Pipe Insulation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Pipe Insulation Market 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 Snapshot

Pipe Insulation Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 6 %
Pipe Insulation Market Key Players

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Market Overview

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.

Scope of the Report

The Pipe Insulation market report include: 

Type
Fiberglass
Rockwool
Silicates
Polyurethane
Rubber Foams
Others
End-User Industry
Buildings and Construction
Oil and Gas
Transportation
General Industrial
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Turkey
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

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 Insulation Market Key Trends

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

Competitive Landscape

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.  

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    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

  5. 5. MARKET SEGMENTATION

    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. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Turkey

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    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
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Use in the Oil and Gas Industry

**Subject to Availability

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Frequently Asked Questions

The Pipe Insulation Market market is studied from 2016 - 2026.

The Pipe Insulation Market is growing at a CAGR of 6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

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

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