Building & Construction Sector to Drive the Industrial Pipe Insulation Materials Market

As per a report published on XploreMR, the global industrial pipe insulation materials market is expected to propagate at a steep CAGR between 2020 and 2030.

Insulation is imperative for enhancing efficiency on the part of industrial processes, especially when operation is at extreme temperatures. The other advantages of insulation include reduction in heat loss, enhancement in energy efficiency, and deduction in CO₂ emissions. Plus, it makes way for frost protection (to pipelines) at low temperatures, which calls for adopting pipe insulation across verticals like electric, oil & gas, power, residential, and industrial.

Industrial Pipe Insulation Materials Market Dynamics

The US is expected to hold the largest market share. This could be attributed to the growing demand for replacement and repair of existing industrial pipe insulation systems. Pipe insulation does ascertain thermal stability and also renders protection against hot surfaces. Prevention of corrosion is also ensured. Noise also gets reduced. Moreover, as it acts as passive fire protection, the plant’s safety is guaranteed. These benefits are expected to propel the industrial pipe insulation market from 2020 to 2030.

However, in the wake of Covid-19, the prices of raw materials have gone haywire, more so due to disruption in the supply chain. The scenario since Mar 2020 has left the entire world in a fix. Though the year 2020 is expected to slide away amidst Covid-19, the scene is expected to improve from the year 2021.

The manufacturers follow the practice of procuring raw materials from the suppliers on direct basis/third-party distributors. The long-term agreements entered herein help in bypassing the volatility with respect to prices (though the ongoing pandemic has changed the equations on this count).

Insights: Material-Wise

Polyisocyanurate and polyurethane are predominantly used to make insulating pipelines that do carry cold or hot liquids. The materials mentioned above do cause reduction in heat exchange inside the pipeline as well as surroundings. The major areas of application include district energy systems, chemical plants, and oil & gas pipelines.

Cellular glass material is expected to grow at the quickest pace between 2020 and 2030. Zero vapour permeability, resistance to corrosion and moisture, and excellent strength are expected to drive its demand all across outdoor and underground applications.

Elastomeric foam is used in refrigeration, plumbing, and HVAC systems. Fiberglass pipe insulation finds its entry in hot, cold, exposed, and concealed piping, which, in turn, is used in industrial facilities, commercial buildings, and power plants.

The overall industrial pipe insulation materials market is expected to witness a whale of varieties likewise.

Insights: Application-Wise

The building & construction industry, though on a slowdown due to Covid-19, is expected to pick up pace from 2021 onwards. There is no stoppage to urbanization and population explosion. As such, this sector will have a perennial demand for pipe insulation.

District energy systems find their way regarding connecting the thermal grids, waste heat, thermal storage, renewables, power grids, and heat pumps, so as to attain sustenance in cooling and heating. This system is preferred also because it emits less carbon than the regular boilers.

Insights: Region-wise

Europe led the industrial pipe insulation materials market in 2019 and the scenario is expected to remain the same going forward as well. This could be credited to district energy systems being adopted all across Germany, the UK, and Spain. Plus, recovery construction projects are “on” in the Germany, the UK, and the US. This is another factor driving the market. Asia-Pacific will grow due to urbanization being increasingly adapted to (which would call for increase in construction activities).

Competitive Landscape

The key players in the industrial pipe insulation materials market include Paroc Group, Saint-Gobain, Armacell LLC, Huntsman Corp., Rockwool International A/S, and Knauf Gips KG.

Important Questions Answered

• What is the growth potential of the Industrial Pipe Insulation Materials Market?
• Which company is currently leading the Industrial Pipe Insulation Materials Market? Will the company continue with the winning streak during the forecast period?
• What are the top strategies that players are expected to adopt in the years to come?
• Which regional market is anticipated to secure the highest market share?
• How will the competitive landscape change in future?
• What do players need to do to adapt to future competitive changes?
• What will be the total production and consumption with regards to Industrial Pipe Insulation Materials by 2030?
• Which are the key upcoming technologies? How will they impact the Industrial Pipe Insulation Materials Market?
• Which product segment is expected to show the highest CAGR?
• Which application is forecast to gain the biggest market share?

Highlights of TOC:

Overview: Along with a broad overview of the Industrial Pipe Insulation Materials Market, this section gives an overview of the report to give an idea about the nature and contents of the research study.

Market Dynamics: Here, the authors of the report have comprehensively discussed about key drivers, restraints, challenges, trends, and opportunities of the Industrial Pipe Insulation Materials Market.

Product Segments: This part of the report throws light on the market growth of several types of products sold by leading companies.

Application Segments: The analysts authoring the report have deeply assessed the market potential of key applications and identified future opportunities they are expected to create in the Industrial Pipe Insulation Materials Market.

Geographical Segments: Each regional market is carefully looked into for understanding its current and future growth scenarios.

Company Profiles: Top players of the Industrial Pipe Insulation Materials Market are thoroughly profiled in the report based on their market share, market served, products, applications, regional growth, and other factors.