Global Cold Insulation Market Analysis

ID: MRFR/CnM/0309-CR

127 Pages

Chitranshi Jaiswal

June 2016

Cold Insulation Market Research Report by Material (Phenolic Foam, Fiber Glass, Polystyrene Foam, Polyurethane Foam, Other) By end use industry (Oil and Gas, Chemicals, HVAC, Refrigeration, Others)- Forecast to 2035

Global Cold Insulation Market Infographic

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Market Analysis

In-depth Analysis of Global Cold Insulation Market Industry Landscape

The Cold Insulation market can be described as a though-enabling machine through which major factors which shape the growth and development of the industry are run. The need for proper thermal insulation is a main point in this. Cold insulation materials which form a part of different sections such as foam panels, fiber logs as well as reflective protective coatings are essential to keeping temperatures down and restricting the heat transfer. Another of the mainh driving forces for shifting of the market towards the poluteration is the growing industry in the energy sector, which is mainly oil and gas. Aside from the construction industry greatly affecting the market balance of Cold Insulating, all the other industries do. With energy efficiency getting economical as a priority area in building design, the need for proper thermal insulation in HVAC systems as well as refrigeration units and cold rooms increases. The principle of eco-friendly designs and green building only augments the importance of the improved stability with thermal insulation effectively; hence, industrial development is on the rise. Regulation and environmental matters are among the key factors that determine the pathways of market development for Cold Insulation. Higher attention is now ruled for lower energy consumption and emissions; this has led to the increased demand for thermal insulation materials that are environmentally friendly with low thermic conductivity. Just as compliance with stringent regulations pertaining to energy conservation and adverse effects of green house gases determine the choice of insulation materials, it also inspires inventors and researchers to develop eco-friendly and efficient cold insulation technologies. Given that cost efficiency is one of the major factors affecting the supply and demand relationships in Cold Insulation market, this aspect has to be thoroughly considered. Saving on manufactory and thermal performance is desired by both the industries and manufacturers, so balancing the cost of production and the efficacy of the products whould be considered with much importance. The key factor here is the low capital-cost strategy that producers need to adapt and that end-users will be paying for, so that this encourages innovation and in-turn, creates a competitive market. Cold Insulation plays at the world economy stage. Economic disruptions are likely to affect construction activities, industrial projects, doing so this will evidently affect the demand since there will be no demand for cold insulation materials. Although the crucial role of these products used in applications of energy maintenance and refrigeration systems tends to serve as a stabilizing catalyst in the condition of economic uncertainties by preventing the negative impact of the latter on the market, the market is expected to keep growing. Technologies honestly are one of the main triggers of market dynamics for cold insulation. The continuous study on new insulations materials can lead to their invention with the advancement of properties like R-value, flexibility and ease of installation among others. These technological advancements not only provide solutions to the problems that the market end-users experience, but also serve to set apart manufacturers thereby promoting the expansion of reach in novel markets.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

The Global Cold Insulation Market is projected to grow from 7.70 USD Billion in 2024 to 17.59 USD Billion by 2035, indicating robust expansion.

Key Market Trends & Highlights

Cold Insulation Key Trends and Highlights

The market is expected to experience a compound annual growth rate (CAGR) of 7.79% from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 17.6 USD Billion, reflecting significant growth potential.
in 2024, the market is valued at 7.70 USD Billion, establishing a solid foundation for future expansion.
Growing adoption of cold insulation technologies due to increasing energy efficiency regulations is a major market driver.

Global Cold Insulation Market

CAGR

7.80%

Market Size & Forecast

2024 Market Size	7.70 (USD Billion)
2035 Market Size	17.59 (USD Billion)
CAGR (2025-2035)	7.80%
Largest Regional Market Share in 2024	latin_america)

Major Players

Bayer Material Science, Huntsman Corporation, Evonik, BASF SE, Armacell International Holding Gmbh, The DOW Chemical Company, Owens Corning, Aspen aerogels, Dongsung Finetec Corp, Dow Chemicals, Certain Teed, Kingspan Groups PLC

Market Trends

The global cold insulation market is poised for growth as industries increasingly prioritize energy efficiency and sustainability in their operations, reflecting a broader commitment to environmental stewardship.

U.S. Department of Energy

Global Cold Insulation Market Market Drivers

Market Trends and Projections

Rising Demand for Energy Efficiency

The Global Cold Insulation Market Industry is experiencing a notable surge in demand driven by the increasing emphasis on energy efficiency across various sectors. As industries strive to reduce energy consumption and operational costs, cold insulation materials play a pivotal role in minimizing heat transfer. This trend is particularly evident in the refrigeration and HVAC sectors, where the adoption of advanced insulation solutions is projected to contribute to the market's growth. By 2024, the market is expected to reach 7.7 USD Billion, reflecting a growing awareness of sustainable practices and energy conservation measures.

Expansion of the Refrigeration Sector

The Global Cold Insulation Market Industry is significantly influenced by the expansion of the refrigeration sector, which is essential for food preservation and storage. With the increasing global population and rising demand for perishable goods, the need for efficient refrigeration systems has intensified. Cold insulation materials are crucial in maintaining optimal temperatures, thereby enhancing the efficiency of refrigeration units. This sector's growth is anticipated to propel the market forward, with projections indicating a market value of 17.6 USD Billion by 2035. The integration of innovative insulation technologies further supports this expansion, ensuring that refrigeration systems operate effectively.

Growing Awareness of Environmental Impact

Growing awareness of the environmental impact of energy consumption is a key driver for the Global Cold Insulation Market Industry. As stakeholders across various sectors recognize the importance of reducing carbon footprints, the demand for effective cold insulation solutions has increased. This heightened awareness encourages industries to invest in insulation technologies that minimize energy loss and enhance overall efficiency. Consequently, the market is likely to expand as organizations prioritize sustainability in their operations. The shift towards environmentally responsible practices is expected to further bolster the cold insulation market, aligning with global efforts to combat climate change.

Regulatory Support for Sustainable Practices

The Global Cold Insulation Market Industry benefits from increasing regulatory support aimed at promoting sustainable practices. Governments worldwide are implementing stringent regulations to reduce greenhouse gas emissions and enhance energy efficiency in industrial processes. These regulations often mandate the use of high-performance insulation materials, thereby driving demand within the cold insulation sector. As industries comply with these regulations, the market is expected to witness significant growth, aligning with global sustainability goals. This regulatory environment not only fosters innovation but also encourages the adoption of advanced insulation technologies that contribute to energy conservation.

Technological Advancements in Insulation Materials

Technological advancements in insulation materials are reshaping the Global Cold Insulation Market Industry, leading to the development of more effective and sustainable solutions. Innovations such as aerogel and vacuum insulation panels offer superior thermal performance, which is increasingly sought after in various applications. These advancements not only enhance energy efficiency but also contribute to the overall sustainability of insulation practices. As industries adopt these cutting-edge materials, the market is poised for substantial growth, with a projected CAGR of 7.79% from 2025 to 2035. This trend indicates a shift towards more environmentally friendly and efficient insulation solutions.

Market Segment Insights

Regional Insights

Key Companies in the Global Cold Insulation Market market include

Industry Developments

November 2021-Frank And Oak (Canada), a sustainable clothing company has introduced its latest men’s outerwear range for fall/winter 2021, which includes the sustainably developed Alpine parka. This Alpine winter coat will be available in rosin, coffee bean, and black. The latest outerwear collection has been developed using organic and recycled materials, such as animal-free PrimaLoft insulation, and 100% polyester fibres. The Alpine parka is a combination of classic design along with function, created to lock in the heat while keeping out the cold wind, coupled with 2-layer breathable fabric, a recycled sherpa-lined hood, as well as ribbed storm cuffs.

Its estimated warmth rating is around -25° C to -10° C.

December 2021- LifeLabs (California) introduces the warmest jacket in the world, claims the company. With a 9.25 CLO score, this MegaWarm jacket can deliver close to 38% higher warmth level compared to a Canada Goose Snow Mantra (6.7 CLO), 17% higher warmth level than the Arc’teryx Leaf Cold WX Parka SVX (7.91 CLO) and around 53% higher warmth compared to the North Face Summit AMK L6 Parka (6.06 CLO). The jacket has been powered by the company’s WarmLife technology, which is an advanced textile reflecting a human’s complete radiant heat right back to the body.

With the use of aluminium’s nano-layer, this jacket is able to attain maximum CLO rating across the globe, while its minimalist design helps develop a more packable, more sustainable, and lighter jacket.

October 2021 : Eco Depot Inc., a consumer goods company in Nevada, announces that its subsidiary Bronya Canada Group has been granted the required R-Value for its Bronya Climate Shield Façade product range. The R-value indicates the rate at which the insulation type can keep the heat from either entering or leaving the house. The insulation R-values differ depending on the type, density and thickness of the cold insulation material. Generally, a better insulation R rating would mean higher climate control and energy efficiency for the house.

The received R 20-Value will now help the brand to commercialize its Bronya Climate Shield product range in the cold insulation market. The wide range of Bronya Climate Shield products help foster energy savings, energy efficiency, and bring down carbon emissions via energy conservation.

Future Outlook

Global Cold Insulation Market Future Outlook

The Cold Insulation Market is projected to grow at a 7.80% CAGR from 2025 to 2035, driven by rising energy efficiency demands and technological advancements.

New opportunities lie in:

Invest in bio-based insulation materials to meet sustainability trends.
Develop advanced insulation solutions for the HVAC sector to enhance energy savings.
Leverage smart technology integration for real-time monitoring of insulation performance.

By 2035, the Cold Insulation Market is expected to achieve substantial growth, reflecting evolving industry needs.

Market Segmentation

Report Scope

Attribute/Metric	Details
Market Size 2024	USD 7.7 Billion
Market Size 2035	17.59 (Value (USD Billion))
Compound Annual Growth Rate (CAGR)	7.80% (2025 - 2035)
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2018 & 2020
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Material, By end use industry
Geographies Covered	North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered	The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	Bayer Material Science, Huntsman Corporation (U.S.), Evonik, BASF SE, Armacell International Holding Gmbh, The DOW Chemical Company, Owens Corning, Aspen aerogels, Dongsung Finetec Corp, Dow Chemicals, Certain Teed, Kingspan Groups PLC
Key Market Opportunities	Availability of skilled workforce and low cost of manufacturing
Key Market Dynamics	· Chemicals · Refrigeration · HVAC · Oil and Gas
Market Size 2025	8.30 (Value (USD Billion))

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

What applications are going to dominate the cold insulation market?

The cold insulation market would be dominated by the oil & gas segment.

What can trigger the cold insulation market from growth?

Factors like environment protection, strict laws for energy preservation, sustainable development in the demand for insulation products can trigger market growth.

Which Asia Pacific country would dominate the cold insulation market?

China would dominate the cold insulation market.

Which North American country would lead the regional cold insulation market?

The US would cover 70% of the total regional market.

What are the end user industries involved in the cold insulation market growth?

Oil & gas, chemicals, HVAC, refrigeration, and others can bolster market growth.

Report Excerpts
Market Definition
1. Scope of the Study
  1. Research Objectives
  2. Assumptions & Limitations
2. Market Structure
Research Methodology
1. Research Process
2. Primary Research
3. Secondary Research
4. Market Size Forecast
5. Forecast Model
Forecast Indicators
1. Drivers
2. Restraints
3. Opportunity
4. Trends
5. Macroeconomic Indicators
Market Analysis
1. Value Chain/Supply Chain Analysis
2. Porters'' Five Forces Analysis
3. Pricing Analysis in (2014-2024)
4. Hitorical Market Analysis (2010-2015)
U.S.& Global Cold Insulation, Market Value & Volume Forecast (2011-2024) (USD $Million)
1. Introduction
2. Cold Insulation (USD $Million) (2011-2015)
3. Cold Insulation (USD $Million) (2016-2024)
4. Cold InsulationMarket Sahre Analsysis by Price (2011-2015)
5. Cold Insulation Market Units (2011-2015)
6. Cold Insulation Market Units (2016-2024)
7. Cold Insulation Cost Analysis (2011-2015)
8. Cold Insulation Gross Margin Analysis (2011-2015)
Cold Insulation, by End Use Industry market Value & Volume Forecast (2011-2024) (USD $Million)
1. Introduction
2. Oil and Gas
  1. Oil and Gas Market (USD $Million) (2011-2015)
  2. Oil and Gas Market (USD $Million) (2016-2024)
3. Chemicals
  1. Chemicals Market (USD $Million) (2011-2015)
  2. Chemicals Market (USD $Million) (2016-2024)
4. HVAC
  1. HVAC Market (USD $Million) (2011-2015)
  2. HVAC Market (USD $Million) (2016-2024)
Cold Insulation, by Material Market Value & Volume Forecast (2011-2024) (USD $Million)
1. Introduction
2. phenolic foam
  1. phenolic foam Market (USD $Million) (2011-2015)
  2. phenolic foamMarket (USD $Million) (2016-2024)
3. fiber glass
  1. fiber glass Market (USD $Million) (2011-2015)
  2. fiber glass Market (USD $Million) (2016-2024)
4. polystyrene foam
  1. polystyrene foam Market (USD $Million) (2011-2015)
  2. polystyrene foam Market (USD $Million) (2016-2024)
5. polyurethane foam
  1. polyurethane foam Market (USD $Million) (2011-2015)
  2. polyurethane foam Market (USD $Million) (2016-2024)
6. others
  1. others Market (USD $Million) (2011-2015)
  2. others Market (USD $Million) (2016-2024)
Cold Insulation, by Region Market Value & Volume Forecast (2011-2024) (USD $Million)
1. INTRODUCTION
2. Y-O-Y GROWTH PROJECTIONS BY Region
3. AMERICAS
  1. NORTH AMERICA
  2. LATIN AMERICA
4. EUROPE
  1. WESTERN EUROPE
  2. EASTERN EUROPE
5. ASIA
  1. CHINA
  2. INDIA
  3. JAPAN
  4. SOUTH KOREA
  5. REST OF ASIA
6. PACIFIC
  1. AUSTRALIA
  2. NEW ZEALAND
7. MIDDLE EAST & AFRICA
COMPANY LANDSCAPE
1. INTRODUCTION: KEY PLAYERS
2. COMMERCIAL PRODUCTION DATE OF KEY MANUFACTURERS
3. MARKET SHARE ANALYSIS
4. PRODUCT PICTURES
5. DISTRIBUTOR''S LIST
Company Profile
1. Bayer Material Science
  1. OVERVIEW
  2. FINANCIALS
  3. PRODUCTS & SERVICES
  4. STRATEGY
  5. DEVELOPMENTS
2. Evonik
  1. OVERVIEW
  2. FINANCIALS
  3. PRODUCTS & SERVICES
  4. STRATEGY
  5. DEVELOPMENTS
3. BASF SE
  1. OVERVIEW
  2. FINANCIALS
  3. PRODUCTS & SERVICES
  4. STRATEGY
  5. DEVELOPMENTS
4. Dow Chemicals
  1. OVERVIEW
  2. FINANCIALS
  3. PRODUCTS & SERVICES
  4. STRATEGY
  5. DEVELOPMENTS
5. Certain Teed
  1. OVERVIEW
  2. FINANCIALS
  3. PRODUCTS & SERVICES
  4. STRATEGY
  5. DEVELOPMENTS
6. Aspen
  1. OVERVIEW
  2. FINANCIALS
  3. PRODUCTS & SERVICES
  4. STRATEGY
  5. DEVELOPMENTS
7. Owen Cornings
  1. OVERVIEW
  2. FINANCIALS
  3. PRODUCTS & SERVICES
  4. STRATEGY
  5. DEVELOPMENTS
8. Kingspan Group
  1. OVERVIEW
  2. FINANCIALS
  3. PRODUCTS & SERVICES
  4. STRATEGY
  5. DEVELOPMENTS
9. Huntsman Corporations
  1. OVERVIEW
  2. FINANCIALS
  3. PRODUCTS & SERVICES
  4. STRATEGY
  5. DEVELOPMENTS
10. DongSung FineTec Corp
  1. OVERVIEW
  2. FINANCIALS
  3. PRODUCTS & SERVICES
  4. STRATEGY
  5. DEVELOPMENTS
MRFR CONSLUSION
APPENDIX
1. DISCUSSION BLUE PRINT
2. INDUSTRY EXPERTS QUOTES
3. BIBLIOGRAPHY

Cold Insulation Market Segmentation

Market Segmentation Overview

Detailed segmentation data will be available in the full report
Comprehensive analysis by multiple parameters
Regional and country-level breakdowns
Market size forecasts by segment

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Customer Strories

“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

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