Industrial Pipe Insulation Materials Market

Industrial Pipe Insulation Materials Market

Industrial Pipe Insulation Materials Market: High Performance at Low Cost Continues to Enable Polyurethane & Polystyrene Reign Supreme: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

  • XPLREP2400

  • June, 2018

  • 244 Pages

  • Materials

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.

XploreMR utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

XploreMR collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, XploreMR validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Market Segmentation

This comprehensive research report has cohesively segmented the global industrial pipe insulation materials market into segments on the basis of material type, product type, end-use and region. On the basis of material type, the global industrial pipe insulation materials market is segmented by fiberglass, mineral wool, cellular glass, polyurethane, polyester and others. On the basis of product type, the global industrial pipe insulation material market is segmented into prefabricated, rolls & butts, spray. On the basis of end use, industrial pipe insulation materials market is segmented into chemicals, food and beverages, oil & gas, power, metal manufacturing and other industrial. Key regions covered in the report include North America, Latin America, Western Europe, Eastern Europe, India, China, Japan, SEAPAC and Middle East & Africa.

Material Type

By Product Type

By End Use

By Region

  • Fiberglass
  • Mineral Wool
  • Cellular Glass  
  • Polyurethane
  • Polystyrene
  • Others
  • Prefabricated
  • Rolls & Batts Spray  
  • Chemical
  • Food & Beverages
  • Oil & Gas
  • Power
  • Metal Manufacturing  
  • Other Industrial
  • North America
  • Latin America
  • Western Europe  
  • Eastern Europe
  • MEA
  • China
  • Japan
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Industrial Pipe Insulation Materials Market: High Performance at Low Cost Continues to Enable Polyurethane & Polystyrene Reign Supreme: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028
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Industrial Pipe Insulation Materials Market

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