Overview

Pipe Insulation Market Introduction

pipe insulation market is foreseen to value over USD 11.2 billion by 2027 end and register CAGR of over 3% during the forecast period 2020 to 2027.

Pipe insulation maintains the temperatures and averts heat loss or gain from the surface of the pipe. Many industries like agriculture, chemical, paper and automotive vastly use pipe insulation. The pipe insulation market is segmented into fiberglass, rockwool, elastomeric foam, polyurethane & polyisocyanurate foam and others.
The rise in energy & power, oil and chemical industries has led to a huge growth of the pipe insulation market. Pipe insulation bids more efficiency and provides long life sustainability to these sectors.

High growth in industries like pharmaceuticals, chemicals and food processing is expected to boom the pipe insulation market. Growing awareness about environmental safety and workers' health safety are fueling the growth of the market. Increasing demand for district energy systems is expected to boom the market.

However, change in the price of raw materials has hindered the growth of the market.
South America and Asia and Pacific are expected to drive the market in the coming time. North America and Europe hold the majority of the share of the market.

Some of the significant players of the industry are Saint-Gobain, Rockwool International, Huntsman Corporation, Owens Corning and Kingspan Group.

Pipe Insulation Market Segmentation:
By Material Type
● Fiberglass
● Rockwool
● Elastomeric Foam
● Polyurethane & Polyisocyanurate Foam
● Others
By End User
● Building & Construction
● Industrial
● Oil
● District Energy Systems
● Other
By Region
● Europe
● North America
● Asia-Pacific
● Latin America
● Rest of World

Competitive Landscape:
● Tier 1 players- established companies in the market with major market share
● Tier 2 players
● Emerging players which are growing rapidly
● New Entrants

FutureWise Key Takeaways:
● Growth prospects
● SWOT analysis
● Key trends
● Key data points affecting market growth

Objectives of the Study:
● To provide an exhaustive analysis on global pipe insulation market on the basis of type of material, end-use industry and region
● To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
● To evaluate and forecast micro-markets and overall market
● To predict market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
● To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
● Profiling of companies to evaluate their market shares, strategies, financials and core competencies