Pipe Insulation Market by Material Type, Application, and Region - Global Forecast to 2027 (Business Opportunities - Advertising Service)

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Pipe Insulation Market by Material Type, Application, and Region - Global Forecast to 2027

The Global Pipe Insulation Market will grow to USD 2.6 Billion by 2027, at a CAGR of 3.8% from USD 2.2 Billion in 2022. Pipe insulation is composed of materials or a combination of materials, which adds a protective covering to pipes and reduces the heat loss or heat gain from surfaces operating at temperatures above or below the surrounding temperatures. It prevents the formation of condensation on pipework, and thus acts as a protective barrier against moisture, which can build up inside a pipe, leading to various types of corrosion. The pipe insulation is used in many applications such as industrial, oil, district energy systems, building & construction, and others.
Based on material type, the pipe insulation market is segmented into rockwool, fiberglass, polyurethane (PUR) & polyisocyanurate (PIR) foam, fiberglass, elastomeric foam, and others. The major drivers of the pipe insulation market are the growth in oil and gas demand, development of green buildings, stringent regulatory environment, and reduction in energy consumption and its related cost. Availability of green insulation material creates an opportunity for the manufacturers of pipe insulation. On the other hand, volatile prices of plastic foams is a key restraint for the market, and corrosion under insulation is a challenge for the manufacturers leading to health and safety related incidents

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Target State: Maharashtra
Target City : Navi Mumbai
Last Update : 19 October 2022 2:00 PM
Number of Views: 35
Item  Owner  : vidhya
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2023-04-01 (0.412 sec)