PUBLISHER: The Business Research Company | PRODUCT CODE: 1926021
PUBLISHER: The Business Research Company | PRODUCT CODE: 1926021
Cryogenic insulation is a high-performance insulation material designed to provide exceptional thermal isolation for applications operating at temperatures below -75 degrees Celsius. It serves to protect against energy leaks, maintaining its integrity in extremely cold temperatures, absorbing high mechanical forces, and offering superior low-thermal conductivity.
The primary types of cryogenic insulation include cellular, fibrous, flaky, granular, reflective, and others. Cellular insulation, for example, involves fiber insulation called cellulose, which is used in various applications such as storage tanks, fuel tanks, pipe systems, terminals, and more. Cryogenic insulation finds applications across different industries, including energy and power, food and beverages, chemicals, medical care, and other sectors.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are influencing the cryogenic insulation market by increasing costs of imported insulation materials, aerogels, vacuum insulated panels, and specialized foams. Energy and industrial projects in North America and Europe are most affected due to dependence on imported high-performance materials, while Asia-Pacific faces cost pressure on export-oriented insulation manufacturing. These tariffs are increasing project costs and extending installation timelines. However, they are also promoting domestic insulation production, regional material innovation, and development of cost-efficient cryogenic insulation solutions.
The cryogenic insulation market research report is one of a series of new reports from The Business Research Company that provides cryogenic insulation market statistics, including cryogenic insulation industry global market size, regional shares, competitors with a cryogenic insulation market share, detailed cryogenic insulation market segments, market trends and opportunities, and any further data you may need to thrive in the cryogenic insulation industry. This cryogenic insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cryogenic insulation market size has grown strongly in recent years. It will grow from $7.4 billion in 2025 to $7.8 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to expansion of lng production and transport, growth of cryogenic storage facilities, increasing use of industrial gases, rising investments in energy infrastructure, availability of advanced insulation materials.
The cryogenic insulation market size is expected to see strong growth in the next few years. It will grow to $9.62 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing hydrogen economy investments, rising demand for energy-efficient insulation solutions, expansion of cryogenic applications in healthcare, growing focus on low-carbon energy systems, increasing integration of smart insulation technologies. Major trends in the forecast period include increasing demand for lng and cryogenic storage infrastructure, rising use of advanced insulation materials, growing adoption in hydrogen and energy transition projects, expansion of low-temperature transport systems, enhanced focus on thermal efficiency and safety.
The growing aerospace industry is expected to drive the growth of the cryogenic insulation market. The aerospace sector involves vehicular flight within and beyond Earth's atmosphere, including research, development, design, manufacturing, operation, and maintenance of aircraft and spacecraft. Cryogenic insulation is critical in aerospace for maintaining extremely low temperatures in propulsion systems, fuel storage, and spacecraft components, ensuring optimal performance. For instance, in January 2023, according to Cirium Fleet Forecast, a UK-based aerospace company, global demand for new aircraft is projected to reach 44,500 units by 2042, representing a value of $2.9 trillion. Therefore, the growing aerospace industry is driving the demand for cryogenic insulation.
Major companies in the cryogenic insulation market are developing innovations such as aerogel-based flexible insulation blankets to enhance thermal performance, reduce material thickness, and optimize installation space. Aerogel-based flexible insulation blankets incorporate silica aerogel particles within a reinforced fiber matrix, offering extremely low thermal conductivity while remaining lightweight and conformable. For example, in April 2025, Armacell, a Luxembourg-based manufacturer of engineered foams and technical insulation, launched ArmaGel(R) XGC, a next-generation cryogenic and dual-temperature aerogel insulation blanket. It delivers superior thermal performance down to -196 °C, features a low-dust formulation for installer safety, and provides a thin, flexible blanket suitable for wrapping pipes, tanks, and equipment-reducing space requirements, improving energy efficiency, and enabling faster, safer installation compared to conventional insulation materials.
In August 2024, Dover, a US-based industrial products manufacturer, acquired SPS Cryogenics B.V. and Special Gas Systems B.V. for an undisclosed amount. This acquisition is intended to enhance Dover's offerings and strengthen its capabilities within the cryogenic sector. SPS Cryogenics B.V. is a Netherlands-based manufacturer specializing in vacuum-insulated piping systems for the cryogenics industry, while its sister company, Special Gas Systems (SGS) B.V., is also based in the Netherlands and produces cryogenic systems and components.
Major companies operating in the cryogenic insulation market are Aspen Aerogels Inc., Armacell Enterprise GmbH & Co. KG, Lydall Inc., Johns Manville Inc., Evonik Industries AG, Air Liquide SA, Air Products and Chemicals Inc., Cryofab Inc., Cryomagnetics Inc., Cryomech Inc., Cryostar SAS, Cryotherm GmbH & Co. KG, Insul-Therm International Inc., Isolation Technologies LLC, Janis Research Company LLC, MLI Insulation Systems, Chart Industries Inc., Advanced Insulation Systems Ltd., Insultherm Inc., Thermal Energy Products Inc.
Asia-Pacific was the largest region in the cryogenic insulation market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cryogenic insulation market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the cryogenic insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The cryogenic insulation market consists of sales of polyurethane (PU), polyisocyanurate (PIR), and perlite cryogenic insulation. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cryogenic Insulation Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses cryogenic insulation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cryogenic insulation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The cryogenic insulation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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