Press release
Pipe Insulation Market is projected to reach USD 13.35 billion Growth Strategies and Forecast to 2029 |
Pipe insulation
Urbanization, rising construction demand, district heating system adoption, and gas liquefaction terminal expansion are driving market growth in the U.S. Pipe insulation demand is also expected to rise due to intense competition from numerous manufacturers and suppliers.
Pipe insulation prices vary based on production processes and raw materials. Pharmaceutical companies are increasing capacity, requiring pipe insulation for production facilities. However, corrosion under insulation, a localized form, poses a major challenge for the industry.
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**Note: Version 2023 has been updated.
What does this report offer?
Market size (historical and future), market growth, technical trends, market share, market dynamics, competitive landscape, and key players are all factors to consider.
Development trends, competitive landscape analysis, supply-side analysis, demand-side analysis, year-over-year growth, competitive benchmarking, vendor identification, CMI quadrant, and other significant analysis, as well as development status.
Recent market developments and projected growth prospects, geographical reports that can be tailored to demand
Global Pipe Insulation Market growing at a CAGR of 6%, and it is expected to reach USD 13.35 billion by 2029, over the forecast period 2023-2029.
Market Trends
Building and construction dominate the pipe insulation market, utilizing energy-efficient HVACs, plumbing, and electrical fittings. The number of residential and commercial air conditioner units has increased significantly.
The growth in the pipe insulation market is largely due to the increasing spending in the building and construction industry, which reached USD 11.4 trillion in 2018 and sold USD 340 billion.
Opportunity
The growing demand for pipe insulation in the chemicals and petroleum industry, coupled with its potential use in food and pharmaceutical industries, is expected to drive market growth.
Restraint/Challenge
Pipe insulation market faces challenges due to installation complexity and maintenance, which can lead to longer installation times and operational disruptions. Proper maintenance is crucial for long-term effectiveness and energy savings. Environmental damage and potential fire and explosions due to chemical reactions are also expected to challenge the market. The report provides insights into market growth, market share, and opportunities for growth.
Who are the key industry players?
Rockwool International A/S, Owens Corning, Saint-Gobain, Kingspan Group, Armacell International S.A., Huntsman Corporation, Johns Manville, Knauf Insulation, BASF SE and Covestro AG.
Recent Developments:
In May 2022, Saint-Gobain S.A. made an investment in a new blowing glass wool production line in its ISOVER plant in France to meet the rising demand of the French market for roof space thermal insulation solutions
In December 2021, Saint-Gobain S.A. has entered into an agreement with Alghamin group for the acquisition of its 100% subsidiary, Rockwool India Pvt Ltd, a major manufacturer of stone wool in India with a range of insulation products for thermal, acoustic and fire safety applications.
What precisely is market segmentation?
Global Pipe Insulation Market by Material Type, 2023-2029, (USD Million) (Kilotons)
Rockwool
Fiberglass
Polyurethane & Polyisocyanurate Foam
Elastomeric Foam
Global Pipe Insulation Market by Application, 2023-2029, (USD Million) (Kilotons)
Oil
Industrial
District Energy Systems
Building & Construction
Pipe Insulation Keyword Analysis by Regions - Global Version
- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, the United Kingdom, the Netherlands, Italy, the Nordic countries, Spain, Switzerland, and the remainder of Europe)
- Asia-Pacific (including China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the rest of APAC)
- South America (Brazil, Argentina, Chile, Colombia, and the remaining countries, among others)
- the Middle East and Africa (Saudi Arabia, UAE, Israel, Egypt, Turkey, Nigeria, South Africa, and the rest of the MEA)
This report contains detailed quantitative assessments of the Pipe Insulation market as well as recommendations for building strategies to assist market success and growth.
Table of Content:
1 Study Reporting
1.1 Pipe Insulation Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Pipe Insulation Market Size Growth Rate by Type
1.5 Market by Application
2 Executive Instantaneous
2.1 Global Pipe Insulation Market Size
2.1.1 Global Pipe Insulation Revenue
2.1.2 Global Pipe Insulation Production
2.2 Pipe Insulation Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Pipe Insulation Manufacturers
2.3.2.1 Pipe Insulation Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers «Keyword» Product Offered
2.3.2.3 Date of Manufacturers Enter into Pipe Insulation Market
2.4 Key Trends for Pipe Insulation Markets & Products
3 Market Size by Manufacturers
3.1 Pipe Insulation Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans
4 Pipe Insulation Production by Regions
4.1 Global Pipe Insulation Production by Regions
4.1.1 Global Pipe Insulation Production Market Share by Regions
4.1.2 Global Pipe Insulation Revenue Market Share by Regions
4.2 United States
4.2.1 United States Pipe Insulation Production
4.2.2 United States Pipe Insulation Revenue
4.2.3 Key Players in United States
4.2.4 United States Pipe Insulation Import & Export
4.3 Europe
4.3.1 Europe Pipe Insulation Production
4.3.2 Europe Pipe Insulation Revenue
5 Pipe Insulation Consumption by Regions
5.1 Global Pipe Insulation Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country
6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type
7 Market Size by Application
7.1 Overview
7.2 Global Pipe Insulation Breakdown Dada by Application
7.2.1 Global Pipe Insulation Consumption by Application
7.2.2 Global Pipe Insulation Consumption Market Share by Application
8 Manufacturers Profiles
9 Production Forecasts
9.1 Pipe Insulation Production and Revenue Forecast
9.1.1 Global Pipe Insulation Production Forecast
9.1.2 Global Pipe Insulation Revenue Forecast
9.2 Pipe Insulation Production and Revenue Forecast by Regions
9.2.1 Global Pipe Insulation Revenue Forecast by Regions
9.2.2 Global Pipe Insulation Production Forecast by Regions
9.3 Pipe Insulation Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Pipe Insulation Production Forecast by Type
9.4.2 Global Pipe Insulation Revenue Forecast by Type
10 Consumption Forecast
10.1 Pipe Insulation Consumption Forecast by Application
10.2 Pipe Insulation Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Pipe Insulation Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Pipe Insulation Consumption Forecast by Regions 2018-2025
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Pipe Insulation Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Pipe Insulation Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Pipe Insulation Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa
11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Pipe Insulation Sales Channels
11.2.2 Pipe Insulation Distributors
11.3 Pipe Insulation Customers
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators
13 Key Findings in the Global Pipe Insulation Study
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer
Continue….
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The study of the effects of the Russia-Ukraine War and COVID-19 on Pipe Insulation industry will be added to the final report.
The market for Pipe Insulation has been thoroughly researched for this research report using both primary and secondary sources. Along with a competitive analysis of the market, segmented by application, type, and geographical trends, it offers a comprehensive overview of the market's present and future goals. Additionally, a dashboard analysis of the previous and current performance of top organizations is provided. To ensure accurate and thorough information about the Pipe Insulation Market, a range of approaches and analysis are utilized in the study.
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