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Pipe Insulation Market Share, Size, Trends, Industry Analysis Report, By Material (Cellular Glass, Polyurethane & Polyisocyanurate Foam, Fiberglass, Elastomeric Foam, and Others); By Application; By Region; Segment Forecast, 2023- 2032

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  • Huntsman International
  • Saint-Gobain
  • Covestro
  • Wincell Insulation
  • NMC International
  • Gilsulate International
  • Sekisui Foam
  • Omkar Puf Insulation
  • Johns Manville
  • Owens Corning
  • Armacell
  • Lydall
  • Rockwool Insulation
  • Knauf Insulation
  • BASF
  • Kingspan
  • Kaimann
ksm 23.09.15

The global pipe insulation market size is expected to reach USD 12.91 billion by 2032, according to a new study by Polaris Market Research. The report "Pipe Insulation Market Share, Size, Trends, Industry Analysis Report, By Material (Cellular Glass, Polyurethane & Polyisocyanurate Foam, Fiberglass, Elastomeric Foam, and Others); By Application; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Oil & gas pipelines globally have significantly developed in the recent years due to rise in the pipeline infrastructure and growing exploration of oil & gas along with the increasing adoption of product, as it reduces the energy consumption and could last longer as compared to other insulation material choices available in the market, are primary factors driving the global market growth. Increasing popularity for green buildings and renovation of the existing buildings along with sure in the new construction projects and other related interior developments across both commercial and residential sectors and focus on improving efficiency of solutions by implementing on research & development activities, which create huge market growth opportunities.

For instance, in January 2023, ROCKWOOL Technical Insulation, unveiled its new next-generation ProRox Mat MA 960 with WR-Tech for large-diameter pipework, columns, and vessels. It incorporates the company's water repellency technology that provides better protection against corrosion under insulation by keeping surfaces dry.

Globally, there has been a prominent shift towards the development and improvements of environment friendly insulation materials and utilization of several types of recycled products. With the continuous change in climatic conditions and growing environmental concerns, manufacturers all over the world are increasingly adopting eco-friendly alternatives including cellulose and mineral wool among others, that results in booming demand and adoption for the product at rapid pace. The constant fluctuation in the temperatures, contact with moisture and water, and growing chemical interactions that cause damages in non-insulated pipes and materials passing through it, thus the adoption of pipe insulation is rapidly surging as it helps in addressing this kind of issues and also protects the pipes from breakage during the time of shipment by providing support to the pipes form externally as well as internally.

Pipe Insulation Market Report Highlights

Polyurethane & polyisocyanurate foam segment accounted for major market share in 2022, which is mainly accelerated by increasing utilization of this material in several insulation applications, as it offers excellent dimensional stability

District energy systems segment is expected to grow at a highest CAGR during the projected period, on account of growing adoption as an efficient solution for connecting waste heat, heat pumps, and renewables

Europe region held the largest share in 2022, owing to increasing investments in the building & construction activities and surge in the product demand from pharmaceutical sector in the region

The global key market players include: Huntsman International, Saint-Gobain, Covestro, Wincell Insulation, NMC International, Gilsulate International, Sekisui Foam, Omkar Puf Insulation, Johns Manville, Owens Corning, Armacell, Lydall, Rockwool Insulation, Knauf Insulation, BASF, Kingspan, and Kaimann.

Polaris Market Research has segmented the pipe insulation market report based on material, application, and region:

Pipe Insulation, Material Outlook (Revenue - USD Billion, 2019 - 2032)

  • Cellular Glass
  • Polyurethane & Polyisocyanurate Foam
  • Fiberglass
  • Elastomeric Foam
  • Others

Pipe Insulation, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Industrial
  • Building & Construction
  • District Energy Systems
  • Others

Pipe Insulation, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Table of Contents

1. Introduction

  • 1.1. Report Description
    • 1.1.1. Objectives of the Study
    • 1.1.2. Market Scope
    • 1.1.3. Assumptions
  • 1.2. Stakeholders

2. Executive Summary

  • 2.1. Market Highlights

3. Research Methodology

  • 3.1. Overview
    • 3.1.1. Data Mining
  • 3.2. Data Sources
    • 3.2.1. Primary Sources
    • 3.2.2. Secondary Sources

4. Global Pipe Insulation Market Insights

  • 4.1. Pipe Insulation Market - Industry Snapshot
  • 4.2. Pipe Insulation Market Dynamics
    • 4.2.1. Drivers and Opportunities
      • 4.2.1.1. Rising adoption of district energy systems
      • 4.2.1.2. Stringent environmental regulations
    • 4.2.2. Restraints and Challenges
      • 4.2.2.1. Volatile raw material prices
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining Power of Suppliers (Moderate)
    • 4.3.2. Threats of New Entrants: (Low)
    • 4.3.3. Bargaining Power of Buyers (Moderate)
    • 4.3.4. Threat of Substitute (Moderate)
    • 4.3.5. Rivalry among existing firms (High)
  • 4.4. PESTLE Analysis
  • 4.5. Pipe Insulation Industry trends
  • 4.6. Value Chain Analysis
  • 4.7. COVID-19 Impact Analysis

5. Global Pipe Insulation Market, by Material

  • 5.1. Key Findings
  • 5.2. Introduction
    • 5.2.1. Global Pipe Insulation, by Material, 2019-2032 (USD Billion)
  • 5.3. Cellular Glass
    • 5.3.1. Global Pipe Insulation Market, by Cellular Glass, by Region, 2019-2032 (USD Billion)
  • 5.4. Polyurethane & Polyisocyanurate Foam
    • 5.4.1. Global Pipe Insulation Market, by Polyurethane & Polyisocyanurate Foam, by Region, 2019-2032 (USD Billion)
  • 5.5. Fiberglass
    • 5.5.1. Global Pipe Insulation Market, by Fiberglass, by Region, 2019-2032 (USD Billion)
  • 5.6. Elastomeric Foam
    • 5.6.1. Global Pipe Insulation Market, by Elastomeric Foam, by Region, 2019-2032 (USD Billion)
  • 5.7. Other
    • 5.7.1. Global Pipe Insulation Market, by Other, by Region, 2019-2032 (USD Billion)

6. Global Pipe Insulation Market, by Application

  • 6.1. Key Findings
  • 6.2. Introduction
    • 6.2.1. Global Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
  • 6.3. Industrial
    • 6.3.1. Global Pipe Insulation Market, by Industrial, by Region, 2019-2032 (USD Billion)
  • 6.4. Building & Construction
    • 6.4.1. Global Pipe Insulation Market, by Building & Construction, by Region, 2019-2032 (USD Billion)
  • 6.5. District Energy System
    • 6.5.1. Global Pipe Insulation Market, by District Energy System, by Region, 2019-2032 (USD Billion)
  • 6.6. Others
    • 6.6.1. Global Pipe Insulation Market, by Others, by Region, 2019-2032 (USD Billion)

7. Global Pipe Insulation Market, by Geography

  • 7.1. Key findings
  • 7.2. Introduction
    • 7.2.1. Pipe Insulation Market Assessment, By Geography, 2019-2032 (USD Billion)
  • 7.3. Pipe Insulation Market - North America
    • 7.3.1. North America: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
    • 7.3.2. North America: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.3.3. Pipe Insulation Market - U.S.
      • 7.3.3.1. U.S.: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.3.3.2. U.S.: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.3.4. Pipe Insulation Market - Canada
      • 7.3.4.1. Canada: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.3.4.2. Canada: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
  • 7.4. Pipe Insulation Market - Europe
    • 7.4.1. Europe: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
    • 7.4.2. Europe: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.4.3. Pipe Insulation Market - UK
      • 7.4.3.1. UK: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.4.3.2. UK: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.4.4. Pipe Insulation Market - France
      • 7.4.4.1. France: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.4.4.2. France: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.4.5. Pipe Insulation Market - Germany
      • 7.4.5.1. Germany: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.4.5.2. Germany: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.4.6. Pipe Insulation Market - Italy
      • 7.4.6.1. Italy: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.4.6.2. Italy: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.4.7. Pipe Insulation Market - Spain
      • 7.4.7.1. Spain: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.4.7.2. Spain: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.4.8. Pipe Insulation Market - Netherlands
      • 7.4.8.1. Netherlands: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.4.8.2. Netherlands: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.4.9. Pipe Insulation Market - Russia
      • 7.4.9.1. Russia: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.4.9.2. Russia: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
  • 7.5. Pipe Insulation Market - Asia Pacific
    • 7.5.1. Asia Pacific: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
    • 7.5.2. Asia Pacific: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.5.3. Pipe Insulation Market - China
      • 7.5.3.1. China: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.5.3.2. China: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.5.4. Pipe Insulation Market - India
      • 7.5.4.1. India: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.5.4.2. India: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.5.5. Pipe Insulation Market - Malaysia
      • 7.5.5.1. Malaysia: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.5.5.2. Malaysia: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.5.6. Pipe Insulation Market - Japan
      • 7.5.6.1. Japan: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.5.6.2. Japan: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.5.7. Pipe Insulation Market - Indonesia
      • 7.5.7.1. Indonesia: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.5.7.2. Indonesia: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.5.8. Pipe Insulation Market - South Korea
      • 7.5.8.1. South Korea: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.5.8.2. South Korea: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
  • 7.6. Pipe Insulation Market - Middle East & Africa
    • 7.6.1. Middle East & Africa: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
    • 7.6.2. Middle East & Africa: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.6.3. Pipe Insulation Market - Saudi Arabia
      • 7.6.3.1. Saudi Arabia: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.6.3.2. Saudi Arabia: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.6.4. Pipe Insulation Market - UAE
      • 7.6.4.1. UAE: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.6.4.2. UAE: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.6.5. Pipe Insulation Market - Israel
      • 7.6.5.1. Israel: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.6.5.2. Israel: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.6.6. Pipe Insulation Market - South Africa
      • 7.6.6.1. South Africa: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.6.6.2. South Africa: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
  • 7.7. Pipe Insulation Market - Latin America
    • 7.7.1. Latin America: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
    • 7.7.2. Latin America: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.7.3. Pipe Insulation Market - Mexico
      • 7.7.3.1. Mexico: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.7.3.2. Mexico: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.7.4. Pipe Insulation Market - Brazil
      • 7.7.4.1. Brazil: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.7.4.2. Brazil: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)
    • 7.7.5. Pipe Insulation Market - Argentina
      • 7.7.5.1. Argentina: Pipe Insulation Market, by Application, 2019-2032 (USD Billion)
      • 7.7.5.2. Argentina: Pipe Insulation Market, by Material, 2019-2032 (USD Billion)

8. Competitive Landscape

  • 8.1. Expansion and Acquisition Analysis
    • 8.1.1. Expansion
    • 8.1.2. Acquisitions
  • 8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

  • 9.1. Huntsman International
    • 9.1.1. Company Overview
    • 9.1.2. Financial Performance
    • 9.1.3. Product Benchmarking
    • 9.1.4. Recent Development
  • 9.2. Saint-Gobain
    • 9.2.1. Company Overview
    • 9.2.2. Financial Performance
    • 9.2.3. Product Benchmarking
    • 9.2.4. Recent Development
  • 9.3. Covestro
    • 9.3.1. Company Overview
    • 9.3.2. Financial Performance
    • 9.3.3. Product Benchmarking
    • 9.3.4. Recent Development
  • 9.4. Wincell Insulation
    • 9.4.1. Company Overview
    • 9.4.2. Financial Performance
    • 9.4.3. Product Benchmarking
    • 9.4.4. Recent Development
  • 9.5. NMC International
    • 9.5.1. Company Overview
    • 9.5.2. Financial Performance
    • 9.5.3. Product Benchmarking
    • 9.5.4. Recent Development
  • 9.6. Gilsulate International
    • 9.6.1. Company Overview
    • 9.6.2. Financial Performance
    • 9.6.3. Product Benchmarking
    • 9.6.4. Recent Development
  • 9.7. Sekisui Foam
    • 9.7.1. Company Overview
    • 9.7.2. Financial Performance
    • 9.7.3. Product Benchmarking
    • 9.7.4. Recent Development
  • 9.8. Omkar Puf Insulation
    • 9.8.1. Company Overview
    • 9.8.2. Financial Performance
    • 9.8.3. Product Benchmarking
    • 9.8.4. Recent Development
  • 9.9. Johns Manville
    • 9.9.1. Company Overview
    • 9.9.2. Financial Performance
    • 9.9.3. Product Benchmarking
    • 9.9.4. Recent Development
  • 9.10. Owens Corning
    • 9.10.1. Company Overview
    • 9.10.2. Financial Performance
    • 9.10.3. Product Benchmarking
    • 9.10.4. Recent Development
  • 9.11. Armacell
    • 9.11.1. Company Overview
    • 9.11.2. Financial Performance
    • 9.11.3. Product Benchmarking
    • 9.11.4. Recent Development
  • 9.12. Lydall
    • 9.12.1. Company Overview
    • 9.12.2. Financial Performance
    • 9.12.3. Product Benchmarking
    • 9.12.4. Recent Development
  • 9.13. Rockwool Insulation
    • 9.13.1. Company Overview
    • 9.13.2. Financial Performance
    • 9.13.3. Product Benchmarking
    • 9.13.4. Recent Development
  • 9.14. Knauf Insulation
    • 9.14.1. Company Overview
    • 9.14.2. Financial Performance
    • 9.14.3. Product Benchmarking
    • 9.14.4. Recent Development
  • 9.15. BASF
    • 9.15.1. Company Overview
    • 9.15.2. Financial Performance
    • 9.15.3. Product Benchmarking
    • 9.15.4. Recent Development
  • 9.16. Kingspan
    • 9.16.1. Company Overview
    • 9.16.2. Financial Performance
    • 9.16.3. Product Benchmarking
    • 9.16.4. Recent Development
  • 9.17. Kaimann
    • 9.17.1. Company Overview
    • 9.17.2. Financial Performance
    • 9.17.3. Product Benchmarking
    • 9.17.4. Recent Development
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