Pipe Insulation Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Apr 2022

Pages: 132

SKU: IRTNTR73081

Snapshot

Based on Technavio's market sizing methodology, the pipe insulation market size is predicted to surge by USD 2.50 billion from 2021 to 2026 at a CAGR of 5.24%.

This pipe insulation market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The pipe insulation market report offers information on several market vendors, including Armacell International SA, BASF SE, Compagnie de Saint Gobain SA, Covestro AG, Gilsulate International Inc., Huntsman Corp., Johns Manville, Kingfisher Plc, Kingspan Group Plc, Knauf Gips KG, Lydall Inc., NMC International SA, Omkar Puf Insulation Pvt. Ltd., Owens Corning, Paramount Intercontinental, ROCKWOOL International AS, Sekisui Foam Australia, The Supreme Industries Ltd., and Wincell Insulation Co. Ltd. among others.

This report further entails pipe insulation market segmentations, including:

Application - Building and construction, industrial, transportation, and oil and gas
Geography - North America, Europe, APAC, South America, and Middle East and Africa

What will the Pipe Insulation Market Size be During the Forecast Period?

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Pipe Insulation Market: Key Drivers, Trends, and Challenges

The growing demand for green buildings is notably driving the pipe insulation market growth, although factors such as volatile raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pipe insulation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pipe Insulation Market Driver

The growing demand for green buildings is one of the key drivers supporting the pipe insulation market growth. According to a recent survey, global green building activity has continued to rise, with a considerable increase projected in 19 nations over the next three years. Almost half of all respondents had anticipated constructing more than 60% of their projects as green buildings by 2021. Building owners, in particular, were ecstatic about the development of the green buildings, with 57% expecting to make the majority of their projects green by 2021. Thus, the increasing number of green building construction is increasing the demand for pipe insulation. Such increasing demand will drive the pipe insulation market growth during the forecast period.

Key Pipe Insulation Market Trend

Expansions of vendors is one of the key pipe insulation market trends that is contributing to the market growth. For, instance, in September 2020, Saint-Gobain announced the acquisition of Strikolith in the Netherlands, a company specialized in the production of external insulation systems, interior finishing, and renovation products and solutions. Thus, Saint-Gobain strengthened its position in external insulation systems and interior finishing solutions in the Netherlands. Such factors will increase the production and sales of pipe insulation and, in turn, accelerate the growth of the pipe insulation market during the forecast period.

Key Pipe Insulation Market Challenge

Volatile raw material prices is one of the factors hindering the pipe insulation market growth. A range of raw materials, such as fiberglass, mineral wool, and others are used to produce pipe insulation. One of the key reactive materials required to produce polyurethane foam is a diisocyanate. Meanwhile, the most widely used isocyanates for polyurethane foam production are toluene diisocyanate (TDI) and polymeric isocyanate. These isocyanates are mainly produced from benzene and its derivatives manufactured from crude oil. Thus, the volatility in crude oil prices adversely affects the cost of these raw materials, in turn affecting the manufacturing cost of polyurethane foam. These factors will hamper the pipe insulation market growth during the forecast period.

This pipe insulation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global pipe insulation market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pipe insulation market during the forecast period.

Who are the Major Pipe Insulation Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the pipe insulation market encompasses successful business strategies deployed by the key vendors. The pipe insulation market is fragmented and the vendors are deploying growth strategies such as developing innovative products and increasing their R and D investments to compete in the market.

Product Insights and News

Armacell International SA - The advanced insulation segment offers flexible foam insulation solutions in various applications that include HVAC, heating plumbing, refrigeration, acoustics, and others.
Armacell International SA - The company offers products such as AP ArmaFlex Tubes.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pipe insulation market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Pipe Insulation Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pipe insulation market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Pipe Insulation Market?

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47% of the market's growth will originate from North America during the forecast period. The US is the key market for pipe insulation market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The increasing environmental consciousness and technological advancements will facilitate the pipe insulation market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In the first half of 2021, the region was negatively affected by the second wave of the COVID-19 pandemic. However, there have been growing investments in healthcare facilities in developing countries such as the US to strengthen their medical facilities. These factors will drive the need to deploy pipe insulation in hospitals and facilities and positively impact regional pipe insulation market growth during the forecast period.

What are the Revenue-generating Application Segments in the Pipe Insulation Market?

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The pipe insulation market share growth by the building and construction segment will be significant during the forecast period. In the construction and infrastructure industry, pipe insulation is primarily used for pipework, such as thermal insulation or acoustic insulation. It provides very high electrical and thermal insulation and is resistant to chemicals, making them ideal for external and internal insulations. Pipe insulation can prevent condensation from forming, as the surface temperature of the insulation will vary from the surface temperature of the pipe. Therefore, the increasing number of residential, commercial, and infrastructure projects globally will generate demand for pipe insulation and thereby driving the market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pipe insulation market size and actionable market insights on post COVID-19 impact on each segment.

Pipe Insulation Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.24%
Market growth 2022-2026	$ 2.50 billion
Market structure	Fragmented
YoY growth (%)	4.19
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 47%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Armacell International SA, BASF SE, Compagnie de Saint Gobain SA, Covestro AG, Gilsulate International Inc., Huntsman Corp., Johns Manville, Kingfisher Plc, Kingspan Group Plc, Knauf Gips KG, Lydall Inc., NMC International SA, Omkar Puf Insulation Pvt. Ltd., Owens Corning, Paramount Intercontinental, ROCKWOOL International AS, Sekisui Foam Australia, The Supreme Industries Ltd., and Wincell Insulation Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Pipe Insulation Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive pipe insulation market growth during the next five years
Precise estimation of the pipe insulation market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the pipe insulation industry across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of pipe insulation market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application

5.3 Building and construction - Market size and forecast 2021-2026
- Exhibit 28: Chart on Building and construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Building and construction - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Building and construction - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Building and construction - Year-over-year growth 2021-2026 (%)

5.4 Industrial - Market size and forecast 2021-2026
- Exhibit 32: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Industrial - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Industrial - Year-over-year growth 2021-2026 (%)

5.5 Transportation - Market size and forecast 2021-2026
- Exhibit 36: Chart on Transportation - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Transportation - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Transportation - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Transportation - Year-over-year growth 2021-2026 (%)

5.6 Oil and gas - Market size and forecast 2021-2026
- Exhibit 40: Chart on Oil and gas - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Oil and gas - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Oil and gas - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Oil and gas - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by Application
- Exhibit 44: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.10 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.11 China - Market size and forecast 2021-2026
- Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)

7.12 Japan - Market size and forecast 2021-2026
- Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption

9.4 Industry risks
- Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 95: Vendors covered

10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification

10.3 Armacell International SA
- Exhibit 97: Armacell International SA - Overview
- Exhibit 98: Armacell International SA - Business segments
- Exhibit 99: Armacell International SA - Key offerings
- Exhibit 100: Armacell International SA - Segment focus

10.4 BASF SE
- Exhibit 101: BASF SE - Overview
- Exhibit 102: BASF SE - Business segments
- Exhibit 103: BASF SE - Key news
- Exhibit 104: BASF SE - Key offerings
- Exhibit 105: BASF SE - Segment focus

10.5 Compagnie de Saint Gobain SA
- Exhibit 106: Compagnie de Saint Gobain SA - Overview
- Exhibit 107: Compagnie de Saint Gobain SA - Business segments
- Exhibit 108: Compagnie de Saint Gobain SA - Key news
- Exhibit 109: Compagnie de Saint Gobain SA - Key offerings
- Exhibit 110: Compagnie de Saint Gobain SA - Segment focus

10.6 Huntsman Corp.
- Exhibit 111: Huntsman Corp. - Overview
- Exhibit 112: Huntsman Corp. - Business segments
- Exhibit 113: Huntsman Corp. - Key news
- Exhibit 114: Huntsman Corp. - Key offerings
- Exhibit 115: Huntsman Corp. - Segment focus

10.7 Johns Manville
- Exhibit 116: Johns Manville - Overview
- Exhibit 117: Johns Manville - Product / Service
- Exhibit 118: Johns Manville - Key offerings

10.8 Kingspan Group Plc
- Exhibit 119: Kingspan Group Plc - Overview
- Exhibit 120: Kingspan Group Plc - Business segments
- Exhibit 121: Kingspan Group Plc - Key news
- Exhibit 122: Kingspan Group Plc - Key offerings
- Exhibit 123: Kingspan Group Plc - Segment focus

10.9 Knauf Gips KG
- Exhibit 124: Knauf Gips KG - Overview
- Exhibit 125: Knauf Gips KG - Product / Service
- Exhibit 126: Knauf Gips KG - Key offerings

10.10 Lydall Inc.
- Exhibit 127: Lydall Inc. - Overview
- Exhibit 128: Lydall Inc. - Key offerings

10.11 Owens Corning
- Exhibit 129: Owens Corning - Overview
- Exhibit 130: Owens Corning - Business segments
- Exhibit 131: Owens Corning - Key news
- Exhibit 132: Owens Corning - Key offerings
- Exhibit 133: Owens Corning - Segment focus

10.12 ROCKWOOL International AS
- Exhibit 134: ROCKWOOL International AS - Overview
- Exhibit 135: ROCKWOOL International AS - Business segments
- Exhibit 136: ROCKWOOL International AS - Key offerings
- Exhibit 137: ROCKWOOL International AS - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 138: Inclusions checklist
- Exhibit 139: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 140: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 141: Research methodology
- Exhibit 142: Validation techniques employed for market sizing
- Exhibit 143: Information sources

11.5 List of abbreviations
- Exhibit 144: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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