Global Pipe Insulation Market Size was valued at around USD 8.5 billion by 2017 and is anticipated to witness a steep rise by generating an estimated revenue of USD XX. XX over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 3.8% during the forecast period, i.e. 2017-2025.        

Global Pipe Insulation Market Growth Opportunities (Revenue, Growth) By 2017-2025

Pipe insulation is a method of insulation for pipes with various coatings, foam wraps, and other flexible films in order to safeguard them from the damage that may be caused by corrosion, heat, damage while shipping, moisture and others. There are various materials that are used in pipe insulation, hence the pipe insulation market is broad.

Market Dynamics

In 2018, pipe insulation market was valued at around USD 8.5 billion and is projected to expand at a faster pace over the forecast period. The growth in pipe insulation market is anticipated due to a number of reasons, but one of the major reason for this growth is extreme increase in the demand of pipe insulation by various industries such as paper & plastic, semiconductor & electronics, chemicals, automotive, construction and others. Growing awareness towards protection of pipes from environmental conditions and weather, that are serving major purposes in specific industries, has escalated the demand for insulation of pipes, which in return is expected to boost the growth of pipe insulation market over the forecast period. Increasing concern of government as well as factory owners towards the safety of workers has also led to the growth of pipe insulation market. Furthermore, durability of insulated pipes and safety offered by them in long run is boosting the growth of pipe insulation market. However, high cost of specialized pipe insulation materials can hinder the growth of pipe insulation market over the forecast period.

Segment Analysis 

Among insulation material, rockwool segment is expected to grow at a faster pace in the global pipe insulation market, owing to the high compressive strength and non-inflammable nature of rockwool material. Environment-friendly nature of rockwool along with higher durability and sustainability makes it an ideal pipe insulation material in many industries, which is also a major factor for the growth of the segment.

On the basis of application, industrial segment is expected to witness a steep rise in the global pipe insulation market owing to rising industrial activities across the globe where huge pipes are required for transfer of crucial operational substances such as lubricants, oil, water, and others. Oil segment is also expected to grow swiftly in the global pipe insulation market owing to the increased demand of sustainable and long-lasting pipes by the oil industry.

Regional Analysis

Asia Pacific is anticipated to be the fastest growing region in global pipe insulation market, due to increasing industrialization in growing Asian countries such as India and China. Increased urbanization in Asia Pacific, coupled with escalation in demand for energy is expected to boost the growth of pipe insulation market in the region. Furthermore, rise in number of oil & gas multinational companies in Asia Pacific, and growing industries of pharmaceutical, food and chemicals are expected to increase the demand of insulated pipes, which in return will aid to the growth of pipe insulation market in the region. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.

Global Pipe Insulation Market Size, Share Analysis By Region 2017

Global Pipe Insulation Market Study Objective

1. To forecast the market size of pipe insulation market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of pipe insulation market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of pipe insulation market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of pipe insulation market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the pipe insulation market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of pipe insulation market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of pipe insulation market commercially.

Competitive Landscape

Major players operating in pipe insulation market includes Owens Corning, BASF SE, Kingspan Group (Republic of Ireland), Rockwool International A/S, Saint-Gobain, Covestro AG, Armacell International S.A., and Huntsman Corporation.

Global Pipe Insulation Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.

Why Choose us?
• We offer the best industry research services.
• Our panel of experts has tremendous experience in their respective fields
• We use advanced analytical tools to provide highly personalized industry intelligence research.
• We provide easy-to- use information.
• Qualitative and Quantitative market research
• Market size assessment across various segments
• Potential early warning signals posed by existing market players
• Providing benchmark metrics by comparing an organization across the industry
• Competitive assessment which may impact business and product evaluation
• Insights about government or legal changes that might impact market statistics
• Operational cost optimization strategies