Pipe Insulation Market Estimated to Cross US$ 15 Bn by 2030

The global Pipe Insulation market size is expected to reach USD 15 billion by 2030, registering a CAGR of 6% over the forecast period 2021 – 2030.

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Growth Factors

 Increasing infrastructure spending in the emerging markets of Asia Pacific and Central and South America is expected to propel market growth. The price structure of the product varies with respect to production processes and raw materials used. Fluctuating raw material prices result in variations in the prices of thermal insulating materials, thus affecting the suppliers that have integrated themselves across the value chain, thereby enabling them to gain superior control over product pricing.

Growing adoption of cogeneration or Combined Cooling, Heat, and Power (CCHP) technology for electricity generation is expected to drive the product demand. In addition, rising investments in R&D activities to optimize and lower the cost of insulation materials including (PU) and polyisocyanurate are expected to benefit the market.

Report Coverage

Report Scope Details
Market Size USD 15 billion by 2030
Growth Rate CAGR of 6 From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Armacell; Lydall, Inc.; Kingspan Group; Owens Corning; Huntsman International LLC; Saint-Gobain Group; Rockwool Insulation A/S; Johns Manville; Knauf Insulation; BASF SE; Covestro AG; Wincell Insulation Co., Ltd.; NMC International SA; Gilsulate International, Inc.; Sekisui Foam Australia; Omkar Puf Insulation PVT. LTD

Report Highlights

The & polyisocyanurate foam segment dominated the market and accounted for the largest revenue share of around 33.0% in 2021. The product is typically used in pipe insulation applications as it can restrict the absorption of air, water, and gas. The material is commonly used in applications below 50°F. as it offers excellent dimensional stability over a wide temperature range.

 The industrial application segment dominated the market and accounted for the largest revenue share of around 49.0% in 2021. Escalating demand for piping systems in various industries such as, oil and gas, power generation, chemical, and wastewater treatment is estimated to augment segment growth. The product is used in oil pipelines to provide enhanced safety, particularly in onshore pipelines.

Europe dominated the pipe insulation market and accounted for the largest revenue share of about 44.0% in 2021. This can be attributed to the rapidly increasing number of construction and infrastructural activities coupled with the rising installation of district energy systems in economies such as Germany, the U.K., Spain, and others.

In Asia Pacific, the market is expected to witness the fastest CAGR of 10.8% over the forecast period owing to growing investments in the chemical processing industry. In addition, rising demand from the oil and gas sector, coupled with rapidly expanding their LNG regasification capacities to meet future demand is expected to propel market growth.

Key Players

  • Armacell
  • Lydall, Inc.
  • Kingspan Group
  • Owens Corning
  • Huntsman International LLC
  • Saint-Gobain Group
  • Rockwool Insulation A/S
  • Johns Manville
  • Knauf Insulation
  • BASF SE
  • Covestro AG
  • Wincell Insulation Co., Ltd.
  • NMC International SA
  • Gilsulate International, Inc.
  • Sekisui Foam Australia
  • Omkar Puf Insulation Pvt. Ltd.

Market Segmentation

  • Product
    • Cellular glass
    • Polyurethane & Polyisocyanurate Foam
    • Fiberglass
    • Elastomeric Foam
    • Others
  • Application
    • Industrial
    • Building & Construction
    • District Energy System
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Application Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Pipe Insulation Market, By Product

7.1.  Pipe Insulation Market, by Product, 2021-2030

7.1.1.    Cellular glass

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Polyurethane & Polyisocyanurate Foam

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Fiberglass

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Elastomeric Foam

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Others

7.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Pipe Insulation Market, By Application

8.1.  Pipe Insulation Market, by Application, 2021-2030

8.1.1.    Industrial

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Building & Construction

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    District Energy System

8.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Pipe Insulation Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Armacell

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Lydall, Inc.

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Kingspan Group

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Owens Corning

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Huntsman International LLC

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Saint-Gobain Group

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Rockwool Insulation A/S

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Johns Manville

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Knauf Insulation

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           BASF SE

10.10.1.               Company Overview

10.10.2.               Product Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

10.11.           Covestro AG

10.11.1.               Company Overview

10.11.2.               Product Offerings

10.11.3.               Financial Performance

10.11.4.               Recent Initiatives

10.12.           Wincell Insulation Co., Ltd.

10.12.1.               Company Overview

10.12.2.               Product Offerings

10.12.3.               Financial Performance

10.12.4.               Recent Initiatives

10.13.           NMC International SA

10.13.1.               Company Overview

10.13.2.               Product Offerings

10.13.3.               Financial Performance

10.13.4.               Recent Initiatives

10.14.           Gilsulate International, Inc.

10.14.1.               Company Overview

10.14.2.               Product Offerings

10.14.3.               Financial Performance

10.14.4.               Recent Initiatives

10.15.           Sekisui Foam Australia

10.15.1.               Company Overview

10.15.2.               Product Offerings

10.15.3.               Financial Performance

10.15.4.               Recent Initiatives

10.16.           Omkar Puf Insulation Pvt. Ltd.

10.16.1.               Company Overview

10.16.2.               Product Offerings

10.16.3.               Financial Performance

10.16.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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