Embodiments of the present invention provide a self-molding composite system for insulation and covering operations. The self-molding composite system may be cured to form any desired shaped for insulation and covering operations. The composite system comprises one or more layers that may create a rigid layered composite when cured. The one or more layers of the composite system may include a base layer that is a braided, knit, or non-woven fiber based substrate, an interstitial matrix layer, and customizable top coat. The customizable top coat may be a solvent based polymer solution that includes various additives that may include color pigments, additives for additional abrasion protection, additives for thermal protection, and/or additives for creating various textures or visible appearances to the composite system.