Industrial Pipe Insulation Market to Reap Excessive Revenues by 2017-2027
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Industrial Pipe Insulation Market:Market Dynamics
Increasing industrialization across the world is one of the major drivers for the industrial pipe insulation market. Moreover, increasing demand for an effective temperature control solution as well as increased emphasis on conservation of energy by reducing heat loss or gain to reduce operational cost will trigger the replacement of previously installed temperature control solutions. This will affect the growth of industrial pipe insulation market positively during the forecast period. Moreover, stringent regulations related to health and safety of the employees will also bolster the market of industrial pipe insulation. However, the abrading nature as well as high cost of insulation can act as restraints to this market. Also, availability of substitutes such as electric trace heating will hamper the market of industrial pipe insulation.
Industrial Pipe Insulation Market:Market Segmentation
Segmentation ofindustrial pipe insulation market can be doneon the basis of type as follows:
Fiberglass pipe Insulation
Fiberglass board and blanket insulation
Rockwool pipe insulation
Rockwool blanket insulation
Segmentation of industrial pipe insulation market can be doneon the basis of application as follows:
Prevention of corrosion.
Prevent heat loss.
Segmentation of industrial pipe insulation market can be doneon the basis of end use industry as follows:
Electric power industry
Food and beverages industry
Oil and gas industry
General manufacturing industry
Industrial Pipe Insulation Market: Regional Outlook
Asia Pacific is a major market in terms of growth, in industrial pipe insulation market due to substantial growth of chemical industry, polymer industry, etc. in countries such as India and China. Asia Pacific is followed by North America and Europe, which also hold major shares in the industrial pipe insulation market, which is chiefly due to the growth of the construction industry in these regions.
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Industrial Pipe Insulation Market: Market Participants
Some of the examples of the market participants in the global industrial pipe insulation market, identified across the value chain are:
L'ISOLANTE K-FLEX S.p.A.
GILSULATE INTERNATIONAL, INC
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