Pipe Insulation Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2030

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Rising demand for gas and oil is one of the key factors driving market revenue growth

The pipe insulation market size reached USD 9.50 Billion in 2021 and is expected to register a revenue CAGR of 4.7% during the forecast period according to the latest analysis by Emergen Research. The rising demand for gas and oil is a key factor driving the market revenue growth. Particularly in locations where they can quickly attain extremely high temperatures, pipes must be well insulated. This is due to the constant possibility of coming into contact with the pipes and thus becoming heated or burned. For instance, as factory pipes frequently reach extremely high temperatures, they must be insulated to safeguard workers. A person can fall on a heated pipe as a result of a simple slip, and get seriously injured. Because the pipes carry hot water, condensation can easily build on the outside, and corrosion results when the water sits on the pipes. The pipe will need to be replaced, which is expensive when it corrodes. That makes the requirement of pipe insulation even more necessary.

However, different layer thicknesses are required for mechanical insulation systems based on the ambient temperature. The facility can be made more energy-efficient, which lowers running costs, by installing the right insulation. A lack of thorough knowledge of a manufacturer's product installation guidelines by a mechanical insulation contractor increases the risk of system damage or inefficiency. Inadequate insulation can cause an excessive amount of heat transfer, which affects energy efficiency and ultimately increases plant operating costs. Mechanical insulation systems can be harmed in different ways.

The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.

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Some Key Highlights from the Report:

  • The rockwool segment is accounted largest revenue share in 2021. When rockwool is squeezed into its ultimate insulating shape, it performs poorly as a heat conductor. This prevents a structure with rockwool insulation from losing heat. It is also a noise dampener, so it does a poor job of conveying sound waves. As a result, loud noises inside buildings cause less noise pollution. Additionally, it resists fire. It has less of an impact on the environment due to its natural origin and hazard-free certifications that offer a minimum embodied carbon.
  • The industrial segment is expected to register substantial revenue growth rate over the forecast period. Industrial pipe insulation can lower ambient temperatures, prevent worker exhaustion and dehydration, as well as eliminate an immediate safety issue by reducing the heat generated by the piping. Materials that are non-flammable and non-corrosive are used to make industrial pipe insulation. Therefore, installing these piping insulation types will give the factory or commercial building some passive fire protection.
  • Market in the Asia Pacific is expected to register considerable growth. China is experiencing a growing need for industrial pipe insulation materials as a result of the nation's developing awareness of energy efficiency, fast industrial expansion, and economic development.

Market Drivers:

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

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Regional Analysis:

The report sheds light on the region expected to dominate the pipe insulation market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the pipe insulation market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

Leading Companies of the pipe insulation Industry and Profiled in the Report are:

Huntsman, Armacell, Covestro, Johns Manville, Saint-Gobain, Wincell, Sekisui Foam Australia, Kingspan, Knauf Insulation, and HW Insulation Systems.

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Emergen Research has segmented the pipe insulation market on the basis of material, application:

  • Material (Revenue, USD Billion; 2019–2030)
    • Polyurethane Polyisocyanurate
    • Rockwool
    • Elastomeric Foam
    • Fiberglass
    • Others
  • Application Outlook (Revenue, USD Billion; 2019–2030)
    • District Energy Systems
    • Industrial
    • Oil
    • Others

Overview of the pipe insulation Market Report:

  • Introduction, Product Scope, Market Overview, and Opportunities
  • Analysis of the Manufacturers with sales, revenue, and price analysis
  • Comprehensive analysis of the competitive landscape
  • Extensive profiling of the key competitors along with their business strategies and market size
  • Regional analysis of the market along with sales, revenue, market share, and global position
  • Country-wise analysis of the market along with types, applications, and manufacturing
  • Strategic recommendations to established players as well as new entrants
  • In-depth analysis of the risks, restraints, and limitations in the pipe insulation industry

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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