The global pipe insulation market size is expected to reach USD 12.1 billion by 2028, according to a new report by the publisher The market is expected to expand at a CAGR of 5.4% from 2021 to 2028. Increasing infrastructure spending in the emerging markets of Asia Pacific and Central and South America is expected to propel market growth.
The price structure of the product varies with respect to production processes and raw materials used. Fluctuating raw material prices result in variations in the prices of thermal insulating materials, thus affecting the suppliers that have integrated themselves across the value chain, thereby enabling them to gain superior control over product pricing.
Growing adoption of cogeneration or Combined Cooling, Heat, and Power (CCHP) technology for electricity generation is expected to drive the product demand. In addition, rising investments in R&D activities to optimize and lower the cost of insulation materials including Polyurethane (PU) and polyisocyanurate are expected to benefit the market.
Key industry participants including Saint-Gobain and Rockwool International A/S, are expanding their geographic presence and customer base through marketing strategies such as mergers and acquisitions. Furthermore, players such as Knauf Insulation and Armacell LLC are integrated across the value chain to gain a competitive advantage.
The price structure of the product varies with respect to production processes and raw materials used. Fluctuating raw material prices result in variations in the prices of thermal insulating materials, thus affecting the suppliers that have integrated themselves across the value chain, thereby enabling them to gain superior control over product pricing.
Growing adoption of cogeneration or Combined Cooling, Heat, and Power (CCHP) technology for electricity generation is expected to drive the product demand. In addition, rising investments in R&D activities to optimize and lower the cost of insulation materials including Polyurethane (PU) and polyisocyanurate are expected to benefit the market.
Key industry participants including Saint-Gobain and Rockwool International A/S, are expanding their geographic presence and customer base through marketing strategies such as mergers and acquisitions. Furthermore, players such as Knauf Insulation and Armacell LLC are integrated across the value chain to gain a competitive advantage.
Pipe Insulation Market Report Highlights
- The polyurethane & polyisocyanurate foam segment accounted for the largest revenue share of 23.0% in 2020 on account of high insulating values with low conductivity and a cellular structure that helps in reducing heat transfer by conduction
- The building & construction application segment is expected to reach USD 4,323.9 million by 2028, owing to the growing number of single-family houses in developing economies and increasing disposable incomes of consumers, thereby driving the demand for residential construction
- The market in North America is expected to witness a substantial CAGR of 5.1% over the forecast period owing to a positive outlook toward the petrochemical and chemical processing industries in the region
- The market in China is expected to be driven by the wide utilization of pipe insulation in thermal power generation to prevent heat loss while circulating hot water and steam within the power plant
- The key market players are engaged in focused cost leadership strategies, where the players compete based on product prices and target narrow markets. In addition, these companies provide additional services/customization to their customers to gain a competitive advantage
Table of Contents
Chapter 1. Methodology and Scope1.1. Research methodology
1.2. Research scope & assumptions
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal database
1.3.3. Secondary Sources
1.3.4. Third Party Perspective
1.3.5. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation and Data Visualization
1.6. List of data sources
1.7. Mapping of Application Industry With NAICS Classification Codes:
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Pipe Insulation Market Variables, Trends, & Scope
3.1. Penetration & Growth Prospect Mapping
3.2. Industry value chain analysis
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.1.1. Rising adoption of district energy systems
3.4.1.2. Stringent environmental regulations
3.4.2. Market Restraint Analysis
3.4.2.1. Volatile raw material prices
3.4.3. Industry Challenges
3.5. Business Environment Analysis: Pipe Insulation Market
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political Landscape
3.5.2.2. Environmental Landscape
3.5.2.3. Social Landscape
3.5.2.4. Technology Landscape
3.5.2.5. Economic Landscape
3.5.2.6. Legal Landscape
Chapter 4. Pipe Insulation Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2020 & 2028
4.2. Market Size & Forecasts and Trend Analysis, 2017 to 2028 for the following:
4.2.1. Cellular Glass
4.2.1.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
4.2.2. Polyurethane & Polyisocyanurate Foam
4.2.2.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
4.2.3. Fiberglass
4.2.3.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
4.2.4. Elastomeric Foam
4.2.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
4.2.5. Others
4.2.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
Chapter 5. Pipe Insulation Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2020 & 2028
5.2. Market Size & Forecasts and Trend Analysis, 2016 to 2027 for the following
5.2.1. Industrial
5.2.1.1. Market estimates and forecasts2017 - 2028 (USD Million)
5.2.2. Building & Construction
5.2.2.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
5.2.3. District Energy System
5.2.3.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
Chapter 6. Pipe Insulation Market: Regional Estimates & Trend Analysis
6.1. Market Size & Forecasts and Trend Analyses, 2017 to 2028 for the following:
6.2. North America
6.2.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.2.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.2.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.2.4.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.2.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.2.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.2.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.2.6. Mexico
6.2.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.2.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.2.6.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.3.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.3.4. Germany
6.3.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3.4.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.3.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.3.5. U.K.
6.3.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.3.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.3.6. France
6.3.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.3.6.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.3.7. Italy
6.3.7.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3.7.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.3.7.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.3.8. Spain
6.3.8.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.3.8.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.3.8.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.4.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.4.4. China
6.4.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.4.4.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.4.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.4.5. India
6.4.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.4.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.4.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.4.6. Japan
6.4.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.4.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.4.6.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.5.4. Brazil
6.5.4.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.5.4.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.5.4.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.5.5. Argentina
6.5.5.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.5.5.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.5.5.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2017 - 2028 (USD Million)
6.6.2. Market estimates and forecasts, by product, 2017 - 2028 (USD Million)
6.6.3. Market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Chapter 7. Pipe Insulation Market - Competitive Analysis
7.1. Key Global Player, Their Initiatives, & Their Impact on the Market
7.2. Participant Categorization
7.3. Vendor Landscape
7.4. Company Market Positioning
7.5. Competitive Environment
7.6. Strategy Framework
Chapter 8. Company Profiles
8.1. Armacell
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic initiatives
8.2. Lydall, Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic initiatives
8.3. Kingspan Group
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic initiatives
8.4. Owens Corning
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic initiatives
8.5. Huntsman International LLC
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic initiatives
8.6. Saint-Gobain Group
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic initiatives
8.7. Rockwool Insulation A/S
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic initiatives
8.8. Johns Manville
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic initiatives
8.9. Knauf Insulation
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic initiatives
8.10. BASF SE
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic initiatives
8.11. Covestro AG
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic initiatives
8.12. Wincell Insulation Co., Ltd.
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic initiatives
8.13. NMC International SA
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.13.4. Strategic initiatives
8.14. Gilsulate International, Inc.
8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.14.4. Strategic initiatives
8.15. Sekisui Foam Australia
8.15.1. Company Overview
8.15.2. Financial Performance
8.15.3. Product Benchmarking
8.15.4. Strategic initiatives
8.16. Omkar Puf Insulation Pvt. Ltd
8.16.1. Company Overview
8.16.2. Financial Performance
8.16.3. Product Benchmarking
8.16.4. Strategic initiatives
List of Tables
1. Pipe insulation market estimates and forecasts, by cellular glass, 2017 - 2028 (USD Million)
2. Pipe insulation market estimates and forecasts, by polyurethane and polyisocyanurate foam, 2017 - 2028 (USD Million)
3. Pipe insulation market estimates and forecasts, by fiberglass, 2017 - 2028 (USD Million)
4. Pipe insulation market estimates and forecasts, by elastomeric foam, 2017 - 2028 (USD Million)
5. Pipe insulation market estimates and forecasts, by other materials, 2017 - 2028 (USD Million)
6. Pipe insulation market estimates and forecasts, in industrial applications, 2017 - 2028 (USD Million)
7. Pipe insulation market estimates and forecasts, in building & construction, 2017 - 2028 (USD Million)
8. Pipe insulation market estimates and forecasts, in district energy system, 2017 - 2028 (USD Million)
9. North America pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
10. North America pipe insulation market estimates and forecasts, by product, 2017 - 2028 (USD million)
11. North America pipe insulation market estimates and forecasts, by application, 2017 - 2028 (USD million)
12. U.S. pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
13. U.S. pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
14. U.S. pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
15. Canada pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
16. Canada pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
17. Canada pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
18. Mexico pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
19. Mexico pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
20. Mexico pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
21. Europe pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
22. Europe pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
23. Europe pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
24. Germany pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
25. Germany pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
26. Germany pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
27. U.K. pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
28. U.K. pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
29. U.K. pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
30. France pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
31. France pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
32. France pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
33. Italy pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
34. Italy pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
35. Italy pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
36. Spain pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
37. Spain pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
38. Spain pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
39. Asia Pacific pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
40. Asia Pacific pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
41. Asia Pacific pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
42. China pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
43. China pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
44. China pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
45. India pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
46. India pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
47. India pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
48. Japan pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
49. Japan pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
50. Japan pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
51. Central & South America pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
52. Central & South America pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
53. Central & South America pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
54. Brazil pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
55. Brazil pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
56. Brazil pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
57. Argentina pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
58. Argentina pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
59. Argentina pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)
60. Middle East & Africa pipe insulation market estimates and forecasts, 2017 - 2028 (USD million)
61. Middle East & Africa pipe insulation market estimates and forecasts, by product 2017 - 2028 (USD million)
62. Middle East & Africa pipe insulation market estimates and forecasts, by application 2017 - 2028 (USD million)List of Figures
1. Information Procurement
2. Primary Research Pattern
3. Primary Research Process
4. Market research approaches - Bottom Up Approach
5. Market research approaches - Top Down Approach
6. Market research approaches - Combined Approach
7. Pipe insulation market - Penetration & Growth Prospect Mapping
8. Pipe insulation market - Value chain analysis
9. Pipe insulation market: Market dynamics
10. Pipe insulation market driver impact analysis
11. Pipe insulation market restraint impact
12. Pipe insulation market: Product movement analysis, 2019 & 2027
13. Pipe insulation market: Application movement analysis, 2019 & 2027
14. Pipe insulation market: Regional movement analysis, 2019 & 2027
Companies Mentioned
- Armacell
- Lydall, Inc.
- Kingspan Group
- Owens Corning
- Huntsman International LLC
- Saint-Gobain Group
- Rockwool Insulation A/S
- Johns Manville
- Knauf Insulation
- BASF SE
- Covestro AG
- Wincell Insulation Co., Ltd.
- NMC International SA
- Gilsulate International, Inc.
- Sekisui Foam Australia
- Omkar Puf Insulation Pvt. Ltd
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | September 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 7.9 Billion |
| Forecasted Market Value ( USD | $ 12.1 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
