Global Pipe Insulation Market to Reach Value of USD 14.86 Billion by 2030 | Skyquest Technology
Global pipe insulation market is segmented based on insulation material, end user, and application. The market is segmented by insulation material into fiberglass, mineral wool, and others. By end user, the market is segmented into residential, commercial, and industrial. By application, the market is segmented into HVAC (heating, ventilation, and air conditioning), oil and gas, chemical, power generation, and food processing- Industry forecast 2023-2030
Westford,USA, Feb. 12, 2024 (GLOBE NEWSWIRE) — According to SkyQuest report, the global pipe insulation market is experiencing robust growth, primarily fueled by the escalating need for energy efficiency, sustainability, and thermal insulation in diverse industries. Stringent regulations and policies geared toward curbing greenhouse gas emissions and curbing energy consumption are compelling industries to embrace efficient insulation solutions.
Browse in-depth TOC on the “Pipe Insulation Market”
- Pages – 157
- Tables – 94
- Figures – 76
The market is poised for growth over the forecast period, primarily driven by increasing consumer awareness regarding the importance of energy conservation in the global pipe insulation market. There is a growing demand for energy-efficient solutions as individuals and businesses become more conscious of their environmental footprint.
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Report Scope & Segmentation:
| Attributes | Details |
| Market Size in 2022 | USD 9.39 Billion |
| 2030 Value Projection | USD 14.86 Billion |
| CAGR | 5.9% |
| Forecast Period | 2023-2030 |
| Segments Covered |
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| Regions Covered |
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Prominent Players in GlobalPipe Insulation Market
- Rockwool International A/S
- Saint-Gobain S.A.
- Owens Corning
- Knauf Insulation
- Armacell International S.A.
- BASF SE
- Kingspan Group PLC
- Huntsman Corporation
- Johns Manville Corporation
- Cellofoam North America Inc.
- Paroc Group
- Thermaflex International Holding B.V.
- L’ISOLANTE K-FLEX S.p.A.
- Kaimann GmbH
- NMC sa
- ITW Insulation Systems
- Zotefoams PLC
- Unifrax LLC
- Pittsburgh Corning Corporation
- Zhejiang Tianjie Industrial Corp.
Fiberglass Insulation Segment has Risen Significantly due to its Exceptional Thermal Insulation Properties
Fiberglass insulation has emerged as the dominant force in the global pipe insulation market, securing its position as the largest segment due to its exceptional thermal insulation properties, versatility, and extensive utilization across various industries. Renowned for its outstanding heat resistance capabilities, fiberglass insulation plays a crucial role in curbing energy loss and enhancing the efficiency of piping systems.
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North America has asserted its dominance in the global pipe insulation market to several key factors. The region’s well-established construction industry, coupled with its stringent energy efficiency regulations and a growing commitment to sustainable practices, positions North America as a formidable player with a substantial market share.
Mineral Wool Segment to Dominate Market due to Excellent Thermal Performance
Mineral wool has emerged as the fastest-growing segment within the global pipe insulation market. Comprised of natural or synthetic fibers derived from minerals, mineral wool insulation stands out for its remarkable attributes, including exceptional fire resistance, superior acoustic insulation properties, and excellent thermal performance.
TheAsia Pacific has emerged as the fastest-growing hub within the global pipe insulation market. This remarkable growth can be attributed to several factors, including rapid industrialization and urbanization in countries such as China and India. These countries with their burgeoning economies and expanding infrastructure, have a substantial demand for energy-efficient solutions.
A comprehensive analysis of major global pipe insulation market players has been conducted recently. The report encompasses various aspects of the market, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
Key Developments in Global Pipe Insulation Market
- Saint-Gobain S.A. recently announced their strategic investment in a new blowing glass wool production line located at its ISOVER plant in France. The primary objective of this investment is to address the surging demand within the French market for thermal insulation solutions that are custom-tailored for roof spaces. The newly established production line is poised to efficiently meet the escalating requirements of customers seeking effective insulation solutions to enhance the thermal efficiency of their roofs.Recently, Saint-Gobain S.A. solidified their presence in the insulation industry by entering into a strategic agreement with Alghanim Group to acquire Rockwool India Pvt Ltd., a wholly-owned subsidiary of Alghanim Group. Rockwool India Pvt Ltd. is a prominent and reputable manufacturer in India specializing in stone wool insulation products.
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Key Questions Answered in the Global Pipe Insulation Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
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