in Mexico and Brazil is likely to fuel the demand for steel rebars in Latin America in the coming years.

Middle East & Africa: The high growth potential of the paints & coatings industry and the expanding construction sector in the GCC countries is expected to propel the regional market growth during the forecast period.

Steel Processing Market Size, Business Opportunities, Future Demand, Competitive Landscape and Growth by Forecast 2027

Steel Processing Market Overview to 2022

Steel processing is done to produce varied intermediate steel products which serve as inputs to business in other industries. As per the analysis of market Research Future (MRFR), the global steel processing market is expected to reach USD 600 Bn at a CAGR of 2% by the end of the forecast period of 2016-2022.

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Steel is the most widely used structural material in the world and practically finds application in almost all industries. The global steel processing industry is growing in tandem with the increase in global industrial production. High industrial output in advanced economies along with rapid industrialization in the developing countries has provided impetus to the growth of the global steel processing industry. Steel forms an indispensable part in a myriad of products. The urban population requires a massive amount of new steel products which boosts the growth of the market.

Increasing infrastructural activities, especially in the developing countries induce high demand within the steel processing market. Steel is largely used in the making of railway tracks, roads, bridges, and others.

Competitive Landscape

·        Tata Steel Ltd

·        Hyundai Steel Co.

·        ThyssenKrupp AG

·        Steel Authority of India Limited

·        Bridon International Ltd

·        Hebei Iron & Steel Co Ltd

·        Kobe Steel, Ltd.

·        Jiangsu Shagang Group Company Limited

·        Severstal PAO

·        Maanshan Iron & Steel Company Limited.

Industry Updates

February 2019- Steel Authority of India Limited (SAIL), inaugurated its new steel processing unit in Champaran, Bihar. An investment of 1.16 billion has been made on ten same and the production facility will churn out high-quality steel tubes and pipes.

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Market Segmentation

The global Steel Processing Market has been segmented based on steel type and application.

By steel type, the global steel market has been segmented into Alloy Steel, and Carbon Steel. The carbon steel segment is expected to lead the global market. Being harder than alloy steel, carbon steel is extensively used for construction purposes.

By application, the global steel processing market has been segmented into Construction, Energy, Automotive, Consumer Goods and others. Application-wise, the construction segment is expected to dominate the market.

Regional Analysis

Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW) are the key markets for steel processing.

APAC market for steel processing is expected to showcase rapid growth over the forecast period due to large-scale industrialization taking place in the region. The major shift in manufacturing base in APAC has further accelerated the growth of the steel processing market in the region. Availability of relatively cheap labor and land coupled with ease of operations purveyed by favorable government policies has led to set up multiple steel processing plants in the region. Infrastructural development in the region generates high demand for processed steel. Availability of iron ore in abundance in the region is also a factor that cannot be ignored. China, India, Japan, Brazil are among the countries with high steel production capacity.

North America too is a significant market for steel processing driven by continuous demand for steel from various industries. The US is among the world's top steel producing economy.

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Silicone Additives Market Share, Trends, Sales, Industry Latest News, and Consumption by Forecast to 2027

 

Market Overview:

Silicone Additives are widely used in some of the end use application such as food & beverage, personal & homecare, paints & coatings, construction, plastic & composites, paper & pulp, and others. The silicone additives market is estimated to witness significant growth due to their unique properties along with excellent usage in numerous end use industries specifically in cosmetics & personal care, construction, and automotive.

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Among the application segment, in 2016, plastic & composites holds for the largest application segment and is projected to retain their dominance due to continuous growth of paints & coatings, and food & beverage industry in emerging economies. The factors attributed to the silicone additives market growth are significant growth of personal & homecare in developing countries, increasing automotive production and sales, and expanding construction sector. Moreover, expanding population coupled with burgeoning demand for good quality cosmetics has raised the consumption of silicone additives based personal care products which is likely to propel the growth of the market over the assessment period.

Industry/ Innovation/ Related News:

November 2017- DowDupont, a leading manufacturer of specialty chemicals launched silicon additive named as Dow Corning 904H coating additive for architectural façade coatings which offers improved aesthetics for building exteriors. This product also enhance water resistance, repellency, and beading in coatings by rising their surface hydrophobicity. This product launch enhanced company’s status among the silicon additives providers.

September 2017- Shin-Etsu Chemical Co., Ltd., announced to expand their manufacturing capacity of their Akron, Ohio plant which is already involved in the production and sales of silicones. The construction work is estimated to be complete by the end of 2019. With this expansion, the company will strengthen their position among the silicone additives manufacturer.

November 2017- Spherix Mineral Products signed an agreement with ChemSpec to distribute Dispersix brand of HCR silicone processing additives. This distribution agreement will help company to strengthen their presence in Mexico and U.S.

Competitive Landscape

The Silicone Additives report has examined the level of competition amid the major manufacturers in silicone additives market as well as industry growth and market scenario. The global silicone additives market composed of wide range of producers operating in the market which involves medium level and large scale suppliers. Some of the key operating producers of silicone additives which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high level suppliers belongs to this province specifically from the Philippines, Malaysia, Taiwan, Japan, Australia, China, South Korea, India, and Thailand. Moreover, the key manufacturers of silicone additives are observed to follow various strategic plans to enhance their product portfolio such as product launches, strategic acquisition, distribution agreements, joint ventures, and mergers, and exclusive agreements. Some of the key producers in this market are estimated to improve their production capacity of silicone additives to meet the rising demand for silicone additives across the globe.

Global Key Player:

Ø  KCC Corporation

Ø  Wacker Chemie AG

Ø  BYK Additives

Ø  Siltech Corporation

Ø  BRB International

Ø  DowDuPont, Evonik Industries AG

Ø  Shin-Etsu Chemical Co., Ltd

Ø  Elkem, and Momentive 

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Regional Analysis:

Geographically, Asia Pacific is estimated to hold the largest silicone additives market share in 2016 which is followed by North America and further trailed by Europe. North American silicone additives market is anticipated to exhibit moderate growth during the review period due to growing awareness regarding the benefits associated with product along with raised consumption in end use application in this region. Asia Pacific is estimated to witness tremendous growth over the assessment period in silicone additives market due to increasing application of silicone additives in numerous end use application segment. In Asia Pacific, the demand for silicone additives is estimated to improve in numerous countries such as Japan, South Korea, Indonesia, the Philippines, Taiwan, India, and China owing to rising population along with shifting of production units for most of the key operating players in this region. In Europe, silicone additives market is predicted to register above average growth owing to shifting consumer preference towards the silicone additives along with high adoption rate in automotive, plastic & composites, and paper & pulp specifically in France, Italy, Belgium, Germany, Poland, Spain, UK, and Russia.

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Refrigeration Insulation Materials Market Size Share, Growth, Trends, and Forecast 2016 – 2027

 

Market Forecast

Global Refrigeration Insulation Materials Market Size is expected to exhibit a CAGR of around 5% during the forecast period and cross USD 5 Billion by 2027.

Refrigeration insulation materials are extremely important for efficient cooling operations. They reduce energy costs for operating chillers and refrigeration equipment as well as help in limiting heat gains in an industrial refrigeration system.

Regulatory Framework

A large number of regulatory norms have been imposed on the production of refrigeration insulation materials.

Segmentation

By Type

Refrigeration insulation materials Market Size, by type, have been segmented into PU & PIR, elastomeric foam polystyrene, fiberglass, phenolic foams, and others.

• The PU & PIR type segment is highly effective, lightweight, and can bond to most materials. Owing to such benefits, it emerged as the leading segment in 2019. PU & PIR have extremely low thermal conductivity and high strength to weight ratio. They provide a wide range of products, in combination with excellent manufacturing versatility. The high demand for PU & PIR foams can be attributed to their highest R-value and are mostly used in freezers, coolers, and commercial and household refrigeration systems.

• Elastomeric foam insulation is fiber free, prevents condensation, and resists mold without a separate, fragile vapor retarder. It provides long-term durability and protection. The demand for elastomeric foam has increased sharply over the last two decades due to heightened awareness regarding indoor air quality (IAQ). These foams do not contain formaldehyde or fibers and have very low volatile organic compounds (VOCs), and therefore are widely used.

• Lightweight polystyrene foam provides efficient thermal insulation in numerous applications, such as building walls and roofing, refrigerators and freezers, and industrial cold storage facilities. Polystyrene insulation is inert, durable, and resistant to water damage. Polystyrene foam is available in two types, namely, expanded and extruded. This foam is also used in packaging peanuts for shipping, food packaging, meat/poultry trays, and egg cartons.

• Fiberglass is durable, safe, and offers high thermal insulation; it finds uses in the beverage industry, chemicals industry, cooling towers, food processing, manufacturing, pulp & paper, metals & mining, and automotive industries, among others.

• Phenolic foams are projected to witness significant growth during the assessment period, owing to better insulation capabilities and a higher R-value at a cheaper cost as compared to PU & PIR.

• The others segment includes cellulose, mineral wool, and aerogel.

By Application

Refrigeration insulation materials, by application, have been segmented into commercial, industrial, cryogenic, and refrigerated transportation.

• The commercial segment accounted for the largest market share in 2019. Growing demand for retail groceries, refrigerated vending machines, commercial refrigerators, and chillers has had a positive impact on the commercial segment. Freezing food helps extend shelf life and prevents deterioration of flavor, texture, color, and nutritional content, which drives the demand for commercial refrigeration systems.

• In industrial applications, refrigeration systems are used in places like cold food storage, dairy processing, beverage production, ice rinks and heavy industry, and others. Other industrial applications for refrigeration systems include pharmaceuticals, chemicals, healthcare, data centers, etc.

• Cryogenic refrigeration is a process of cooling equipment and components below -150⁰C using refrigerants such as helium, hydrogen, and nitrogen.

• Refrigerated transportation for shipping freight requires special, temperature-controlled vehicles. Refrigerated transportation is used for shipping perishable food products such as meat and dairy as well as temperature-sensitive items such as medical products and pharmaceuticals.
  
  

By End-Use Industry

Refrigeration insulation materials, by end-use industry, have been segmented into food & beverage, chemicals & petrochemicals, pharmaceutical, healthcare, and others.

• The food & beverage industry dominated the global Refrigeration Insulation Materials Market Size in 2019, accounting for more than 40% of the market share. This is attributed to the rising food demand and concerns regarding food safety & security on the backdrop of the growing global population. A wide range of refrigeration equipment is used in food processing such as central built-up refrigeration plants, pumping systems, cold storage, spiral freezers, cooling tunnels, industrial ice makers, chilling systems, and others.

• The use of refrigeration systems in distillation, crystallization, or condensation, among other processes in the chemicals & petrochemical industries is projected to fuel the demand for refrigeration insulation materials during the review period.
  
  

• Refrigeration systems are used in the pharmaceutical industry for preserving drugs, vaccines, and serum, thus ensuring the best conditions for treatments and preventive activities in the medical field.

• Medical devices used in dialysis as well as disinfectants and sterilants, skin substitutes and burn products, organ preservation, and dental products, among others, are advised by FDA to be refrigerated, driving the demand for refrigeration insulation materials.

• The others segment includes district cooling, data centers, electricity production, semiconductor, textile, and metallurgical applications, to name a few.

By Region

• North America: The market in this region is primarily driven by the significant demand for dairy and meat products. The presence of large-scale food processing industries in the US, coupled with favorable eating habits of the consumers drives the regional market.

• Europe: The presence of key players such as Armacell, K-flex, and Kingspan, along with the growing emphasis on energy conservation and use of low GWP materials, are influencing the growth of the Refrigeration Insulation Materials Market Size in the region.
  
  

• Asia-Pacific: It is the fastest-growing regional market. The presence of growing economies such as Thailand, India, Malaysia, and others fuels market growth.
  
  

• Latin America: Rising demand for ready-to-eat products, beverages, and frozen foods is increasing in Latin America, which is further propelling the demand for commercial refrigeration equipment.

• Middle East & Africa: Economic development coupled with rising population promotes the demand for wide range of end-use products, which in turn, drive the demand for refrigeration insulation materials in the region.

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