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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Pipe Insulation Market size was valued at US$ 9.3 billion in 2023 and is anticipated to grow to US$ 11.4 billion by 2030 recording a significant CAGR of 4.5% from 2024-2030. Pipe insulation is a substance or a combination of materials that is used to provide a protective coating around pipes. Heat, moisture, corrosion, chemical reactions, damages, and breaking are all managed and controlled by this layer. Power transmission, chemicals, paper production, building and construction, electronics and electrical, automotive, food and beverage, and other industries all employ pipe insulation goods. Mineral glass fibre, mineral wool, polyurethane foam, glass wool, calcium silicate, expanded perlite, refractory fibre, expanded silica, and other materials are used in the pipe insulation process. In industrial facilities, commercial buildings, and power plants, mineral glass fibre insulation is utilised on cold, hot, exposed, and concealed pipes. Mineral wool insulation is used to insulate industrial and residential pipework at temperatures ranging from -150 degrees Celsius to +650 degrees Celsius. Straight pipelines are insulated with polyurethane foam. It's more adaptable, acts as a water repellent, and is chemically resistant. Insulation has been widely used for decades to maximize energy conservation and maintain temperatures in flowing fluids. Corrosion under insulation is one of the most difficult processes to prevent. It is a major safety threat to chemical processes with pipes and pressure vessels for moving and storing fluids. Hence, corrosion under insulation issues leading to health-related incidents hampers the market growth. The global pipe insulation market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in October 2018, Saint-Gobain acquired Kaimann GmbH International, which is one of Europe's leading manufacturers of elastomeric insulation products.
Study Period
2024-2030Base Year
2023CAGR
4.5%Largest Market
Asia-PacificFastest Growing Market
North America
The report on global pipe insulation market gives historical, current, and future market sizes (US$ Bn) on the basis of product, application and region.This report studies global pipe insulation market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.In addition, global pipe insulation market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.Moreover, PBI analyzed global pipe insulation market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).Key stakeholders of the global pipe insulation market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global pipe insulation products.
Global Pipe Insulation market report gives comprehensive outlook on pipe insulation across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific accounted for larger revenue share in global pipe insulation market with considerable CAGR. The growth in this region can be attributed to rapid urbanization, Rising per capita disposable income and growing demand for district energy systems. Also, growth in various industries further enhances the market growth. In addition, India and China are the major contributors for the growth of the market in this region. Additionally, North America is expected to hold steady growth during the estimated period owing to rising modern agricultural methods and increasing manufacturing activities.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 9.3 billion |
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Market Size in 2030 |
US$ 11.4 billion |
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Market CAGR |
4.5% |
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By Material Type |
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By Application |
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By Region |
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The Pipe Insulation Market size was valued at US$ 9.3 billion in 2023
The Pipe Insulation Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The Pipe Insulation Market key players Armacell International S.A. (Germany), BASF SE (Germany), Covestro AG (Germany), Huntsman Corporation (US), Johns Manville (US), Kingspan Group (Republic of Ireland), Knauf Insulation (US), Owens Corning (US), Rockwool International A/S (Denmark), Saint-Gobain (France)
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.