The food & beverage industry is expected to dominate the refrigeration insulation materials market and accounted for a share of 46% in 2019. The global demand for food & beverage has significantly increased due to the growing population. Due to growing environmental issues, the total irrigable land area has reduced drastically in the last decade, thereby putting more emphasis on food preservation. Food processing and preservation are likely to boost the demand for refrigeration. Thus, the refrigeration insulation materials market is expected to grow in the food & beverage industry.

Increasing demand for food preservation, growing LNG demand, and increased oil and gas production has positively impacted the refrigeration insulation market. Europe is the largest market for refrigeration insulation materials, followed by APAC and North America.

Request Report Sample At https://www.marketsandmarkets.com/requestsampleNew.asp?id=150806980

Armacell is the largest player in the refrigeration insulation materials market. The company is developing its business via expansion in countries such as APAC and the Middle East. It mainly focuses on channel selling and expansion to strengthen its position in the market. The company is also focusing on new product developments. It also utilizes partnerships to increase its market share.

Kingspan is one of the major manufacturers of refrigeration insulation materials. The company is focusing on expansion as well as acquisition strategies. It has maintained a very strong global presence through its global acquisition strategy. The company also caters to a wide range of insulation materials and also focuses on material development and innovation. The company acquired four different companies between 2017 and 2019.

To Know More Insights https://www.prnewswire.com/news-releases/early-impacts-of-covid-19-on-refrigeration-insulation-materials-market–exclusive-report-by-marketsandmarkets-301040874.html