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Global Pre-Insulated Pipes Market grow at a CAGR of 7.98% during the forecast 2018-2026

07-02-2021 03:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: AllTheResearch

Increase adoption of pre-insulated pipes in niche applications and increase in awareness about energy-efficient products are expected to drive the growth of the pre-insulated pipes market. The global pre-insulated pipes market was valued at USD 6.12 billion in 2018 and is expected to reach USD 11.23 billion in 2026, growing at a CAGR of 7.98% during the forecast period.

The pre-insulated pipes are primarily formed through polyurethane foam material, as an insulating material. It is also used for the transportation of gases and liquids to the district heating and cooling across the world. Moreover, the widely adopted of Pre-Insulated Pipes in niche applications such as district heating & cooling, oil & gas, and infrastructure & utility among others. Also, the increase in demand for maintaining the temperature of the fluid and gas in the pipes as well as the massive growth in the consumer comfort level in the developed countries. Such factors are expected to drive the market growth of the pre-insulated pipes over the coming years. Furthermore, the emerging countries such as China, Russia, and India are investing in the development owing to increase expansion positive demand for pre-insulated pipes in the end-use applications are creating opportunities in the market.

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However, the fluctuation in the raw material prices and high manufacturing cost for the pre-insulated pipes are expected to hinder the growth of the market. The countries such as the US, Canada, the UK, Germany, France, Italy, and Russia are highly investing in the import of the raw materials and overall pipe system of pre-insulated pipes. This creates the risk of volatility in the pre-insulated pipes, which expected to highly hamper the market during the forecast period.

Key Findings:

Based on the type, the rigid pre-insulated pipes segment are expected to hold for the 62% market share in the market
Based on the installation, the ground installed pre-insulated pipe segment is expected to grow at a CAGR of around 9.7% throughout the forecast period
Based on the end-use industry, the district heating & cooling segment is expected to dominate during the forecast period
In terms of volume and value, Europe accounted for the highest market share of almost 43% share in the global pre-insulated pipes market in 2018
Recent News:

In September 2018, Perma-Pipe Saudi Arabia LLC, a subsidiary of Perma-Pipe International Holdings Inc., signed up a contract with Saipem (Italy). The contract worth USD 15 million for the installation of 2 fuel oil lines of 30-inch diameter and length 55 km. Additionally, the contract comprises provision of the Xtru-Therm insulation system, field joints, and a leak detection system
In July 2017, Georg Fischer AG acquired Urecon Ltd in Canada. The company acquired a 49% shareholding in Urecon, which is one of the mThajor player in pre-insulated piping systems. The acquisition was aimed to increase its presence and customer base in the North American market
In May 2017, Uponor Oyj invested USD 17.4 million in its production facility in Apple Valley, Minnesota (US)
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AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it's not just sheer data points, but the right analysis that creates a difference. While some clients were unhappy with the inconsistencies and inaccuracies of data, others expressed concerns over the experience in dealing with the research firm. Also, same-data-for-all-business roles were making research redundant. We identified these gaps and built AllTheResearch to raise the standards of research support.

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