Pipe Insulation Market Information: By Type (Foamed Plastic, Elastomeric Foam, Mineral Wool, Fiber Glass), End-Use Industry (Chemical and Oil & Gas, Power, Automotive, Construction, Food & Beverages, Pharmaceuticals), And Region — Global Forecast Till 2027
ID: MRFR/CnM/5813-HCR | February 2021 | Region: Global | 140 pages
Market Synopsis
The global pipe insulation market was valued at USD 8.54 billion in 2018 and is projected to grow at a CAGR of 3.6% during the forecast period. Pipe insulations are the insulation used especially on pipes to reduce heat loss or heat gain to or from the surrounding atmosphere and also to provide barrier against moisture and chemical. Pipe insulation are required to protect the pipes from corrosion and also to avoid pipe leakages during transportation and shipping. Various types of pipe insulation available in the market are foamed plastic, elastomeric foam, fiber glass, mineral wool, and others. The choice of the insulation type is mostly dependent on the required R-value and its affordability.
Growing oil & gas industry along with the increasing instances of cross border oil & gas transportation are driving the demand for pipe insulations. Stringent regulatory standards in developed economies are also supporting the global pipe insulation market. Increasing awareness about the increased durability of pipelines upon the usage of pipe insulation is further boosting the product market. Furthermore, rapid industrialization in Asia-Pacific is also expected to provide growth impetus to the product market during the forecast period.
The market players in the global pipe insulation market is adopting various strategies to capture larger market share. For instance, on 1 August 2018, Armacell International SA, a global leader in flexible foam and a leading provider of engineered foams acquired Guarto SRL, an Italian manufacturer of acoustic insulation solutions to extend its footprint in Italy. The company is also added two new production lines in Guarto’s manufacturing facility. Also, On 5 October 2018, Saint-Gobain signed an agreement to acquire 100% of the equity capital of Kaimann GmbH, one of Europe’s leading manufacturers of elastomeric insulation products to further enhance its insulating solutions range and increase its presence on the fast-growing segment of technical insulation.
However, volatile raw material prices due to the fluctuation in the crude oil prices are creating hindrance to the growth of the global pipe insulation market.
Global Pipe Insulation Market Share, by Type (2018)
Source: MRFR Analysis
Market Segmentation
The global pipe insulation market has been segmented by type, end-use industry, and region.
Based on type, the global pipe insulation market has been segmented into foamed plastic, elastomeric foam, fiber glass, mineral wool, and others.
On the basis of end-use industry, the global pipe insulation market has been categorized into chemical, oil & gas, power, automotive, building & construction, food & beverages, pharmaceutical, and others.
Regional Analysis
The global pipe insulation market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific was the largest and fastest growing market for pipe insulation in 2018 and is expected to continue dominating during the forecast period. Rapid industrialization in the region due to lucrative investment policies, low production cost and inexpensive labors are largely supporting the growth of pipe insulation market in the region. Additionally, growing end-use industries such as chemical, oil & gas, power, automotive, building & construction, food & beverages, and pharmaceutical are attributing high demand for pipe insulation to increase durability and cost effectiveness of pipelines, and thereby save maintenance cost in long-term.
North America and Europe collectively accounted for the second largest market share of the global pipe insulation market in 2018. The regions are, however, expected to show steady growth during the forecast period due to the mature scenario of various industries. Presence of major market players and stringent regulatory standards are some of the factors attributing to the product market in the region.
The Middle East & Africa is expected to exhibit significant demand for pipe insulation during the forecast period. End-use industries such as oil & gas and food & beverages are providing stable revenue source to the pipe insulation market.
Slow economic development in Latin America affected the growth of the pipe insulation market in 2018. Moreover, the region is expected to show increasing growth during the forecast period due to the rising industrialization in countries such as Brazil, Mexico, and Venezuela.
Key Players
Some of the prominent players in the global pipe insulation market are BASF SE (Germany), Covestro AG (Germany), Huntsman International LLC (US), Rockwool International A/S (Denmark), Saint-Gobain (France), Armacell International SA (Luxembourg), Owens Corning (US), Thermaxx Jackets (US), Cellofoam GmbH & Co. KG (Germany), Great Lakes Textiles (US), Kingspan Group (Republic of Ireland), Knauf Insulation (UAE), Wincell Insulation Co.Ltd (China), Dunmore (US) and Johns Manville (US).
Intended Audience
- Pipe Insulation manufacturers
- Traders and distributors of pipe insulation
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2027: Significant Value |
| CAGR | CAGR of 3.6% (2020-2027)) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, end-use industry, and region. |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | BASF SE (Germany), Covestro AG (Germany), Huntsman International LLC (US), Rockwool International A/S (Denmark), Saint-Gobain (France), Armacell International SA (Luxembourg), Owens Corning (US), Thermaxx Jackets (US), Cellofoam GmbH & Co. KG (Germany), Great Lakes Textiles (US), Kingspan Group (Republic of Ireland), Knauf Insulation (UAE), Wincell Insulation Co.Ltd (China), Dunmore (US) and Johns Manville (US). |
| Key Market Opportunities | Increased durability of pipelines upon the usage of pipe insulation is further boosting the market. |
| Key Market Drivers | Growing oil & gas industry along with the increasing instances of cross border oil & gas transportation. |
Frequently Asked Questions (FAQ) :
The global pipe insulation market would register a 3.6% CAGR during the forecast period of 2018 to 2023.
Fluctuating crude oil prices can deter the pipe insulation market from having a smooth growth.
The pipe insulation market has a reach in industries like power, chemical, oil & gas, building & construction, automotive, pharmaceutical, food & beverages, and others.
The Asia Pacific market would dominate the global pipe insulation market in the foreseeable future.
The type-wise segments of the pipe insulation market are elastomeric foam, fiberglass, mineral wool, foamed plastic, and others.
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics of Global Pipe Insulation Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis of Global Pipe Insulation Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End Use Industry
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Buyers
5.2.3 Bargaining Power of Suppliers
5.2.4 Threat of Substitutes
5.2.5 Intensity of Competitive Rivalry
6. Global Pipe Insulation Market, by Type
6.1 Introduction
6.2 Foamed Plastic
6.2.1 Market Estimates & Forecast, 2020−2027
6.2.2 Market Estimates & Forecast, by Region, 2020−2027
6.3 Elastomeric Foam
6.3.1 Market Estimates & Forecast, 2020−2027
6.3.2 Market Estimates & Forecast, by Region, 2020−2027
6.4 Fiber Glass
6.4.1 Market Estimates & Forecast, 2020−2027
6.4.2 Market Estimates & Forecast, by Region, 2020−2027
6.5 Mineral Wool
6.5.1 Market Estimates & Forecast, 2020−2027
6.5.2 Market Estimates & Forecast, by Region, 2020−2027
6.6 Others
6.6.1 Market Estimates & Forecast, 2020−2027
6.6.2 Market Estimates & Forecast, by Region, 2020−2027
7. Global Pipe Insulation Market, by End-Use Industry
7.1 Introduction
7.2 Chemical
7.2.1 Market Estimates & Forecast, 2020−2027
7.2.2 Market Estimates & Forecast, by Region, 2020−2027
7.3 Oil & Gas
7.3.1 Market Estimates & Forecast, 2020−2027
7.3.2 Market Estimates & Forecast, by Region, 2020−2027
7.4 Power
7.4.1 Market Estimates & Forecast, 2020−2027
7.4.2 Market Estimates & Forecast, by Region, 2020−2027
7.5 Automotive
7.5.1 Market Estimates & Forecast, 2020−2027
7.5.2 Market Estimates & Forecast, by Region, 2020−2027
7.6 Building & Construction
7.6.1 Market Estimates & Forecast, 2020−2027
7.6.2 Market Estimates & Forecast, by Region, 2020−2027
7.7 Food & Beverages
7.7.1 Market Estimates & Forecast, 2020−2027
7.7.2 Market Estimates & Forecast, by Region, 2020−2027
7.8 Pharmaceutical
7.8.1 Market Estimates & Forecast, 2020−2027
7.8.2 Market Estimates & Forecast, by Region, 2020−2027
7.9 Others
7.9.1 Market Estimates & Forecast, 2020−2027
7.9.2 Market Estimates & Forecast, by Region, 2020−2027
8. Global Pipe Insulation Market, by Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, 2020−2027
8.2.2 Market Estimates & Forecast, by Type, 2020−2027
8.2.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.2.4 US
8.2.4.1 Market Estimates & Forecast, 2020−2027
8.2.4.2 Market Estimates & Forecast, by Type, 2020−2027
8.2.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.2.5 Canada
8.2.5.1 Market Estimates & Forecast, 2020−2027
8.2.5.2 Market Estimates & Forecast, by Type, 2020−2027
8.2.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.3 Europe
8.3.1 Market Estimates & Forecast, 2020−2027
8.3.2 Market Estimates & Forecast, by Type, 2020−2027
8.3.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.3.4 Germany
8.3.4.1 Market Estimates & Forecast, 2020−2027
8.3.4.2 Market Estimates & Forecast, by Type, 2020−2027
8.3.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.3.5 France
8.3.5.1 Market Estimates & Forecast, 2020−2027
8.3.5.2 Market Estimates & Forecast, by Type, 2020−2027
8.3.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.3.6 Italy
8.3.6.1 Market Estimates & Forecast, 2020−2027
8.3.6.2 Market Estimates & Forecast, by Type, 2020−2027
8.3.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.3.7 Spain
8.3.7.1 Market Estimates & Forecast, 2020−2027
8.3.7.2 Market Estimates & Forecast, by Type,2020−2027
8.3.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.3.8 UK
8.3.8.1 Market Estimates & Forecast, 2020−2027
8.3.8.2 Market Estimates & Forecast, by Type,2020−2027
8.3.8.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.3.9 Russia
8.3.9.1 Market Estimates & Forecast, 2020−2027
8.3.9.2 Market Estimates & Forecast, by Type,2020−2027
8.3.9.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.3.10 Poland
8.3.10.1 Market Estimates & Forecast, 2020−2027
8.3.10.2 Market Estimates & Forecast, by Type, 2020−2027
8.3.10.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.3.11 Rest of Europe
8.3.11.1 Market Estimates & Forecast, 2020−2027
8.3.11.2 Market Estimates & Forecast, by Type, 2020−2027
8.3.11.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.4 Asia-Pacific
8.4.1 Market Estimates & Forecast, 2020−2027
8.4.2 Market Estimates & Forecast, by Type, 2020−2027
8.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.4.4 China
8.4.4.1 Market Estimates & Forecast, 2020−2027
8.4.4.2 Market Estimates & Forecast, by Type, 2020−2027
8.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.4.5 India
8.4.5.1 Market Estimates & Forecast, 2020−2027
8.4.5.2 Market Estimates & Forecast, by Type, 2020−2027
8.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.4.6 Japan
8.4.6.1 Market Estimates & Forecast, 2020−2027
8.4.6.2 Market Estimates & Forecast, by Type, 2020−2027
8.4.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.4.7 Australia & New Zealand
8.4.7.1 Market Estimates & Forecast, 2020−2027
8.4.7.2 Market Estimates & Forecast, by Type, 2020−2027
8.4.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.4.8 Rest of Asia-Pacific
8.4.8.1 Market Estimates & Forecast, 2020−2027
8.4.8.2 Market Estimates & Forecast, by Type, 2020−2027
8.4.8.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.5 Middle East & Africa
8.5.1 Market Estimates & Forecast, 2020−2027
8.5.2 Market Estimates & Forecast, by Type, 2020−2027
8.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.5.4 GCC
8.5.4.1 Market Estimates & Forecast, 2020−2027
8.5.4.2 Market Estimates & Forecast, by Type, 2020−2027
8.5.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.5.5 Israel
8.5.5.1 Market Estimates & Forecast, 2020−2027
8.5.5.2 Market Estimates & Forecast, by Type, 2020−2027
8.5.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.5.6 North Africa
8.5.6.1 Market Estimates & Forecast, 2020−2027
8.5.6.2 Market Estimates & Forecast, by Type, 2020−2027
8.5.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.5.7 Turkey
8.5.7.1 Market Estimates & Forecast, 2020−2027
8.5.7.2 Market Estimates & Forecast, by Type, 2020−2027
8.5.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.5.8 Rest of Middle East & Africa
8.5.8.1 Market Estimates & Forecast, 2020−2027
8.5.8.2 Market Estimates & Forecast, by Type, 2020−2027
8.5.8.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.6 Latin America
8.6.1 Market Estimates & Forecast, 2020−2027
8.6.2 Market Estimates & Forecast, by Type, 2020−2027
8.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.6.4 Brazil
8.6.4.1 Market Estimates & Forecast, 2020−2027
8.6.4.2 Market Estimates & Forecast, by Type, 2020−2027
8.6.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.6.5 Argentina
8.6.5.1 Market Estimates & Forecast, 2020−2027
8.6.5.2 Market Estimates & Forecast, by Type, 2020−2027
8.6.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.6.6 Mexico
8.6.6.1 Market Estimates & Forecast, 2020−2027
8.6.6.2 Market Estimates & Forecast, by Type, 2020−2027
8.6.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
8.6.7 Rest of Latin America
8.6.7.1 Market Estimates & Forecast, 2020−2027
8.6.7.2 Market Estimates & Forecast, by Type, 2020−2027
8.6.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027
9. Company Landscape
9.1 Introduction
9.2 Market Strategy
9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)
10. Company Profiles
10.1 BASF SE
10.1.1 Company Overview
10.1.2 Financial Updates
10.1.3 Product/Business Segment Overview
10.1.4 Strategy
10.1.5 Key Developments
10.1.6 SWOT Analysis
10.2 Covestro AG
10.2.1 Company Overview
10.2.2 Financial Updates
10.2.3 Product/Business Segment Overview
10.2.4 Strategy
10.2.5 Key Developments
10.2.6 SWOT Analysis
10.3 Huntsman International LLC
10.3.1 Company Overview
10.3.2 Financial Updates
10.3.3 Product/Business Segment Overview
10.3.4 Strategy
10.3.5 Key Developments
10.3.6 SWOT Analysis
10.4 Rockwool International A/S
10.4.1 Company Overview
10.4.2 Financial Updates
10.4.3 Product/Business Segment Overview
10.4.4 Strategy
10.4.5 Key Developments
10.4.6 SWOT Analysis
10.5 Saint-Gobain
10.5.1 Company Overview
10.5.2 Financial Updates
10.5.3 Product/Business Segment Overview
10.5.4 Strategy
10.5.5 Key Developments
10.5.6 SWOT Analysis
10.6 Armacell International SA
10.6.1 Company Overview
10.6.2 Financial Updates
10.6.3 Product/Business Segment Overview
10.6.4 Strategy
10.6.5 Key Developments
10.6.6 SWOT Analysis
10.7 Owens Corning
10.7.1 Company Overview
10.7.2 Financial Updates
10.7.3 Product/Business Segment Overview
10.7.4 Strategy
10.7.5 Key Developments
10.7.6 SWOT Analysis
10.8 Thermaxx Jackets
10.8.1 Company Overview
10.8.2 Financial Updates
10.8.3 Product/Business Segment Overview
10.8.4 Strategy
10.8.5 Key Developments
10.8.6 SWOT Analysis
10.9 Cellofoam GmbH & Co. KG
10.9.1 Company Overview
10.9.2 Financial Updates
10.9.3 Product/Business Segment Overview
10.9.4 Strategy
10.9.5 Key Developments
10.9.6 SWOT Analysis
10.10 Great Lakes Textiles
10.10.1 Company Overview
10.10.2 Financial Updates
10.10.3 Product/Business Segment Overview
10.10.4 Strategy
10.10.5 Key Developments
10.10.6 SWOT Analysis
10.11 Kingspan Group
10.11.1 Company Overview
10.11.2 Financial Updates
10.11.3 Product/Business Segment Overview
10.11.4 Strategy
10.11.5 Key Developments
10.11.6 SWOT Analysis
10.12 Knauf Insulation
10.12.1 Company Overview
10.12.2 Financial Updates
10.12.3 Product/Business Segment Overview
10.12.4 Strategy
10.12.5 Key Developments
10.12.6 SWOT Analysis
10.13 Wincell Insulation Co.Ltd
10.13.1 Company Overview
10.13.2 Financial Updates
10.13.3 Product/Business Segment Overview
10.13.4 Strategy
10.13.5 Key Developments
10.13.6 SWOT Analysis
10.14 Johns Manville
10.14.1 Company Overview
10.14.2 Financial Updates
10.14.3 Product/Business Segment Overview
10.14.4 Strategy
10.14.5 Key Developments
10.14.6 SWOT Analysis
10.15 D
10.15.1 Company Overview
10.15.2 Financial Updates
10.15.3 Product/Business Segment Overview
10.15.4 Strategy
10.15.5 Key Developments
10.15.6 SWOT Analysis
11. Conclusion
LIST OF TABLES
Table 1 Global Pipe Insulation Market: by Region, 2020−2027
Table 2 North America: Pipe Insulation Market, by Country, 2020−2027
Table 3 Europe: Pipe Insulation Market, by Country, 2020−2027
Table 4 Asia-Pacific: Pipe Insulation Market. by Country, 2020−2027
Table 5 Middle East & Africa: Pipe Insulation Market, by Country, 2020−2027
Table 6 Latin America: Pipe Insulation Market, by Country, 2020−2027
Table 7 Global Pipe Insulation Type Market, by Regions, 2020−2027
Table 8 North America: Pipe Insulation Type Market, by Country, 2020−2027
Table 9 Europe: Pipe Insulation Type Market, by Country, 2020−2027
Table10 Asia-Pacific: Pipe Insulation Type Market, by Country, 2020−2027
Table11 Middle East & Africa: Pipe Insulation Type Market, by Country, 2020−2027
Table12 Latin America: Pipe Insulation Type Market, by Country, 2020−2027
Table 13 Global Pipe Insulation End-Use Industry Market, by Regions, 2020−2027
Table14 North America: Pipe Insulation End-Use Industry Market, by Country, 2020−2027
Table15 Europe: Pipe Insulation End-Use Industry Market, by Country, 2020−2027
Table16 Asia-Pacific: Pipe Insulation End-Use Industry Market, by Country, 2020−2027
Table17 Middle East & Africa: Pipe Insulation End-Use Industry Market, by Country, 2020−2027
Table18 Latin America: Pipe Insulation by End-Use Industry Market, by Country, 2020-2027
Table19 Global Type Market, by Region, 2020−2027
Table20 Global End-Use Industry Market, by Region, 2020−2027
Table21 North America: Pipe Insulation Market, by Country, 2020−2027
Table22 North America: Pipe Insulation Market, by Type, 2020−2027
Table23 North America: Pipe Insulation Market, by End-Use Industry, 2020−2027
Table24 Europe: Pipe Insulation Market, by Country, 2020−2027
Table25 Europe: Pipe Insulation Market, by Type, 2020−2027
Table26 Europe: Pipe Insulation Market, by End-Use Industry, 2020−2027
Table27 Asia-Pacific: Pipe Insulation Market, by Country, 2020−2027
Table28 Asia-Pacific: Pipe Insulation Market, by Type, 2020−2027
Table29 Asia-Pacific: Pipe Insulation Market, by End-Use Industry, 2020−2027
Table30 Middle East & Africa: Pipe Insulation Market, by Country, 2020−2027
Table31 Middle East & Africa: Pipe Insulation Market, by Type, 2020−2027
Table32 Middle East & Africa: Pipe Insulation Market, by End-Use Industry, 2020−2027
Table33 Latin America: Pipe Insulation Market, by Country, 2020−2027
Table34 Latin America: Pipe Insulation Market, by Type, 2020−2027
Table35 Latin America: Pipe Insulation Market, by End-Use Industry, 2020−2027
LIST OF FIGURES
FIGURE 1 Global Pipe Insulation Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of Global Pipe Insulation Market
FIGURE 4 Value Chain of Global Pipe Insulation Market
FIGURE 5 Share of Global Pipe Insulation Market in 2020, by Country
FIGURE 6 Global Pipe Insulation Market, 2020−2027,
FIGURE 7 Global Pipe Insulation Market Size, by Type, 2020
FIGURE 8 Share of Global Pipe Insulation Market, by Type, 2020−2027
FIGURE 9 Global Pipe Insulation Market Size, by End-Use Industry, 2020
FIGURE10 Share of Global Pipe Insulation Market, by End-Use Industry, 2020−2027