Market Insights
The report suggests that the overall pipe insulation market was estimated at USD 2.31 billion in 2022 and is likely to grow at a significant CAGR of 3.8% during 2022-2028 to reach USD 2.89 billion in 2028.
What is pipe insulation?
Pipe insulation is a material or combination that adds a protective covering to pipes and reduces the heat loss or heat gain from surfaces operating above or below the surrounding temperature.
Pipe Insulation materials are of different types, such as Rockwool, polyurethane & polyisocyanurate foam, fiberglass, elastomeric foam, and others, used in various applications, such as industrial, oil, district energy systems, building & construction, and others.
Market Drivers
The prime factor that is contributing to the demand for pipe insulation market are-
- The growing production of oil in countries such as the US, Saudi Arabia, Iran, and Russia,
- The presence of stringent regulations to insulate pipelines.
Key Players
The following are some of the key players in the Pipe Insulation Market:
- Rockwool International A/S
- Armacell International Holding GmbH
- Kingspan Group plc
- Owens Corning
- Saint-Gobain S.A.
- Huntsman Corporation
- Johns Manville
- Knauf Insulation
- BASF S.E.
- Covestro AG
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Pipe Insulation Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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