Cold Insulation Market Report by Insulation Type (Fibrous, Cellular, Granular), Material Type (Fiber Glass, Polyurethane Foam, Polystyrene Foam, Phenolic Foam, and Others), Application (HVAC, Chemicals, Oil and Gas, Refrigeration, and Others), and Region 2025-2033

Cold Insulation Market Report by Insulation Type (Fibrous, Cellular, Granular), Material Type (Fiber Glass, Polyurethane Foam, Polystyrene Foam, Phenolic Foam, and Others), Application (HVAC, Chemicals, Oil and Gas, Refrigeration, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A4237

Market Overview:

The global cold insulation market size reached USD 7.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 13.6 Billion by 2033, exhibiting a growth rate (CAGR) of 6.9% during 2025-2033.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 7.5 Billion
Market Forecast in 2033
USD 13.6 Billion
Market Growth Rate (2025-2033) 6.9%


Cold insulation is utilized wherein the operating temperature is below the room temperature. It assists in preventing condensation, moisture intrusion and long-term degradation. It comprises water, solvent and mastic-based vapor barrier, which is resistant to mechanical damages. Some of the commonly used materials in cold insulation include polyisocyanurate (PIR), polyurethane (PUR) rigid foam or cellular glass, and stainless steel or aluminized steel. At present, it is extensively utilized worldwide on account of its ability to protect the environment from greenhouse gas emissions.

Cold Insulation Market

Cold Insulation Market Trends:

With the inflating disposable incomes of individuals, the demand for air conditioning and refrigerating devices is escalating around the world. This represents one of the key factors propelling the growth of the market. Apart from this, a considerable increase in awareness about the energy losses and costs are also contributing to the market growth. Moreover, cold insulation is increasingly being adopted across numerous industries like oil and gas. This, in confluence with rising concerns about the adverse impact of greenhouse emissions, is driving the market. Furthermore, leading market players are investing in research and development (R&D) activities to develop insulation materials through sustainable raw material sources. This, along with various initiatives undertaken by governing agencies of several countries to increase the energy efficiency of public infrastructure, is creating a favorable market outlook. Besides this, the rising adoption of cold insulation in food and chemical storage and cryogenic medical applications across the globe is acting as another growth-inducing factor. Other major factors, such as a surge in energy prices and the increasing usage of liquified petroleum gases (LPG), are anticipated to stimulate the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cold insulation market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on insulation type, material type, and application.

Breakup by Insulation Type:

Cold Insulation Market By Insulation Type

  • Fibrous
  • Cellular
  • Granular
     

Breakup by Material Type:

  • Fiber Glass
  • Polyurethane Foam
  • Polystyrene Foam
  • Phenolic Foam
  • Others
     

Breakup by Application:

  • HVAC
  • Chemicals
  • Oil and Gas
  • Refrigeration
  • Others
     

Breakup by Region:

Cold Insulation Market By Region

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Armacell, Aspen Aerogels Inc., BASF SE, CertainTeed (Compagnie de Saint-Gobain S.A.), Covestro AG, Dow Inc., Evonik Industries AG, Huntsman Corporation, Kingspan Group plc and Owens Corning.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Insulation Type, Material Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Armacell, Aspen Aerogels Inc., BASF SE, CertainTeed (Compagnie de Saint-Gobain S.A.), Covestro AG, Dow Inc., Evonik Industries AG, Huntsman Corporation, Kingspan Group plc and Owens Corning
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global cold insulation market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global cold insulation market?
  • What are the key regional markets?
  • What is the breakup of the market based on the insulation type?
  • What is the breakup of the market based on the material type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global cold insulation market and who are the key players?
  • What is the degree of competition in the industry?

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Cold Insulation Market Report by Insulation Type (Fibrous, Cellular, Granular), Material Type (Fiber Glass, Polyurethane Foam, Polystyrene Foam, Phenolic Foam, and Others), Application (HVAC, Chemicals, Oil and Gas, Refrigeration, and Others), and Region 2025-2033
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