Pipe Insulation Market to Register Incremental Dollar Opportunity During COVID-19 Crisis

 Stratview Research has launched a new report on the Pipe Insulation Market, which is segmented by Product Type, by Application Type, by Material Type, and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

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The Pipe Insulation Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Pipe Insulation is the increasing demand for Pipe Insulation in various industries.

This report on the Pipe Insulation Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Pipe Insulation Market. The report intends to present a thorough analysis of the Pipe Insulation Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.

Pipe Insulation Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.

Few key players operating in the Pipe Insulation Market are-

Rockwool International A/S

Armacell International Holding GmbH

Kingspan Group plc

Owens Corning

Saint-Gobain S.A.

Huntsman Corporation

Johns Manville

Knauf Insulation

BASF S.E.

Covestro AG.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Pipe Insulation Market value and growth drivers over the trend period of 2022-27. According to the report -

Pipe Insulation Market is likely to witness a moderate CAGR of 3.4% during the forecast period. The prime factor that is contributing to the demand for pipe insulation is growing production of oil in countries such as the US, Saudi Arabia, Iran, and Russia, along with the presence of stringent regulations to insulate pipelines.

Based on Material Type:

Based on the material type, the market is segmented as rockwool, polyurethane & polyisocyanurate foam, fiberglass, elastomeric foam, and others. The rockwool material type is expected to rule the market during the forecast period, in terms of value, owing to its non-flammable nature and high compressive strength, which drive its demand in various applications. Adding to its properties is its sustainability, as it does not cause any harm to the environment.

Based on Region:

In terms of regions, Asia-Pacific is estimated to be the largest pipe insulation market during the forecast period, owing to the growing industries in the region’s emerging economies, such as China and India. They are majorly driven by the rising per capita disposable income, rapid urbanization, and growing demand for district energy systems, creating high growth for the market. Adding to the growth drivers is the high growth in various industries such as pharmaceuticals, food processing, and chemicals.

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Customization of the Report

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