Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Cryogenic Insulation Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Cryogenic Insulation Market?
The historical trend of growth in the Cryogenic Insulation market has seen a consistent increase. The market size, which was $7.06 billion in 2024, is projected to expand to $7.4 billion in 2025. This increase translates into a compound annual growth rate (CAGR) of 4.9%.
What Are the Expected Market Growth Trends for the Cryogenic Insulation Market Through 2029?
The Cryogenic Insulation market is projected to reach $9.13 billion by 2029, with a compound annual growth rate (CAGR) of 5.4%.
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What Are the Key Business Drivers in the Cryogenic Insulation Market Landscape?
The key Drivers in the cryogenic insulation market are:
• Rising demand for liquid natural gas (LNG)
• Role of LNG in providing clean, affordable, and accessible energy
• Sustained increase in global LNG trade
• High demand from the European region to replace reduced pipeline volumes.
How Is the Cryogenic Insulation Market Divided Across Key Categories?
The cryogenic insulationmarket covered in this report is segmented –
1) By Type: Cellular, Fibrous, Flake, Granular, Reflective, Other Types
2) By Application: Storage Tanks, Fuel Tanks, Pipe Systems, Terminals, Other Applications
3) By End-Use Industry: Energy And Power, Food And Beverages, Chemical, Medical, Other End-Use Industries
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What Are the Ongoing Trends in the Cryogenic Insulation Market?
The key trends in the cryogenic insulation market are:
• Developing specialized cryogenic insulation systems is a key emerging trend in the market.
• The use of cryogenic insulation is increasingly preferred for low temperatures, due to its finely dispersed structure and high air absorption capacity.
• The creation of insulation that increases apparent specific heat by releasing heat through adsorption is being actively pursued.
• Implementing patented technologies to enhance the performance of cryogenic insulation systems in challenging environments like transport of liquid cargo is a significant trend.
Which Companies are Expanding in the Cryogenic Insulation Industry?
The key players in the cryogenic insulation market are:
• Aspen Aerogels Inc.
• BASF SE
• Armacell Enterprise GmbH & Co. KG
• Lydall Inc.
• Cabot Corporation
• Röchling SE & Co. KG
• Kaefer SA
• Dunmore Holdings Ltd.
• Owens Corning
• Johns Manville Inc.
• Hertel Holding BV
• Evonik Industries AG
• Huntsman Corporation
• Amol Dicalite Limited
• Imerys SA
• ISOVER Company
• Air Liquide SA
• Air Products and Chemicals Inc.
• Cryofab Inc.
• Cryomagnetics Inc.
• Cryomech Inc.
• Cryostar SAS
• Cryotherm GmbH & Co. KG
• DUNA-USA Inc.
• GTS-Welco
• Insul-Therm International Inc.
• Isolation Technologies LLC
• Janis Research Company LLC
• MLI Insulation Systems
• Chart Industries Inc.
• Advanced Insulation Systems Ltd.
• Insultherm Inc.
• Thermal Energy Products Inc.
Which is the Largest Region the Global Cryogenic Insulation Market?
Asia-Pacific was the largest region in the cryogenic insulation market in 2024
