Tank Insulation Global Market Report 2026

Tank insulation serves as an effective method for maintaining ideal temperatures and enhancing the operational efficiency of stored substances. It involves applying a substantial layer of material onto or around a tank container, pipe, or vessel to prevent heat loss and optimize the thermal conditions within the tank.

The primary categories of tank insulation include storage tank insulation and transportation tank insulation. Storage tank insulation pertains to insulating large containers or vessels utilized for storing liquids, compressed gases, or various mediums such as oil, gas, and other petrochemical products. A diverse range of materials is used for both cold and hot insulation purposes, including PU (polyurethane) and PIR (polyisocyanurate), rockwool, fiberglass, elastomeric foam, cellular glass, EPS (expanded polystyrene), among others. These materials are selected based on their capacity to withstand different temperature ranges and cater to various industries such as oil and gas, chemicals, food and beverage, energy and power sectors. Additionally, tank insulation finds applications in fields such as fire protection, water treatment, metal industries, pharmaceuticals, and more.

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 tank insulation market by increasing costs of imported insulation materials such as rockwool, fiberglass, elastomeric foam, and cellular glass used in industrial and transportation tanks. Oil and gas, chemical, and energy sectors in North America and Europe are most affected due to reliance on imported insulation products. These tariffs are raising project installation costs and delaying infrastructure upgrades. However, they are also promoting domestic insulation manufacturing, regional supplier development, and innovation in cost-effective insulation solutions.

The tank insulation market research report is one of a series of new reports from The Business Research Company that provides tank insulation market statistics, including tank insulation industry global market size, regional shares, competitors with a tank insulation market share, detailed tank insulation market segments, market trends and opportunities, and any further data you may need to thrive in the tank insulation industry. This tank 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 tank insulation market size has grown strongly in recent years. It will grow from $6.65 billion in 2025 to $7.07 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to expansion of oil and gas storage infrastructure, growth in chemical processing industries, increasing use of insulated food storage tanks, rising industrial energy efficiency standards, availability of diverse insulation materials.

The tank insulation market size is expected to see strong growth in the next few years. It will grow to $8.94 billion in 2030 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to growing investments in energy-efficient industrial facilities, rising demand for insulated LNG and hydrogen storage, expansion of renewable energy storage infrastructure, increasing adoption of smart temperature monitoring, growing focus on lifecycle cost reduction. Major trends in the forecast period include increasing adoption of high-performance insulation materials, growing demand for cold and cryogenic tank insulation, expansion of energy-efficient storage solutions, rising use of advanced composite insulation systems, enhanced focus on thermal loss reduction.

The growth in chemical manufacturing facilities is expected to boost the growth of the tank insulation market going forward. Chemical manufacturing facilities are businesses or organizations involved in various processes, operations, and the production of chemicals and their derivatives. Insulation helps to maintain stable operating temperatures by minimizing heat gain and reducing the load generated on the chillers or heaters. Chemical tanks are insulated to maintain consistent operating temperatures for optimal processing. Storage tank insulation lowers costs, controls temperatures, and lessens condensation problems brought on by abrupt temperature changes. The increase in chemical manufacturing facilities leads to a rise in the insulation requirements for chemical tanks and containers, propelling the tank insulation market. For instance, in February 2023, according to the report published by BASF, a Germany based chemical manufacturing company, global chemical production, excluding pharmaceuticals, is projected to increase by 2.0% in 2023 as compared to the levels observed in 2022. Moreover, chemical production is anticipated to experience a growth of 2.7% between 2023 and 2025. Therefore, the growth in chemical manufacturing facilities is driving the growth of the tank insulation market.

Major companies operating in the tank insulation market are focused on developing advanced products such as energy-saving tank insulation systems to gain a competitive advantage. An energy-saving tank insulation system is a technology designed to stabilize internal tank temperatures, achieving substantial energy savings, improving product quality, and promoting environmental sustainability in the beverage industry. For instance, in November 2023, BevZero, a US-based innovator in the beverage industry, launched its advanced energy-saving tank insulation system, 'BevClad,' in Europe. BevClad, already successful in the US wine industry, offers up to 96% energy savings, improved product quality, sustainability benefits, and durability. It aligns with clients' energy efficiency and sustainability goals, addressing the increasing demand for cutting-edge insulation solutions in the beverage industry. Key features include unparalleled energy efficiency, improved product quality, environmental sustainability, and durability. The introduction of BevClad in Europe supports clients' objectives and addresses the growing demand for advanced insulation solutions in the dynamic beverage industry.

In March 2024, 3M Company, a US-based multinational conglomerate, collaborated with HD Hyundai Korea Shipbuilding & Marine Engineering (KSOE) to carry out a joint research project on large liquid hydrogen storage tanks. Through this collaboration, 3M and HD Hyundai KSOE aim to develop a high-performance vacuum insulation system utilizing 3M's high-strength, low-density hollow glass microspheres to safely store and transport liquefied hydrogen, supporting advancements in clean energy technologies. HD Hyundai Korea Shipbuilding & Marine Engineering (KSOE) is a South Korea-based company specializing in shipbuilding and marine engineering solutions.

Major companies operating in the tank insulation market are Rockwool A/S, Owens Corning, Saint-Gobain S, Kingspan Group PLC, Armacell International S, Johns Manville, Knauf Insulation Inc., Gilsulate International Inc., Commercial Thermal Solutions Inc., ITW Insulation Systems FZE, J H Ziegler GmbH, Isolatek International, L'ISOLANTE K-FLEX SpA, MBI Products Company Inc., Microtherm NV, Rmax Operating LLC, Roxul Inc., Superlon Worldwide, Thermafiber Inc., Unifrax I LLC

Asia-Pacific was the largest region in the tank insulation market in 2025. Asia-Pacific is expected to be the fastest-growing region in the tank insulation market during the forecast period. The regions covered in the tank 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 tank insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The tank insulation market includes revenues earned by entities by providing services such as thermal insulation, heat tracing, acoustic insulation, fire protection, and cryogenic insulation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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.

Tank 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 tank 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.

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Where is the largest and fastest growing market for tank 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 tank 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.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Storage Tank Insulation; Transportation Tank Insulation
• 2) By Material: Polyurethane (PU) And Polyisocyanurate (PIR); Rockwool; Fiberglass; Elastomeric Foam; Cellular Glass; Expanded Polystyrene (EPS); Other Materials
• 3) By Temperature: Cold Insulation; Hot Insulation
• 4) By End-Use Industry: Oil And Gas; Chemical; Food And Beverage; Energy And Power; Other End-Use Industries
• Subsegments:
• 1) By Storage Tank Insulation: Vertical Storage Tank Insulation; Horizontal Storage Tank Insulation
• 2) By Transportation Tank Insulation: Insulated Tank Trailers; Insulated Rail Tank Cars; Insulated Shipping Containers
• Companies Mentioned: Rockwool A/S; Owens Corning; Saint-Gobain S; Kingspan Group PLC; Armacell International S; Johns Manville; Knauf Insulation Inc.; Gilsulate International Inc.; Commercial Thermal Solutions Inc.; ITW Insulation Systems FZE; J H Ziegler GmbH; Isolatek International; L'ISOLANTE K-FLEX SpA; MBI Products Company Inc.; Microtherm NV; Rmax Operating LLC; Roxul Inc.; Superlon Worldwide; Thermafiber Inc.; Unifrax I LLC
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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