Refrigeration Insulation Materials Market Set to Soar at 6.1% CAGR by 2031 | Top key players - Armacell, Aspen Aerogel, BASF SE.

Market Overview:

The Global Refrigeration Insulation Materials Market is projected to growing at a CAGR of 6.1% during the forecast period (2024-2031). The Market growth is driven by increasing demand for energy-efficient refrigeration systems and the expanding cold chain logistics sector across food, pharmaceutical, and chemical industries. According to DataM Intelligence

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The Refrigeration Insulation Materials Market refers to the industry focused on materials used to minimize heat transfer in refrigeration systems, ensuring energy efficiency and temperature stability. These materials, such as polyurethane foam, polystyrene, and elastomeric foam, are essential in commercial, industrial, and residential refrigeration applications, supporting sustainability and reducing operational energy costs.

Industry Recent Developments: United States

✅ October 2025 - The U.S. Department of Energy announced additional funding of USD 240 million for energy-retrofit programs targeting public and low-income housing. This includes major thermal insulation upgrades that improve energy efficiency, boosting demand for advanced refrigeration insulation materials.

✅ September 2025 - Saint-Gobain expanded its North American PIR insulation capacity by adding a new production line at its Celotex network to meet growing demand for high-performance building envelope materials, including refrigeration insulation.

✅ March 2025 - Armacell Americas introduced "ArmaFlex Ultima," an ultra-low smoke density insulation product for North America, offering enhanced fire safety, indoor air quality, and energy efficiency in commercial and industrial refrigeration applications.

Industry Recent Developments: Japan

✅ July 2025 - Mitsubishi Heavy Industries Thermal Systems began testing an underground Aquifer Thermal Energy Storage system in Osaka that uses advanced insulation to enhance energy-saving performance for refrigeration and thermal storage.

✅ April 2025 - The 2025 revision of Japan's Energy Conservation Act mandated stricter insulation performance standards for new constructions and renovations, driving demand for high-performance refrigeration insulation materials such as polyurethane foam, mineral wool, and vacuum insulation panels.

✅ April 15, 2025 - NIPPON KINZOKU CO., LTD. developed a proprietary insulated stainless steel surface pre-coated with an inorganic layer for enhanced insulation, miniaturization in electronics, and supporting carbon neutrality goals, impacting insulation materials technology.

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Major Key Players:

Armacell
Aspen Aerogel
BASF SE
Etex
Isover
Kingspan Group Plc
Morgan Advanced Material
Owens Corning
Zetofoam
Kflex.

Market Growth Drivers:

Increasing demand for food preservation and frozen food products, which requires efficient refrigeration and insulation to maintain quality and extend shelf life. This demand is driven by population growth, convenience needs, and expanded global food supply chains.

Growing commercial refrigeration applications including retail groceries, refrigerated vending machines, chillers, and warehouses. The expansion of these applications boosts the need for advanced insulation materials to improve energy efficiency.

Rising emphasis on energy conservation and environmental regulations, which drive the adoption of insulation materials that offer better thermal performance with lower environmental impact, such as low Global Warming Potential (GWP) and Ozone Depleting Potential (ODP) materials. Regional factors like Europe's focus on energy efficiency also support market growth.

Segments Covered in the Refrigeration Insulation Materials Market:

By Type: Elastomeric foam (NBR and EPDM), PU and PIR, Polystyrene Foam (XPS and EPS), Fiberglass, Phenolic Foam, Others.

By Application: Commercial, Industrial, Cryogenic, Refrigerated Transportation, Others.

By End-User: Industrial, Food and Beverage, Chemicals, Pharmaceuticals, Oil and Gas, Petrochemicals, Others.

Regional Analysis for Refrigeration Insulation Materials Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Refrigeration Insulation Materials market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Refrigeration Insulation Materials Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Refrigeration Insulation Materials market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Refrigeration Insulation Materials Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Refrigeration Insulation Materials market?

➠ Who are the global key manufacturers of the Refrigeration Insulation Materials Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Refrigeration Insulation Materials market opportunities and threats faced by the vendors in the global Refrigeration Insulation Materials Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Refrigeration Insulation Materials market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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