Europe Pipe Insulation Market, By Product Type (Rigid Insulation Products, Stone Wool Insulation Covers, Coating Material, Thin Films, Wraps, Foils and Others), Material Type (Rockwool, Fiberglass, Polyurethane, Polystyrene, Polyolefin, Polypropylene, Polycarbonate, Polyvinyl Chloride, Urea Formaldehyde, Phenolic Foam, Elastomeric Foam and Others), Temperature (Hot Insulation and Cold Insulation), Application (Building and Construction, Electronics, Chemical Industry, Energy and Power, Oil and Gas, Automotive, Transportation, Food and Beverage and Others) - Industry Trends and Forecast to 2029.
Europe Pipe Insulation Market Analysis and Insights
Europe pipe insulation market is expected to reach USD 443,830.83 thousand by 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.7% in the forecast period of 2022 to 2029.
Europe pipe insulation market report provides details of major factors influencing the progress of the market (drivers, restraints, opportunities and industry-specific challenges) with respect to specific growth trends, upcoming prospects and contributions to the overall market to forecast the size of the market segments with respect to the Europe region. Other than that, it also gives us information about how to strategically profile the major players and how one can broadly analyze their market shares and core competencies for different countries in Europe, to track and analyze competitive developments such as joint ventures, mergers and acquisitions, new product development, expansions and research and development activities in the Europe pipe insulation market.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 – 2014)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Product Type (Rigid Insulation Products, Stone Wool Insulation Covers, Coating Material, Thin Films, Wraps, Foils and Others), Material Type (Rockwool, Fiberglass, Polyurethane, Polystyrene, Polyolefin, Polypropylene, Polycarbonate, Polyvinyl Chloride, Urea Formaldehyde, Phenolic Foam, Elastomeric Foam and Others), Temperature (Hot Insulation and Cold Insulation), Application (Building and Construction, Electronics, Chemical Industry, Energy and Power, Oil and Gas, Automotive, Transportation, Food and Beverage and Others)
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Countries Covered
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Germany, France, U.K., Russia, Italy, Spain, Belgium, Netherlands, Switzerland, Turkey and Rest of Europe
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Market Players Covered
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Kingspan Group, Saint-Gobain, Covestro AG, Knauf Insulation, BASF SE, Dow Izolan (a subsidiary of DOW), Huntsman International LLC, Owens Corning, Johns Manville, Cellofoam GmbH & Co. KG, L'ISOLANTE K-FLEX S.P.A., 3M, NMC SA, ROCKWOOL International A/S, DUNMORE, ARMACELL and Röchling SE & Co. KG among others
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Market Definition
Appropriate insulation around pipes limits heat moving around the pipe and gives a fume hindrance against moisture, which improves the thermal efficiency of the buildings and other industries and gives them lifelong protection again atmosphere and corrosion. Ineffectively insulated pipes enable water to consolidate, which leaves pipes powerless to standing water that can freeze in a cold climate.
Thin Films: Thin film materials have low thermal conductivity and they are widely used in pipe insulation to prevent the risk of corrosion under insulation.
Foils: Foil pipe insulation is used to prevent heat loss from the surface of hot and cold pipes. It can help dampen sounds and vibrations in industries.
Wraps: Wraps are used to cover the pipelines to protect them from outside temperature and heat.
Rigid Insulation Products: Rigid insulation products consist of fiberglass or mineral wool products used to insulate the pipes on a wider range to minimize the heat loss from the pipe surface.
Coating Material: Coating materials have high density and low thermal conductivity used to control the heat transfer through the pipe surface.
Europe Pipe Insulation Market Dynamics
Drivers
- Industrial pipe insulation helps in minimizing heat losses in manufacturing sites
Mechanical insulation will prevent the loss and gain of heat by maintaining the overall temperature of the system and it also prevents the ratio of accidents and injuries such as burns if someone touches the pipe unknowingly. Pipe Insulation can be used indoors and outdoors on mechanical systems. It is also used in the exterior and interior walls of a building to provide resistance to heat losses by transferring exterior walls of a building and maintaining the inside temperature of the entire building. From the above information, it can be concluded that a substantial amount of heat is wasted daily in industrial sectors due to under-maintained, under-insulated and uninsulated heated and cooled surfaces. Proper insulation of different thermal pipe systems will reduce heat loss from different subsystems, such as connecting pipes and heat recovery equipment surfaces, which can make the working environment more comfortable and secure.
- Increasing supply of oil through pipelines owing to increased marine pollution caused by ships
Contamination of seawater due to oil pouring into seas which causes harm to the entire living as well as the non-living environment is termed an oil spill. Oil is among the most important energy sources in the world. The transportation of oil through ships from one county to another is a major trade sector. However, the transfer of oil through ships has resulted in several accidents in the past while transferring the oil to vessels, during transportation, breaking pipelines, as well as while drilling in the earth's crust.
Opportunities
- High demand for pipe insulation due to the growing chemicals and petrochemicals industry
The demand for petrochemical industries products such as chemicals, textiles, automotive, packaging and construction is increasing widely. Petrochemicals are the components derived from oil and gas that are used in all sorts of daily products, such as plastics, fertilizers, packaging, clothing, digital devices, medical equipment, detergents and tires. Plastics are the most commonly used product all over the world. Since it is a part of the chemical industry, these polymer materials are used in the construction, electronics, aerospace and transportation industries.
- Utilization of pipe insulation in the mechanical management of the food as well as the pharmaceutical industry
Pharmaceutical industries require a wide range of infrastructural activities. The heating and cooling of materials through the distillation and crystallization process require a high amount of energy. Industrial pipe insulation helps minimize the energy loss and provides the overall long-term benefits from it by saving the cost of heat loss and benefiting other system requirements.
The piping system plays a vital role in the entire manufacturing process in food as well as pharmaceutical industries, as in pipeline transportation, all hot & cold liquids, gases and other raw materials such as pesticides, pharmaceuticals, or items for chemical mixing take place. The most common chemicals used in the pharmaceutical and food industries are boric acid, sulfuric acid, phosphoric acid, citric acid, ammonium nitrate and fatty acids. All of these pipe systems need proper insulation because it helps in reducing heat loss while ensuring temperature stability.
Restraints/Challenges
- Fire and explosion due to chemicals reaction with insulating material in pipes
The type of insulating material used should depend upon what type of material is being transferred through the pipes. Sometimes the chemicals and oils which is transferred through the pipelines form a chemical reaction with the insulating material and may lead to fire and explosion. When flammable materials are being transferred through the pipes, there should be fire loops, automatic fire detectors with hydrants and monitors attached in the storage area to overcome the protection against electrostatic charges which can cause ignition.
The insulating material, such as polyurethane foam, can easily catch fire and explode the chemicals present in the pipes. Cellulose material catches fire while applied in the pipes to provide insulation. The fire caught due to the reaction between cellulose and the chemical present in the pipes cannot be extinguished completely.
- The availability of substitutes such as electric trace heating
Electric trace heating is a heated system used to properly maintain the heat flow of the pipeline systems in the form of electrical welding, which works by physical contact between the pipe and the electric arc. Electric trace heating is also known as thermal insulation, in which a large quantity of heat generated by the element then maintains the temperature of the pipe.
Trace heating is extensively used to protect pipes from getting frozen, maintain the entire system to keep in constant temperature and for safe and secure transfer of chemicals or substances that solidify at certain ambient temperatures. Electric trace heating cable can be divided into four distinct product classifications:
- Series circuit, Mineral insulated (MI) cables (constant watt output)
- Parallel circuit heating cables (constant watt output)
- Self-regulating heating cables (variable watt output)
High cost and high time consumption in replacement of insulating material for pipes installed in sea and underground
Today, pipe insulation is an energy conservation measure that is used to maintain the flow of heat within the pipes and maintain the overall temperature of it. Whether the pipe insulation is underground or above the surface, its installation is the biggest challenge for consumers because it requires a high range of investment costs for its proper functioning.
According to the paper published by the Swiss Federal Office of Energy (an economic assessment based on the establishment of a pipeline), the contribution of an annuity of 5.1 % p.a. revealed that the total heat distribution cost of a pipeline is 2.16 Euro cents per kWh. The heat delivered to the consumers through it is for optimized pipe diameter, the cost for which is double of it. The total costs of the establishment of pipelines are clearly dominated by the capital costs representing a share of 62%, while the fuel cost is 4.0 c/kWh.
During the construction of pipelines, a proper lookout is necessary because once the construction is done and if some fault is found afterward, then re-construction takes lots of time and even more investment. Through the above information, it is clear that the investment in pipe insulation is a tough job and accurate measures were taken while setting up the pipelines because the reinstallation will account for double the charge, which is difficult for the consumers to pay.
Recent Development
- In July 2022, Oleon signed a land acquisition agreement with Central Spectrum. It was an important milestone for Oleon's continued growth in Malaysia. This will enhance the company to grow and expands its facilities
Europe Pipe Insulation Market
Europe pipe insulation market is categorized into four notable segments, which are based on the basis of product type, material type, temperature and application.
By Material Type
- Polyurethane
- Rockwool
- Fiberglass
- Polystyrene
- Expanded
- Extruded
- Polyolefin
- Polypropylene
- Polycarbonate
- Polyvinyl chloride
- Urea-formaldehyde
- Phenolic foam
- Elastomeric foam
- Others
On the basis of material type, the market is segmented into rock wool, fiberglass, polyurethane, polystyrene, polyolefin, polypropylene, polycarbonate, polyvinyl chloride, urea formaldehyde, phenolic foam, elastomeric foam and others.
By Product Type
- Rigid insulation products
- Stone wool insulation covers
- Coating material
- Thin films
- Wraps
- Foils
- Others
On the basis of product type, the market segmented thin films, foils, wraps, rigid insulated products, stone wool insulated covers, coating material and others.
By Application
- Oil and gas
- Chemical industry
- Food and beverage
- Building and construction
- Energy & power
- Electronics
- Automotive
- Transportation
- Others
On the basis of application, the market is segmented into building and construction, electronics, chemical industry, energy & power, oil and gas, automotive, transportation, food and beverage and others.
By Temperature
- Hot insulation
- Cold insulation
On the basis of temperature, the market is segmented into hot and cold insulation.
Europe Pipe Insulation Market Regional Analysis/Insights
Europe pipe insulation market is segmented on the basis of product type, material type, temperature and application.
The countries in the Europe pipe insulation market are Germany, France, U.K., Russia, Italy, Spain, Belgium, Netherlands, Switzerland, Turkey and Rest of Europe.
In 2022, Germany is expected to dominate the Europe pipe insulation market as the demand for chemical products and oil & gas is very high because large underground pipelines are required to export the substances from one place to another to fulfil the growing demand of the consumers.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter's five forces analysis and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing a forecast analysis of the country data.
Competitive Landscape and Europe Pipe Insulation market
Europe pipe insulation market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the Europe pipe insulation market.
Some of the prominent participants operating in the Europe pipe insulation market are Kingspan Group, Saint-Gobain, Covestro AG, Knauf Insulation, BASF SE, Dow Izolan (a subsidiary of DOW), Huntsman International LLC, Owens Corning, Johns Manville, Cellofoam GmbH & Co. KG, L'ISOLANTE K-FLEX S.P.A., 3M, NMC SA, ROCKWOOL International A/S, DUNMORE, ARMACELL and Röchling SE & Co. KG among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Apart from this, data models include vendor positioning grids, market timeline analysis, market overview and guide, company positioning grids, company market share analysis, standards of measurement, Europe Vs. regional and vendor share analysis. Please request an analyst call in case of further inquiry.
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