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City of Industry, CA -- (SBWIRE) -- 06/28/2018 -- This report studies the global Pipe Insulation industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.
Pipe Insulation is thermal or acoustic insulation used on pipework.
Most power plant piping systems are used to convey substances that are at temperatures much higher than that of the surrounding air. In order to reduce the amount of heat lost to the surrounding air from the hot substance, the piping is covered with insulation. The insulation not only retains the heat in the hot lines but also prevents the temperature inside the power plant building from becoming uncomfortably high. In addition, insulation of hot pipe lines will prevent injury to personnel due to contact with the bare surfaces of the pipe.
In the coming years there is an increasing demand for pipe insulation in the regions of North America and Europe that is expected to drive the market for more advanced pipe insulation. Increasing of construction fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on general industry, retrofitting and renovation of old technology, increasing adoption of pipe insulation will drive growth in China markets.
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Globally, the pipe insulation industry market is low concentrated as the manufacturing technology of pipe insulation is relatively matures than some high-tech equipment. And some enterprises, like Owens Corning, Armacell, Johns Manville, Rockwool and Knauf Insulation, etc. are well-known for the wonderful performance of their pipe insulation and related services. At the same time, Europe, occupied 34.58% production market share in 2017, is remarkable in the global pipe insulation industry because of their market share and technology status of pipe insulation.
The consumption volume of pipe insulation is related to downstream construction market and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of pipe insulation industry may not keep that fast. But it is surely forecasted that the market of pipe insulation is still promising.
The global Pipe Insulation market is valued at 2320 million USD in 2017 and is expected to reach 3130 million USD by the end of 2025, growing at a CAGR of 3.8% between 2018 and 2025.
This research report categorizes the China and global Pipe Insulation market by type, end-use industry, and region.
International Manufacturers Covered
Owens Corning
Johns Manville
ITW
Armacell
Knauf Insulation
K-flex
Rockwool
Kingspan
Paroc Group
ODE YALITIM
Frost King
Nomaco
Aeromax
China Local Manufacturers Covered
Wincell
...
By Type
Rock Wool
Fiberglass
Polyurethane Pipe
Calcium Silicate
Others
By Application
District Heating and Cooling
Oil and Gas
Industrial Pipelines
Cryogenic
Others
By Region
United States
Europe
Japan
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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.