PUBLISHER: The Business Research Company | PRODUCT CODE: 1931578
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931578
Refrigeration insulation materials play a crucial role in managing heat gains within industrial refrigeration systems. These materials are typically applied to the compressor and evaporator pipes to save energy, prevent condensation and ice formation, and mitigate corrosion.
The primary types of refrigeration insulation materials include elastomeric foam, PU (polyurethane) and PIR (polyisocyanurate), polystyrene foam, fiberglass, phenolic foam, and others. Elastomeric foam, for instance, is a closed-cell synthetic rubber available in pre-manufactured tubes, sheets, or rolls. These materials find various applications in commercial, industrial, cryogenic, and refrigerated transportation settings, serving industries such as food and beverage, chemicals and pharmaceuticals, and oil and gas petrochemicals, among others.
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 impacting the refrigeration insulation materials market by increasing costs of imported polymers, specialty foams, fiberglass, and chemical additives used in elastomeric, PU, PIR, and phenolic insulation products. Industrial and commercial refrigeration projects in North America and Europe are most affected due to reliance on imported raw materials, while Asia-Pacific faces cost pressure on insulation exports. These tariffs are increasing installation costs and delaying retrofit projects. However, they are also encouraging domestic insulation manufacturing, localized raw material sourcing, and innovation in cost-efficient insulation formulations.
The refrigeration insulation materials market research report is one of a series of new reports from The Business Research Company that provides refrigeration insulation materials market statistics, including refrigeration insulation materials industry global market size, regional shares, competitors with a refrigeration insulation materials market share, detailed refrigeration insulation materials market segments, market trends and opportunities, and any further data you may need to thrive in the refrigeration insulation materials industry. This refrigeration insulation materials 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 refrigeration insulation materials market size has grown strongly in recent years. It will grow from $4.66 billion in 2025 to $5.02 billion in 2026 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to expansion of industrial refrigeration installations, growth of cold storage infrastructure, increasing food and beverage processing activities, rising demand for corrosion protection in piping systems, wider use of insulation in refrigerated transport.
The refrigeration insulation materials market size is expected to see strong growth in the next few years. It will grow to $6.63 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing investments in energy-efficient cold chain infrastructure, rising adoption of advanced insulation materials, expansion of pharmaceutical cold storage capacity, growing demand for cryogenic applications, stricter energy efficiency regulations. Major trends in the forecast period include increasing adoption of high-performance thermal insulation materials, rising demand for energy-efficient refrigeration systems, growing use of moisture-resistant insulation solutions, expansion of cryogenic insulation applications, enhanced focus on corrosion-prevention insulation designs.
The growing demand for frozen food is expected to drive the expansion of the refrigeration insulation materials market. Frozen food refers to products that have been preserved by freezing, typically to temperatures below -18 degrees Celsius (0 degrees Fahrenheit). This demand is driven by the convenience, extended shelf life, and ability to retain nutritional value of frozen food, making it a preferred choice for busy consumers seeking quick and easy meal options. Refrigeration insulation plays a crucial role in supporting the frozen food industry by improving energy efficiency, reducing operational costs, and maintaining product quality. It is essential for meeting consumer demand for convenient food options. For example, in July 2024, the American Frozen Food Institute (AFFI), a U.S.-based national trade association, reported that frozen fruit sales increased by 8.8% in units during the first half of 2023. Consequently, the rising demand for frozen food is driving growth in the refrigeration insulation materials market.
Leading companies in the refrigeration insulation market are focusing on innovative solutions such as high-performance aerogel materials to improve energy efficiency and optimize cooling performance. High-performance aerogel materials are ultra-light, highly porous insulation substances that offer exceptionally low thermal conductivity, providing superior temperature control. For example, in November 2023, Whirlpool Corporation, a U.S.-based company, introduced SlimTech Insulation Technology. This advanced vacuum-insulated system replaces traditional foam, allowing for thinner refrigerator walls and increased internal capacity. It also enhances energy efficiency and temperature stability, enabling refrigerators to cool faster and maintain consistent performance. This innovation represents a significant step forward in Whirlpool's efforts to provide high-performance, space-saving, and sustainable refrigeration solutions.
In June 2024, Armacell International GmbH, a Germany-based provider of flexible technical insulation products, engineered foams, and industrial insulation solutions, acquired E and M Industries for an undisclosed amount. Through this acquisition, Armacell aims to enhance its industrial insulation and jacketing capabilities in the Asia-Pacific region, expanding its service offerings for thermal and acoustic insulation solutions. E and M Industrial Limited is an Australia-based company specializing in engineered insulation jacketing and fabrication services for industrial applications across the energy, HVAC, and manufacturing sectors.
Major companies operating in the refrigeration insulation materials market are Armacell International GmbH, BASF SE, Johns Manville Corp., Kingspan Group plc, L'Isolante K-Flex S.p.A., NMC SA, Owens Corning Fiberglass Company, Rinac India Ltd., Zhejiang Zhenshen Thermal Insulation Technology Co. Ltd., Zotefoams plc, Saint-Gobain S.A., Dow Chemical Company, Huntsman Corporation, Sekisui Chemical Co. Ltd., Thermaflex International Holding B.V., Knauf Fiber Glass, Isover AB, Kflex India Pvt. Ltd., Aspen Aerogel Inc., Insulated Products Corp.
Europe was the largest region in the refrigeration insulation materials market in 2025. The regions covered in the refrigeration insulation materials market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the refrigeration insulation materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The refrigeration insulation materials market consists of sales of refrigeration insulation materials of various temperature ranges including low-temperature thermal insulation (-267.8 oC - 156oC), intermediate temperature thermal insulation (16.1 oC - 315.6 oC), and high-temperature thermal insulation (316.1 oC - 815 oC). 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.
Refrigeration Insulation Materials 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 refrigeration insulation materials 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 refrigeration insulation materials ? 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 refrigeration insulation materials 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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