Leeds, UK -- (SBWIRE) -- 07/22/2019 -- Global pipe insulation market is foreseen to value over USD 11.2 billion by 2026 end and register CAGR of over 3% during the forecast period 2019 to 2026.
Pipe insulation is a process of lining pipes with a blend of materials which safeguards pipes. Flexible films, other stiff insulation materials and foam wraps are materials used during the process of insulation pipes. Many industries like agriculture, chemical, paper and automotive vastly use pipe insulation. The pipe insulation market is segmented into fibreglass, rockwool, elastomeric foam, polyurethane & polyisocyanurate foam and others.
Pipe insulators like rockwool are sustainable and are eco-friendly. They do not harm the environment. It's high compressive strength and inflammable nature has forecasted high growth in the coming years. Automotive and construction industries have also adopted insulation pipes in high numbers which have acted as drivers of the market. Growing awareness of environmental safety and workers' health safety are fueling the growth of the market.
However, change in the price of raw materials has hindered the growth of the market.
South America and Asia and Pacific are expected to drive the market in the coming time. The fast growth of urbanization and an increase in per capita disposable income has led to developing nations like India and China to dominate the pipe insulation market in the coming years. North America and Europe hold the majority of the share of the market. Rest of the world is also expected to see growth in the market due to increasing manufacturing activities.
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Some of the established players of the industry are Saint-Gobain, Rockwool International, Huntsman Corporation, Owens Corning and Kingspan Group.
Pipe Insulation Market Restraints:
? Change in the price of raw materials
Pipe Insulation Market Segmentation:
By Material Type:
? Elastomeric Foam
? Polyurethane & Polyisocyanurate Foam
By End User
? Building & Construction
? District Energy Systems
? North America
? Latin America
? Rest of World
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? Tier 1 players- established companies in the market with major market share
? Tier 2 players
? Emerging players which are growing rapidly
? New Entrants
FutureWise Key Takeaways
? Growth prospects
? SWOT analysis
? Key trends
? Key data points affecting market growth
Objectives of the Study:
? To provide an exhaustive analysis on global pipe insulation market on the basis of type of material, end-use industry and region
? To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
? To evaluate and forecast micro-markets and overall market
? To predict market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
? To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
? Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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