Global LNG Insulation Panel Market Growth 2023-2029

Global LNG Insulation Panel Market Growth 2023-2029

LNG insulation panels are designed to cool down natural gas to -163 degrees Celsius to facilitate the storage and transport of LNG. They are mainly used in LNG carriers, but are increasingly being used in FLNG facilities (LNG FPSO/FSRU), fixed offshore platforms, and offshore storage.

LPI (LP Information)' newest research report, the “LNG Insulation Panel Industry Forecast” looks at past sales and reviews total world LNG Insulation Panel sales in 2022, providing a comprehensive analysis by region and market sector of projected LNG Insulation Panel sales for 2023 through 2029. With LNG Insulation Panel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LNG Insulation Panel industry.

This Insight Report provides a comprehensive analysis of the global LNG Insulation Panel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LNG Insulation Panel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LNG Insulation Panel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LNG Insulation Panel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LNG Insulation Panel.

The global LNG Insulation Panel market size is projected to grow from US$ 631.8 million in 2022 to US$ 2991.8 million in 2029; it is expected to grow at a CAGR of 2991.8 from 2023 to 2029.

The global top five LNG insulation panel manufacturers include Dongsung Finetec, Hankuk Carban, Yoke Technology, Roechling, and Meisei, with a total market share of about 90%, of which the largest manufacturer is Dongsung Finetec, with a market share of more than 35%. The Asia-Pacific region is the global most important LNG insulation panel consumer market, with a market share of more than 60%. In terms of type, the market share of foaming agent is about 80%. In the application field, LNG carriers account for more than 70% of the market.

This report presents a comprehensive overview, market shares, and growth opportunities of LNG Insulation Panel market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Foaming Agent
Laminated Densified Wood

Segmentation by application
LNG Carrier
LNG Receiving Station
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Dongsung Finetec
Hankuk Carban
Yoke Technology
Roechling
Meisei
Kingspan Group (Dyplast LOGSTOR)
Kawasaki
TIG

Key Questions Addressed in this Report

What is the 10-year outlook for the global LNG Insulation Panel market?

What factors are driving LNG Insulation Panel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LNG Insulation Panel market opportunities vary by end market size?

How does LNG Insulation Panel break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.