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Middle East and Africa Pipe Insulation Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Middle East and Africa Pipe Insulation Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • MEA
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Middle East and Africa Pipe Insulation Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 79,432.60 USD Thousand
Diagram Market Size (Forecast Year) USD 113,823.83 USD Thousand
Diagram CAGR %

Major Markets Players

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Middle East and Africa 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 2030.

Middle East and Africa Pipe Insulation Market

Middle East and Africa Pipe Insulation Market Analysis and Size  

Pipe insulation is insulating pipes with foam wraps, flexible films, coatings, or other rigid insulation products to protect them from heat, water or moisture, chemical interactions, corrosion, breakage, or damages during shipping. 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.

Data Bridge Market Research analyses that the pipeline insulation market, which was USD 79,432.60 thousand in 2022, would rocket up to USD 113,823.83 thousand by 2030 and is expected to undergo a CAGR of 4.60% during the forecast period. "Rigid Insulated Products" dominates the material type segment of the pipe insulation market due to their low thermal conductivity and extensive availability. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Middle East and Africa Pipe Insulation Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Thousand, Volumes in Tons, and Pricing in USD

Segments Covered

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)

Countries Covered

Saudi Arabia, South Africa, Egypt, Israel, U.A.E., and Rest of Middle East and Africa

Market Players Covered

Kingspan Group (Ireland), Saint-Gobain (France), Covestro AG. (Germany), Knauf Insulation (U.S.), BASF SE (Germany), DOW (U.S.), Huntsman International LLC (U.S.), Owens Corning (U.S.), ARMACELL (Germany), Johns Manville (U.S.), Cellofoam GmbH & Co. KG (Germany), L'ISOLANTE K-FLEX S.p.A (U.S.), 3M (U.S.), ROCKWOOL International A/S (Denmark), and Röchling (Germany)

Market Opportunities

  • High demand for pipe insulation due to growing chemicals and petrochemicals industry
  • Utilization of pipe insulation in the mechanical management of the food and pharmaceutical industry
  • Growing building construction industry

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 buildings and other industries. It provides them lifelong protection again the atmosphere and corrosion. Ineffectively insulated pipes enable water to consolidate, which leaves pipes powerless to standing water that can freeze in a cold climate.

Middle East and Africa Pipe Insulation Market Dynamics

Drivers

  • Growing building construction industry

The world's demand for pipe insulation is growing in a wider range in developing and developed countries. The products deployed in the insulation system would remain in place, continue to provide excellent performance and enhance the life span of the entire building.

China accounted for the largest insulation demand in the industrial and HVAC markets 2015. Some developed countries in Western Europe and North America contribute to demand for pipe insulation due to their wide construction activities and their highest per capita incomes, which will boost the market demand for pipe insulation products.

  • Industrial pipe insulation helps in minimizing heat losses in manufacturing sites

Heat waves always flow from high to lower temperatures until both surfaces' temperatures become equal or constant. It is transferred by three processes conduction, convection, and radiation. Industry pipe Insulation is typically used to reduce the heat loss or heat gain from the entire industrial system, achieve energy conservation, and increase the operating efficiency of HVAC pipes and entire plumbing.

  • Increasing supply of oil through pipe owing to increased marine pollution caused by ships

Contamination of seawater in seas which cause harm to the entire living and non-living environment, is termed an oil spill. Oil is among the most important energy sources in the world, which is the moisture of hydrocarbons made up of dead decade bodies of plants and animals that died thousands of years ago. Oil transportation through ships from one county to another is a major trade sector. However, oil transfer through ships can result in several accidents while transferring the oil to vessels, during transportation, breaking pipelines, and drilling in the earth's crust. The major oil spills receive considerable public attention because of the severe environmental damage caused by them. The acute effects may be short or long-term impacts depending on the circumstances of the spill and the numbers and types of organisms affected. Oil in the sea also causes problems when small amounts of oil are continuously released over long periods, resulting in chronic exposure of organisms to oil.

Opportunity

  • High demand for pipe insulation

High demand for pipe insulation due to the growing chemicals and petrochemicals industry will extend profitable opportunities for the market players from 2023 to 2030. The demand for Petrochemicals industries products such as chemicals, textiles, automotive, packaging, and construction are increasing widely. Petrochemicals are derived from oil and gas used in 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.

Restraint/Challenge

  • Environmental concerns related to pipe insulation

The damage caused to the environment due to construction of pipes and insulation is expected to obstruct market growth. Oil and petroleum hazardous waste that enter the ocean come from various sources, but the main source is accidental spills or leaks during oil transportation through pipelines. The oil will cause harm to entire marine life, such as marine birds, mammals, and sea turtles, and also can harm fish and shellfish. That oil also destroys the insulating capacity of fur-bearing mammals, such as sea horses and others, and the water-repelling abilities of sea mammals. Many marine animals swallow contaminated and poisonous chemicals due to leakage. Fire and explosion due to chemicals reaction with insulating material in pipes are projected to challenge the market in the forecast period of 2023-2030.

This pipe insulation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pipe insulation market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In May 2022, Saint-Gobain S.A. invested 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. entered into an agreement with Alghamin group for the acquisition of its 100% subsidiary, Rockwool India Pvt Ltd, a major manufacturer of stone wool in India with a range of insulation products for thermal, acoustic, and fire safety applications

Middle East and Africa Pipe Insulation Market Scope

The pipe insulation market is segmented on the basis of product type, material type, temperature, application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Rigid Insulation Products
  • Stone Wool Insulation Covers
  • Coating Material
  • Thin Films
  • Wraps
  • Foils
  • Others

Material Type

Temperature

  • Hot Insulation
  • Cold Insulation

Application

  • Building and Construction
  • Electronics
  • Chemical Industry
  • Energy and Power
  • Oil and Gas
  • Automotive
  • Transportation
  • Food and Beverage
  • Others

Pipe Insulation Market Regional Analysis/Insights

As referenced above, the pipe insulation market is analyzed, and market size insights and trends are by product type, material type, temperature, and application.

The countries covered in the pipe insulation market report are Saudi Arabia, South Africa, Egypt, Israel, U.A.E., and the rest of Middle East and Africa.               

Saudi Arabia dominates the pipe insulation market because of the highly manufactured and consumed in this country. Also, high innovations and development in the manufacturing of products is one of the major factors for the country's growth.

The country section of the report also provides individual market impacting factors and domestic regulation changes that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional 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 forecast analysis of the country data.   

Pipe Insulation Market Growth and New Technology Penetration

The pipe insulation market also provides you with detailed market analysis for every country's growth in automotive expenditure for capital equipment, installed base of different kinds of products for the pipe insulation market, the impact of technology using lifeline curves, and changes in regulatory scenarios and their impact on the pipe insulation market. The data is available for the historical period 2015-2020.

Competitive Landscape and Pipe Insulation Market Share Analysis

The pipe insulation market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies focusing on the market.

Some of the major players operating in the pipe insulation market are:

  • Kingspan Group (Ireland)
  • Saint-Gobain (France)
  • Covestro AG. (Germany)
  • Knauf Insulation (U.S.)
  • BASF SE (Germany)
  • Dow (U.S.)
  • Huntsman International LLC (U.S.)
  • Owens Corning (U.S.)
  • ARMACELL (Germany)
  • Johns Manville (U.S.)
  • Cellofoam GmbH & Co. KG (Germany)
  • L'ISOLANTE K-FLEX S.p.A (U.S.)
  • 3M (U.S.)
  • ROCKWOOL International A/S (Denmark)
  • Röchling (Germany)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by 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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The pipe insulation market value was USD 79,432.60 thousand in 2022.
The pipe insulation market is projected to grow at a CAGR of 4.6% during the forecast period of 2023-2030.
The pipe insulation market is segmented on the basis of product type, material type, temperature & application.
The countries covered in the pipe insulation market report are Saudi Arabia, South Africa, Egypt, Israel, U.A.E., and the rest of Middle East and Africa.
Saudi Arabia dominates the pipe insulation market because of the highly manufactured and consumed in this country.
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