Overview
The Pipe Insulation Market size is
forecast to reach $9 billion by 2025, growing at a CAGR of 3.22% during 2020-2025.
Pipe insulation adds a protective covering to pipes and is used to limit heat
gain or loss from surfaces operating at temperatures above or below the
surrounding temperature. Increased global energy demand calls for substantial
investment in environmental friendly supply infrastructures. Polyurethane is
the insulant of choice for pipes and tanks in a wide range of industries.
Polyethylene foam pipe insulation is a flexible closed cell polyethylene pipe insulation, commonly used for thermal insulation and frost protection. It is flexible, easy to install and resistant to oils, grease and ozone. Flexible elastomeric foams insulation is a closed-cell foam based on nitrile or ethylene ... foams are widely used on refrigeration and air-conditioning pipework. Thermal insulation of pipelines is an inevitable phase in the engineering and design of pipelines. In addition, the thermal insulation pipeline in refineries, underwater pipelines, and cross-country pipelines are some of the key installations for managing energy losses and extended pipeline life.
Report Coverage
The report: “Pipe Insulation Market – Forecast (2020-2025)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Pipe Insulation Industry.
Key Takeaways
- Asia-Pacific dominates the Pipe Insulation market owing to increasing demand from applications such as the building & construction and Power generation industries.
- The Building & Construction industry held the major share in the Application segment.
- The polyurethane foam segment held the highest share in the market by material.
By Material - Segment Analysis
Polyurethane foams accounted for
the highest demand by material. There is high demand for the material in
municipal heating and offshore oil and gas pipelines. Polyurethane foams are
largely used for large diameter pipes. Also, the growing HVAC industry is
expected to fuel the demand for polyurethane pipe insulation. The 2018 world AC
demand reached 110.97 million units. When dividing the 2018 AC demand into the
main markets of Japan, China, Asian countries other than Japan and China,
Europe, North America, and other countries, the largest market is China, whose
demand reached 44.63 million units with a 3% decrease. Chinese demand occupies
40.2%of the total world demand. The second largest market is Asia, excluding
Japan and China, whose demand reached 17.82 million units. The third largest
market is North America, whose demand reached 15.59 million units.
By End-Use Industry - Segment Analysis
The building
& construction segment generated the most revenue in the market by
application and is expected to grow with a CAGR of 4.11% over the forecast period from 2020 to 2025. The volume of construction output will grow by 85% to $15.5
trillion worldwide by 2030, with three countries, China, US and India, leading
the way and accounting for 57% of all global growth. The 2018 world RAC demand
is estimated to reach 96.07 million, which is the same as the previous year.
The largest market is China, whose demand reached 42.15 million units with a 3%
decrease. The second largest market is Asia, excluding Japan and China, whose
demand reached 16.12 million units. The third largest market is Japan, whose
demand reached 9.65 million units. North America reached 8.24 million units,
followed by Latin America with 6.23 million units, and Europe with 6.17
million. This will drive the demand for pipe insulation in the market.
Geography - Segment Analysis
APAC dominated the Pipe
Insulation market with a share of 45%, followed by North America and Europe. The economy of
APAC is mainly influenced by the economic dynamics of countries such as China
and India, but with growing foreign direct investment for economic development
of South East Asia, the current scenario is changing. The commercial construction
sector is directly related to the construction spending by the governments of
individual countries.
Most of the construction projects in this sector are
sanctioned by the global governments up to a certain extent due to the high
risks and costs involved. Governments around the world pay for commercial
construction projects by using the money generated by income taxes. Therefore,
the GDP per capita plays an important role in the commercial construction
business, though it is not directly related to the process itself.
Countries like Singapore, Qatar, UAE, Canada, and
Malaysia have scored high ranks in the annual Global Infrastructure Investment
Index for 2018. This essentially means that these countries are the most
attractive from an investment point of view for construction practices. Major
factors contributing in the growth of the market are rapid urbanization,
resurgence of construction industry, rising infrastructure spending in both
developed and developing nations, rising per capita income of the population in
emerging economies, rising demand for aesthetically appealing products and
technological advancements
Drivers – Pipe Insulation Market
- Growing demand for Green buildings
The Construction
sector is expected to grow strong in economies such as India and Indonesia when
comes to Asia-pacific region and in Europe UK is a stand out growth market for
construction, where as in the Latin American region developing countries as such
Brazil, Mexico and Argentina are expected to witness good construction growth.
The rising demand for green buildings in the construction sector is driving the
consumption of pipe insulation. A current survey shows that global green building
activity continued its ascent, with significant increases expected in 19
countries over the next three years. Almost half of the total respondents say
they expect to build more than 60 percent of their projects as green buildings
by 2021. Building owners, especially, were excited about the growth in green
building, with 57 percent planning to make the majority of their projects green
by 2021.
Challenges – Pipe Insulation Market
- Rising Regulations
There are rising
regulations of the EPA on the production of polyurethane foams. The original
technology-based rule, issued in 1998, controlled emission of methylene
chloride, 2,4-toluene diisocyanate (TDI), methyl chloroform, methylene diphenyl
diisocyanate (MDI), propylene oxide, diethanolamine, methyl ethyl ketone,
methanol and toluene. Methylene chloride comprised over 98 percent of the total
hazardous air pollutant emissions from the industry.
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Pipe Insulation market. In 2018, the top five
players accounted for xx% of the share. Major players in the Pipe
Insulation Market are Rockwool
International A/S, Owens Corning, Saint-Gobain, Kingspan Group, Armacell
International S.A., Huntsman Corporation, Johns Manville, Knauf Insulation,
BASF SE, and Covestro AG, among others.
1.1 Definitions and Scope
2. Pipe Insulation Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Pipe Insulation Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Pipe Insulation Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Pipe Insulation Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Pipe Insulation Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Pipe Insulation Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Pipe Insulation Market - By Product Type(Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
9. Pipe Insulation Market - By Material Type (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Industrial
10.3.2 Oil
10.3.3 District Energy System
10.3.4 Building & Construction
10.3.5 Other Application
11. Pipe Insulation- By Geography (Market Size -$Million / $Billion)
11.1 Pipe Insulation Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Pipe Insulation- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Pipe Insulation- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Pipe Insulation - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Pipe Insulation - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Pipe Insulation Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Pipe Insulation Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Pipe Insulation Market - Key Company List by Country Premium
15. Pipe Insulation Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Armacell
15.3 BASF
15.4 Covestro
15.5 Gilsulate International, Inc.
15.6 Huntsman
15.7 Itw Insulation Systems
15.8 Johns Manville
15.9 Kingspan
15.10 Knauf Insulation
15.11 L'isolante K-Flex S.P.A
15.12 NMC SA
15.13 Other Market Players
15.14 Owens Corning
15.15 Rockwool
15.16 Saint-Gobain
15.17 Sekisui Foam Australia
15.18 Wincell
15.19 Company 18
15.20 Company 19 & More
16.1 Abbreviations
16.2 Sources
17. Pipe Insulation Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends