


Polyisocyanurate (PIR) insulation
boards are widely used in cold chain logistics due to their high thermal efficiency, moisture resistance, and fire-retardant properties.
The growing demand for temperaturesensitive goods such as food, pharmaceuticals, and chemicals is driving the market.
MARKET VALUE
(2023): USD 6,752
MILLION
PROJECTED MARKET
VALUE (2032): USD
10,219.75 MILLION
CAGR (2025-2032): 6.10%
EXPANDING COLD CHAIN INDUSTRY –
RISING DEMAND FOR REFRIGERATED STORAGE IN FOOD AND PHARMA.
ENERGY EFFICIENCY REGULATIONS –
ADOPTION OF PIR INSULATION FOR SUSTAINABLE SOLUTIONS.
By Type
Rigid PIR Insulation Boards – Standard for industrial and commercial refrigeration.
Flexible PIR Panels – Used in transport refrigeration and portable cold storage.
By Application
Cold Storage Warehouses – Essential for food & pharmaceutical preservation.
Refrigerated Transport Vehicles – Used in insulated truck and container manufacturing.
Food Processing Plants – Temperature-controlled production areas.
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
Growth driven by food security & import dependence
AMERICA
Increasing investments in refrigerated storage infrastructure
NORTH AMERICA
Dominated by food logistics & pharmaceutical cold chains
Stringent energy regulations drive PIR insulation adoption
Fastest-growing market with rising demand in China & India