Pipe Insulation Market

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Pipe Insulation Market by Material Type (Rockwool, Fiberglass, PUR & PIR foam, Elastomeric foam), Application (Industrial, Oil, District Energy Systems, Building & Construction), and Region (North America, Europe, APAC, MEA, RoW) - Global Forecast to 2027

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Report Code: CH 6796 Oct, 2022, by marketsandmarkets.com

Pipe Insulation Market Size

The global pipe insulation market size was valued at USD 2.2 billion in 2022 and is projected to reach USD 2.6 billion by 2027, growing at a cagr 3.8% from 2022 to 2027. Pipe insulation is a material or a combination of materials wrapped around a pipe that retards the flow of heat energy. Pipe insulation reduces energy losses to a great extent and thereby reduces energy costs. Piping shall be insulated as per the insulation class, operating temperature, and insulation thickness. Pipe insulation adds a protective covering to pipes and reduces the heat loss or heat gain from surfaces operating at temperatures above or below the surrounding temperature.

Attractive Opportunities in the Pipe Insulation Market

Pipe Insulation Market

e-estimated, p-projected

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Pipe Insulation Market Dynamics

Driver: Growth in oil and gas demand

The oil and gas pipelines have developed significantly in the recent past owing to the increase in pipeline infrastructure and exploration of oil and gas. According to International Energy Agency (IEA), the US is already a net exporter of gas and its remarkable ability to unlock new resources cost-effectively, pushes its oil and gas output higher than that of any other country. Also, according to International Energy Agency (IEA), by the mid-2020s, the US will become the world’s largest exporter of Liquefied Natural Gas (LNG) and a few years later, a net exporter of oil. Thus, the increase in shale oil and gas exploration in the country will lead to development of oil and gas pipelines, which, in turn, will drive the pipe insulation market in the country.

Restraint: Volatile prices of plastic foams

The uneven recovery from COVID-19 pandemic in different industries and geographies is a key problem in understanding and ana lyzing the pipe insulation market landscape. The pipe insulation industry faces many problems, the most significant of which is the shifting price of plastic foams. The fluctuation in the prices of the plastic foams is likely to hamper the expansion of the market due to the changes in the costs of crude oil in the international industry, as polystyrene is a derivate of crude oil. The short-term price volatility of plastic foams such as polystyrene foam and polyurethane foam impedes the growth of the market. According to the SunSirs Commodity Data Group, in the first half of 2020, the price of polystyrene foam remained nearly constant, but then varied in the 2nd half of 2020 and 1st quarter of 2021 by 4.86% respectively. The price of polyurethane foam, in its upstream raw material, remained essentially constant. These examples illustrate the fluctuations in the prices of plastic foams for pipe insulation.

Opportunity: Availability of green insulation material

Thermacork is made from the outer bark of oak trees and is recyclable, natural, renewable, and biodegradable. The process of this product material has a record of negative carbon footprint. It reduces energy consumption and can last longer compared to other insulation material choices. It is free from domestic toxins, hypoallergenic, and a good soundproofing insulation material. Thus, the availability of green insulation materials creates an opportunity for pipe insulation manufacturers.

Pipe Insulation Market Ecosystem

“Polyurethane (PUR) and polyisocyanurate (PIR) foams was the second-largest type of pipe insulation market, in terms of value, in 2021”

Polyurethane (PUR) and polyisocyanurate (PIR) foams are manufactured from two components, namely, methylene diphenyl diisocyanate (MDI) and polyols. MDI and polyols are used at a balanced ratio during the production of PUR foam, whereas MDI is used more than polyols during the production of PIR. PIR has superior thermal resistance and dimension stability when compared to PUR. PUR and PIR foams are moisture resistant and therefore are used in pipelines.

“Building & construction was the second-fastest growing application of pipe insulation market, in terms of value, in 2021”

Insulation is used in pipelines in buildings as a cost-effective way to save energy. Insulated pipelines used for heating, ventilation, and air-conditioning (HVAC) helps in reducing greenhouse gas emissions and overall energy consumption. Insulation is used in pipelines in both residential and commercial constructions to ensure efficiency of heating or cooling systems. The various materials used in pipe insulation in the building & construction segment are PU & PIR foam, fiberglass, phenolic foam, cellular glass, and elastomeric foam, among others.

Asia Pacific to account for the largest share of the global pipe insulation market, in terms of value, in 2021”

According to the International Monetary Fund (IMF), China and India are among the fastest-growing economies in the world. India is expected to outpace China with the highest growth rate, thus driving the global economy. Due to the high growth rate in these countries, the pipe insulation market is also projected to grow rapidly. However, Japan's market shows slow growth compared to that of other countries. The market is expected to grow due to the increasing applications in the construction industry.

Pipe Insulation Market by Region

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

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Pipe Insulation Market Players

The key market players profiled in the report include Saint-Gobain S.A. (France), BASF S E (Germany), Johns Manville (US), Owens Corning (US), Kingspan Group PLC (UK), Rockwool A/S (Denmark), Covestro AG (Germany), Huntsman Corporation (US), Armacell (Luxembourg), Knauf Insulation (US) and others.

Pipe Insulation Market Report Scope

Report Metric	Details
Market Size Value in 2022	USD 2.2 billion
Revenue Forecast in 2027	USD 2.6 billion
CAGR	3.8%
Years considered for the study	2017-2027
Base Year Considered	2021
Forecast period	2022–2027
Units considered	Value (USD Thousand/USD Billion)
Segments covered	Material Type, Application, and Region
Regions covered	Western Europe, Central & Eastern Europe, North America, Asia Pacific, Middle East & Africa and South America
Companies profiled	Saint-Gobain S.A. (France), BASF S E (Germany), Johns Manville (US), Owens Corning (US), Kingspan Group PLC (UK), Rockwool A/S (Denmark), Covestro AG (Germany), Huntsman Corporation (US), Armacell (Luxembourg) and Knauf Insulation (US) and others Top 23 major players covered

This report categorizes the global pipe insulation market based on material type, application, and region.

On the basis of material type, the pipe insulation market has been segmented as follows:

Rockwool
Fiberglass
PU & PIR foam
Elastomeric foam
Others

On the basis of application, the pipe insulation market has been segmented as follows:

District Energy Systems
Oil
Building & Construction
Industrial
Others

On the basis of region, the pipe insulation market has been segmented as follows:

North America
Western Europe
Central & Eastern Europe
Asia Pacific
Middle East & Africa
South America

Recent Developments:

In March 2022, Saint-Gobain S.A. made an investment in a new blowing glass wool production line in its ISOVER plant in France to meet the rising demand of the French market for roof space thermal insulation solutions.
In December 2021, Saint-Gobain S.A. has entered into an agreement with Alghanim group for the acquisition of its 100% subsidiary, Rockwool India Pvt Ltd., a major manufacturer of stone wool in India with a wide range of insulation products for thermal, acoustic and fire safety applications.
In July 2021, Rockwool A/S began commercial production of stone wool insulation product located in Jefferson County, West Virginia at North America as there is growing demand for stone wool insulation products..
In December 2020, Saint-Gobain S.A. and EL volcan are the longstanding partners through different countries and the company has strengthened its partnership by extending it into two new South America markets so that it will be able to unlock significant synergies which help to sharpen its competitive edge and enhance its commercial offer for the region’s construction markets.

Frequently Asked Questions (FAQ):

What is the current size and CAGR of the global pipe insulation market?

The global pipe insulation market size was USD 2.2 Billion in 2022 and is projected to reach USD 2.6 Billion by 2027, at a CAGR of 3.8%, between 2022 and 2027.

What are the major factors impacting market growth during the forecast period?

The major drivers of the pipe insulation market are the growth in oil and gas demand, development of green buildings, stringent regulatory environment, and reduction in energy consumption and its related cost. Availability of green insulation material creates an opportunity for the manufacturers of pipe insulation. .

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 31)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 PIPE INSULATION MARKET: INCLUSIONS & EXCLUSIONS
           1.2.2 PIPE INSULATION MARKET DEFINITION AND INCLUSIONS, BY MATERIAL TYPE
           1.2.3 PIPE INSULATION MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
    1.3 MARKET SCOPE
          FIGURE 1 PIPE INSULATION MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA
          FIGURE 2 PIPE INSULATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY OF COLLECTIVE REVENUE OF COMPANIES: APPROACH 1 (SUPPLY SIDE)
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY OF COLLECTIVE REVENUE OF ALL PRODUCTS: APPROACH 1 BOTTOM-UP (SUPPLY SIDE)
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY OF PRODUCTS SOLD: APPROACH 2 – BOTTOM-UP (DEMAND SIDE)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – TOP-DOWN
    2.3 DATA TRIANGULATION
          FIGURE 7 PIPE INSULATION MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS
           2.4.1 SUPPLY SIDE
                    FIGURE 8 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE
           2.4.2 DEMAND SIDE
                    FIGURE 9 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS
    2.6 RESEARCH ASSUMPTIONS
    2.7 RESEARCH LIMITATIONS
    2.8 RISK ASSESSMENT
          TABLE 1 PIPE INSULATION MARKET: RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 10 ROCKWOOL LED PIPE INSULATION MARKET IN 2021
    FIGURE 11 DISTRICT ENERGY SYSTEMS TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
    FIGURE 12 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2021

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PIPE INSULATION MARKET
          FIGURE 13 GROWING DISTRICT ENERGY SYSTEMS APPLICATION TO DRIVE PIPE INSULATION MARKET DURING FORECAST PERIOD
    4.2 PIPE INSULATION MARKET SIZE, BY REGION
          FIGURE 14 ASIA PACIFIC TO BE LARGEST MARKET FOR PIPE INSULATION DURING FORECAST PERIOD
    4.3 ASIA PACIFIC: PIPE INSULATION MARKET, BY MATERIAL TYPE AND COUNTRY, 2021
          FIGURE 15 CHINA AND PU & PIR FOAM MATERIAL ACCOUNTED FOR LARGEST SHARES
    4.4 PIPE INSULATION MARKET SIZE, APPLICATION VS. REGION
          FIGURE 16 INDUSTRIAL SEGMENT LED PIPE INSULATION MARKET IN MOST REGIONS
    4.5 PIPE INSULATION MARKET, BY KEY COUNTRIES
          FIGURE 17 POLAND TO REGISTER HIGHEST CAGR BETWEEN 2022 AND 2027

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN PIPE INSULATION MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growth in oil & gas demand
                                FIGURE 19 NATURAL GAS DEMAND TO DRIVE PIPE INSULATION MARKET
                    5.2.1.2 Development of green buildings
                                TABLE 2 TOP 10 COUNTRIES & REGIONS FOR LEED GREEN BUILDING, 2021
                    5.2.1.3 Stringent regulatory environment
                    5.2.1.4 Reduction in energy consumption and related cost
           5.2.2 RESTRAINTS
                    5.2.2.1 Volatile prices of plastic foams
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Availability of green insulation material
           5.2.4 CHALLENGES
                    5.2.4.1 Corrosion Under Insulation (CUI) leads to health- and safety-related incidents
    5.3 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 20 PIPE INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 3 PIPE INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 KEY STAKEHOLDERS & BUYING CRITERIA
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 22 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 5 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
    5.5 MACROECONOMIC INDICATORS
           5.5.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
                    TABLE 6 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES, 2019–2027 (USD BILLION)

6 INDUSTRY TRENDS (Page No. - 62)
    6.1 SUPPLY CHAIN ANALYSIS
          FIGURE 23 PIPE INSULATION MARKET: SUPPLY CHAIN
           6.1.1 RAW MATERIALS
           6.1.2 MANUFACTURERS
           6.1.3 DISTRIBUTION NETWORK
           6.1.4 END-USE INDUSTRIES
    6.2 PIPE INSULATION MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          FIGURE 24 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          TABLE 7 PIPE INSULATION MARKET FORECAST SCENARIO, 2019–2027 (USD MILLION)
           6.2.1 NON-COVID-19 SCENARIO
           6.2.2 OPTIMISTIC SCENARIO
           6.2.3 PESSIMISTIC SCENARIO
           6.2.4 REALISTIC SCENARIO
    6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
           6.3.1 REVENUE SHIFTS & REVENUE POCKETS FOR PIPE INSULATION MARKET
                    FIGURE 25 REVENUE SHIFT FOR PIPE INSULATION MARKET
    6.4 CONNECTED MARKETS: ECOSYSTEM
          TABLE 8 PIPE INSULATION MARKET: ECOSYSTEM
          FIGURE 26 PIPE INSULATION: ECOSYSTEM
    6.5 TECHNOLOGY ANALYSIS
           6.5.1 ECOSE TECHNOLOGY
                    TABLE 9 BENEFITS OF ECOSE TECHNOLOGY
           6.5.2 XPS FOAM TECHNOLOGY
                    TABLE 10 ADVANTAGES OF XPS FOAM TECHNOLOGY
           6.5.3 SYNTACTIC FOAM TECHNOLOGY
    6.6 CASE STUDY ANALYSIS
           6.6.1 CASE STUDY ON ROCKWOOL INTERNATIONAL A/S
           6.6.2 CASE STUDY ON KNAUF GIPS KG
    6.7 TRADE DATA STATISTICS
           6.7.1 IMPORT SCENARIO OF PIPE INSULATION
                    FIGURE 27 IMPORT OF PIPE INSULATION, BY KEY COUNTRIES (2016–2021)
                    TABLE 11 IMPORT OF PIPE INSULATION, BY REGION, 2016–2021 (USD MILLION)
           6.7.2 EXPORT SCENARIO OF PIPE INSULATION
                    FIGURE 28 EXPORT OF PIPE INSULATION, BY KEY COUNTRIES (2016–2021)
                    TABLE 12 EXPORT OF PIPE INSULATION, BY REGION, 2016–2021 (USD MILLION)
    6.8 REGULATORY LANDSCAPE
           6.8.1 REGULATIONS RELATED TO PIPE INSULATION
    6.9 KEY CONFERENCES & EVENTS IN 2022–2023
          TABLE 13 PIPE INSULATION MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    6.10 PATENT ANALYSIS
           6.10.1 APPROACH
           6.10.2 DOCUMENT TYPE
                     FIGURE 29 PATENT PUBLICATION TRENDS FOR PIPE INSULATION MARKET, 2011–2021
                     FIGURE 30 LEGAL STATUS OF PATENTS
           6.10.3 JURISDICTION ANALYSIS
                     FIGURE 31 MAXIMUM PATENTS FILED BY COMPANIES IN US
           6.10.4 TOP APPLICANTS
                     FIGURE 32 BASF SE REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2011 AND 2021
                     TABLE 14 LIST OF A FEW RECENT PATENTS BY BASF SE
                     TABLE 15 LIST OF A FEW RECENT PATENTS BY DOW INC.
                     TABLE 16 LIST OF A FEW RECENT PATENTS BY 3M COMPANY
                     TABLE 17 TOP 10 PATENT OWNERS IN US, 2011–2021

7 PIPE INSULATION MARKET, BY MATERIAL TYPE (Page No. - 77)
    7.1 INTRODUCTION
          FIGURE 33 ROCKWOOL TO BE LARGEST MATERIAL TYPE IN PIPE INSULATION MARKET DURING FORECAST PERIOD
          TABLE 18 PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2016–2020 (USD THOUSAND)
          TABLE 19 PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2021–2027 (USD THOUSAND)
    7.2 ROCKWOOL
           7.2.1 SUSTAINABLE INSULATION MATERIAL TO DOMINATE MARKET
                    FIGURE 34 CENTRAL & EASTERN EUROPE TO WITNESS HIGHEST CAGR IN ROCKWOOL SEGMENT DURING FORECAST PERIOD
                    TABLE 20 ROCKWOOL: PIPE INSULATION MARKET SIZE, BY REGION, 2016–2020 (USD THOUSAND)
                    TABLE 21 ROCKWOOL: PIPE INSULATION MARKET SIZE, BY REGION, 2021–2027 (USD THOUSAND)
    7.3 POLYURETHANE & POLYISOCYANURATE FOAM
           7.3.1 MAINLY USED IN COLD INSULATION APPLICATION
                    FIGURE 35 ASIA PACIFIC TO LEAD PUR & PIR FOAM SEGMENT DURING FORECAST PERIOD
                    TABLE 22 PUR & PIR FOAM: PIPE INSULATION MARKET SIZE, BY REGION, 2016–2020 (USD THOUSAND)
                    TABLE 23 PUR & PIR FOAM: PIPE INSULATION MARKET SIZE, BY REGION, 2021–2027 (USD THOUSAND)
    7.4 FIBERGLASS
           7.4.1 MAINLY USED IN COLD PIPE INSULATION APPLICATION
                    FIGURE 36 NORTH AMERICA TO LEAD FIBERGLASS SEGMENT DURING FORECAST PERIOD
                    TABLE 24 FIBERGLASS: PIPE INSULATION MARKET SIZE, BY REGION, 2016–2020 (USD THOUSAND)
                    TABLE 25 FIBERGLASS: PIPE INSULATION MARKET SIZE, BY REGION, 2021–2027 (USD THOUSAND)
    7.5 ELASTOMERIC FOAM
           7.5.1 MAINLY USED IN BUILDING & CONSTRUCTION APPLICATION
                    FIGURE 37 NORTH AMERICA TO LEAD ELASTOMERIC FOAM SEGMENT DURING FORECAST PERIOD
                    TABLE 26 ELASTOMERIC FOAM: PIPE INSULATION MARKET SIZE, BY REGION, 2016–2020 (USD THOUSAND)
                    TABLE 27 ELASTOMERIC FOAM: PIPE INSULATION MARKET SIZE, BY REGION, 2021–2027 (USD THOUSAND)
    7.6 OTHERS
           7.6.1 DISTRICT HEATING SYSTEMS IN RUSSIA AND HUGE PRODUCTION OF CRUDE OIL
                    FIGURE 38 ASIA PACIFIC TO LEAD OTHER MATERIALS SEGMENT DURING FORECAST PERIOD
                    TABLE 28 OTHER MATERIALS: PIPE INSULATION MARKET SIZE, BY REGION, 2016–2020 (USD THOUSAND)
                    TABLE 29 OTHER MATERIALS: PIPE INSULATION MARKET SIZE, BY REGION, 2021–2027 (USD THOUSAND)

8 PIPE INSULATION MARKET, BY APPLICATION (Page No. - 88)
    8.1 INTRODUCTION
          FIGURE 39 DISTRICT ENERGY SYSTEMS TO BE FASTEST-GROWING APPLICATION OF PIPE INSULATION DURING FORECAST PERIOD
          TABLE 30 PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
          TABLE 31 PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
    8.2 INDUSTRIAL
           8.2.1 NEED FOR ENERGY CONSERVATION IN INDUSTRIAL FACILITIES
                    FIGURE 40 ASIA PACIFIC TO BE LARGEST PIPE INSULATION MARKET IN INDUSTRIAL APPLICATION
                    TABLE 32 PIPE INSULATION MARKET SIZE IN INDUSTRIAL APPLICATION, BY REGION, 2016–2020 (USD THOUSAND)
                    TABLE 33 PIPE INSULATION MARKET SIZE IN INDUSTRIAL APPLICATION, BY REGION, 2021–2027 (USD THOUSAND)
    8.3 OIL
           8.3.1 HUGE OIL PRODUCTION IN MIDDLE EAST
                    FIGURE 41 MIDDLE EAST & AFRICA TO BE LARGEST PIPE INSULATION MARKET IN OIL APPLICATION
                    TABLE 34 PIPE INSULATION MARKET SIZE IN OIL APPLICATION, BY REGION, 2016–2020 (USD THOUSAND)
                    TABLE 35 PIPE INSULATION MARKET SIZE IN OIL APPLICATION, BY REGION, 2021–2027 (USD THOUSAND)
    8.4 DISTRICT ENERGY SYSTEMS (DES)
           8.4.1 TO BE FASTEST-GROWING APPLICATION
                    FIGURE 42 ASIA PACIFIC TO BE LARGEST PIPE INSULATION MARKET IN DISTRICT ENERGY SYSTEMS APPLICATION
                    TABLE 36 PIPE INSULATION MARKET SIZE IN DISTRICT ENERGY SYSTEMS APPLICATION, BY REGION, 2016–2020 (USD THOUSAND)
                    TABLE 37 PIPE INSULATION MARKET SIZE IN DISTRICT ENERGY SYSTEMS APPLICATION, BY REGION, 2021–2027 (USD THOUSAND)
    8.5 BUILDING & CONSTRUCTION
           8.5.1 TO SAVE COSTS AND PROVIDE THERMAL COMFORT
                    FIGURE 43 NORTH AMERICA TO BE LARGEST PIPE INSULATION MARKET IN BUILDING & CONSTRUCTION APPLICATION
                    TABLE 38 PIPE INSULATION MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2016–2020 (USD THOUSAND)
                    TABLE 39 PIPE INSULATION MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2021–2027 (USD THOUSAND)
    8.6 OTHERS
           8.6.1 DEMAND FOR SEABORNE TRADE AND INCREASING POPULATION OF SEAFARERS
                    FIGURE 44 ASIA PACIFIC TO BE LARGEST PIPE INSULATION MARKET IN OTHER APPLICATIONS
                    TABLE 40 PIPE INSULATION MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2020 (USD THOUSAND)
                    TABLE 41 PIPE INSULATION MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2021–2027 (USD THOUSAND)

9 PIPE INSULATION MARKET, BY REGION (Page No. - 98)
    9.1 INTRODUCTION
          FIGURE 45 CENTRAL & EASTERN EUROPE TO BE FASTEST-GROWING PIPE INSULATION MARKET BETWEEN 2022 AND 2027
          TABLE 42 PIPE INSULATION MARKET SIZE, BY REGION, 2016–2020 (USD THOUSAND)
          TABLE 43 PIPE INSULATION MARKET SIZE, BY REGION, 2021–2027 (USD THOUSAND)
    9.2 WESTERN EUROPE
          FIGURE 46 WESTERN EUROPE: PIPE INSULATION MARKET SNAPSHOT
           9.2.1 WESTERN EUROPE PIPE INSULATION MARKET, BY MATERIAL TYPE
                    TABLE 44 WESTERN EUROPE: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2016–2020 (USD THOUSAND)
                    TABLE 45 WESTERN EUROPE: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2021–2027 (USD THOUSAND)
           9.2.2 WESTERN EUROPE PIPE INSULATION MARKET, BY APPLICATION
                    TABLE 46 WESTERN EUROPE: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                    TABLE 47 WESTERN EUROPE: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
           9.2.3 WESTERN EUROPE PIPE INSULATION MARKET, BY COUNTRY
                    TABLE 48 WESTERN EUROPE: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2016–2020 (USD THOUSAND)
                    TABLE 49 WESTERN EUROPE: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2021–2027 (USD THOUSAND)
                    9.2.3.1 Germany
                               9.2.3.1.1 Large industrial base and green building labeling systems
                                              TABLE 50 GERMANY: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 51 GERMANY: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.2.3.2 France
                               9.2.3.2.1 Government regulations and investment in public infrastructure
                                              TABLE 52 FRANCE: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 53 FRANCE: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.2.3.3 UK
                               9.2.3.3.1 Green building council and investment in construction
                                              TABLE 54 UK: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 55 UK: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.2.3.4 Italy
                               9.2.3.4.1 New project finance rules and investment policies
                                              TABLE 56 ITALY: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 57 ITALY: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
    9.3 CENTRAL AND EASTERN EUROPE
           9.3.1 CENTRAL AND EASTERN EUROPE PIPE INSULATION MARKET, BY MATERIAL TYPE
                    TABLE 58 CENTRAL AND EASTERN EUROPE: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2016–2020 (USD THOUSAND)
                    TABLE 59 CENTRAL AND EASTERN EUROPE: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2021–2027 (USD THOUSAND)
           9.3.2 CENTRAL AND EASTERN EUROPE PIPE INSULATION MARKET, BY APPLICATION
                    TABLE 60 CENTRAL AND EASTERN EUROPE: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                    TABLE 61 CENTRAL AND EASTERN EUROPE: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
           9.3.3 CENTRAL AND EASTERN EUROPE PIPE INSULATION MARKET, BY COUNTRY
                    TABLE 62 CENTRAL AND EASTERN EUROPE: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2016–2020 (USD THOUSAND)
                    TABLE 63 CENTRAL AND EASTERN EUROPE: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2021–2027 (USD THOUSAND)
                    9.3.3.1 Russia
                               9.3.3.1.1 High demand for DES application from domestic market
                                              TABLE 64 RUSSIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 65 RUSSIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.3.3.2 Poland
                               9.3.3.2.1 Building codes and increasing construction application
                                              TABLE 66 POLAND: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 67 POLAND: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
    9.4 ASIA PACIFIC
          FIGURE 47 ASIA PACIFIC: PIPE INSULATION MARKET SNAPSHOT
           9.4.1 ASIA PACIFIC PIPE INSULATION MARKET, BY MATERIAL TYPE
                    TABLE 68 ASIA PACIFIC: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2016–2020 (USD THOUSAND)
                    TABLE 69 ASIA PACIFIC: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2021–2027 (USD THOUSAND)
           9.4.2 ASIA PACIFIC PIPE INSULATION MARKET, BY APPLICATION
                    TABLE 70 ASIA PACIFIC: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                    TABLE 71 ASIA PACIFIC: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
           9.4.3 ASIA PACIFIC PIPE INSULATION MARKET, BY COUNTRY
                    TABLE 72 ASIA PACIFIC: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2016–2020 (USD THOUSAND)
                    TABLE 73 ASIA PACIFIC: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2021–2027 (USD THOUSAND)
                    9.4.3.1 China
                               9.4.3.1.1 Mandatory building energy codes for commercial and residential buildings
                                              TABLE 74 CHINA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 75 CHINA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.4.3.2 Japan
                               9.4.3.2.1 Improved energy consumption performance of buildings
                                              TABLE 76 JAPAN: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 77 JAPAN: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.4.3.3 India
                               9.4.3.3.1 Industrial application to augment demand
                                              TABLE 78 INDIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 79 INDIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.4.3.4 Malaysia
                               9.4.3.4.1 Necessity to insulate industrial pipelines
                                              TABLE 80 MALAYSIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 81 MALAYSIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.4.3.5 Indonesia
                               9.4.3.5.1 Rise in oil production
                                              TABLE 82 INDONESIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 83 INDONESIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.4.3.6 Australia
                               9.4.3.6.1 Huge industrial base
                                              TABLE 84 AUSTRALIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 85 AUSTRALIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.4.3.7 South Korea
                               9.4.3.7.1 Growing construction industry and demand for DES
                                              TABLE 86 SOUTH KOREA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 87 SOUTH KOREA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
    9.5 NORTH AMERICA
          FIGURE 48 NORTH AMERICA: PIPE INSULATION MARKET SNAPSHOT
           9.5.1 NORTH AMERICA PIPE INSULATION MARKET, BY MATERIAL TYPE
                    TABLE 88 NORTH AMERICA: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2016–2020 (USD THOUSAND)
                    TABLE 89 NORTH AMERICA: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2021–2027 (USD THOUSAND)
           9.5.2 NORTH AMERICA PIPE INSULATION MARKET, BY APPLICATION
                    TABLE 90 NORTH AMERICA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                    TABLE 91 NORTH AMERICA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
           9.5.3 NORTH AMERICA PIPE INSULATION MARKET, BY COUNTRY
                    TABLE 92 NORTH AMERICA: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2016–2020 (USD THOUSAND)
                    TABLE 93 NORTH AMERICA: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2021–2027 (USD THOUSAND)
                    9.5.3.1 US
                               9.5.3.1.1 Largest market in North America
                                              TABLE 94 US: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 95 US: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.5.3.2 Canada
                               9.5.3.2.1 Oil application to drive demand
                                              TABLE 96 CANADA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 97 CANADA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.5.3.3 Mexico
                               9.5.3.3.1 Mandatory energy efficiency standards
                                              TABLE 98 MEXICO: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 99 MEXICO: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
    9.6 MIDDLE EAST & AFRICA
           9.6.1 MIDDLE EAST & AFRICA PIPE INSULATION MARKET, BY MATERIAL TYPE
                    TABLE 100 MIDDLE EAST & AFRICA: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2016–2020 (USD THOUSAND)
                    TABLE 101 MIDDLE EAST & AFRICA: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2021–2027 (USD THOUSAND)
           9.6.2 MIDDLE EAST & AFRICA PIPE INSULATION MARKET, BY APPLICATION
                    TABLE 102 MIDDLE EAST & AFRICA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                    TABLE 103 MIDDLE EAST & AFRICA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
           9.6.3 MIDDLE EAST & AFRICA PIPE INSULATION MARKET, BY COUNTRY
                    TABLE 104 MIDDLE EAST & AFRICA: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2016–2020 (USD THOUSAND)
                    TABLE 105 MIDDLE EAST & AFRICA: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2021–2027 (USD THOUSAND)
                    9.6.3.1 Saudi Arabia
                               9.6.3.1.1 Presence of various energy efficiency programs and increased government spending
                                              TABLE 106 SAUDI ARABIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 107 SAUDI ARABIA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.6.3.2 UAE
                               9.6.3.2.1 Existence of mandatory building codes
                                              TABLE 108 UAE: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 109 UAE: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.6.3.3 Iran
                               9.6.3.3.1 DES application to drive market
                                              TABLE 110 IRAN: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 111 IRAN: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.6.3.4 Kuwait
                               9.6.3.4.1 Oil production to drive demand
                                              TABLE 112 KUWAIT: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 113 KUWAIT: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
    9.7 SOUTH AMERICA
           9.7.1 SOUTH AMERICA PIPE INSULATION MARKET, BY MATERIAL TYPE
                    TABLE 114 SOUTH AMERICA: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2016–2020 (USD THOUSAND)
                    TABLE 115 SOUTH AMERICA: PIPE INSULATION MARKET SIZE, BY MATERIAL TYPE, 2021–2027 (USD THOUSAND)
           9.7.2 SOUTH AMERICA PIPE INSULATION MARKET, BY APPLICATION
                    TABLE 116 SOUTH AMERICA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                    TABLE 117 SOUTH AMERICA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
           9.7.3 SOUTH AMERICA PIPE INSULATION MARKET, BY COUNTRY
                    TABLE 118 SOUTH AMERICA: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2016–2020 (USD THOUSAND)
                    TABLE 119 SOUTH AMERICA: PIPE INSULATION MARKET SIZE, BY COUNTRY, 2021–2027 (USD THOUSAND)
                    9.7.3.1 Brazil
                               9.7.3.1.1 Growing industrialization and urbanization
                                              TABLE 120 BRAZIL: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 121 BRAZIL: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)
                    9.7.3.2 Argentina
                               9.7.3.2.1 Demand from the industrial and mining industries
                                              TABLE 122 ARGENTINA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2016–2020 (USD THOUSAND)
                                              TABLE 123 ARGENTINA: PIPE INSULATION MARKET SIZE, BY APPLICATION, 2021–2027 (USD THOUSAND)

10 COMPETITIVE LANDSCAPE (Page No. - 141)
     10.1 INTRODUCTION
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS
             TABLE 124 OVERVIEW OF STRATEGIES ADOPTED BY PIPE INSULATION MANUFACTURERS
     10.3 MARKET SHARE ANALYSIS
             10.3.1 RANKING OF KEY MARKET PLAYERS, 2021
                       FIGURE 49 RANKING OF TOP FIVE PLAYERS IN PIPE INSULATION MARKET, 2021
             10.3.2 MARKET SHARE OF KEY PLAYERS
                       TABLE 125 PIPE INSULATION MARKET: DEGREE OF COMPETITION
                       FIGURE 50 SAINT-GOBAIN S.A.: LEADING PLAYER IN PIPE INSULATION MARKET
                        10.3.2.1 Saint-Gobain SA
                        10.3.2.2 BASF SE
                        10.3.2.3 Johns Manville
                        10.3.2.4 Owens Corning
                        10.3.2.5 Kingspan Group PLC
             10.3.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS
                       FIGURE 51 REVENUE ANALYSIS FOR KEY COMPANIES, 2017–2021
     10.4 COMPANY PRODUCT FOOTPRINT ANALYSIS
             FIGURE 52 PIPE INSULATION MARKET: OVERALL COMPANY FOOTPRINT
             TABLE 126 PIPE INSULATION MARKET: MATERIAL TYPE FOOTPRINT
             TABLE 127 PIPE INSULATION MARKET: APPLICATION FOOTPRINT
             TABLE 128 PIPE INSULATION MARKET: REGION FOOTPRINT
     10.5 COMPANY EVALUATION MATRIX (TIER 1)
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
                       FIGURE 53 COMPANY EVALUATION QUADRANT FOR PIPE INSULATION MARKET (TIER 1)
     10.6 COMPETITIVE BENCHMARKING
            TABLE 129 PIPE INSULATION MARKET: DETAILED LIST OF KEY START-UPS/SMES
            TABLE 130 PIPE INSULATION MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     10.7 START-UPS/SMES EVALUATION QUADRANT
             10.7.1 RESPONSIVE COMPANIES
             10.7.2 DYNAMIC COMPANIES
             10.7.3 STARTING BLOCKS
                        FIGURE 54 START-UPS/SMES EVALUATION QUADRANT FOR PIPE INSULATION MARKET
     10.8 COMPETITIVE SITUATION AND TRENDS
             10.8.1 PRODUCT LAUNCHES
                       TABLE 131 PIPE INSULATION MARKET: PRODUCT LAUNCHES (2018–2021)
             10.8.2 DEALS
                       TABLE 132 PIPE INSULATION MARKET: DEALS (2018–2022)
             10.8.3 OTHER DEVELOPMENTS
                       TABLE 133 PIPE INSULATION MARKET: EXPANSIONS, INVESTMENTS, AND INNOVATIONS (2018– 2022)

11 COMPANY PROFILES (Page No. - 158)
     11.1 MAJOR PLAYERS
(Business overview, Products offered, Recent developments, Deals, Other developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats)*
             11.1.1 SAINT-GOBAIN S.A.
                        FIGURE 55 SAINT-GOBAIN S.A.: COMPANY SNAPSHOT
                        TABLE 134 SAINT-GOBAIN S.A.: COMPANY OVERVIEW
             11.1.2 BASF SE
                        FIGURE 56 BASF SE: COMPANY SNAPSHOT
                        TABLE 135 BASF SE: COMPANY OVERVIEW
             11.1.3 ROCKWOOL A/S
                        FIGURE 57 ROCKWOOL A/S: COMPANY SNAPSHOT
                        TABLE 136 ROCKWOOL A/S: COMPANY OVERVIEW
             11.1.4 COVESTRO AG
                        FIGURE 58 COVESTRO AG: COMPANY SNAPSHOT
                        TABLE 137 COVESTRO AG: COMPANY OVERVIEW
             11.1.5 OWENS CORNING
                        FIGURE 59 OWENS CORNING: COMPANY SNAPSHOT
                        TABLE 138 OWENS CORNING: COMPANY OVERVIEW
             11.1.6 HUNTSMAN CORPORATION
                        FIGURE 60 HUNTSMAN CORPORATION: COMPANY SNAPSHOT
                        TABLE 139 HUNTSMAN CORPORATION: COMPANY OVERVIEW
             11.1.7 KINGSPAN GROUP PLC
                        FIGURE 61 KINGSPAN GROUP PLC: COMPANY SNAPSHOT
                        TABLE 140 KINGSPAN GROUP PLC.: COMPANY OVERVIEW
             11.1.8 ARMACELL
                        FIGURE 62 ARMACELL: COMPANY SNAPSHOT
                        TABLE 141 ARMACELL: COMPANY OVERVIEW
             11.1.9 JOHNS MANVILLE
                       TABLE 142 JOHNS MANVILLE: COMPANY OVERVIEW
             11.1.10 KNAUF INSULATION
                       TABLE 143 KNAUF INSULATION: COMPANY OVERVIEW
     11.2 OTHER KEY MARKET PLAYERS
             11.2.1 L'ISOLANTE K-FLEX S.P.A.
                       TABLE 144 L'ISOLANTE K-FLEX S.P.A.: COMPANY OVERVIEW
             11.2.2 MORGAN ADVANCED MATERIALS LLC
                       TABLE 145 MORGAN ADVANCED MATERIALS LLC: COMPANY OVERVIEW
             11.2.3 NUTEC FIBRATEC
                       TABLE 146 NUTEC FIBRATEC: COMPANY OVERVIEW
             11.2.4 WINCELL INSULATION
                       TABLE 147 WINCELL INSULATION: COMPANY OVERVIEW
             11.2.5 NMC INTERNATIONAL SA
                       TABLE 148 NMC INTERNATIONAL SA: COMPANY OVERVIEW
             11.2.6 ODE INSULATION
                       TABLE 149 ODE INSULATION: COMPANY OVERVIEW
             11.2.7 GILSULATE INTERNATIONAL, INC.
                       TABLE 150 GILSULATE INTERNATIONAL, INC.: COMPANY OVERVIEW
             11.2.8 SEKISUI FOAM AUSTRALIA
                       TABLE 151 SEKISUI FOAM AUSTRALIA: COMPANY OVERVIEW
             11.2.9 HUAMEI ENERGY-SAVING TECHNOLOGY GROUP CO., LTD
                       TABLE 152 HUAMEI ENERGY-SAVING TECHNOLOGY GROUP CO., LTD: COMPANY OVERVIEW
             11.2.10 DOW IZOLAN
                       TABLE 153 DOW IZOLAN: COMPANY OVERVIEW
             11.2.11 CELLOFOAM INTERNATIONAL GMBH & CO. KG
                       TABLE 154 CELLOFOAM INTERNATIONAL GMBH & CO. KG: COMPANY OVERVIEW
             11.2.12 GREAT LAKES TEXTILES
                       TABLE 155 GREAT LAKES TEXTILES: COMPANY OVERVIEW
             11.2.13 GULF COOL THERM FACTORY LLC
                       TABLE 156 GULF COOL THERM FACTORY LLC: COMPANY OVERVIEW

*Details on Business overview, Products offered, Recent developments, Deals, Other developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.

12 ADJACENT & RELATED MARKETS (Page No. - 195)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 INDUSTRIAL INSULATION MARKET
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
     12.4 INDUSTRIAL INSULATION MARKET, BY REGION
             TABLE 157 INDUSTRIAL INSULATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
             12.4.1 NORTH AMERICA
                        TABLE 158 NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                        TABLE 159 NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2017–2024 (USD MILLION)
                        TABLE 160 NORTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
             12.4.2 EUROPE
                        TABLE 161 EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                        TABLE 162 EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2017–2024 (USD MILLION)
                        TABLE 163 EUROPE: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
             12.4.3 ASIA PACIFIC
                        TABLE 164 ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                        TABLE 165 ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2017–2024 (USD MILLION)
                        TABLE 166 ASIA PACIFIC: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
             12.4.4 MIDDLE EAST & AFRICA
                        TABLE 167 MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                        TABLE 168 MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2017–2024 (USD MILLION)
                        TABLE 169 MIDDLE EAST & AFRICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
             12.4.5 SOUTH AMERICA
                        TABLE 170 SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                        TABLE 171 SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY MATERIAL, 2017–2024 (USD MILLION)
                        TABLE 172 SOUTH AMERICA: INDUSTRIAL INSULATION MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)

13 APPENDIX (Page No. - 203)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the market size for the pipe insulation market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The pipe insulation market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of cleaning products and cosmetics. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Breakdown of Primary Participants

Pipe Insulation Market Size, and Share

Notes: Other designations include sales managers, marketing managers, and product managers.

Tier 1: > USD 5 billion; Tier 2: USD 1 billion–USD 5 billion; and Tier 3: < USD 1 billion.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach was used to estimate and validate the total size of the pipe insulation market.

Extensive secondary and primary research has been carried out to understand the global market scenario for various material of pipe insulation.
Several primary interviews have been conducted with key opinion leaders related to pipe insulation manufacturing and development.
The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the construction and Oil & gas industry.

Report Objectives

To analyze and forecast the size of the pipe insulation market in terms of value
To provide detailed information regarding key factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the market
To define, describe, and segment the pipe insulation market based on material type and application.
To forecast the size of the market segments for regions such as.
To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
To identify and analyze opportunities for stakeholders in the market
To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report: