North America Pipe insulation By Product Type (Thin Films, Foils, Wraps, Rigid Insulated Products, Stone Wool Insulation Covers, Coating Material 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
North America Pipe Insulation Market Analysis and Size
The hot oil and gas mixture flows up from the wellhead and is routed through XMTs, manifolds, various critical instruments, spools, and flow lines before reaching the surface via the riser. To avoid the formation of hydrate plugs and wax build-up, insulation is required (paraffin). When the oil/gas composition is depressurized and exposed to low seawater temperature at the seabed, the formation of wax and hydrates begins. High-performance insulation materials are in high demand in the oil and gas industry, owing primarily to the growing demand for subsea pipeline applications.
Data Bridge Market Research analyses that the pipe insulation market to grow at a CAGR of 4.5% during the forecast period and would reach an estimated value of 4.63 billion in 2021 and will reach USD 6.58 billion by the end of the forecast period which is 2022-2029. Data Bridge Market Research report on pipe insulation materials market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Growing industrialization on a wider range is boosting the pipe insulation market on a wider range.
Market Definition
Pipe insulation are those that can operate at high temperatures. These materials contribute to improved performance, consistency, and safety. These are used in a variety of industries, including petrochemicals, ceramics, cement, iron and steel, powder metallurgy, and others.
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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, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Thin Films, Foils, Wraps, Rigid Insulated Products, Stone Wool Insulation Covers, Coating Material 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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U.S., Canada and Mexico
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Market Players Covered
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3M (U.S.), XPEL, Inc. (U.S.), Dow (U.S.), Eastman Chemical Company (U.S.), Hexis S.A.S (France),PremiumShield (U.S.) STEK-USA (U.S.), Reflek Technologies Corporation (U.S.), GRAFITYP (Belgium), ORAFOL Europe GmbH (Germany), DuPont (U.S.), DAIKIN (Japan)Optic Shield (Czechia), Solvay (Belgium), SCHWEITZER-MAUDUIT INTERNATIONAL, INC. (U.S.), Saint-Gobain (France) and Avery Dennison Corporation (U.S.)
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Opportunities
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Pipe Insulation Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Growing environmental concerns
The growing environmental awareness about greenhouse gas emissions is driving demand for high-performance insulation materials from end-use industries such as oil and gas, paint and coatings, building and construction, and others, because insulation acts as a barrier to heat flow and thus helps to reduce greenhouse gas emissions.
Growing demand from various end users
rising demand in the petroleum and chemical industries, where operating temperatures are very high, resulting in thermal heat loss, and proper insulated pipelines are required for safe transport and export of chemicals.
Opportunity
The rapid development of low bio-permanent materials, the emergence of applications in the aerospace and automotive industries, and the rise in concerns about energy conservation and greenhouse gas emissions across various countries are expected to provide a variety of growth opportunities for the high temperature insulation materials market during the forecast period.
Restraints
However, the carcinogenic nature of ceramic fibres and stringent regulations regarding the use of insulation materials are likely to act as key restraints on the high temperature insulation materials market growth rate in the forecast period of 2021 to 2028, whereas the various harmful effects as a result of exposure can challenge the growth..
This pipe insulation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 take an informed market decision to achieve market growth.
Post COVID-19 Impact on Pipe Insulation Market
The pipe insulation materials market was impacted in a variety of ways as a result of the Covid-19 pandemic. Various legal restrictions existed around the world, which had a significant impact on the demand and growth of the pipe insulation market. Production and sales activities were significantly disrupted, slowing the growth of the pipe insulation market. However, the pipe insulation market grew steadily by the end of 2020 and is expected to grow further and cover the industry's loss by the end of 2022.
North America Pipe Insulation Market Scope
The pipe insulation market is segmented on the basis of product type, material type, temperature and application. The growth amongst these segments will help you analyze 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
- Thin films
- Foils
- Wraps
- Rigid insulated products
- Stone wool insulation covers
- Coating material
- Others
Material type
- Rockwool
- Fiberglass
- Polyurethane
- Polystyrene
- Polyolefin
- Polypropylene
- Polycarbonate
- Polyvinyl chloride
- Urea formaldehyde
- Phenolic foam
- Elastomeric foam
- Others
Temperature
- Hot insulation
- Cold insulation
Application
- Building and construction
- Electronics
- Chemical industry
- Energy & power
- Oil and gas
- Automotive
- Transportation
- Food and beverage
- Others
Pipe Insulation Market Regional Analysis/Insights
The pipe insulation market is analysed and market size insights and trends are provided by country product type, material type, temperature and application as referenced above.
The countries covered in the Pipe insulation market report are U.S., Canada, Mexico,
U.S. in North America is dominating due to rising demand in the petroleum and chemical industries, where operating temperatures are very high, resulting in thermal heat loss, and proper insulated pipelines are required for safe transport and export of chemicals.
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 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 North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pipe Insulation Market Share Analysis
The Pipe insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Pipe insulation market.
Some of the major players operating in the pipe insulation market are:
- 3M (U.S.)
- XPEL, Inc. (U.S.)
- Dow (U.S.)
- Eastman Chemical Company (U.S.)
- Hexis S.A.S (France)
- PremiumShield (U.S.)
- STEK-USA (U.S.)
- Reflek Technologies Corporation (U.S.)
- GRAFITYP (Belgium)
- ORAFOL Europe GmbH (Germany
- DuPont (U.S.)
- DAIKIN (Japan)
- Optic Shield (Czechia)
- Solvay (Belgium)
- SCHWEITZER-MAUDUIT INTERNATIONAL, INC. (U.S.)
- Saint-Gobain (France)
- Avery Dennison Corporation (U.S.)
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