I'm not sure if you are referring to to k = 0.038 in SI or english units. I'm talking in english units. Perhaps you are too, since in my HX book, I see "loose rock wool" with k = 0.039 Btu/hr-ft-F. I don't know how practical these would be for a pipeline; but I also see "Silica Aeroget" at 0.014, Kapok at 0.020, hair felt at 0.021, 1.5 lb/ft3 glass wool at 0.022.
You should also search on the internet for "insulation"