eXtruded PolyStyrene (XPS). Other brands come in Pink. Waterproof, sturdier than Expanded PolyStyrene (EPS) (normally white), also generally costs more.
Both, as of last time I was shopping, cost a lot less than spray-on (generally PolyUrethane (PU), at least for the past couple of decades) foam. If you can cover most of the building with sheets, and only foam "awkward joints" (or even all the joints) you might come out money ahead.
In any case, if you don't cover the inside surface with something (drywall, wood, metal) you may be creating a fire hazard of obnoxious proportions - often a bad idea in a metal/welding type shop.