Dublin, Dec. 17, 2018 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.

The pipe insulation market size is projected to grow from USD 8.7 billion in 2018 to USD 10.3 billion by 2023

Growth in district energy systems and huge production of oil are expected to drive the demand for pipe insulation during the forecast period. However, corrosion under insulation (CUI) acts as a challenge to the growth of the pipe insulation market.

The industrial application segment is expected to lead the pipe insulation market, in terms of value, during the forecast period.

By application, the industrial application segment is expected to lead the pipe insulation market during the forecast period. The necessity to insulate industrial plants such as chemicals, pharmaceuticals, and food processing among others drive the demand for pipe insulation in this application segment. In addition, rapid industrialization in Asia Pacific and South America is estimated to drive the demand for pipe insulation in this application segment.

The rockwool insulation material type segment is expected to lead the pipe insulation market, in terms of value, during the forecast period.

By material type, the rockwool material type segment is expected to lead the pipe insulation market during the forecast period. Rockwool is a naturally renewable and sustainable material, which is fire-resistant and can be used in pipes for a maximum temperature of 620C. In addition, it helps in condensation control and is a noise dampener.

APAC is projected to lead the pipe insulation market, in terms of value, between 2018 and 2023.

The pipe insulation market has been studied for North America, Western Europe, Central & Eastern Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific is expected to lead the pipe insulation market during the forecast period, owing to the increasing demand from emerging economies, such as China and India.

In addition, continued industrialization and rise in the manufacturing sector of the region drive the demand for pipe insulation. Also, shift of manufacturing base from Europe and North America to APAC drives the growth of the manufacturing sector, which, in turn, boost the demand for pipe insulation in the manufacturing sector.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Pipe Insulation Market
4.2 Pipe Insulation Market, By Region, 2018-2023
4.3 Pipe Insulation Market in APAC, By Application and Country
4.4 Pipe Insulation Market, By Major Country
4.5 Pipe Insulation Market, By Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in Oil and Gas Demand
5.2.1.2 Stringent Regulatory Environment
5.2.2 Restraints
5.2.2.1 Volatile Raw Material Prices
5.2.3 Opportunities
5.2.3.1 Growing Opportunities From Emerging Economies
5.2.4 Challenges
5.2.4.1 Corrosion Under Insulation Leading to Health- and Safety-Related Incidents
5.3 Porter's Five Forces Analysis
5.4 Macro Indicator Analysis
5.4.1 GDP of Major Economies in Terms of PPP
5.4.2 Trends and Forecast of Oil Application Segment and Its Impact on the Pipe Insulation Market

6 Pipe Insulation Market, By Application
6.1 Introduction
6.2 Industrial
6.2.1 Need for Energy Conservation in Industrial Facilities Drives the Pipe Insulation Market
6.3 Oil
6.3.1 Huge Oil Production in Middle East to Drive the Demand
6.4 District Energy Systems
6.4.1 Des to Be the Fastest-Growing Application Segment in Overall Pipeline Insulation Market
6.5 Building & Construction
6.5.1 Pipe Insulation Used in Buildings to Save Cost Savings and Provide Thermal Comfort
6.6 Other Applications

7 Pipe Insulation Market, By Material Type
7.1 Introduction
7.2 Rockwool
7.2.1 Rockwool is A Sustainable Insulation Material; It is Expected to Dominate the Pipe Insulation Market
7.3 Polyurethane & Polyisocyanurate Foam
7.3.1 Pur & Pir Foam is Mainly Used in the Cold Insulation Application
7.4 Fiberglass
7.4.1 Fiberglass Insulation is Mainly Used in the Cold Pipe Insulation Application
7.5 Elastomeric Foam
7.5.1 Elastomeric Foam is Mainly Used in the Building & Construction Application
7.6 Others

8 Pipe Insulation Market, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.1.1 China Accounted for the Largest Share in the Pipe Insulation Market in APAC
8.2.2 Japan
8.2.2.1 Stringent Building Codes to Drive the Market
8.2.3 India
8.2.3.1 Industrial Application to Augment the Demand for Pipe Insulation
8.2.4 Malaysia
8.2.4.1 Necessity to Insulate Industrial Pipelines to Drive the Market
8.2.5 Indonesia
8.2.5.1 Rise in Oil Production in the Country to Drive the Market
8.2.6 Australia
8.2.6.1 Huge Industrial Base to Drive the Market
8.2.7 South Korea
8.2.7.1 Shipbuilding and Demand for Des to Drive the Demand
8.2.8 Rest of APAC
8.3 Western Europe
8.3.1 Germany
8.3.1.1 Large Industrial Base of Germany Drives the Market
8.3.2 UK
8.3.2.1 Building & Construction Application to Drive the Market
8.3.3 France
8.3.3.1 Strong Industrial Segment to Drive the Market
8.3.4 Italy
8.3.4.1 Building Energy Codes to Drive the Market
8.3.5 Rest of Western Europe
8.4 Central & Eastern Europe
8.4.1 Russia
8.4.1.1 Huge Demand for Des to Drive the Market
8.4.2 Poland
8.4.2.1 Building & Construction Application to Drive the Market
8.4.3 Rest of Central & Eastern Europe
8.5 North America
8.5.1 US
8.5.1.1 The US is the Largest Market for Pipe Insulation in North America
8.5.2 Canada
8.5.2.1 Oil Application to Drive the Demand for Pipe Insulation
8.5.3 Mexico
8.5.3.1 Mexico is the Third-Largest Pipe Insulation Market in North America
8.6 South America
8.6.1 Brazil
8.6.1.1 Oil Production to Drive the Market
8.6.2 Argentina
8.6.2.1 Industrial Application Segment to Drive the Market
8.6.3 Rest of South America
8.7 Middle East & Africa
8.7.1 Saudi Arabia
8.7.1.1 Saudi Arabia is the Largest Pipe Insulation Market in the Middle East & Africa
8.7.2 UAE
8.7.2.1 Building & Construction to Drive the Market
8.7.3 Iran
8.7.3.1 Des Application to Drive the Market in the Country
8.7.4 Kuwait
8.7.4.1 Oil Production to Drive the Demand for Pipe Insulation
8.7.5 Rest of Middle East & Africa

9 Competitive Landscape
9.1 Overview
9.2 Market Ranking
9.2.1 Rockwool International A/S
9.2.2 Owens Corning
9.2.3 Saint-Gobain
9.3 Competitive Situations and Trends
9.3.1 Expansions
9.3.2 New Product Launches
9.3.3 Acquisitions
9.3.4 Agreements
9.3.5 Investments

10 Company Profiles
10.1 Rockwool
10.2 Armacell
10.3 Kingspan
10.4 Owens Corning
10.5 Saint-Gobain
10.6 Huntsman
10.7 Johns Manville
10.8 Knauf Insulation
10.9 BASF
10.10 Covestro
10.11 Other Market Players
10.11.1 Itw Insulation Systems
10.11.2 L'isolante K-Flex S.P.A
10.11.3 Wincell
10.11.4 NMC SA
10.11.5 Gilsulate International, Inc.
10.11.6 Sekisui Foam Australia

For more information about this report visit https://www.researchandmarkets.com/research/v7cm6m/10_billion_pipe?w=12

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Related Topics: Insulation , Pipes

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