Global Pipe Insulation Market

Global Pipe Insulation Market Size, Share, Growth Analysis, By Insulation material(Fiberglass, mineral wool), By End user(Residential, commercial), By Application(HVAC (heating, ventilation) - Industry Forecast 2024-2031

Report ID: SQMIG20B2030 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 94 | Figures: 76

Global Pipe Insulation Market News

  • The first stone wool insulation in the industry with an integrated corrosion inhibitor was introduced by ROCKWOOL Technical Insulation in March 2024 with ProRox® PS 965 with CR-TechTM.• The first stone wool insulation in the industry with an integrated corrosion inhibitor was developed by ROCKWOOL Technical Insulation in March 2024 with ProRox® PS 965 with CR-TechTM.

  • The Knauf Group stated in October 2022 that it will invest around $143 million in Knauf Insulation's Tarnaveni, Romania, factory in order to boost the region's capacity to produce mineral wool. With this investment, the company should be able to greatly double its yearly production output, producing over 75,000 tons of mineral wool annually to satisfy the expanding demand in Central and Eastern Europe. It is projected that this growth will increase the market for pipe insulation.

  • Perma-Pipe International Holdings, Inc. declared in September 2023 that it will be launching its second pipe insulating factory in Canada. Situated on three acres, the 37,000 square foot plant is outfitted with state-of-the-art pipe insulating equipment that can manufacture a wide range of pipe insulating materials for different pipe sizes.

  • In December 2023, ROCKWOOL Group has signed an agreement to acquire Boerner Insulation Sp. in Poland.  The acquisition will accelerate ROCKWOOL’s growth plans in this high-priority region. The Boerner Insulation business consists of a factory located in Wykroty, Poland, near the German-Czech border. This location is well-suited from a logistics and supply-chain perspective to serve multiple European markets.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Pipe Insulation Market size was valued at USD 9.39 Billion in 2022 and is poised to grow from USD 9.94 Billion in 2023 to USD 15.73 Billion by 2031, at a CAGR of 5.9% during the forecast period (2024-2031).

Global Pipe Insulation Market is highly competitive, with several key players striving to gain a significant market share. Some of the prominent players in the market compete based on factors such as product innovation, quality, pricing, and global presence. To maintain a competitive edge, companies focus on developing advanced insulation materials with improved thermal performance and durability. They also invest in research and development activities to enhance the energy efficiency of their products and cater to the evolving demands of industries such as HVAC, oil and gas, and chemicals. Strategic partnerships, collaborations, and acquisitions are common strategies employed by key players to expand their market presence and strengthen their product portfolios. With the growing emphasis on energy conservation and sustainable practices, the competitive landscape of the global pipe insulation market is expected to witness intense competition and innovation in the coming years. 'Rockwool International A/S (Denmark)', 'Saint-Gobain S.A. (France)', 'Owens Corning (US)', 'Knauf Insulation (Germany)', 'Armacell International S.A. (Luxembourg)', 'BASF SE (Germany)', 'Kingspan Group PLC (Ireland)', 'Huntsman Corporation (US)', 'Johns Manville Corporation (US)', 'Cellofoam North America Inc. (US)', 'Paroc Group (Finland)', 'Thermaflex International Holding B.V. (Netherlands)', 'L'ISOLANTE K-FLEX S.p.A. (Italy)', 'Kaimann GmbH (Germany)', 'NMC sa (Belgium)', 'ITW Insulation Systems (US)', 'Zotefoams PLC (UK)', 'Unifrax LLC (US)', 'Pittsburgh Corning Corporation (US)', 'Zhejiang Tianjie Industrial Corp. (China)'

Stringent energy efficiency regulations and policies imposed by governments worldwide are driving the demand for pipe insulation. For example, the European Union's Energy Performance of Buildings Directive requires the use of insulation in new and existing buildings to improve energy efficiency. Compliance with such regulations prompts industries to adopt effective pipe insulation solutions to minimize heat loss or gain, reduce energy consumption, and achieve sustainability goals.

Adoption of Eco-Friendly Materials: The industry is witnessing a shift towards eco-friendly and sustainable insulation materials. For instance, mineral wool insulation, made from recycled materials, offers excellent thermal properties and is becoming increasingly popular due to its environmental benefits. Manufacturers are also exploring innovative materials like aerogel, which provide superior thermal performance and energy savings.

North America dominated the global market. With its well-established construction industry, stringent energy efficiency regulations, and increasing focus on sustainable practices, North America commands a significant market share. The region's robust infrastructure development, particularly in the United States, drives the demand for efficient pipe insulation solutions. For instance, the construction of new residential and commercial buildings, along with the modernization of aging infrastructure, creates a strong market demand for pipe insulation materials and systems. Leading market players such as Owens Corning and Johns Manville have a substantial presence in North America, further solidifying the region's dominance in the global pipe insulation market.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global Pipe Insulation Market

Report ID: UCMIG20B2041 | Region: Global | Published Date: April, 2024 | Pages: 165 | Tables: Figures:

Rotary Hammer Drill Market
Buy Now GET FREE SAMPLE
Global Pipe Insulation Market

Report ID: UCMIR20B2063 | Region: Regional | Published Date: April, 2024 | Pages: 165 | Tables: Figures:

Canada Polyvinyl Chloride (PVC) Decking Market
Buy Now GET FREE SAMPLE
Global Pipe Insulation Market

Report ID: UCMIG20B2037 | Region: Global | Published Date: April, 2024 | Pages: 165 | Tables: Figures:

Stair Lifts And Climbing Devices Market
Buy Now GET FREE SAMPLE
Global Pipe Insulation Market

Report ID: UCMIG20B2056 | Region: Global | Published Date: April, 2024 | Pages: 165 | Tables: Figures:

Window and Door Frame Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Pipe Insulation Market

Product ID: SQMIG20B2030

$5,300
BUY NOW GET FREE SAMPLE