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Cold Insulation Material-Global Market Insights and Sales Trends 2025
Synopsis
Insulation materials are materials or mixtures of materials which lowers the energy losses by retarding the amount of heat loss or gain. The insulation material market is primarily segmented into two broad categories viz. hot and cold insulation material markets. Hot insulation materials are mainly used to insulate piping systems used to transport high temperature substances. Cold insulation material is usually used within temperatures ranging from -275°C to 15°C. Cold insulation material is used in a broad range of applications, including refrigeration, HVAC, oil & gas, and chemical. Among these, oil & gas and chemicals are the main consumers for cold insulation materials. Cold insulation materials also find their application in the construction, automobile, and electronic sectors.
The global Cold Insulation Material market size is expected to reach US$ 6743.8 million by 2029, growing at a CAGR of 6.5% from 2023 to 2029. The market is mainly driven by the significant applications of Cold Insulation Material in various end use industries. The expanding demands from the Refrigeration, Oil & Gas, Chemicals and Others, are propelling Cold Insulation Material market. Fiber Glass, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Polyurethane Foam segment is estimated at % CAGR for the next seven-year period.
The rapid growth of end-use industries, such as chemicals, refrigeration, HVAC, chemicals, and oil & gas in Asia-Pacific is leading to significant growth of the cold insulation market recently. Moreover availability of feedstock and low costs to set up manufacturing facilities is driving the growth of cold insulation market in the region. Skilled workforce and relatively lower wages aid low cost manufacturing and lower costs of electricity and water are the Others reasons for the high growth rate in Asia-Pacific. Government regulations, such as Clean Air Act and Clean Power Plan are also boosting the growth of the cold insulation market. Opacity in political structures in certain countries, such as India, China, and Korea make it difficult for established companies to invest in these markets. China is the fastest-growing country in cold insulation market. Growth in industries, such as, oil & gas, refrigeration, and chemicals is making way for growth of the cold insulation market in China. The current growth rate in China is strong enough to sustain more efficient manufacturing and attractive cold insulation market. It may be expected that in the next five to ten years, chemical manufacturing in China will shift towards the manufacturing of specialty chemicals. Thus, cold insulation market is projected to record strong growth in the next decade as well.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Cold Insulation Material, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Cold Insulation Material market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Cold Insulation Material market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Cold Insulation Material sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Cold Insulation Material covered in this report include Huntsman Corporation, Armacell International Holding GmbH, BASF SE, The DOW Chemical Company, Owens Corning, Bradford Insulation Industries Ltd, Dongsung Finetec Corporation, Aspen Aerogel Inc. and Bayer Materialscience, etc.
The global Cold Insulation Material market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Huntsman Corporation
Armacell International Holding GmbH
BASF SE
The DOW Chemical Company
Owens Corning
Bradford Insulation Industries Ltd
Dongsung Finetec Corporation
Aspen Aerogel Inc.
Bayer Materialscience
Pittsburgh Corning Corporation
Global Cold Insulation Material market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Cold Insulation Material market, Segment by Type:
Fiber Glass
Polyurethane Foam
Polystyrene Foam
Phenolic Foam
Others Materials
Global Cold Insulation Material market, by Application
Refrigeration
Oil & Gas
Chemicals
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Cold Insulation Material manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Cold Insulation Material in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Insulation materials are materials or mixtures of materials which lowers the energy losses by retarding the amount of heat loss or gain. The insulation material market is primarily segmented into two broad categories viz. hot and cold insulation material markets. Hot insulation materials are mainly used to insulate piping systems used to transport high temperature substances. Cold insulation material is usually used within temperatures ranging from -275°C to 15°C. Cold insulation material is used in a broad range of applications, including refrigeration, HVAC, oil & gas, and chemical. Among these, oil & gas and chemicals are the main consumers for cold insulation materials. Cold insulation materials also find their application in the construction, automobile, and electronic sectors.
The global Cold Insulation Material market size is expected to reach US$ 6743.8 million by 2029, growing at a CAGR of 6.5% from 2023 to 2029. The market is mainly driven by the significant applications of Cold Insulation Material in various end use industries. The expanding demands from the Refrigeration, Oil & Gas, Chemicals and Others, are propelling Cold Insulation Material market. Fiber Glass, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Polyurethane Foam segment is estimated at % CAGR for the next seven-year period.
The rapid growth of end-use industries, such as chemicals, refrigeration, HVAC, chemicals, and oil & gas in Asia-Pacific is leading to significant growth of the cold insulation market recently. Moreover availability of feedstock and low costs to set up manufacturing facilities is driving the growth of cold insulation market in the region. Skilled workforce and relatively lower wages aid low cost manufacturing and lower costs of electricity and water are the Others reasons for the high growth rate in Asia-Pacific. Government regulations, such as Clean Air Act and Clean Power Plan are also boosting the growth of the cold insulation market. Opacity in political structures in certain countries, such as India, China, and Korea make it difficult for established companies to invest in these markets. China is the fastest-growing country in cold insulation market. Growth in industries, such as, oil & gas, refrigeration, and chemicals is making way for growth of the cold insulation market in China. The current growth rate in China is strong enough to sustain more efficient manufacturing and attractive cold insulation market. It may be expected that in the next five to ten years, chemical manufacturing in China will shift towards the manufacturing of specialty chemicals. Thus, cold insulation market is projected to record strong growth in the next decade as well.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Cold Insulation Material, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Cold Insulation Material market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Cold Insulation Material market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Cold Insulation Material sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Cold Insulation Material covered in this report include Huntsman Corporation, Armacell International Holding GmbH, BASF SE, The DOW Chemical Company, Owens Corning, Bradford Insulation Industries Ltd, Dongsung Finetec Corporation, Aspen Aerogel Inc. and Bayer Materialscience, etc.
The global Cold Insulation Material market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Huntsman Corporation
Armacell International Holding GmbH
BASF SE
The DOW Chemical Company
Owens Corning
Bradford Insulation Industries Ltd
Dongsung Finetec Corporation
Aspen Aerogel Inc.
Bayer Materialscience
Pittsburgh Corning Corporation
Global Cold Insulation Material market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Cold Insulation Material market, Segment by Type:
Fiber Glass
Polyurethane Foam
Polystyrene Foam
Phenolic Foam
Others Materials
Global Cold Insulation Material market, by Application
Refrigeration
Oil & Gas
Chemicals
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Cold Insulation Material manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Cold Insulation Material in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Cold Insulation Material Market Overview
1.1 Cold Insulation Material Product Overview
1.2 Cold Insulation Material Market Segment by Type
1.2.1 Fiber Glass
1.2.2 Polyurethane Foam
1.2.3 Polystyrene Foam
1.2.4 Phenolic Foam
1.2.5 Others Materials
1.3 Global Cold Insulation Material Market Size by Type
1.3.1 Global Cold Insulation Material Market Size Overview by Type (2018-2029)
1.3.2 Global Cold Insulation Material Historic Market Size Review by Type (2018-2023)
1.3.3 Global Cold Insulation Material Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Cold Insulation Material Sales Breakdown by Type (2018-2023)
1.4.2 Europe Cold Insulation Material Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Cold Insulation Material Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Cold Insulation Material Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Cold Insulation Material Sales Breakdown by Type (2018-2023)
2 Global Cold Insulation Material Market Competition by Company
2.1 Global Top Players by Cold Insulation Material Sales (2018-2023)
2.2 Global Top Players by Cold Insulation Material Revenue (2018-2023)
2.3 Global Top Players by Cold Insulation Material Price (2018-2023)
2.4 Global Top Manufacturers Cold Insulation Material Manufacturing Base Distribution, Sales Area, Product Type
2.5 Cold Insulation Material Market Competitive Situation and Trends
2.5.1 Cold Insulation Material Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Cold Insulation Material Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Cold Insulation Material as of 2022)
2.7 Date of Key Manufacturers Enter into Cold Insulation Material Market
2.8 Key Manufacturers Cold Insulation Material Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Cold Insulation Material Status and Outlook by Region
3.1 Global Cold Insulation Material Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Cold Insulation Material Historic Market Size by Region
3.2.1 Global Cold Insulation Material Sales in Volume by Region (2018-2023)
3.2.2 Global Cold Insulation Material Sales in Value by Region (2018-2023)
3.2.3 Global Cold Insulation Material Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Cold Insulation Material Forecasted Market Size by Region
3.3.1 Global Cold Insulation Material Sales in Volume by Region (2024-2029)
3.3.2 Global Cold Insulation Material Sales in Value by Region (2024-2029)
3.3.3 Global Cold Insulation Material Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Cold Insulation Material by Application
4.1 Cold Insulation Material Market Segment by Application
4.1.1 Refrigeration
4.1.2 Oil & Gas
4.1.3 Chemicals
4.1.4 Others
4.2 Global Cold Insulation Material Market Size by Application
4.2.1 Global Cold Insulation Material Market Size Overview by Application (2018-2029)
4.2.2 Global Cold Insulation Material Historic Market Size Review by Application (2018-2023)
4.2.3 Global Cold Insulation Material Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Cold Insulation Material Sales Breakdown by Application (2018-2023)
4.3.2 Europe Cold Insulation Material Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Cold Insulation Material Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Cold Insulation Material Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Cold Insulation Material Sales Breakdown by Application (2018-2023)
5 North America Cold Insulation Material by Country
5.1 North America Cold Insulation Material Historic Market Size by Country
5.1.1 North America Cold Insulation Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Cold Insulation Material Sales in Volume by Country (2018-2023)
5.1.3 North America Cold Insulation Material Sales in Value by Country (2018-2023)
5.2 North America Cold Insulation Material Forecasted Market Size by Country
5.2.1 North America Cold Insulation Material Sales in Volume by Country (2024-2029)
5.2.2 North America Cold Insulation Material Sales in Value by Country (2024-2029)
6 Europe Cold Insulation Material by Country
6.1 Europe Cold Insulation Material Historic Market Size by Country
6.1.1 Europe Cold Insulation Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Cold Insulation Material Sales in Volume by Country (2018-2023)
6.1.3 Europe Cold Insulation Material Sales in Value by Country (2018-2023)
6.2 Europe Cold Insulation Material Forecasted Market Size by Country
6.2.1 Europe Cold Insulation Material Sales in Volume by Country (2024-2029)
6.2.2 Europe Cold Insulation Material Sales in Value by Country (2024-2029)
7 Asia-Pacific Cold Insulation Material by Region
7.1 Asia-Pacific Cold Insulation Material Historic Market Size by Region
7.1.1 Asia-Pacific Cold Insulation Material Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Cold Insulation Material Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Cold Insulation Material Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Cold Insulation Material Forecasted Market Size by Region
7.2.1 Asia-Pacific Cold Insulation Material Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Cold Insulation Material Sales in Value by Region (2024-2029)
8 Latin America Cold Insulation Material by Country
8.1 Latin America Cold Insulation Material Historic Market Size by Country
8.1.1 Latin America Cold Insulation Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Cold Insulation Material Sales in Volume by Country (2018-2023)
8.1.3 Latin America Cold Insulation Material Sales in Value by Country (2018-2023)
8.2 Latin America Cold Insulation Material Forecasted Market Size by Country
8.2.1 Latin America Cold Insulation Material Sales in Volume by Country (2024-2029)
8.2.2 Latin America Cold Insulation Material Sales in Value by Country (2024-2029)
9 Middle East and Africa Cold Insulation Material by Country
9.1 Middle East and Africa Cold Insulation Material Historic Market Size by Country
9.1.1 Middle East and Africa Cold Insulation Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Cold Insulation Material Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Cold Insulation Material Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Cold Insulation Material Forecasted Market Size by Country
9.2.1 Middle East and Africa Cold Insulation Material Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Cold Insulation Material Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Huntsman Corporation
10.1.1 Huntsman Corporation Company Information
10.1.2 Huntsman Corporation Introduction and Business Overview
10.1.3 Huntsman Corporation Cold Insulation Material Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Huntsman Corporation Cold Insulation Material Products Offered
10.1.5 Huntsman Corporation Recent Development
10.2 Armacell International Holding GmbH
10.2.1 Armacell International Holding GmbH Company Information
10.2.2 Armacell International Holding GmbH Introduction and Business Overview
10.2.3 Armacell International Holding GmbH Cold Insulation Material Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Armacell International Holding GmbH Cold Insulation Material Products Offered
10.2.5 Armacell International Holding GmbH Recent Development
10.3 BASF SE
10.3.1 BASF SE Company Information
10.3.2 BASF SE Introduction and Business Overview
10.3.3 BASF SE Cold Insulation Material Sales, Revenue and Gross Margin (2018-2023)
10.3.4 BASF SE Cold Insulation Material Products Offered
10.3.5 BASF SE Recent Development
10.4 The DOW Chemical Company
10.4.1 The DOW Chemical Company Company Information
10.4.2 The DOW Chemical Company Introduction and Business Overview
10.4.3 The DOW Chemical Company Cold Insulation Material Sales, Revenue and Gross Margin (2018-2023)
10.4.4 The DOW Chemical Company Cold Insulation Material Products Offered
10.4.5 The DOW Chemical Company Recent Development
10.5 Owens Corning
10.5.1 Owens Corning Company Information
10.5.2 Owens Corning Introduction and Business Overview
10.5.3 Owens Corning Cold Insulation Material Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Owens Corning Cold Insulation Material Products Offered
10.5.5 Owens Corning Recent Development
10.6 Bradford Insulation Industries Ltd
10.6.1 Bradford Insulation Industries Ltd Company Information
10.6.2 Bradford Insulation Industries Ltd Introduction and Business Overview
10.6.3 Bradford Insulation Industries Ltd Cold Insulation Material Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Bradford Insulation Industries Ltd Cold Insulation Material Products Offered
10.6.5 Bradford Insulation Industries Ltd Recent Development
10.7 Dongsung Finetec Corporation
10.7.1 Dongsung Finetec Corporation Company Information
10.7.2 Dongsung Finetec Corporation Introduction and Business Overview
10.7.3 Dongsung Finetec Corporation Cold Insulation Material Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Dongsung Finetec Corporation Cold Insulation Material Products Offered
10.7.5 Dongsung Finetec Corporation Recent Development
10.8 Aspen Aerogel Inc.
10.8.1 Aspen Aerogel Inc. Company Information
10.8.2 Aspen Aerogel Inc. Introduction and Business Overview
10.8.3 Aspen Aerogel Inc. Cold Insulation Material Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Aspen Aerogel Inc. Cold Insulation Material Products Offered
10.8.5 Aspen Aerogel Inc. Recent Development
10.9 Bayer Materialscience
10.9.1 Bayer Materialscience Company Information
10.9.2 Bayer Materialscience Introduction and Business Overview
10.9.3 Bayer Materialscience Cold Insulation Material Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Bayer Materialscience Cold Insulation Material Products Offered
10.9.5 Bayer Materialscience Recent Development
10.10 Pittsburgh Corning Corporation
10.10.1 Pittsburgh Corning Corporation Company Information
10.10.2 Pittsburgh Corning Corporation Introduction and Business Overview
10.10.3 Pittsburgh Corning Corporation Cold Insulation Material Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Pittsburgh Corning Corporation Cold Insulation Material Products Offered
10.10.5 Pittsburgh Corning Corporation Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Cold Insulation Material Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Cold Insulation Material Industrial Chain Analysis
11.4 Cold Insulation Material Market Dynamics
11.4.1 Cold Insulation Material Industry Trends
11.4.2 Cold Insulation Material Market Drivers
11.4.3 Cold Insulation Material Market Challenges
11.4.4 Cold Insulation Material Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Cold Insulation Material Distributors
12.3 Cold Insulation Material Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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