Global Pipe Insulation Market Scope and Market Size
Global pipe insulation market issegmented on the basis of product type, material type, temperature andapplications. The growth among segments helps you to analyse niche pockets ofgrowth and strategies to approach the market and determine your coreapplication areas and the difference in your target markets.
· Onthe basis of product type, the market is segmented into thin films, foils,wraps, rigid insulated products, stone wool insulation covers, coating materialand others. Rigid insulated products are dominating due to its low thermalconductivity and also they provides safety from fire as they have flameretardants property and they are also less expensive as compare to other products.
· Onthe basis of material type, the market is segmented into rockwool, fiberglass,polyurethane, polystyrene, polyolefin, polypropylene, polycarbonate, polyvinylchloride, urea formaldehyde, phenolic foam, elastomeric foam and others.Polyurethane is dominates the market globally, since it has the high loadbearing capacity and have a high melting point.
· Onthe basis of temperature, the market is segmented into cold insulation and hotinsulation. Cold insulation is dominating the market as rigid insulatedproducts are mainly used in cold insulation process that will prevent the heatloss from the pipe surface on a wider range.
· Onthe basis of application, the market is segmented into building andconstruction, electronics, chemical industry, energy & power, oil and gas,automotive, transportation, food and beverage and others. Oil & gasindustry is dominating globally mainly in Asia-Pacific as the demand of oils isvery high and for the safe transportation of oil the vast setup of pipelines isrequired for oil and gas industry.
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High Demand of Pipe Insulation in Developed Nations
Pipe insulation market also provides youwith detailed market analysis for every country growth in industry with sales,components sales, impact of technological development in pipe insulation andchanges in regulatory scenarios with their support for the pipe insulationmarket. The data is available for historic period 2010 to 2018.
Competitive Landscape and PipeInsulation Market Share Analysis
Pipe insulation market competitivelandscape provides details by competitor. Details included are companyoverview, company financials, revenue generated, market potential, investmentin research and development, new market initiatives, global presence,production sites and facilities, company strengths and weaknesses, productlaunch, product trials pipelines, product approvals, patents, product width andbreadth, application dominance, technology lifeline curve. The above datapoints provided are only related to the companies’ focus related to pipeinsulation market.
The major players covered in the reportare Kingspan Group, Saint-Gobain, Covestro AG., Knauf Insulation, BASF SE, DOW,Huntsman International LLC, Owens Corning, armacell, Johns Manville, CellofoamGmbH & Co. KG , All American Insulation Services, Inc. , L'ISOLANTE K-FLEXS.p.A ,3M, NMC sa , ROCKWOOL International A/S , Röchling , DUNMORE., Synavax ,Great Lakes Textiles , GILSULATE INTERNATIONAL, INC , Commercial ThermalSolutions, Inc. PolarClad Tank Insulation, Gulf Cool Therm Factory LTD , MayesCoatings & Insulation, Inc. among other domestic and global players. DBMRanalysts understand competitive strengths and provide competitive analysis foreach competitor separately.
Many product developments are alsoinitiated by the companies worldwide which are also accelerating the growth ofpipe insulation market.
For instance,
· InJune 2018, Röchling expand its production facility in Oarja/Piteşti, Romania.Through this expansion, the company aims to fulfill the demand of theircustomers and to enhance their product portfolio in the market
· InFebruary 2019, Great Lakes Textiles, declared a new product PVC fitting coversin their product portfolio, which help to generate more revenue and meet thedemand of pipe insulation market.
· Partnership,joint ventures and other strategies enhances the company market share withincreased coverage and presence. It also provides the benefit for organisationto improve their offering for pipe insulation through its applications.
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Pipe Insulation Market Country Level Analysis
Pipe insulation market is analysed andmarket size information is provided by country, product type, material,temperature and application as referenced above.
The countries covered in the pipeinsulation market report are U.S., Canada, Mexico in North America, Germany,Italy, France, Spain, UK, Switzerland, Russia, Turkey, Belgium, Netherlands andRest of Europe in Europe, China, India, Japan, South Korea, Australia,Singapore, Indonesia, Thailand, Malaysia, Philippines and Rest of Asia-Pacificin Asia- Pacific, Brazil, Argentina and Rest of South America in South America,UAE, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africainn Middle East and Africa.
Asia-Pacific dominates the pipeinsulation market as the China is the leader in pipe insulation manufacturingand major leaders are generating revenue from China and India due to highproduction and consumption towards the insulated products. The Asia-Pacificregion is expected to grow with the highest growth rate in the forecast periodof 2020 to 2027 because of increasing business expansions and increasingconstruction in developing countries. China is leading the growth ofAsia-Pacific market due to adoption of pipe insulation as well as major sale ofchemicals and petroleum products. U.S. is dominating the North America as inthe U.S. the manufacturing of oil and petroleum products is very high whileGermany is dominating Europe market owing to replacement of old pipes inchemical factories with rigid foam in the country. Most of the chemicalmanufacturing plants are older than 50 years which requires pipe replacement inevery 10 to 20 years depending on usage; impacting the growth of pipeinsulation market in Germany.
The country section of the report alsoprovides individual market impacting factors and changes in regulation in themarket domestically that impacts the current and future trends of the market.Data points such as new sales, replacement sales, country demographics,regulatory acts and import-export tariffs are some of the major pointers usedto forecast the market scenario for individual countries. Also, presence andavailability of global brands and their challenges faced due to large or scarcecompetition from local and domestic brands, impact of sales channels areconsidered while providing forecast analysis of the country data.
Market Analysis and Insights: Global Pipe Insulation Market
Pipe Insulation Market is expected togain market growth in the forecast period of 2020 to 2027. Data Bridge MarketResearch analyses that the market is growing with the CAGR of 5.3% in theforecast period of 2020 to 2027 and expected to reach Euro 1,659,677.97thousand by 2027. Increasing demand of oil and gas industries in developing aswell as developed countries will help to boost the demand of pipe insulation,which is driving factor for the market growth.
Rise in construction activities globallyalong with strengthening of government regulation to insulate pipelines areaccelerating the consumption of pipe insulation products. Fluctuation intemperature leads to the deposition of moisture on the surface on un-insulatedpipes which impacts the materials flowing. In order to cater the moisture,insulation is used which will expand the market growth in future.
This pipe insulation market reportprovides details of market share, new developments, and product pipelineanalysis, impact of domestic and localised market players, analysesopportunities in terms of emerging revenue pockets, changes in marketregulations, product approvals, strategic decisions, product launches,geographic expansions, and technological innovations in the market. Tounderstand the analysis and the market scenario contact us for an AnalystBrief, our team will help you create a revenue impact solution to achieve yourdesired goal.
Global Pipe Insulation Market By ProductType (Thin Films, Foils, Wraps, Rigid Insulated Products, Stone Wool InsulationCovers, Coating Material and Others), Material Type (Rockwool, Fiberglass,Polyurethane, Polystyrene, Polyolefin, Polypropylene, Polycarbonate, PolyvinylChloride, Urea Formaldehyde, Phenolic Foam, Elastomeric Foam and Others ),Temperature (Hot Insulation and Cold Insulation), Application (Building AndConstruction, Electronics, Chemical Industry, Energy and Power, Oil and Gas,Automotive, Transportation, Food and Beverage and Others, Country (U.S., Canada,Mexico, Germany, Italy, France, Spain, UK, Switzerland, Russia, Turkey,Belgium, Netherlands and Rest of Europe, China, India, Japan, South Korea,Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines and Rest ofAsia-Pacific, Brazil, Argentina and Rest of South America., UAE, Saudi Arabia,Egypt, South Africa, Israel, Rest of Middle East and Africa).
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