Cryogenic Insulation Industry: Analysis, Trends, Recent Developments, and Forecast Till 2030
Market Synopsis Cryogenic Insulation Market is projected to be worth USD 6.42 billion by 2028, registering a CAGR of 8.11% during the forecast period (2021 - 2030), The market was valued at USD 3.65 billion in 2020. Cryogenic insulation is used to reduce or eliminate the energy loss from the cold storage tanks and transfer lines. Cryogenic insulation effectively controls a system’s environment and helps in maintaining economic effectiveness. Cryogenic insulation are high-performance materials such as polyisocyanurate, polyurethane, expanded foams, fiberglass cellular glass, polystyrene, and aerogel. The growing demand for cryogenic equipment in the food & beverage and medical industries coupled with increasing demand for liquified natural gas (LNG) and various industrial gases is expected to drive the growth of the cryogenic insulation material market during the forecast period. Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/8494 Pric...