Dublin, Aug. 30, 2023 (GLOBE NEWSWIRE) -- The "Global Pipe Insulation Market by Material (Calcium Silicate, Cellular Glass, Ceramic Fibre), Piping Insulation Types (Cellular, Fibrous, Granular), Function, Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Pipe Insulation Market size was estimated at USD 2.51 billion in 2022, USD 2.60 billion in 2023, growing at a CAGR of 3.75% to reach USD 3.37 billion by 2030.
In this report, 2018 to 2021 are considered as historical years, 2022 is the base year, 2023 is the estimated year, and years from 2024 to 2030 are considered as the forecast period.
The report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share.
The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
Market Dynamics
Drivers
- Significant investments in the construction and building sector worldwide
- Growth in the oil and gas and other chemical processing industries
- Strict government standards for pipeline infrastructure of flammable liquids
Restraints
- Fluctuating costs of raw materials
Opportunities
- Product innovation and launches associated with pipe insulation products
- Ongoing expansion of manufacturing facilities with high investments for pipeline infrastructures
Challenges
- Physical and chemical limitations associated with pipe insulation materials
Market Segmentation & Coverage:
- Based on Material, the market is studied across Calcium Silicate, Cellular Glass, Ceramic Fibre, Expanded Silica, Mineral Glass Fibre, Polyurethane Foam, and Wool. The Wool is further studied across Glass Wool, Mineral Wool, and Rock Wool. The Ceramic Fibre is projected to witness significant market share during forecast period.
- Based on Piping Insulation Types, the market is studied across Cellular, Fibrous, and Granular. The Fibrous is projected to witness significant market share during forecast period.
- Based on Function, the market is studied across Cold Insulation, Heat Conservation, and Pipeline Protection. The Cold Insulation is projected to witness significant market share during forecast period.
- Based on Application, the market is studied across Commerical, Industrial, and Residential. The Industrial is projected to witness significant market share during forecast period.
- Europe, Middle East & Africa is projected to witness significant market share during the forecast period.
Companies Mentioned
- Aeroflex USA, Inc.
- Armacell International S.A.
- BASF SE
- Cole-Parmer Instrument Company, LLC
- Compagnie de Saint-Gobain S.A.
- Covestro AG
- Galaxy Insulation Ltd.
- GLT Products
- Huntsman International LLC
- Isoflex Ltd.
- Johns Manville
- Kingspan Group
- Knauf Insulation
- Manson Insulation
- Owens Corning
- Paramount Intercontinental
- Polycell Korea Corporation
- ROCKWOOL A/S
- Thermaflex International
- Thermotec
- Zhejiang Shanghe Plastic Rubber Material Co.,
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 197 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $2.6 Billion |
| Forecasted Market Value (USD) by 2030 | $3.37 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/sdfqa7
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