Global Pipe Insulation Market By Material Type (Mineral Wool, Fiberglass, Foams and Others), By Industry Vertical (Oil & Gas, Energy & Power, Manufacturing Industry, Building & Construction and Others) and By Region - Global Forecast to 2030

Marketresearch.Biz announces publication of its most recently generated research report titled, “Global Pipe Insulation Market by Material Type (Mineral Wool, Fiberglass, Foams, Other Material Types), By Industry Vertical (Oil & Gas, Energy & Power, Manufacturing Industry, Building & Construction, Other Industry Verticals), and by Region – Global Forecast to 2030”, which offers a holistic view of the global pipe insulation market through systematic segmentation that covers every aspect of the target market.

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The Global Pipe Insulation Market is projected to be US$ 9,148.7 Mn in 2020 to reach US$ 12,899.4 Mn by 2030 at a CAGR of 3.6%.

Pipe insulations are materials/combinations of materials coated around the pipe, which holds back heat energy flow. Mostly acoustic or thermal insulation is done around the pipe. These types of insulations inhibit the energy losses to a certain extent, which in turn results in reducing energy costs and increases longetivity.  The insulation performing functions for piping is; it conserves energy by reducing heat loss or gain, facilitates temperature control of the process, prevents vapor flow and water condensation on cold surfaces, prevents or reduces damage to equipment from exposure to fire or corrosive atmospheres, and reduces emissions of pollutants to the atmosphere.

Apart from functions provided by insulation, below are major insulation types for various insulation materials;

• Mineral wool is a non-metallic, inorganic product manufactured from a carefully controlled mix of raw materials, which primarily comprises either stone or silica heated to a high temperature until molten
• Fibreglass is one of the most common insulation materials which is made up of fine glass fibers and commonly used in batts, rolls, and loose-fill insulation
• Foam insulation is made up of various plastic such as polyurethane foam, expanded perlite foam, expanded polystyrene foam. The operating temperature is from -150°C to 125°C.

Global Pipe Insulation Market Revenue (US$ Mn), 2020–2030 Segmentation of the Global Pipe Insulation Market is achieved under material type, industry vertical, and regions. Based on material type, the market is segmented into mineral wool (rock wool and slag wool), fibreglass, foams, and other material types. Based on the industry vertical, the market is segmented into oil & gas, energy & power, manufacturing, building & construction, and other end-use industries. The global pipe insulation market is segmented region-wise into North America, Europe, Asia-Pacific, South America, and the MEA

Global Pipe Insulation Market Attractiveness Analysis by Form, 2014–2030

Increasing adoption of District Energy Systems (DES) is utilized in the construction industry to drive the pipe insulation market growth as DES is the network of hot and cold water pipes buried underground, which competently heats and cools the buildings using less energy.

Growing disposable income, coupled with increasing investments in the automotive industry, will expand the industry landscape. High flexibility & reliability in line with less maintenance and installation cost will propel the market scenario.

Inconsistent prices of the raw material, high costs associated with industrial piping insulations, product durability, and safety concerns are critical factors or parameters that will impede the pipe insulation market.

The research report on the global pipe insulation market includes profiles of some of the major companies such as Berkshire Hathaway Inc., BASF SE, Compagnie de Saint-Gobain S.A, Covestro AG, Kanuf Group (Knauf Insulation Ltd.), Owens Corning, Нuntѕmаn Corporation, Kingspan Group Plc, Rockwool International A/S, and PAI Partners.

Segmentation for Global Pipe Insulation Market :

By Material Type

• Mineral Wool
• Fiberglass
• Foams
• Other Material Types

By Industry Vertical

• Oil & Gas
• Energy & Power
• Manufacturing Industry
• Building & Construction
• Other Industry Verticals

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA

• Berkshire Hathaway Inc.
• BASF SE
• Compagnie de Saint-Gobain S.A
• Covestro AG
• Kanuf Group (Knauf Insulation Ltd.)
• Owens Corning
• Нuntѕmаn Corporation
• Kingspan Group Plc
• Rockwool International A/S
• PAI Partners.