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Asia-Pacific Cold Insulation Material Market by Type (Fiber Glass, Polyurethane Foam, Polystyrene Foam, Phenolic Foam & Others) & Application (HVAC, Oil & Gas, Refrigeration, Chemicals and Others) - Trends & Forecasts to 2019
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MarketsandMarkets Presents • Asia-Pacific Cold Insulation Material Market • Trends & Forecasts to 2019 http://www.marketsandmarkets.com/Market-Reports/asia-pacific-cold-insulation-material-market-198285813.html
The Asia-Pacific cold insulation material market is expected to grow at a CAGR of 8.0% during the next five years to reach $1,585.5 million by 2019. Asia-Pacific, with its flourishing economy and rapidly expanding industrial sectors, is an emerging market and is expected to experience a huge growth in demand from 2014 to 2019. • The major driving factors of this market are the continuously growing cold chain market in Asia-Pacific on account of growing food and healthcare industry. The other growth driver is industrial development in the major economies. Emerging markets such as China, India, Japan, Australia & New Zealand, and South Korea are in the process of rapid growth and industrialization. Due to rapid industrialization, economic development, and changing lifestyles, the level of production and consumption in the Asia-Pacific region has rapidly increased, which is a major driver of cold insulation material in the region. http://www.marketsandmarkets.com/Market-Reports/asia-pacific-cold-insulation-material-market-198285813.html
http://www.marketsandmarkets.com/Market-Reports/asia-pacific-cold-insulation-material-market-198285813.htmlhttp://www.marketsandmarkets.com/Market-Reports/asia-pacific-cold-insulation-material-market-198285813.html • Gold mining and production (small scale & large scale) are the major growth opportunity areas for activated carbon for mercury control in flue gas to increase their market share and revenue. Global gold production was projected to increase from 2.8 million kg in 2013 to 3.1 million kg by 2015, and 3.3 million kg by 2017. In Australia, gold production is expected to increase by about 59,000 kg from 2010 to 2017 owing to the expected production increases at the Cosmo Deep Mine, the Deleton Mine, and the Tropicana joint-venture project. http://www.marketsandmarkets.com/Market-Reports/asia-pacific-cold-insulation-material-market-198285813.html
Upcoming opportunities such as development of eco-friendly cold insulation products show a promising growth in the Asia-Pacific cold insulation material market. Many cold insulation products are hazardous and cause severe health problems. So, the companies are coming up with plant-based or bio-based cold insulation products. They are also coming up with fiber glass insulation made from 35% recyclable content, thus saving energy costs in manufacturing entirely new products. These products have almost zero Volatile Organic Compounds. These innovations will result in an increase in demand for cold insulation materials in Asia-Pacific. • The Asia-Pacific cold insulation material market is analyzed in terms of value ($Million) application-wise, on the basis of type, for all major countries in Asia-Pacific, namely, China, India, Japan, Australia & New Zealand, South Korea, and Rest of the Asia-Pacific. Fiber glass, PU/PIS foam, polystyrene foam, phenolic foam, and others are the major types of cold insulation material. http://www.marketsandmarkets.com/Market-Reports/asia-pacific-cold-insulation-material-market-198285813.html
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