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.
Some of the key participants in this Pipe Insulation Market industry include:
Huntsman, Armacell, Covestro, Johns Manville, Saint-Gobain, Wincell, Sekisui Foam Australia, Kingspan, Knauf Insulation, and HW Insulation Systems.
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The Global Pipe Insulation Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects.
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.
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The report studies the impact of the COVID-19 pandemic on the Pipe Insulation Market .The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.
Scope of the Global Pipe Insulation Market Report :
The report performs an accurate estimation of the growth prospects of the different market segments by studying the current market scenario, past performance, demand and supply ratio, production, consumption, sales, and revenue generation of the key players in the upcoming years. The market segmentation provides a 360° view of the Pipe Insulation Market industry, which turns out to be beneficial for readers interested in this sector.
Global Pipe Insulation Market Market Research Objectives:
- To provide deep understanding of the Pipe Insulation Market industry.
- To highlight the critical data of each segment at extensive level.
- To determine key success factors in different segments of Pipe Insulation Market industry.
- To highlight the trends in specific sectors.
- To give insights into key segments.
- To carry economic analysis, build quantitative and financial models of global Pipe Insulation Market industry and individual segments.
- To project future performance of the global Pipe Insulation Market industry and identify imperatives.
- To identify risks of investing in particular segments and suggest appropriate strategies to mitigate the risks.
- To study what held back the Pipe Insulation Market industry during pandemic and forces that are driving up the global Pipe Insulation Market post-pandemic.
Segmentation :
Emergen Research has segmented the pipe insulation market on the basis of material, application, and region:
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
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
About Emergen Research
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 analyze 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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