Global Pipe Insulation Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
"Global Pipe Insulation Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global pipe insulation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global pipe insulation market report has been segmented on the basis of material type, application and region.
Pipe insulation is a thermal insulation applied on pipework in order to avoid transmission of heat, sound, electricity, or corrosion. Pipe insulations are used for various applications in order to control condensation, pipe freezing, energy saving, and others. Pipe insulations can also control noise to travel from one part of a building to other. Raw materials used for pipe insulation are mineral wool, glass wool, rigid foam, aerogel, etc.
Increasing research activities for development of advanced pipe insulation materials owing to rapid industrialization for reducing heat, sound or electricity transmission, is a major factor expected to drive growth of the global pipe insulation market over the forecast period. In addition, rising demand for pipe insulation from rapidly growing oil and gas industry is anticipated to be another factor expected to fuel growth of the target market in the next coming years. Moreover, increasing demand for pipe insulation to withstand in any catastrophe or calamities due to its various features such as protection from extreme temperatures, corrosion resistant, and others is expected to bolster growth of the target market over the forecast period.
However, stringent regulations for environmental concerns regarding emissions of volatile organic compounds and other toxic elements are some factors which may hamper demand for pipe insulation and restrain growth of the global pipe insulation market over the forecast period. In addition, side-effects such as skin irritations and respiratory problems due to insulation materials is another factor expected to hinder growth of the target market to certain extent.
Increasing R&D investments and activities by key manufacturers for the development of eco-friendly pipe insulation materials is expected to create a lucrative opportunity for growth of the global pipe insulation market over the forecast period.
On the basis of material type, the rockwool material segment is estimated to account for highest growth in terms of revenue in the target market over the forecast period. On the basis of application, the industrial segment is anticipated to register for significant growth in terms of revenue in the target market over the forecast period.
The pipe insulation market in Asia Pacific accounts for major revenue share contribution in the target market and is expected to maintain its dominance over the forecast period. This dominance can be attributed to the increasing foreign direct investment in India coupled with growing construction activities in countries in the region, which in turn boost demand for pipe insulation over the forecast period. The Asia Pacific pipe insulation market is projected to witness fastest growth rate in the target market over the forecast period. The North America pipe insulation market is anticipated to grow at a significant rate in the target market during the forecast period, owing to growing automotive and construction industries in countries in the region, followed by Europe pipe insulation market. The market in Latin America and Middle East & Africa is estimated to account for considerable growth in terms of revenue in the global pipe insulation market during the forecast period respectively.
Market Segmentation and Key Players Operating in the Global Pipe Insulation Market:
Segmentation on the Basis of Material Type:
- Polyurethane & Polyisocyanurate Foam
- Elastomeric Foam
- Others (Wood, Rubber, and Chemical Coatings)
Segmentation on the Basis of Application:
- Energy Systems
- Building & Construction
- Others (Automotive, Agriculture, and Pharmaceutical)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF SE
- ROCKWOOL International A/S
- Covestro AG
- ARMACELL LLC
- Kingspan Group
- Owens Corning
- Compagnie de Saint-Gobain S.A.
- Huntsman International LLC
- Johns Manville Corporation (A Berkshire Hathaway Company)
- Knauf Insulation, Inc.
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