| Product Code: ETC4502545 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In 2024, India`s cold insulation material import shipments continued to be dominated by top exporting countries such as China, Germany, USA, Japan, and the UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a significant compound annual growth rate (CAGR) of 19.37% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024, showing a dip of -10.19%. This data suggests a dynamic market landscape with potential opportunities and challenges for both suppliers and buyers in the cold insulation material industry in India.

The cold insulation material market in India is experiencing growth, primarily due to the expansion of refrigeration and cold storage facilities in the food and pharmaceutical sectors. These materials are essential for maintaining low temperatures and conserving energy in refrigeration systems. With the increasing demand for perishable goods storage and transportation, the cold insulation material market is expected to thrive.
The India Cold Insulation Material market is driven by the need to maintain low temperatures in various industrial applications, including refrigeration and HVAC systems. Cold insulation materials help conserve energy and ensure the integrity of temperature-sensitive products, making them essential in cold storage and transport.
Challenges in the cold insulation material market include the need for materials with high thermal efficiency and long-term stability at low temperatures. Ensuring cost-effective solutions for cold insulation is also crucial.
The India cold insulation material market was not exempt from the impacts of the COVID-19 pandemic. As construction projects and industrial activities were put on hold or delayed due to lockdowns and supply chain disruptions, the demand for cold insulation materials saw a temporary decline. Additionally, restrictions on international trade affected the availability of certain raw materials used in insulation products. However, as businesses adapted to remote work and new safety protocols, the need for cold insulation in sectors like healthcare and food storage facilities remained vital. With the gradual reopening of the economy, the market for cold insulation materials is expected to rebound, especially in applications related to pharmaceutical storage and cold chain logistics.
The India cold insulation material market features key contributors such as Rockwool India, Aspen Aerogels, Owens Corning, and KIMMCO.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cold Insulation Material Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cold Insulation Material Market Revenues & Volume, 2021 & 2031F |
3.3 India Cold Insulation Material Market - Industry Life Cycle |
3.4 India Cold Insulation Material Market - Porter's Five Forces |
3.5 India Cold Insulation Material Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Cold Insulation Material Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Cold Insulation Material Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for energy-efficient solutions in industries and commercial buildings |
4.2.2 Increasing awareness about the importance of thermal insulation for reducing energy consumption |
4.2.3 Government initiatives promoting sustainable building practices and energy efficiency |
4.3 Market Restraints |
4.3.1 High initial cost of cold insulation materials |
4.3.2 Lack of skilled labor for installation and maintenance of insulation materials |
4.3.3 Fluctuating raw material prices impacting overall product costs |
5 India Cold Insulation Material Market Trends |
6 India Cold Insulation Material Market, By Types |
6.1 India Cold Insulation Material Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Cold Insulation Material Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Cold Insulation Material Market Revenues & Volume, By Fiber Glass, 2021-2031F |
6.1.4 India Cold Insulation Material Market Revenues & Volume, By Polyurethane Foam, 2021-2031F |
6.1.5 India Cold Insulation Material Market Revenues & Volume, By Polystyrene Foam, 2021-2031F |
6.1.6 India Cold Insulation Material Market Revenues & Volume, By Phenolic Foam & Others, 2021-2031F |
6.2 India Cold Insulation Material Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Cold Insulation Material Market Revenues & Volume, By HVAC, 2021-2031F |
6.2.3 India Cold Insulation Material Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.4 India Cold Insulation Material Market Revenues & Volume, By Refrigeration, 2021-2031F |
6.2.5 India Cold Insulation Material Market Revenues & Volume, By Chemicals , 2021-2031F |
6.2.6 India Cold Insulation Material Market Revenues & Volume, By Others, 2021-2031F |
7 India Cold Insulation Material Market Import-Export Trade Statistics |
7.1 India Cold Insulation Material Market Export to Major Countries |
7.2 India Cold Insulation Material Market Imports from Major Countries |
8 India Cold Insulation Material Market Key Performance Indicators |
8.1 Energy savings achieved by using cold insulation materials |
8.2 Percentage increase in the adoption of cold insulation materials in key industries |
8.3 Number of green building certifications obtained by projects using cold insulation materials |
9 India Cold Insulation Material Market - Opportunity Assessment |
9.1 India Cold Insulation Material Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Cold Insulation Material Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Cold Insulation Material Market - Competitive Landscape |
10.1 India Cold Insulation Material Market Revenue Share, By Companies, 2024 |
10.2 India Cold Insulation Material Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |