Global Cold Insulation Material Market Size Study & Forecast, by Material, End-Use Industry, and Regional Forecasts 2025-2035

Description

The Global Cold Insulation Material Market is valued at approximately USD 7.7 billion in 2024 and is anticipated to register a promising compound annual growth rate (CAGR) of 7.80% over the forecast period 2025 to 2035. Cold insulation materials are pivotal in minimizing energy losses, preserving temperature-sensitive processes, and enhancing system efficiency in a variety of industrial applications. These materials are engineered to perform under sub-ambient conditions, offering superior thermal resistance and moisture control. Increasing environmental awareness, coupled with intensifying demand for energy-efficient infrastructure, has fueled the adoption of cold insulation materials across oil & gas pipelines, cryogenic systems, refrigerated transport, and HVAC equipment. Additionally, their critical role in maintaining process integrity in chemical and food industries further underpins their rising utility worldwide.

The expanding oil and gas sector, particularly in liquefied natural gas (LNG) transport and storage applications, continues to be a major driver for cold insulation demand. As global infrastructure moves toward sustainability and cost-efficiency, companies are actively investing in phenolic foam, polyurethane foam, and fiberglass-based insulation systems due to their high compressive strength and low thermal conductivity. According to the International Energy Agency (IEA), global natural gas demand is projected to grow steadily into the 2030s, necessitating vast networks of temperature-controlled pipelines and storage units. Similarly, growth in chemical processing, HVAC systems in commercial buildings, and temperature-sensitive pharmaceutical transport further stimulates innovation in cold insulation technology, promoting the use of durable and low-emission insulation solutions.

Regionally, North America is projected to retain a significant share of the cold insulation material market owing to established oil & gas infrastructure, strong building codes related to energy conservation, and the presence of major chemical manufacturers. Europe is set to follow closely, backed by stringent energy efficiency regulations and active retrofitting initiatives across aging industrial facilities. However, the Asia Pacific region is forecasted to emerge as the fastest-growing market over the coming decade. The region's rapid industrialization, urban development, and expansion of cold storage logistics-particularly in India, China, and Southeast Asia-are catalyzing demand for cold insulation materials. The proliferation of refrigeration units for pharmaceuticals and food preservation amid rising e-commerce further accelerates regional market momentum.

Major market players included in this report are:

BASF SE
Owens Corning
Huntsman Corporation
Armacell International S.A.
Johns Manville
Kingspan Group plc
Dow Inc.
Aspen Aerogels Inc.
L'Isolante K-Flex S.p.A.
Rockwool International A/S
Saint-Gobain S.A.
G+H Group
Fletcher Insulation
NMC SA
Recticel NV/SA

Global Cold Insulation Material Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Material:

Phenolic Foam
Fiber Glass
Polystyrene Foam
Polyurethane Foam
Other

By End-Use Industry:

Oil and Gas
Chemicals
HVAC
Refrigeration
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Cold Insulation Material Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Cold Insulation Material Market Forces Analysis

3.1. Market Forces Shaping the Global Cold Insulation Material Market (2024-2035)
3.2. Drivers
- 3.2.1. Rising demand for energy-efficient and sustainable infrastructure solutions
- 3.2.2. Expansion in LNG transport, storage, and industrial refrigeration applications
3.3. Restraints
- 3.3.1. High cost of installation and maintenance of insulation systems
- 3.3.2. Volatility in raw material prices affecting product cost structure
3.4. Opportunities
- 3.4.1. Surge in cold chain logistics, especially in pharma and food sectors
- 3.4.2. Technological advancements in material engineering and thermal performance

Chapter 4. Global Cold Insulation Material Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Cold Insulation Material Market Size & Forecasts by Material 2025-2035

5.1. Market Overview
5.2. Global Cold Insulation Material Market Performance - Potential Analysis (2025)
5.3. Phenolic Foam
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
5.4. Fiber Glass
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market Size Analysis, by Region, 2025-2035
5.5. Polystyrene Foam
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market Size Analysis, by Region, 2025-2035
5.6. Polyurethane Foam
- 5.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.6.2. Market Size Analysis, by Region, 2025-2035
5.7. Other
- 5.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.7.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Cold Insulation Material Market Size & Forecasts by End-Use Industry 2025-2035

6.1. Market Overview
6.2. Global Cold Insulation Material Market Performance - Potential Analysis (2025)
6.3. Oil and Gas
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
6.4. Chemicals
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis, by Region, 2025-2035
6.5. HVAC
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market Size Analysis, by Region, 2025-2035
6.6. Refrigeration
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market Size Analysis, by Region, 2025-2035
6.7. Others
- 6.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.7.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Cold Insulation Material Market Size & Forecasts by Region 2025-2035

7.1. Cold Insulation Material Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Cold Insulation Material Market
- 7.3.1. U.S.
  - 7.3.1.1. Material Breakdown Size & Forecasts, 2025-2035
  - 7.3.1.2. End-Use Industry Breakdown Size & Forecasts, 2025-2035
- 7.3.2. Canada
  - 7.3.2.1. Material Breakdown Size & Forecasts, 2025-2035
  - 7.3.2.2. End-Use Industry Breakdown Size & Forecasts, 2025-2035
7.4. Europe Cold Insulation Material Market
- 7.4.1. UK
  - 7.4.1.1. Material Breakdown Size & Forecasts, 2025-2035
  - 7.4.1.2. End-Use Industry Breakdown Size & Forecasts, 2025-2035
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Spain
- 7.4.5. Italy
- 7.4.6. Rest of Europe
7.5. Asia Pacific Cold Insulation Material Market
- 7.5.1. China
- 7.5.2. India
- 7.5.3. Japan
- 7.5.4. Australia
- 7.5.5. South Korea
- 7.5.6. Rest of Asia Pacific
7.6. Latin America Cold Insulation Material Market
- 7.6.1. Brazil
- 7.6.2. Mexico
7.7. Middle East and Africa Cold Insulation Material Market
- 7.7.1. UAE
- 7.7.2. Saudi Arabia
- 7.7.3. South Africa
- 7.7.4. Rest of Middle East & Africa

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. BASF SE
- Company Overview
- Key Executives
- Company Snapshot
- Financial Performance (Subject to Data Availability)
- Product/Services Port
- Recent Development
- Market Strategies
- SWOT Analysis
8.3. Owens Corning
8.4. Huntsman Corporation
8.5. Armacell International S.A.
8.6. Johns Manville
8.7. Kingspan Group plc
8.8. Dow Inc.
8.9. Aspen Aerogels Inc.
8.10. L'Isolante K-Flex S.p.A.
8.11. Rockwool International A/S
8.12. Saint-Gobain S.A.
8.13. G+H Group
8.14. Fletcher Insulation
8.15. NMC SA
8.16. Recticel NV/SA