LNG Insulation Material Market
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LNG Insulation Material Market Size and Growth
The LNG Insulation Material market is experiencing significant growth, driven by increasing demand for safe and efficient transportation of liquefied natural gas. Current market size is estimated at approximately $5 billion, with a projected CAGR of 6% through 2028, influenced by rising investments in LNG infrastructure and environmental regulations.
Companies Covered
(Covid 19 Impact Covered)
◍ Johns Manville
◍ Saint Gobain
◍ Cabot Corporation
◍ Hertel
◍ BASF
◍ Armacell International Holding
◍ Lydall
◍ Dunmore Corporation
◍ Imerys Minerals
◍ Aspen Aerogels
◍ Yoke Chemical
◍ RöchlingGroup
The LNG insulation material market is competitive, with key players like Johns Manville, Saint Gobain, and BASF innovating products to enhance thermal efficiency and safety. These companies contribute to market growth through advancements in material science and expanded manufacturing capacities. Revenue insights include:
- Johns Manville: ~$3 billion
- BASF: ~$70 billion
- Armacell: ~$1 billion.
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Market Segmentation
By Application
Pipeline System
Oil Storage Tank
LNG
Others
By Product
◍ Cellular Glass
Polystyrene
Fiberglass
Perlite
Others
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Market Growth
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$ X Billion USD
