The Global PUR and PIR Cryogenic Insulation Market was valued at USD 1.85 Billion in 2023 and is projected to reach USD 2.64 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period (2024–2029). This robust growth is primarily driven by the accelerating global demand for Liquefied Natural Gas (LNG), expansion in the industrial gas sector, and stringent energy efficiency regulations pushing for superior thermal performance in industrial applications.

As industries worldwide prioritize energy security and operational efficiency in extremely low-temperature environments, the focus intensifies on the material science innovators providing critical insulation solutions. In this blog, we profile the Top 10 Companies in the PUR and PIR Cryogenic Insulation Industry—a group of chemical giants, specialty manufacturers, and material science leaders engineering the future of thermal management.

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🔟 1. Armacell International S.A.

Headquarters: Luxembourg, Luxembourg
Key Offering: ArmaFlex® Cryogenic, ArmaGel™, and engineered foam solutions

Armacell is a global leader in flexible foam insulation and a key supplier of high-performance materials for cryogenic applications. Its specialized products are engineered to maintain thermal efficiency and mechanical integrity at temperatures as low as -200°C, making them ideal for LNG pipelines, storage tanks, and industrial gas systems.

Innovation and Sustainability Focus:

• Pioneering halogen-free and low Global Warming Potential (GWP) foam technologies

• Development of advanced fire-retardant and closed-cell insulation systems

• Global manufacturing footprint supporting supply chain resilience

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Elastopor® and Elastopir® rigid foam systems

BASF, one of the world’s largest chemical producers, offers a comprehensive portfolio of polyurethane and polyisocyanurate systems tailored for cryogenic insulation. Its advanced materials are widely used in the construction of LNG carrier ships, storage terminals, and large-scale industrial gas plants.

Innovation and Sustainability Focus:

• Investment in bio-based and circular raw materials for polyols

• R&D focused on enhancing thermal efficiency and reducing lifecycle carbon footprint

• Comprehensive technical support and engineering services for complex projects

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8️⃣ 3. Cabot Corporation

Headquarters: Boston, Massachusetts, USA
Key Offering: ENTERA® aerogels, LDS (Low Dust Solution) fumed silica

Cabot Corporation is a prominent specialty chemicals and performance materials company, renowned for its aerogel insulation solutions. Its ENTERA® aerogels provide exceptional thermal performance in cryogenic applications with minimal thickness, offering significant space-saving advantages in complex installations.

Innovation and Sustainability Focus:

• Leading the market in high-performance, nanoporous insulation materials

• Focus on reducing embodied carbon and improving material recyclability

• Applications spanning LNG, aerospace, and specialty chemical processing

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PUR and PIR Cryogenic Insulation Market – View in Detailed Research Report

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7️⃣ 4. Johns Manville Inc. (a Berkshire Hathaway company)

Headquarters: Denver, Colorado, USA
Key Offering: Cryogenic pipe insulation, Micro-Lok® HP, and engineered fibrous glass solutions

Johns Manville is a leading manufacturer of insulation, filtration, and engineered products. Its cryogenic insulation line is designed for applications requiring reliability at temperatures down to -320°F, serving the energy, industrial, and manufacturing sectors with a focus on safety and long-term performance.

Innovation and Sustainability Focus:

• Development of formaldehyde-free and sustainable insulation batts and boards

• Emphasis on product durability to minimize maintenance and replacement cycles

• Commitment to circular economy principles in manufacturing processes

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6️⃣ 5. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Rubinate® isocyanates, Terol® polyols, and specialized PUR/PIR formulations

Huntsman’s Polyurethanes division is a major global supplier of MDI-based polyisocyanurate systems, which are critical for producing rigid foam insulation boards used in cryogenic storage. Their high-performance materials are selected for their excellent thermal properties and dimensional stability.

Innovation and Sustainability Focus:

• Advancements in low-GWP blowing agent technologies

• Strategic partnerships with foam manufacturers to optimize system performance

• Focus on reducing the environmental impact of insulation throughout its lifecycle

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5️⃣ 6. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: ROHACELL® structural foam, specialty additives, and silane-terminated polymers

Evonik is a global leader in specialty chemicals, offering materials that enhance the performance of cryogenic insulation systems. Its products are used to improve the mechanical strength, fire resistance, and thermal efficiency of PUR and PIR foams in demanding low-temperature environments.

Innovation and Sustainability Focus:

• Extensive R&D in high-performance polymers and additives

• Development of solutions that enable lighter and more efficient insulation designs

• Sustainability strategy aligned with the UN’s Sustainable Development Goals (SDGs)

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4️⃣ 7. Röchling Group

Headquarters: Mannheim, Germany
Key Offering: Engineering plastics, custom-fabricated insulation systems, and component solutions

The Röchling Group provides engineered plastic solutions that are integral to cryogenic systems, including support components and custom insulation structures. Their expertise lies in manufacturing durable parts that maintain functionality under extreme thermal cycling and mechanical stress.

Innovation and Sustainability Focus:

• Custom engineering for complex cryogenic applications in energy and healthcare

• Use of high-performance polymers resistant to cryogenic embrittlement

• Focus on material longevity and recyclability

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3️⃣ 8. Lydall, Inc. (Part of Unifrax)

Headquarters: Albany, New York, USA
Key Offering: Thermasorb® cryogenic insulation, specialty filtration media, and engineered materials

Lydall, now part of Unifrax, specializes in high-performance insulation materials. Its Thermasorb® products are designed for cryogenic applications, providing effective thermal barriers for pipes, vessels, and equipment in the LNG and industrial gas industries.

Innovation and Sustainability Focus:

• Integration of advanced fiber technologies for superior thermal performance

• Development of lightweight and easy-to-install insulation solutions

• Commitment to producing environmentally responsible materials

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2️⃣ 9. Kingspan Group

Headquarters: Kingscourt, Ireland
Key Offering: Kooltherm® and Ethafoam® insulation boards, bespoke engineered panels

While renowned for building insulation, Kingspan also supplies high-performance rigid PIR boards suitable for specific industrial and cryogenic applications. Their focus on ultra-low thermal conductivity makes their products relevant for temperature-controlled storage and processing facilities.

Innovation and Sustainability Focus:

• Planet Passionate sustainability program targeting net-zero carbon manufacturing

• Innovation in foam core technology to achieve industry-leading lambda values

• Investment in closed-loop recycling initiatives for production waste

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1️⃣ 10. Morgan Advanced Materials

Headquarters: Windsor, United Kingdom
Key Offering: Superwool® Plus, specialty ceramics, and carbon-based insulation

Morgan Advanced Materials provides high-temperature and thermal management solutions that extend into cryogenic ranges. Their expertise in engineered ceramics and advanced fibrous materials offers unique solutions for extreme temperature differentials and highly specialized industrial processes.

Innovation and Sustainability Focus:

• Development of bio-soluble and safer-to-handle fibrous insulation

• R&D focused on extending the operational limits of thermal materials

• Solutions designed for maximum energy savings and process efficiency

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PUR and PIR Cryogenic Insulation Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cryogenic Insulation Is Smarter and More Efficient

The PUR and PIR cryogenic insulation market is evolving rapidly, driven by the global energy transition and the increasing need for efficient cold chain logistics. While traditional applications in LNG dominate, new opportunities are emerging in hydrogen economy infrastructure, carbon capture, and aerospace.

📈 Key Trends Shaping the Market:

• Accelerating demand for LNG infrastructure, particularly in Asia-Pacific and North America

• Growing investment in liquid hydrogen storage and transport for clean energy

• Stringent environmental regulations phasing out high-GWP blowing agents

• Advancements in nanotechnology enhancing thermal performance and reducing material thickness

Get Full Report Here:
PUR and PIR Cryogenic Insulation Market – View in Detailed Research Report

The companies listed above are not only insulating critical energy infrastructure—they are enabling the safe and efficient storage of the fuels and gases that will power a sustainable future.