Tank Insulation
Tank Insulation Market 2019 Impressively Grow in Future by Top Companies Analysis- Commercial Thermal Solutions, Inc., The Dow Chemical Company, GILSULATE INTERNATIONAL, INC., ITW INSULATION SYSTEMS, J.H. Ziegler GmbH
Global tank insulation market is expected to register a substantial CAGR of 5.3% in the forecast period of 2019 -2026.
Oil & gas is the largest market for tank insulation materials. In oil & gas, these materials are used for insulation of storage tanks, where crude oil, LNG, and other oil are stored, and also in liquefaction plant, where conversion of natural gas into its liquid state is undertaken. These storage tanks can also be used for storage of other gases including butane, ammonia, chlorine, propane, propylene, carbon dioxide, LNG, LPG, ethylene, oxygen, argon, nitrogen, and hydrogen. This insulation system limits the entry of outside heat inside the systems to keep the liquid cool and allowing it to retain its properties.
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Companies Profiled in this report includes, Commercial Thermal Solutions, Inc., The Dow Chemical Company, GILSULATE INTERNATIONAL, INC., ITW INSULATION SYSTEMS, J.H. Ziegler GmbH, Knauf Insulation, PolarClad Tank Insulation, ARMACELL LLC, Kingspan Group, Synavax, Johns Manville, Mayes Coatings & Insulation, Inc., Thermacon, Gulf Cool Therm Factory LTD, ROCKWOOL International A/S, Cabot Corporation, SPX Transformer Solutions Inc., DUNMORE, T.F. Warren Group, Saint-Gobain, Huntsman International LLC , Corrosion Resistant Technologies, Inc., Röchling Group.
Tank insulation refers to the process in which different chemicals and materials are applied to the inside of tank and also to the surface, to maintain the temperature throughout its usage period. Tank insulation is done to preserve the temperature inside the tank in order to minimize the heat loss. Tanks are used in almost all the industries according to their variable size, shape and media temperature. There are various tanks that are used to store and transport liquid gases with low static evaporation.
Insulation is done by using material or a combination of materials that are applied to restrict the flow of heat. The five most common insulation materials used are: fiberglass, mineral wool, cellulose, polyurethane foam and polystyrene.
Segmentation: Global Tank Insulation Market
Global tank insulation market is segmented into six notable segments which are by type, material type, temperature type, tank type, tank ends and end-user.
- On the basis of type, the market is segmented into storage and transportation
- In March 2019, BASF SE announced new facilities Automotive Application Center and Process Catalysis Research & Development (R&D) to expand its regional innovation capabilities. The Automotive Application Center will strengthen collaboration with the automotive industry and the new research and development facility will offer new process catalysts for chemical industry.
- On the basis of material type, the market is segmented into expanded polystyrene (EPS), rockwool, cellular glass, fiberglass, elastomeric foam, polyurethane (PU) and others
- In April 2018, Cabot Corporation expanded its business of Specialty Compounds to extend its footprints globally. This helped the company to install a new manufacturing facility in Pepinster, Belgium.
- On the basis of temperature type, the market is segmented into hot insulation and cold insulation
- In October 2017, Owens Corning announced its agreement to acquire a European manufacturer of mineral wool insulation. This acquisition will help the company in advancing its building and technical applications by merging the acquired company’s products.
- On the basis of tank type, the market is segmented into vertical tank, horizontal tank, fixed tank and mounted tank
- In August 2018, Armacell acquired Guarto, a leading manufacturer of acoustic insulation solutions. This helped the company to merge the acquired company’s products and enhance its product portfolio.
- On the basis of tank ends, the market is segmented into parabolic dish and flat
- In December 2016, Gilsulate International, Inc. acquired the assets of Dritherm International, Inc(U.S.) .The acquisition provide more value to customers through more consistent and quality product in the underground granular insulation and company will able face the compition in the market.
- On the basis of end-user, the market is segmented into oil & gas, energy and power, chemical, food and beverages, water purification, wastewater purification and others.
- In February , BASF has founded the new company BASF Digital Solutions S.L. located in Spain to drive forward the digital transformation of BASF group and develop innovative IT solutions. BASF is expanding its digital expertise to create innovative digital solutions.
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This Tank Insulation report contains market data that provides a detailed analysis of the ABC industry and its impact based on applications and on different geographical regions, and systemic analysis of growth trends and future prospects. Furthermore, this market research report presents delegate overview of the market in following terms; identify industry trends, measure brand awareness, potency and insights and offers competitive intelligence. It covers a thorough study of current situation of the global market along with several market dynamics. All the data, statistics and information is backed up by well established analysis tools which include SWOT analysis and Porter’s Five Forces analysis. Being an excellent in quality, Tank Insulation market research report gains customer confidence and trust.
What the research report offers:
- Market definition of the global Tank Insulation market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
- Extensive research on the competitive landscape of global Tank Insulation – market.
- Identification and analysis of micro and macro factors that are and will effect on the growth of the market.
- A comprehensive list of key market players operating in the global Tank Insulation
- Analysis of the different market segments such as type, size, applications, and end-users.
- It offers a descriptive analysis of demand-supply chaining in the global Tank Insulation
- Statistical analysis of some significant economics facts
- Figures, charts, graphs, pictures to describe the market clearly.
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Table of Content:
Global Tank Insulation Market Research Report 2019-2026
Chapter 1: Industry Overview
Chapter 2: Tank Insulation Market International Market Analysis
Chapter 3: Environment Analysis of Market.
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Tank Insulation Market Revenue Market Status.
Chapter 7: Analysis of Industry Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis of Market.
Continue To TOC…..
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