Pune, India, December 1, 2021 (GLOBE NEWSWIRE) – According to MarketStudyReport, global pipe insulation market The size was worth $ 7.9 billion in 2020 and is expected to register an annual growth rate of 5.4%, accumulating $ 11.42 billion by the end of the forecast period.
A top-down assessment of various segments and regional scope has been developed in the study to provide readers with an overview of the scope and size of the market. Continuing further, the report offers exhaustive information about the major industry players operating in the competitive arena., It also highlights the various strategies employed by the mentioned participants to strengthen their position in the global market and gain insight. substantial returns.
The increase in oil production in countries like Russia, Iran, the United States and Saudi Arabia, the growing demand for insulating pipelines and the growing adoption of district heating systems in the United States driven Through high electricity tariffs, improved environmental awareness and technological advancements mainly contribute to the expansion of the market.
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To people unfamiliar, pipe insulation refers to a material or mixture that protects pipes and reduces heat loss or gain from surfaces working above or below room temperature.
In addition, the increasing investments for the expansion of gas liquefaction terminals and the increasing competitive nature in this commercial space due to the presence of a high number of manufacturers, the easy availability of the required raw materials and the processes of production. Simple installations are adding momentum to the advancement of the global pipe insulation market. .
Growing consumer demand for an environmentally friendly and diverse product portfolio has forced market players to focus on technological advancements, which in turn fuel the development of the industry. In 2018, for example, Huntsman Corporation announced that it had to build a polyurethane systems house in Dubai, thereby strengthening the company’s presence in the Middle East market.
On the contrary, fluctuations in the prices of raw materials are likely to hamper the compensation scope of the market place in the years to come.
Exposing the regional landscape
Regionally, North America currently holds a significant market share due to the growing demand for pipe insulation solutions from the oil and gas industry.
Meanwhile, the Asia-Pacific market is expected to accumulate notable gains in the period 2021-2027, driven by increased investment in chemical processing industry.
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Competitive hierarchy – Outlook
The major players operating in the global pipe insulation market are BASF SE, Knauf Insulation Inc., Johns Manville Corporation, Rockwool International A / S, Compagnie de Saint-Gobain SA, Huntsman International LLC, Owens Corning Inc., Kingspan Group plc, Lydall Inc., and Armacell International SA
Global Pipe Insulation Market by Product Type (Revenue, USD Billion, 2018-2027)
- Cellular glass
- Elastomeric foam
- Polyurethane and polyisocyanurate foam
Global Pipe Insulation Market by Scope of Application (Revenue, USD Billion, 2018-2027)
- District energy system
- Building construction
Regional Analysis of Global Pipe Insulation Market (Revenue, USD Billion, 2018-2027)
- The rest of europe
- South Korea
- Rest of Asia-Pacific
Global Pipe Insulation Market Competitive Hierarchy (Revenue, USD Billion, 2018-2027)
- BASF SE
- Isolation Knauf inc.
- Johns Manville Society
- Rockwool International A / S
- Company of Saint-Gobain SA
- Huntsman International LLC
- Owens Corning Inc.
- Kingspan plc group
- Lydall Inc.
- Armacell International SA
Chapter 1. Executive summary
1.1. Market Snapshot
1.2. Global and Segmental Market Estimates and Forecasts, 2019-2027 (USD Billion)
1.2.1. Pipe Insulation Market, by Region, 2019-2027 (USD Billion)
1.2.2. Pipe Insulation Market, by Product, 2019-2027 (USD Billion)
1.2.3. Pipe Insulation Market, by Application, 2019-2027 (USD Billion)
1.3. Key trends
1.4. Estimation methodology
1.5. Research hypothesis
Chapter 2. Definition and Scope of Global Pipe Insulation Market
2.1. Goal of the study
2.2. Definition and scope of the market
2.2.1. Scope of the study
2.2.2. Evolution of the industry
2.3. Years taken into account for the study
2.4. Currency conversion rates
Chapter 3. Global Pipe Insulation Market Dynamics
3.1. Pipe Insulation Market Impact Analysis (2019-2027)
3.1.1. Market factors
22.214.171.124. Growing demand for oil and gas
126.96.36.199. Strict regulatory environment
3.1.2. Market restriction
188.8.131.52. Volatile commodity prices
3.1.3. Market opportunities
184.108.40.206. Growing opportunities of emerging economies
Chapter 4. Global Pipe Insulation Market Analysis
4.1. Model 5 Force de Porter
4.1.1. Bargaining power of suppliers
4.1.2. The bargaining power of buyers
4.1.3. The threat of new participants
4.1.4. The threat of substitutes
4.1.5. Competitive rivalry
4.1.6. Futuristic approach to Porter’s 5 forces model (2018-2027)
4.2. PEST analysis
4.3. Investment adoption model
4.4. Analyst’s recommendation and conclusion
Chapter 5. Global Pipe Insulation Market, By Product
5.1. Market Snapshot
5.2. Global Pipe Insulation Market by Product, Performance – Potential Analysis
5.3. Global Pipe Insulation Market Estimates and Forecasts by Product 2018-2027 (USD Billion)
5.4. Pipe Insulation Market, Sub-Segment Analysis
5.4.1. Cellular glass
5.4.2. Polyurethane and polyisocyanurate foam
5.4.4. Elastomeric foam
Chapter 6. Global Pipe Insulation Market, By Application
6.1. Market Snapshot
6.2. Global Pipe Insulation Market by Application, Performance – Potential Analysis
6.3. Global Pipe Insulation Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
6.4. Pipe Insulation Market, Sub-Segment Analysis
6.4.2. Building construction
6.4.3. District energy system
Chapter 7. Global Pipe Insulation Market, Regional Analysis
Global Acoustic Insulation Market Size Study and Regional Forecast 2021-2027
Global sound insulation market is expected to reach $ 17.8 billion by 2027. The global sound insulation market is valued at around $ 13.6 billion in 2020 and is expected to grow with a healthy growth rate of around 3.9% in the year. during the forecast period 2021-2027. Sound insulation refers to a method of soundproofing used to reduce sound intensity in relation to a specific receiver and source. Sound insulation affects sound in two different ways, noise absorption and noise reduction. It also absorbs, transmits and redirects sound waves or vibrations that are present in the air and cause sound to pass through objects. The global sound insulation market is driven by growing health concerns associated with noise pollution and strict insulation regulations across the globe.
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