Global Pipe Insulation Market is expected to rise from its initial estimated value of USD 8.75 billion in 2018 to an estimated value of USD 11.49 billion by 2026, registering a CAGR of 3.47% in the forecast period of 2019-2026.
Key Market Competitors:
Few of the major competitors currently working in pipe insulation market are Armacell, Kingspan Group, Owens Corning, Saint-Gobain, Huntsman International LLC, Johns Manville, Knauf Insulation., BASF SE, Covestro AG, ITW Insulation Systems, Inc., L'ISOLANTE K-FLEX S.p.A., wincellchina.com, NMC sa, GILSULATE INTERNATIONAL, INC, Sekisui Foam Australia, Kuwait Insulating Material Manufacturing Company, Paroc Group, ODE Insulation.
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Pipe insulation is the technique which is used to protect the pipe from heat, moisture, corrosion, chemicals, damages etc. Pipes are usually enclosed with materials like foam wraps, flexible films, coating etc. These days they are widely used in oil, district energy system, building and construction and other industries. Increasing oil and gas demand worldwide is fuelling the growth of this market.
Competitive Analysis:
Global pipe insulation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pipe insulation market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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