Pipe Insulation Market Information: By Type (Foamed Plastic, Elastomeric Foam, Mineral Wool, Fiber Glass), End-Use Industry (Chemical and Oil & Gas, Power, Automotive, Construction, Food & Beverages, Pharmaceuticals), And Region — Global Forecast Till 2023
BASF SE (Germany), Covestro AG (Germany), Huntsman International LLC (US), Rockwool International A/S (Denmark), Saint-Gobain (France), Armacell International SA (Luxembourg), Owens Corning (US), Thermaxx Jackets (US), Cellofoam GmbH & Co. KG (Germany), Great Lakes Textiles (US), Kingspan Group (Republic of Ireland), Knauf Insulation (UAE), Wincell Insulation Co.Ltd (China), Dunmore (US) and Johns Manville (US)
Pipe Insulation Market Size was valued at USD 8.54 billion in 2018 and is projected to grow at a CAGR of 3.6% during the forecast period. Pipe insulations are the insulation used especially on pipes to reduce heat loss or heat gain to or from the surrounding atmosphere and also to provide barrier against moisture and chemical.
Pipe insulation are required to protect the pipes from corrosion and also to avoid pipe leakages during transportation and shipping. Various types of pipe insulation available in the market are foamed plastic, elastomeric foam, fiber glass, mineral wool, and others. The choice of the insulation type is mostly dependent on the required R-value and its affordability.
Pipe Insulation Market has been segmented by type, end-use industry, and region.
Based on raw material, the global pipe insulation market has been segmented into foamed plastic, elastomeric foam, fiber glass, mineral wool, and others. Among them, the mineral wool segment held the largest market share in 2018 due to its excellent fire-resistance and high compressive strength. Additionally, it is derived from renewable raw material and does not cause any harm to the environment. However, the foamed plastic segment is expected to grow at a fastest CAGR during the forecast period due to its superior thermal, acoustic, and moisture barrier properties.
Based on end-use industry, the global pipe insulation market has been segmented into chemical, oil & gas, power, automotive, building & construction, food & beverages, pharmaceutical, and others. Among them, the oil & gas segment held the larger market share in 2018, in terms of both value and volume, due to the huge size of the oil & gas industry as well due to the growing cross border oil & gas transportation.
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The global pipe insulation market has been studied with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific held the largest market share in 2018 and is expected to grow at a fastest CAGR during the forecast period.
North America and Europe are collectively following Asia-Pacific in terms of market size and are expected to show steady growth during the forecast period.
The Middle East & Africa market is expected to contribute significantly to the global pipe insulation market in 2018. Latin America market is expected to experience increasing demand for pipe insulation during the forecast period.
LIST OF FIGURES
FIGURE 1 Global Pipe Insulation Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis Of Global Pipe Insulation Market
FIGURE 4 Value Chain Of Global Pipe Insulation Market
FIGURE 5 Share Of Global Pipe Insulation Market In 2018, By Country
FIGURE 6 Global Pipe Insulation Market, 2016−2023,
FIGURE 7 Global Pipe Insulation Market Size, By Type, 2018
FIGURE 8 Share Of Global Pipe Insulation Market, By Type, 2016−2023
FIGURE 9 Global Pipe Insulation Market Size, By End-Use Industry, 2018
FIGURE10 Share Of Global Pipe Insulation Market, By End-Use Industry, 2016−2023
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