Global Pipe Insulation Market is expected to grow with the CAGR of 5.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global pipe insulation market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in global Pipe Insulation Market are introducing strong range of product portfolio. This has helped company to maximize the sales with enhanced product portfolio. For instance, In October 2018, Saint-Gobain acquired Kaimann, European manufacturers of elastomeric insulation products. Through this acquisition the company aims to expand its production capacity and range of insulating solutions.

3M is the dominating player in global pipe insulation market. The other key players existing in the market includes Kingspan Group, Saint-Gobain, Covestro AG., Knauf Insulation, BASF SE, DOW, Huntsman International LLC, Owens Corning, armacell, Johns Manville, Cellofoam GmbH & Co. KG, All American Insulation Services, Inc., L'ISOLANTE K-FLEX S.p.A, NMC sa, ROCKWOOL International A/S, Röchling, DUNMORE., Synavax, Great Lakes Textiles, GILSULATE INTERNATIONAL, INC, Commercial Thermal Solutions, Inc. PolarClad Tank Insulation, Gulf Cool Therm Factory LTD, Mayes Coatings & Insulation, Inc.

3M

3M headquartered in Minnesota, U.S which was founded in 1902. The company is engaged in manufacturing of various products such as adhesives, tapes, decorative items among others, the company has business segments such as industrial, safety and graphics, health care, electronics and energy, consumer. Market focus segment is industrial. Product categories are segmented into products for business, products for consumers.

For Instance,

• In May, 3M acquired Acelity Inc. through this acquisition the company aims to expand its product portfolio in the market

The company has wide global presence across the globe such as Americas, Middle East and Africa, Asia-Pacific, Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as 3M Japan Ltd (Japan), 3M India ltd (India), 3M Canada (Canada), 3M Thailand ltd (Thailand), 3M Russia (Russia) and others.

Saint-Gobain

Saint-Gobain is headquartered in Courbevoie, France which was founded in 1665. The company designs, produces and distributes materials that creates great living places and improve daily life. The company has business segments which are innovative materials, construction products, building distribution, others among which construction products and building distribution is market focused segment.

For Instance,

• In October 2018, Saint-Gobain acquired of Kaimann, European manufacturers of elastomeric insulation products. Through this acquisition the company aims to expand its production portfolio in the market

The company has wide global presence in Northern Europe, Southern Europe-MEA, Americas, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Placoplatre (France), CertainTeed Corporation (U.S.), Jewson (U.K.), Saint-Gobain Rigips (Germany), British Gypsum (U.K.), Norton Abrasives (U.S.) among others.

Dow Izolan

Dow Incorporated has headquartered in Vladimir, Russia and it was established in year 2006. The company is engaged in sustainable material sciences. The company offers wide range of product categories such as engineering elastomers & coatings, infrastructure, furniture industry, footwear industry, construction, pipe insulation, transportation, household & refrigeration equipment which pipe insulation is market focused category.

For instance,

• In September 2017, Dow started new startup of Ethylene Production Facility and ELITE Polyethylene Unit in Texas. This start up helps to expand company product portfolio and capture the more market share

The company has presence in Americas, Europe, Middle East & Africa and Asia-Pacific.