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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