Pipe Insulation Market Size
![Pipe Insulation Market Summary](https://s3.mordorintelligence.com/pipe-insulation-market/1580823513055_pipe-insulation-market_Market_Summary.webp)
Study Period | 2018 - 2028 |
Base Year For Estimation | 2021 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Pipe Insulation Market Analysis
The market for Pipe Insulation is expected to grow at a CAGR of approximately 6% globally during the forecast period. Major factors driving the market studied is the growing demand from oil and gas industry.
- One of the major reasons for the growth of the market is the increasing concerns for energy efficiency.
- Major restraint is the cost of the final product and the labor-intensive work required for applications.
Pipe Insulation Market Trends
This section covers the major market trends shaping the Pipe Insulation Market according to our research experts:
Building and Construction to dominate the Pipe Insulation Market
- Buildings and construction industry employ a large share of pipe insulations, they range from HVACs, plumbing and electrical fittings, the true essence being energy efficiency.
- The residential and commercial air conditioner units being has been increasing - in 2017 the number stood at 110.9 million units in 2017 and went on to reach 111.4 million units in 2018.
- This increase can be directly attributed to increase spending in building and construction, like office buildings, shopping malls, etc. The construction industry spending worldwide is increasing year on year. In 2018, the value stood at USD 11.4 trillion. The volume of office real estate sold worldwide in 2018 stood at USD 340 billion.
- Therefore, growing demand from building and construction industry is projected to be the largest in the pipe insulation market.
![Pipe Unsulation Market, Revenue (%), by End-user Industry, Global, 2019](https://s3.mordorintelligence.com/pipe-insulation-market/1580883409355_pipe-insulation-market_Pipe_Unsulation_Market%2C_Revenue_%28%25%29%2C_by_End-user_Industry%2C_Global%2C_2019.webp?q=0.5697905784384161)
Asia Pacific region to dominate the market
- Asia Pacific region, especially countries like India, China and Japan has been increasingly investing money into commercial spaces like office building and retail buildings like malls and stores.
- Growth rate of the number of shopping centers has been increasing worldwide, but in Asia Pacific it is highest having growth rate of 5%, Europe has a growth rate of 2.7% and United states at 0.4%.
- Majority of the tall buildings in the world are in Asia. In 2018, Asia had 109 tall buildings, North America had 16, and Europe had 1.
- Therefore, Asia Pacific is projected to be the fastest growing and the largest region for the pipe insulation market.
![Pipe Insulation Market- Growth Rate by Region, 2019-2024](https://s3.mordorintelligence.com/pipe-insulation-market/pipe-insulation-market_Pipe_Unsulation_Market_-_Growth_Rate_by_Region%2C_2019-2024.png)
Pipe Insulation Industry Overview
The global pipe insulation market is partially consolidated with the presence of a number of companies eyeing for major share in the market. The major companies are Rockwool International A/S, Owens Corning, Saint-Gobain, Kingspan Group and ARMACELL LLC among others.
Pipe Insulation Market Leaders
Rockwool International A/S
Owens Corning
Saint-Gobain
Kingspan Group
ARMACELL LLC
*Disclaimer: Major Players sorted in no particular order
![Pipe Insulation Market Concentration](https://s3.mordorintelligence.com/pipe-insulation-market/pipe-insulation-market_Pipe_Insulation_Market_Concentration.webp)
Pipe Insulation Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.1.1 Increasing Concerns for Energy Efficiency
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4.2 Market Restraints
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4.2.1 High Cost of Product & Labor-Intensive Work
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Fiberglass
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5.1.2 Rockwool
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5.1.3 Silicates
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5.1.4 Polyurethane
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5.1.5 Rubber Foams
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5.1.6 Others
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5.2 End-User Industry
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5.2.1 Buildings and Construction
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5.2.2 Oil and Gas
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5.2.3 Transportation
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5.2.4 General Industrial
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5.2.5 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Turkey
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5.3.3.6 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 ?Kaimann GmbH
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6.4.2 ARMACELL LLC
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6.4.3 BASF SE
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6.4.4 Covestro AG
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6.4.5 Frost King Weatherization Products / Thermwell Products Co., Inc
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6.4.6 Huamei
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6.4.7 Huntsman International LLC
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6.4.8 Illinois Tool Works Inc.
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6.4.9 ISOCLIMA S.p.A.
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6.4.10 Johns Manville. A Berkshire Hathaway Company
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6.4.11 Kingspan Group
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6.4.12 Knauf Insulation
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6.4.13 L'ISOLANTE K-FLEX S.p.A.
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6.4.14 NMC SA
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6.4.15 Nomaco
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6.4.16 ODE Insulation
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6.4.17 Owens Corning
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6.4.18 Paroc Group
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6.4.19 ROCKWOOL International A/S
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6.4.20 Saint-Gobain
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6.4.21 Wincell Insulation Co.,Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Use in the Oil and Gas Industry
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Pipe Insulation Industry Segmentation
The Pipe Insulation market report include:
Type | |
Fiberglass | |
Rockwool | |
Silicates | |
Polyurethane | |
Rubber Foams | |
Others |
End-User Industry | |
Buildings and Construction | |
Oil and Gas | |
Transportation | |
General Industrial | |
Others |
Geography | ||||||||
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Pipe Insulation Market Research FAQs
What is the current Pipe Insulation Market size?
The Pipe Insulation Market is projected to register a CAGR of 6% during the forecast period (2023-2028).
Who are the key players in Pipe Insulation Market?
Rockwool International A/S, Owens Corning, Saint-Gobain, Kingspan Group and ARMACELL LLC are the major companies operating in the Pipe Insulation Market.
Which is the fastest growing region in Pipe Insulation Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Pipe Insulation Market?
In 2023, the Asia Pacific accounts for the largest market share in the Pipe Insulation Market.
Pipe Insulation Industry Report
Statistics for the 2023 Pipe Insulation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pipe Insulation analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.