Global Pipe Insulation Market Size, Share, Growth, Industry Trends, Competitive Analysis and Forecast to 2030

Report ID: RC71884 | Report Format: PDF + Excel | Starting Price: 3600/- USD Last Updated: June 21st, 2023

The global pipe insulation market size is anticipated to grow at a significant CAGR of over 5% during the forecast period 2021 to 2027. The growing concern about energy efficiency is a major factor to drive market growth. The increasing demand for pipe insulation from various industries such as oil & gas, energy, and chemicals is anticipated to boost the market growth over the forecast period. Furthermore, the increasing adoption of pipe insulation in the automotive and construction industry is further expected to propel market growth. Moreover, the increasing investment in the oil and gas industry for expansion is anticipated to boost the market.

Market Drivers:

Energy efficiency regulations and sustainability initiatives: Governments and regulatory bodies are implementing stringent energy efficiency regulations and sustainability initiatives to reduce energy consumption and greenhouse gas emissions. Pipe insulation plays a critical role in minimizing heat loss or gain in pipes, thereby improving energy efficiency and reducing energy costs. The need to comply with energy efficiency regulations and sustainability goals drives the demand for pipe insulation.

Growing emphasis on thermal insulation: Thermal insulation is crucial in various industries to maintain temperature control, prevent heat transfer, and reduce energy wastage. Pipe insulation helps in maintaining the desired temperature of fluid or gases being transported in pipes, preventing energy losses and enhancing operational efficiency. The increasing emphasis on thermal insulation drives the demand for pipe insulation.

Expansion of construction and infrastructure projects: The construction industry, including residential, commercial, and industrial sectors, drives the demand for pipe insulation. Construction projects involve the installation of HVAC systems, plumbing systems, and industrial piping networks, all of which require proper insulation to meet energy efficiency standards and ensure optimal performance. The expansion of construction and infrastructure projects contributes to the growth of the pipe insulation market.

Growth of the oil and gas industry: The oil and gas industry extensively utilizes pipelines for the transportation of crude oil, natural gas, and refined products. Insulating these pipelines is essential to maintain the temperature and integrity of the transported fluids. Pipe insulation helps prevent heat loss or gain, ensuring the efficient flow and protection of oil and gas products. The growth of the oil and gas industry drives the demand for pipe insulation.

Increasing focus on industrial process optimization: Industries such as chemical, petrochemical, food and beverage, and pharmaceuticals emphasize optimizing their industrial processes for improved productivity and energy efficiency. Pipe insulation is a crucial component in optimizing industrial processes by controlling temperature, reducing heat loss, and preventing condensation. The growing focus on industrial process optimization fuels the demand for pipe insulation.

Rising awareness of environmental sustainability: With the increasing awareness of environmental sustainability, industries are adopting measures to reduce their carbon footprint and minimize energy consumption. Pipe insulation significantly contributes to energy conservation and reduced greenhouse gas emissions by minimizing heat transfer and improving thermal efficiency. The growing focus on environmental sustainability drives the adoption of pipe insulation.

Technological advancements in insulation materials: Continuous advancements in insulation materials, such as foam-based insulation, mineral wool, fiberglass, and aerogel, have improved the performance and efficiency of pipe insulation. These advanced materials offer superior thermal insulation properties, better fire resistance, moisture resistance, and easier installation. Technological advancements in insulation materials drive the growth of the pipe insulation market.

Retrofit and renovation activities: Retrofit and renovation activities in residential, commercial, and industrial sectors involve upgrading existing infrastructure to improve energy efficiency and reduce operating costs. Insulating pipes during retrofit or renovation projects helps in achieving energy savings, enhancing building performance, and complying with energy efficiency regulations. The increasing retrofit and renovation activities contribute to the demand for pipe insulation.

Market Outlook:

Benchmark Year 2022
Market Size lock
Market Growth (CAGR) > 5% (2023 to 2030)
Largest Market Share Europe
Analysis Period 2020-2030
Market Players Rockwool Insulation A/S, Owens Corning, Saint-Gobain Group, Armacell, and Kingspan Group

Market Insights:

The global pipe insulation market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into polyurethane foam, cellular glass, fiberglass, elastomeric foam, and others. The polyurethane foam segment dominated the global market in 2020 and estimated to hold a major market of around one-fourth percent of the market in terms of revenue. The increasing use of polyurethane foam in insulation applications due to its better resistance against water, air, and gas is a major factor to drive the segment growth.

On the basis of application, the market is segmented into industrial, building & construction, and district energy systems. The industrial segment dominated the global pipe insulation market in 2020 and accounted to hold the largest market share of over one-third percent of the market. The growing demand for piping systems in various end-use applications such as energy & power, oil & gas, chemicals, and water treatment is a major factor augmenting the segment growth. in contrast, the building and construction segment is expected to grow at a significant growth rate due to the rapid urbanization and the growing population globally.

Pipe Insulation Market Size

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The pipe insulation comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The pipe insulation market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Market Segmentation:

By Type:

  • Polyurethane and Polyisocyanurate Foam
  • Cellular Glass
  • Fiberglass
  • Elastomeric Foam
  • Others

By Application:

  • Industrial
  • Building & Construction
  • District Energy System

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, Europe dominated the global pipe insulation market in 2020 and accounted to hold the largest market share of over one-third percent of the market. The rapid growth in infrastructural and constructional activities and increasing installation of district energy systems are some major factors driving the market growth in the region. On the other hand, the Asia Pacific is accounted to grow at the fastest growth rate over the forecast period. The regional growth is attributed to the increasing investment in the chemical industry and the increasing demand for oil and gas in the region.

Competition Assessment:

Some of the prominent market players operating in the global pipe insulation market are Rockwool Insulation A/S, Owens Corning, Saint-Gobain Group, Armacell, and Kingspan Group. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Rockwool Insulation A/S
  • Owens Corning
  • Saint-Gobain Group
  • Armacell
  • Kingspan Group
  • Lydall, Inc.
  • Huntsman International LLC
  • Johns Manville
  • Knauf Insulation
  • Covestro AG

Key Questions Answered by Pipe Insulation Market Report

  • Global pipe insulation market forecasts from 2021-2027
  • Regional pipe insulation market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Pipe insulation submarket forecasts from 2021-2027 covering the market by type, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the pipe insulation market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level pipe insulation markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the pipe insulation market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Pipe Insulation Market Portraiture
2.2. Global Pipe Insulation Market, by Type, 2020 (USD Mn)
2.3. Global Pipe Insulation Market, by Application, 2020 (USD Mn)
2.4. Global Pipe Insulation Market, by Geography, 2020 (USD Mn)

 

3. Global Pipe Insulation Market Analysis


3.1. Pipe Insulation Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

 

4. Global Pipe Insulation Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Polyurethane and Polyisocyanurate Foam
4.3. Cellular Glass
4.4. Fiberglass
4.5. Elastomeric Foam
4.6. Others

 

5. Global Pipe Insulation Market By Application, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Industrial
5.3. Building & Construction
5.4. District Energy System

 

6. North America Pipe Insulation Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Pipe Insulation Market by Type (2018-2027 USD Mn)
6.1.3. North America Pipe Insulation Market by Application (2018-2027 USD Mn)
6.1.4. North America Pipe Insulation Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Pipe Insulation Market by Type (2018-2027 USD Mn)
6.1.4.1.2. U.S. Pipe Insulation Market by Application (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Pipe Insulation Market by Type (2018-2027 USD Mn)
6.1.4.2.2. Canada Pipe Insulation Market by Application (2018-2027 USD Mn)

 

7. Europe Pipe Insulation Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Pipe Insulation Market by Type (2018-2027 USD Mn)
7.1.3. Europe Pipe Insulation Market by Application (2018-2027 USD Mn)
7.1.4. Europe Pipe Insulation Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Pipe Insulation Market by Type (2018-2027 USD Mn)
7.1.4.1.2. Germany Pipe Insulation Market by Application (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Pipe Insulation Market by Type (2018-2027 USD Mn)
7.1.4.2.2. U.K. Pipe Insulation Market by Application (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Pipe Insulation Market by Type (2018-2027 USD Mn)
7.1.4.3.2. France Pipe Insulation Market by Application (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Pipe Insulation Market by Type (2018-2027 USD Mn)
7.1.4.4.2. Italy Pipe Insulation Market by Application (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Pipe Insulation Market by Type (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Pipe Insulation Market by Application (2018-2027 USD Mn)

 

8. Asia Pacific Pipe Insulation Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Pipe Insulation Market by Type (2018-2027 USD Mn)
8.1.3. Asia Pacific Pipe Insulation Market by Application (2018-2027 USD Mn)
8.1.4. Asia Pacific Pipe Insulation Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Pipe Insulation Market by Type (2018-2027 USD Mn)
8.1.4.1.2. China Pipe Insulation Market by Application (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Pipe Insulation Market by Type (2018-2027 USD Mn)
8.1.4.2.2. Japan Pipe Insulation Market by Application (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Pipe Insulation Market by Type (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Pipe Insulation Market by Application (2018-2027 USD Mn)

 

9. Latin America (LATAM) Pipe Insulation Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Pipe Insulation Market by Type (2018-2027 USD Mn)
9.1.3. Latin America Pipe Insulation Market by Application (2018-2027 USD Mn)
9.1.4. Latin America Pipe Insulation Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Pipe Insulation Market by Type (2018-2027 USD Mn)
9.1.4.1.2. Brazil Pipe Insulation Market by Application (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Pipe Insulation Market by Type (2018-2027 USD Mn)
9.1.4.2.2. Mexico Pipe Insulation Market by Application (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Pipe Insulation Market by Type (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Pipe Insulation Market by Application (2018-2027 USD Mn)

 

10. Middle East and Africa Pipe Insulation Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Pipe Insulation Market by Type (2018-2027 USD Mn)
10.1.3. MEA Pipe Insulation Market by Application (2018-2027 USD Mn)
10.1.4. Middle East and Africa Pipe Insulation Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Pipe Insulation Market by Type (2018-2027 USD Mn)
10.1.4.1.2. GCC Pipe Insulation Market by Application (2018-2027 USD Mn)
10.1.4.2. South Africa
10.1.4.2.1. South Africa Pipe Insulation Market by Type (2018-2027 USD Mn)
10.1.4.2.2. South Africa Pipe Insulation Market by Application (2018-2027 USD Mn)
10.1.4.3. Rest of MEA
10.1.4.3.1. Rest of MEA Pipe Insulation Market by Type (2018-2027 USD Mn)
10.1.4.3.2. Rest of MEA Pipe Insulation Market by Application (2018-2027 USD Mn)

 

11. Company Profiles


11.1. Rockwool Insulation A/S
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Owens Corning
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Saint-Gobain Group
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Armacell
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Kingspan Group
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Lydall, Inc.
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Huntsman International LLC
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Johns Manville
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Knauf Insulation
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Covestro AG
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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