Pipe Insulation Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Owens Corning, Johns Manville, Knauf Insulation, ITW

Registering a CAGR of 3.7% over the forecast period, the market value of Pipe Insulation is expected to reach US$ 2967.8 million in the year 2027.

Pipe Insulation Market Overview

Pipe insulation is a material or combination of materials that protects pipes by reducing heat loss or gain from surfaces operating at temperatures above or below the surrounding temperature. Increasing demand of oil and gas industries in developing as well as developed countries will help to boost the demand of pipe insulation, which is driving factor for the market growth.Rise in construction activities worldwide along with strengthening of government regulation to insulate pipelines are accelerating the consumption of pipe insulation products. Fluctuation in temperature leads to the deposition of moisture on the surface on un-insulated pipes which effects the materials flowing. In order to cater the moisture, insulation is used which will expand the market progress in future.the market is segmented into thin films, foils, wraps, rigid insulated products, stone wool insulation covers, coating material and others. Rigid insulated products are dominating due to its low thermal conductivity and also they provides safety from fire as they have flame retardants property and they are also  less expensive as compare to other products.Growing demand for pharmaceutical and cosmetic products is driving the expenditure on capacity additions by major pharmaceutical companies. Process pipes form an integral component in these production facilities and are expected to generate significant demand for pipe insulation over the forecast period.Fiberglass is widely used in insulation systems due to its lower cost and easy installation. The material is used in the automotive and construction industries in providing insulation solutions. The material is widely used to insulate copper, iron, and PVC pipes in industrial, commercial, and institutional buildings. Escalating demand for piping systems in various industries such as petrochemical, oil and gas, power generation, chemical, and wastewater treatment is estimated to augment the segment growth. The product is used in oil pipelines to provide enhanced safety, particularly in onshore pipelines.

Industry News and Updates

Kingspan agrees €253m deal for Logstor

23 March 2021-- Kingspan, an insulation and building materials manufacturer, has agreed to buy 100% of Logstor International Holding from Langley Co-Invest for approximately €253 million.

In February 2019, Great Lakes Textiles, declared a new product PVC fitting covers in their product portfolio, which help to generate more revenue and meet the demand of pipe insulation market.

What are the major Applications, Types, and Regions for the Pipe Insulation Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Fiberglass


• Polyurethane


• Calcium Silicate


• Elastomeric rubber


• Others

By Application, it is segmented into

• Educational


• Healthcare


• Commercial


• Office


• Communications

Market dynamics

Increased growth in the oil and gas industry, where transportation methods are used, drives up demand and market growth for pipe insulation. Strong regulatory rules and laws imposed by governments in emerging countries help the pipe insulation industry's economic situation. Being more aware of the durability of pipes propels the pipe insulation market growth as well as the pipe insulation market size. During the market forecast period, the increase in the establishment of industries in the Asia Pacific region provides growth to the industry.

Pipe Insulation Market Regional Analysis

Due to the growing industries in the region's emerging economies, such as China and India, Asia-Pacific is expected to be the largest pipe insulation market during the forecast period. They are primarily driven by rising per capita disposable income, rapid urbanization, and rising demand for district energy systems, resulting in rapid market growth. High growth in various industries such as pharmaceuticals, food processing, and chemicals adds to the growth drivers.

Europe dominated the market, accounting for more than 30.0 percent of global revenue in 2021. This is due to the rapidly increasing number of construction and infrastructure activities, as well as the increasing installation of district energy systems in economies such as Germany, the United Kingdom, and Spain.

Growing domestic consumption of food and beverages, as well as pharmaceutical products, is driving investment in the respective manufacturing sectors, driving demand for process pipes and pipe insulation materials in North America. Furthermore, rising product demand from residential applications as a result of climatic conditions is expected to benefit industry growth.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Pipe Insulation Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Pipe Insulation Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Pipe Insulation Market report scope?

Scope of the Report covers Pipe Insulation Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Pipe Insulation Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Pipe Insulation Report

• Evaluate Pipe Insulation market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Pipe Insulation market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Pipe Insulation Market is studied from 2017 - 2027.

What is the growth rate of the Pipe Insulation Market?

The Pipe Insulation Market is growing at a CAGR of 3.7% over the next 5 years.

Who are the key players in Pipe Insulation Market?

Owens Corning, Johns Manville, Knauf Insulation, ITW, Armacell, K-flex, Rockwool, Aeroflex USA Inc

What regions does this Pipe Insulation Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Pipe Insulation Market?

Fiberglass, Polyurethane, Calcium Silicate, Elastomeric rubber, Others

What are the major end-use applications of Pipe Insulation Market?

Educational, Healthcare, Commercial, Office, Communications

 

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