India Cold Insulation Material Market (2025-2031) Outlook | Industry, Companies, Trends, Share, Revenue, Size, Growth, Analysis, Value & Forecast

Market Forecast By Type (Fiber Glass, Polyurethane Foam, Polystyrene Foam, Phenolic Foam & Others), By Application (HVAC, Oil & Gas, Refrigeration, Chemicals , Others) And Competitive Landscape
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

India Cold Insulation Material Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

India Cold Insulation Material Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India Cold Insulation Material Market Overview

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.

Drivers of the Market

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 of the Market

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.

COVID-19 Impact on the Market

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.

Key Players in the Market

The India cold insulation material market features key contributors such as Rockwool India, Aspen Aerogels, Owens Corning, and KIMMCO.

Key Highlights of the Report:

  • India Cold Insulation Material Market Outlook
  • Market Size of India Cold Insulation Material Market, 2024
  • Forecast of India Cold Insulation Material Market, 2031
  • Historical Data and Forecast of India Cold Insulation Material Revenues & Volume for the Period 2021-2031
  • India Cold Insulation Material Market Trend Evolution
  • India Cold Insulation Material Market Drivers and Challenges
  • India Cold Insulation Material Price Trends
  • India Cold Insulation Material Porter's Five Forces
  • India Cold Insulation Material Industry Life Cycle
  • Historical Data and Forecast of India Cold Insulation Material Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of India Cold Insulation Material Market Revenues & Volume By Fiber Glass for the Period 2021-2031
  • Historical Data and Forecast of India Cold Insulation Material Market Revenues & Volume By Polyurethane Foam for the Period 2021-2031
  • Historical Data and Forecast of India Cold Insulation Material Market Revenues & Volume By Polystyrene Foam for the Period 2021-2031
  • Historical Data and Forecast of India Cold Insulation Material Market Revenues & Volume By Phenolic Foam & Others for the Period 2021-2031
  • Historical Data and Forecast of India Cold Insulation Material Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of India Cold Insulation Material Market Revenues & Volume By HVAC for the Period 2021-2031
  • Historical Data and Forecast of India Cold Insulation Material Market Revenues & Volume By Oil & Gas for the Period 2021-2031
  • Historical Data and Forecast of India Cold Insulation Material Market Revenues & Volume By Refrigeration for the Period 2021-2031
  • Historical Data and Forecast of India Cold Insulation Material Market Revenues & Volume By Chemicals for the Period 2021-2031
  • Historical Data and Forecast of India Cold Insulation Material Market Revenues & Volume By Others for the Period 2021-2031
  • India Cold Insulation Material Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • India Cold Insulation Material Top Companies Market Share
  • India Cold Insulation Material Competitive Benchmarking By Technical and Operational Parameters
  • India Cold Insulation Material Company Profiles
  • India Cold Insulation Material Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Cold Insulation Material Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Cold Insulation Material Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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

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