Pipe Insulation Market Worth $10.3 Billion by 2023 - Exclusive Report by MarketsandMarkets™

Pipe Insulation Market Worth $10.3 Billion by 2023 - Exclusive Report by MarketsandMarkets™

PR Newswire

CHICAGO, December 11, 2018

CHICAGO, December 11, 2018 /PRNewswire/ --

According to the new market research report "Pipe Insulation Market by Material Type (Rockwool, Fiberglass, Polyurethane & Polyisocyanurate Foam, Elastomeric Foam), Application( Oil, Industrial, District Energy Systems, Building & Construction), and Region- Global Forecast to 2023", published by MarketsandMarkets™, the Pipe Insulation Market size is projected to reach USD 10.3 billion by 2023, at a CAGR of 3.4% from an estimated USD 8.7 billion in 2018. The growing demand for district energy systems is projected to drive the demand for pipe insulation in all regions. In addition, the necessity to insulate pipelines to save energy is another reason driving the Pipe Insulation Market. The growing production of oil in countries such as the US, Saudi Arabia, Iran, and Russia is also fueling the growth of the Pipe Insulation Market. Rapid industrialization in APAC, especially in China and India, is another factor driving the demand for pipe insulation materials in industrial plants.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Don't miss out on business opportunities in Pipe Insulation Market.

Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=263389325

Browse in-depth TOC on "Pipe Insulation Market"

68 - Tables
49 - Figures
127 - Pages

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/pipe-insulation-market-263389325.html

The rockwool material type segment of the market is projected to register the highest CAGR, in terms of value, during the forecast period. 

Based on material type, the rockwool material type segment is projected to register the highest CAGR, in terms of value, between 2018 and 2023. This is because rockwool is a naturally renewable and sustainable material. It is also a fire-resistant material and hence can be used for both hot and cold pipework. It also has high compression resistance and can fit properly in a pipe section. In addition, it helps in condensation control and is a noise dampener.

The district energy systems application segment of the Pipe Insulation Market is projected to register the highest CAGR, in terms of value, during the forecast period.  

Based on application, the district energy systems application segment is projected to register the highest CAGR, in terms of value, between 2018 and 2023. The growing demand for low-cost energy and the necessity to insulate pipelines of district energy systems so that these pipelines are capable of conveying thermal energy to end users economically and efficiently are fueling the growth of the Pipe Insulation Market in this application segment.

Request for Free Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=263389325

Central & Eastern Europe is projected to register the highest CAGR, in terms of value, in the Pipe Insulation Market during the forecast period. 

The Pipe Insulation Market has been studied for North America, Western Europe, Central & Eastern Europe, Asia Pacific, South America, and the Middle East & Africa. The Central & Eastern Europe region is projected to register the highest CAGR, in terms of value, during the forecast period. The growth of the Pipe Insulation Market in the region is attributed to the increased production of oil and rising demand for district energy systems.

Key players in the Pipe Insulation Market include Rockwool International A/S (Denmark), Owens Corning (US), Saint-Gobain (France), Kingspan Group (Republic of Ireland), Armacell International S.A. (Germany), Huntsman Corporation (US), Johns Manville (US), Knauf Insulation (US), BASF SE (Germany), and Covestro AG (Germany).

Browse Adjacent Markets @ Foam and Insulation Market Research Reports & Consulting

Related Reports: 

Foam Insulation Market by Product Type (Polystyrene, Polyurethane & Polyisocyanurate, Polyolefin, Elastomeric, and Phenolic), End-use Industry (Building & Construction, Transportation, and Consumer Appliances), and Region - Global Forecast to 2021

Flexible Insulation Market by Material (Fiberglass, Elastomer, Aerogel, Cross Linked Polyethylene) and Insulation Type (Thermal, Acoustic, Electrical) - Global Forecast to 2021

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/pipe-insulation-market.asp

Visit Our Website: https://www.marketsandmarkets.com

Voltar noticias em Inglês