The Global LNG Polyurethane Insulation Board Market was valued at USD 744 Million in 2024 and is projected to reach USD 2,313 Million by 2031, growing at a Compound Annual Growth Rate (CAGR) of 16.9% during the forecast period (2024–2031). This exponential growth is driven by surging LNG trade, expanding cryogenic storage infrastructure, and stringent energy efficiency regulations worldwide.

As global energy systems transition toward cleaner solutions, LNG polyurethane insulation boards have become critical components for safe and efficient liquefied natural gas handling. These advanced materials combine exceptional thermal performance with structural integrity, minimizing boil-off gas losses during storage and transport. This analysis profiles the Top 10 Companies in the LNG Polyurethane Insulation Board Industry—technology leaders developing cutting-edge cryogenic insulation solutions.

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🔟 1. Hankuk Carban

Headquarters: Seoul, South Korea
Key Offering: Cryogenic PUF and PIR insulation boards

Hankuk Carban leads the Asian LNG insulation sector with proprietary polyurethane formulations engineered for extreme temperatures down to -196°C. The company supplies major shipyards and terminal operators with ultra-low thermal conductivity solutions meeting international safety standards.

Recent Developments:

• Introduced glass fiber-reinforced PU boards for enhanced durability
• Exclusive supplier for Q-Max LNG carrier insulation systems
• 40% production capacity expansion underway to meet demand

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9️⃣ 2. Dongsung Finetec

Headquarters: Seoul, South Korea
Key Offering: Finetec® LNG insulation systems

Dongsung Finetec specializes in marine-grade insulation solutions for LNG carriers and storage tanks. Their closed-cell polyurethane foams demonstrate exceptional dimensional stability in cryogenic conditions.

Recent Developments:

• Developed IMO-certified flame-retardant formulations
• Strategic expansion into European LNG terminal markets

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8️⃣ 3. Yoke Technology

Headquarters: Singapore
Key Offering: Integrated insulation solutions for LNG applications

Yoke Technology provides complete insulation systems combining PUF boards with advanced vapor barriers, widely adopted in floating storage regasification units (FSRUs) across Asia.

Recent Developments:

• Next-gen PU boards with 15% improved thermal efficiency
• Three major LNG bunkering project contracts secured

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7️⃣ 4. Nmg Composites

Headquarters: Tianjin, China
Key Offering: NmG® cryogenic insulation products

As China’s dominant LNG insulation manufacturer, Nmg Composites supplies domestic energy leaders and international projects with materials resistant to thermal cycling and mechanical stress.

Recent Developments:

• $120 million investment in automated production facilities
• Developing hybrid PU/phenolic insulation for extreme conditions

Download FREE Sample Report:
LNG Polyurethane Insulation Board Market – View in Detailed Research Report

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6️⃣ 5. Meisei Chemical

Headquarters: Tokyo, Japan
Key Offering: Meiseiflex® insulation systems

Meisei Chemical sets industry benchmarks for thermal performance in LNG applications, continuously innovating to address evolving market requirements.

Recent Developments:

• Fire-resistant PU boards with 30-minute burn protection
• Collaborations on next-gen LNG carrier designs

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5️⃣ 6. Ti Group

Headquarters: Houston, USA
Key Offering: Engineered LNG insulation solutions

Ti Group delivers application-specific insulation designs for North American LNG markets, optimizing thermal performance while reducing system thickness.

Recent Developments:

• Modular insulation panels for accelerated installation
• Expanding into small-scale LNG applications

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4️⃣ 7. Dehe Technology

Headquarters: Shanghai, China
Key Offering: DH-series LNG insulation materials

Dehe Technology has rapidly emerged as a key supplier for China’s LNG infrastructure boom, offering competitively priced solutions meeting stringent quality controls.

Recent Developments:

• New cryogenic materials R&D center established
• Expanding exports to Southeast Asia and Middle East

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3️⃣ 8. Kawasaki Heavy Industries

Headquarters: Tokyo, Japan
Key Offering: Complete LNG containment systems

Kawasaki integrates insulation expertise with engineering capabilities to deliver turnkey LNG containment solutions favored for large-scale storage.

Recent Developments:

• Innovating vacuum-insulated PU panels
• LNG-powered vessel development projects

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2️⃣ 9. BASF Polyurethanes

Headquarters: Ludwigshafen, Germany
Key Offering: Elastopor® cryogenic insulation

BASF applies its chemical expertise to develop high-performance polyurethane systems emphasizing environmental sustainability through reduced emissions.

Recent Developments:

• Bio-based polyols for eco-friendly insulation
• European terminal operator sustainability partnerships

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1️⃣ 10. Huntsman Corporation

Headquarters: The Woodlands, USA
Key Offering: ThermoLite® LNG insulation systems

Huntsman completes our ranking with innovative approaches to cryogenic insulation challenges, balancing thermal performance with installation efficiency.

Recent Developments:

• Advanced blowing agents for enhanced insulation
• Global technical support network expansion

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LNG Polyurethane Insulation Board Market – View in Detailed Research Report

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❄️ Industry Outlook: Smart and Sustainable LNG Insulation Solutions

The LNG polyurethane insulation board market is transforming rapidly as energy infrastructure evolves globally. Manufacturers are pioneering innovative solutions to meet new technical and environmental challenges.

📈 Key Market Trends:

• Growth in modular/prefabricated insulation systems installation
• Advancements in fire-resistant and safety-enhanced formulations
• Development of hybrid insulation materials combining PU with advanced composites
• Expansion of small-scale LNG infrastructure requiring flexible solutions

Get Full Report Here:
LNG Polyurethane Insulation Board Market – View in Detailed Research Report

The featured companies are enabling safer, more efficient LNG infrastructure worldwide through their innovative thermal solutions—critical components in the global energy transition.