A report on the Pipe Insulation Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Pipe Insulation Market. The historic years considered for the study are 2015-2020 the base year is 2021, and the forecast period is 2021-2026.

The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.

Market Analysis

Pipe Insulation Market is likely to witness a moderate CAGR of 3.4% during the forecast period. The prime factor that is contributing to the demand for pipe insulation is growing production of oil in countries such as the US, Saudi Arabia, Iran, and Russia, along with the presence of stringent regulations to insulate pipelines.

The Market is segmented by Application Type (Industrial, Oil, District Energy Systems, Building & Construction, and Other Applications), by Material Type (Rockwool, Polyurethane & Polyisocyanurate Foam, Fiberglass, Elastomeric Foam, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Pipe Insulation Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.

Report Features

The report delivers a detailed view of the industry based on Pipe Insulation Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-

–           Market structure: Overview, industry life cycle analysis, supply chain analysis

–           Covid-19 Impact analysis.

–           Market environment analysis: Growth drivers and constraints, and SWOT analysis.

–           Market trend and forecast analysis.

–           Market segment trend and forecast.

–           Competitive landscape and dynamics: Market share, product launches, etc.

–           Attractive Market segments and associated growth opportunities.

–           Emerging trends.

–           Strategic growth opportunities for the existing and new players.

The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.

Key Segments Pipe Insulation Market Report Covers:

Based on the application type, the market is segmented as industrial, oil, district energy systems, building & construction, and other applications. The industrial segment holds the largest market share, followed by the oil segment, in terms of value. Rapid industrialization in the developing economies such as APAC and South America; and the necessity to insulate pipelines used in various process industries are the major growth drivers of the market for the industrial segment during the forecast period.

Based on the material type, the market is segmented as rockwool, polyurethane & polyisocyanurate foam, fiberglass, elastomeric foam, and others. The rockwool material type is expected to rule the market during the forecast period, in terms of value, owing to its non-flammable nature and high compressive strength, which drive its demand in various applications. Adding to its properties is its sustainability, as it does not cause any harm to the environment.

In terms of regions, Asia-Pacific is estimated to be the largest pipe insulation market during the forecast period, owing to the growing industries in the region’s emerging economies, such as China and India. They are majorly driven by the rising per capita disposable income, rapid urbanization, and growing demand for district energy systems, creating high growth for the market. Adding to the growth drivers is the high growth in various industries such as pharmaceuticals, food processing, and chemicals.

According to the report, brands or companies that are leading globally in this Market are –

  • Rockwool International A/S
  • Armacell International Holding GmbH
  • Kingspan Group plc
  • Owens Corning
  • Saint-Gobain S.A.
  • Huntsman Corporation
  • Johns Manville
  • Knauf Insulation
  • BASF S.E.
  • Covestro AG

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