1. Home
  2. > Construction
  3. > Building Products Market Trends
Cold Insulation Global Market Report 2022: Ukraine-Russia War Impact

Cold Insulation Global Market Report 2022: Ukraine-Russia War Impact

  • November 2022
  • 175 pages
  • ID: 6368516
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players in the cold insulation market are BASF SE, Huntsman Corporation, The Dow Chemical Company, Armacell International Holding Gmbh, Aspen Aerogel Inc., Bayer Material Science, Evonik Industries AG, Owens Corning, Dongsung Finetec Corporation, Certain Teed Corporation, Pittsburgh Corning Corporation, Covestro AG, Rockwool International, Bradford Insulation Industries Ltd, and Arabian Fiber Glass Insulation Co. Ltd.

The global cold insulation market is expected to grow from $5.12 billion in 2021 to $5.55 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The cold insulation market is expected to grow to $7.74 billion in 2026 at a CAGR of 8.6%.

The cold insulation market consists of sales of cold insulation by entities (organizations, sole traders, and partnerships) that are used to insulate various operating mechanical components to maintain specific temperatures, usually lower than the ambient in the manufacturing process. Cold insulations are materials used in coating various mechanical components to maintain a lower temperature in the process, which prevents the process of condensation, intrusion, moisture, long-term degradation, and others in manufacturing.

The main types of cold insulation materials are fiberglass, polyurethane foam, polystyrene foam, phenolic foam, and other materials.The fibreglass material refers to thin glass fibres which slow down the spread of heat and cold in residential and commercial projects by limiting the airflow.

The various insulation types include fibrous, cellular, and granular insulation that is used by several end-user industries such as heating, ventilation, air conditioning, refrigeration, oil and gas, chemicals, and other end-user industries.

Asia-Pacific was the largest region in the cold insulation market in 2021. The regions covered in this cold insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The increasing demand for refrigeration and air-conditioning devices is expected to propel the growth of the cold insulation market going forward.Refrigeration devices refer to the devices used to remove heat from an enclosed space or from a substance to lower the temperature, whereas air conditioning devices refer to equipment that cools, heats, or dehumidifies spaces in residential or non-residential settings.

Cold insulation helps refrigeration and air conditioning devices by reducing energy loss and avoiding condensation in the unit to keep it cool and dry.For instance, in March 2022, according to an article shared by The Economic Times, an India-based business-focused daily newspaper, sales of cooling appliances increased by 15% in the year 2020 as compared to 2019 as stated by major consumer electronics manufacturing companies such as Haier, Godrej Appliances, and Lloyd.

Therefore, increasing demand for refrigeration and air-conditioning devices is driving the cold insulation market.

Product innovations are a key trend gaining popularity in the cold insulation market.Major companies operating in the cold insulation market are focused on developing innovative products to strengthen their position in the cold insulation market.

For instance, in August 2020, Armacell, a Luxembourg-based manufacturer of industrial foams and flexible insulation materials operating in the cold insulation market, launched the family-brand ArmaPET, which is a flexible aerogel blanket of the newest generation for cryogenic and dual-temperature applications, based on rPET foaming technology.The unique features of this insulation product include dual-temperature and high-temperature aerogel insulation properties, which broaden the temperature capabilities of the product from -180 oC to +650 oC.

It offers extraordinarily low thermal conductivity, greater thermal performance, and a reduction in insulation thickness.

In January 2021, Wynnchurch Capital, L.P., a US-based private equity investment firm, acquired Insulation Corporation of America for an undisclosed amount. The acquisition of Insulation Corporation of America is a natural fit with Drew and Huntington and is expected to strengthen Wynnchurch Capital’s platform by expanding its reach into new, unserved markets. Insulation Corporation of America is a US-based manufacturer of expanded polystyrene foam products for applications including building insulation, infrastructure construction, packaging, cold chain, and operating in the cold insulation market.
The countries covered in the cold insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The cold insulation market research report is one of a series of new reports that provides cold insulation market statistics, including cold insulation industry global market size, regional shares, competitors with a cold insulation market share, detailed cold insulation market segments, market trends and opportunities, and any further data you may need to thrive in the cold insulation industry. This cold insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researc[email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Exterior Insulation & Finish System Market Research Report by Type, Insulation Material, Component, End-Use Industry, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030

  • $ 3949
  • January 2023
  • 245 pages

Exterior Insulation & Finish System Market Research Report by Type (Polymer-Based and Polymer-Modified), Insulation Material, Component, End-Use Industry, Region - Cumulative Impact of COVID-19, Russia ...

  • World
  • Insulation
  • Industry analysis


Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on