Pipe Insulation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Pipe Insulation Companies and it is segmented Type (Fiberglass, Rockwool, Silicates, Polyurethane, Rubber Foams, Others), End-User Industry (Buildings and Construction, Oil and Gas, Transportation, General Industry, Others), and Geography (Asia-Pacific, North America, South America, Europe, and Middle-East and Africa).

Pipe Insulation Market Size

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Pipe Insulation Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Pipe Insulation Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Pipe Insulation Market Analysis

The market for Pipe Insulation is expected to grow at a CAGR of approximately 6% globally during the forecast period. Major factors driving the market studied is the growing demand from oil and gas industry.  

  • One of the major reasons for the growth of the market is the increasing concerns for energy efficiency.
  • Major restraint is the cost of the final product and the labor-intensive work required for applications.

Pipe Insulation Market Trends

This section covers the major market trends shaping the Pipe Insulation Market according to our research experts:

Building and Construction to dominate the Pipe Insulation Market

  • Buildings and construction industry employ a large share of pipe insulations, they range from HVACs, plumbing and electrical fittings, the true essence being energy efficiency.
  • The residential and commercial air conditioner units being has been increasing - in 2017 the number stood at 110.9 million units in 2017 and went on to reach 111.4 million units in 2018.
  • This increase can be directly attributed to increase spending in building and construction, like office buildings, shopping malls, etc. The construction industry spending worldwide is increasing year on year. In 2018, the value stood at USD 11.4 trillion. The volume of office real estate sold worldwide in 2018 stood at USD 340 billion.
  • Therefore, growing demand from building and construction industry is projected to be the largest in the pipe insulation market.
Pipe Unsulation Market, Revenue (%), by End-user Industry, Global, 2019

Asia Pacific region to dominate the market

  • Asia Pacific region, especially countries like India, China and Japan has been increasingly investing money into commercial spaces like office building and retail buildings like malls and stores.
  • Growth rate of the number of shopping centers has been increasing worldwide, but in Asia Pacific it is highest having growth rate of 5%, Europe has a growth rate of 2.7% and United states at 0.4%.
  • Majority of the tall buildings in the world are in Asia. In 2018, Asia had 109 tall buildings, North America had 16, and Europe had 1.
  • Therefore, Asia Pacific is projected to be the fastest growing and the largest region for the pipe insulation market.
Pipe Insulation Market- Growth Rate by Region, 2019-2024

Pipe Insulation Industry Overview

The global pipe insulation market is partially consolidated with the presence of a number of companies eyeing for major share in the market. The major companies are Rockwool International A/S, Owens Corning, Saint-Gobain, Kingspan Group and ARMACELL LLC among others.  

Pipe Insulation Market Leaders

  1. Rockwool International A/S

  2. Owens Corning

  3. Saint-Gobain

  4. Kingspan Group


*Disclaimer: Major Players sorted in no particular order

Pipe Insulation Market Concentration
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Pipe Insulation Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

      1. 4.1.1 Increasing Concerns for Energy Efficiency

    2. 4.2 Market Restraints

      1. 4.2.1 High Cost of Product & Labor-Intensive Work

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition


    1. 5.1 Type

      1. 5.1.1 Fiberglass

      2. 5.1.2 Rockwool

      3. 5.1.3 Silicates

      4. 5.1.4 Polyurethane

      5. 5.1.5 Rubber Foams

      6. 5.1.6 Others

    2. 5.2 End-User Industry

      1. 5.2.1 Buildings and Construction

      2. 5.2.2 Oil and Gas

      3. 5.2.3 Transportation

      4. 5.2.4 General Industrial

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Turkey

        6. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ?Kaimann GmbH

      2. 6.4.2 ARMACELL LLC

      3. 6.4.3 BASF SE

      4. 6.4.4 Covestro AG

      5. 6.4.5 Frost King Weatherization Products / Thermwell Products Co., Inc

      6. 6.4.6 Huamei

      7. 6.4.7 Huntsman International LLC

      8. 6.4.8 Illinois Tool Works Inc.

      9. 6.4.9 ISOCLIMA S.p.A.

      10. 6.4.10 Johns Manville. A Berkshire Hathaway Company

      11. 6.4.11 Kingspan Group

      12. 6.4.12 Knauf Insulation

      13. 6.4.13 L'ISOLANTE K-FLEX S.p.A.

      14. 6.4.14 NMC SA

      15. 6.4.15 Nomaco

      16. 6.4.16 ODE Insulation

      17. 6.4.17 Owens Corning

      18. 6.4.18 Paroc Group

      19. 6.4.19 ROCKWOOL International A/S

      20. 6.4.20 Saint-Gobain

      21. 6.4.21 Wincell Insulation Co.,Ltd.

    5. *List Not Exhaustive

    1. 7.1 Growing Use in the Oil and Gas Industry

**Subject to Availability
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Pipe Insulation Industry Segmentation

The Pipe Insulation market report include: 

Rubber Foams
End-User Industry
Buildings and Construction
Oil and Gas
General Industrial
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Pipe Insulation Market Research FAQs

The Pipe Insulation Market is projected to register a CAGR of 6% during the forecast period (2024-2029)

Rockwool International A/S, Owens Corning, Saint-Gobain, Kingspan Group and ARMACELL LLC are the major companies operating in the Pipe Insulation Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Pipe Insulation Market.

The report covers the Pipe Insulation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pipe Insulation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Pipe Insulation Industry Report

Statistics for the 2024 Pipe Insulation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pipe Insulation analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Pipe Insulation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)