New York, NY -- (SBWIRE) -- 12/28/2020 -- The pipe insulation market is set to attain a valuation of USD 11.28 billion by 2026, registering a CAGR of 3.6%. Pipe insulation is a protective coating used to conserve energy by minimizing heat loss, especially under extreme temperatures. The applications of pipe insulation are widespread in several industries including agriculture to chemical industries, constructions and oil rigs.

Market Drivers
The major driving force for the development of the pipe insulation market is the development of firms that requires a network of pipelines for the smooth and safe flow of inflammable material or toxic matter. The market is also driven by the increase in awareness among governments, employees and employers about the necessity to work in a hazard-free and safe environment. For instance, it is necessary to insulate pipeline while shipment of oil to prevent breakage. Heat control and energy conservation is the popularly known application having 54% of the market share.

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Companies profiled in the market:
Saint Gobain, Owens Corning, Rockwool International, Kingspan Group, Huntsman Group, BASF SE, Paroc Group Johns Manville, Aramcell and K- flex.

Regional Analysis
According to the reports, the Asia Pacific region is expected to market high gains in terms of market shareholding 36% of the market. This is due to the huge investments in emerging economies including India and China and newer industries are coming up. The LDPE-based pipe was introduced in Europe region for hot water and heating systems as manufacturers of the region are looking for innovative solutions.

Type (Revenue, USD Million; 2016–2026)
- Fibreglass
- Rock wool (Mineral wool)
- Elastomeric Foam
- Polyurethane Foam
- Others

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End Use (Revenue, USD Million; 2016–2026)
- Industrial segment
- Oil and refineries
- district energy systems
- building & construction
- others

Applications (Revenue, USD Million; 2016–2026)
- Temperature control
- personal protection
- Prevention of corrosion.
- Prevent heat loss.
- Others

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Key Points Covered in the Report:
- Detailed overview of the Pipe Insulation market to assist clients and businesses in making crucial decisions
- Latest and emerging trends influencing the growth of the market
- Market concentration, production and consumption ratio, demand & supply analysis, and import/export
- Trends, challenges, threats, and opportunities impacting the development and market size
- SWOT analysis of each major market player along
- In-depth analysis of major market players with detailed portfolios of their products, production capacity, revenue estimation, and gross margin
- Strategic recommendations to the new entrants as well as established companies to make beneficial business decisions

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