저온 단열재 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, cold insulation market size in 2026 is estimated at USD 7.6 billion, growing from 2025 value of USD 7.26 billion with 2031 projections showing USD 9.54 billion, growing at 4.65% CAGR over 2026-2031.

This report is Segmented by Material Type (Polyurethane Foam, Fiberglass, Polystyrene Foam, and Phenolic Foam), Application (Oil and Gas, Chemicals, Heating, Ventilation, and Air Conditioning (HVAC), and Refrigeration), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Cold Insulation Market Trends and Insights

Rising Demand for Cryogenic Insulation (LNG And LH2 Projects)

Cryogenic applications require materials that withstand -162 °C for LNG and -253 °C for liquid hydrogen without structural creep or delamination. Composite systems pairing phenolic foam with multilayer barriers are therefore displacing legacy fiberglass, explaining phenolic's 5.05% growth. In LNG bunkering, insulation integrity safeguards against flash vaporization events that would spike boil-off rates, so ship-to-ship transfer operators specify lower thermal conductivity thresholds. Floating storage and regasification units add complexity because cryogenic CO2 capture zones demand separate temperature envelopes within the same hull. Suppliers responding with aerogel-reinforced foams gain differentiation while securing early-stage approvals from classification societies. The result is a premium-priced niche that punches above its volume weight yet exerts outsized pull on research and development spending across the cold insulation market.

Growing Need for Energy-Efficiency and Net-Zero Retrofits

EU renovation policy calls for a 3% annual deep-renovation rate, driving EUR 275 billion in yearly spending and tightening U-value ceilings for external walls. Vacuum insulation panels (VIPs) and aerogel sheets solve space-constraint issues in heritage buildings, achieving 35% lower thermal transmittance versus mineral wool while keeping facade thickness unchanged. Retrofit programs such as Energiesprong have validated industrialized over-cladding kits that cut site labor by half, signaling scalable pathways for large housing stocks. Corporate landlords and municipalities consequently rank envelope performance as a top capital-allocation priority, further broadening opportunity for the cold insulation market.

Volatile Petrochemical Raw-Material Pricing

With 85% of MDI's cradle-to-gate global-warming potential linked to feedstock inputs, polyurethane makers face both cost and emissions exposure. Diversification into bio-circular feedstocks partially hedges against price volatility, yet scale remains limited to pilot lines. On the demand side, appliance OEMs often delay procurement during price spikes, producing short-run volume dips that ripple through the cold insulation market. Vertical integration, such as Owens Corning's resin procurement contracts and Kingspan's pipeline of local MDI storage tanks, softens but does not eliminate the headwind.

Other drivers and restraints analyzed in the detailed report include:

1. Expansion of Global Cold-Chain Logistics and E-Grocery
2. Industrial and Infrastructure Growth in Emerging Markets
3. Shortage of Certified Installers for Aerogel/VIP Systems

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

The polyurethane segment captured 43.62% of the cold insulation market size in 2025, buoyed by mature supply chains and favourable spray-foam economics. Phenolic foam is expanding at a 4.82% CAGR on the strength of LNG and hydrogen projects demanding low flame-spread and robust cryogenic performance. Bio-based polyurethane variants containing 25% recycled or plant-derived polyols lower embodied-carbon footprints by 43% and help manufacturers win public-sector bids.

Competitive intensity inside polyurethane tightens as producers backward-integrate into diisocyanate synthesis to manage price risk. Owens Corning's 2025 feedstock sourcing program stabilizes margins while enabling bulk purchasing economies. Meanwhile, Kingspan's Ukraine campus injects new regional capacity, reducing freight emissions and enhancing supply security for Eastern Europe. These moves reinforce the high threshold for new entrants seeking scale inside the cold insulation market.

Complete Report Scope:

• By Material Type
  • Polyurethane Foam
  • Fiberglass
  • Polystyrene Foam
  • Phenolic Foam
• By Application
  • Oil and Gas
  • Chemicals
  • Heating, Ventilation, and Cooling (HVAC)
  • Refrigeration
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • New Zealand
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Qatar
    • South Africa
    • Egypt
    • Rest of Middle-East and Africa

Geography Analysis

Asia Pacific dominated with 37.35% revenue in 2025 and is projected to add a further 5.4% CAGR to 2031, making it both the largest and fastest region. China's automation-driven cold-chain overhaul, which deploys autonomous forklifts inside -30 °C warehouses, calls for ultra-low-permeability panel joints to maintain humidity control. India's policy push for a 25% manufacturing GDP share, coupled with fiscal incentives for cold-store construction, attracts polyurethane suppliers setting up local rigid-foam board lines.

North America commands a sizeable slice, supported by federal retrofit tax credits and record LNG export terminal builds along the Gulf Coast. Owens Corning's new Ohio fiberglass line, slated for 2027, underpins regional supply, while DOE grants accelerate aerogel VIP commercialization that could unlock deeper building retrofits. Europe, though facing sluggish construction output, maintains healthy insulation demand thanks to legally mandated deep-renovation rates. Kingspan and Knauf Insulation expand regional capacity even as energy-price volatility challenges operating margins. Middle East mega-projects such as Qatar's LNG expansion and Saudi hydrogen hubs apply stringent cryogenic specs that invite aerogel players, while Latin America benefits from refrigeration investments connected to agrifood exports. Collectively, these regional vectors guarantee broad-based opportunity for the cold insulation market.

1. Armacell
2. Aspen Aerogels Inc.
3. BASF
4. Carlisle Companies Inc.
5. Covestro AG
6. Dongsung Finetec
7. Dow
8. Huntsman International LLC
9. International Corrosion Services LLC
10. Kingspan Group
11. Knauf Insulation
12. Owens Corning
13. ROCKWOOL A/S
14. Saint-Gobain

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rising Demand for Cryogenic Insulation (LNG And LH2 Projects)
  • 4.2.2 Growing Need for Energy-Efficiency and Net-Zero Retrofits
  • 4.2.3 Expansion of Global Cold-Chain Logistics and E-Grocery
  • 4.2.4 Surge in Small-Scale LNG Bunkering Infrastructure
  • 4.2.5 Industrial And Infrastructure Growth in Emerging Markets
• 4.3 Market Restraints
  • 4.3.1 Volatile Petrochemical Raw-Material Pricing
  • 4.3.2 Lack of Awareness about Cold Insulation Materials
  • 4.3.3 Shortage of Certified Installers for Aerogel/VIP Systems
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition

5 Market Size and Growth Forecasts

• 5.1 By Material Type
  • 5.1.1 Polyurethane Foam
  • 5.1.2 Fiberglass
  • 5.1.3 Polystyrene Foam
  • 5.1.4 Phenolic Foam
• 5.2 By Application
  • 5.2.1 Oil and Gas
  • 5.2.2 Chemicals
  • 5.2.3 Heating, Ventilation, and Cooling (HVAC)
  • 5.2.4 Refrigeration
• 5.3 By Geography
  • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Australia
    • 5.3.1.6 New Zealand
    • 5.3.1.7 Rest of Asia-Pacific
  • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
  • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Russia
    • 5.3.3.6 Rest of Europe
  • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
  • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 Qatar
    • 5.3.5.4 South Africa
    • 5.3.5.5 Egypt
    • 5.3.5.6 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share(%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Armacell
  • 6.4.2 Aspen Aerogels Inc.
  • 6.4.3 BASF
  • 6.4.4 Carlisle Companies Inc.
  • 6.4.5 Covestro AG
  • 6.4.6 Dongsung Finetec
  • 6.4.7 Dow
  • 6.4.8 Huntsman International LLC
  • 6.4.9 International Corrosion Services LLC
  • 6.4.10 Kingspan Group
  • 6.4.11 Knauf Insulation
  • 6.4.12 Owens Corning
  • 6.4.13 ROCKWOOL A/S
  • 6.4.14 Saint-Gobain

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-Need Assessment
• 7.2 Increasing Research and Development through Sustainable Raw Material Sources