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Aug-2019
The Ultimate Guide to Pipe Insulation Market
The high demand for Pipe insulation markets in the industrial application is the driver to the global Pipe Insulation market. The non-flammable and compressive strength nature of the Rockwool insulations which are environmentally friendly is also a driving factor to the growth of the global market for the Pipe insulation market.
Introduction:
Pipe insulation is a process of pipe insulation using a combination of materials protecting the pipes. It also prevents heat gain or heat loss from pipe surfaces and helps maintain temperature.
Overall Market Growth:
The global pipe insulation market may have risen steadily over the past two years due to strong growth in the construction, industrial, and agricultural sectors. Foam envelopes, some coatings, flexible films, and other rigid insulating materials are used in the process of insulating pipes to protect them not only from heat but also from water or moisture, corrosion, chemical interactions or other damage and fractures. Insulation products are widely used in many industries, such as paper, agriculture, automotive, chemicals, and construction. Pipe insulation products can be rigid or flexible. The raw materials used in the manufacture of insulation products are fiberglass, wool, polyethylene, rubber, wood, and aluminum foil.
The insulation is mainly made to slow down the heat flow. The insulation of the pipe is carried out in places where the operating temperature is higher or lower than the ambient temperature. Industrial pipe insulation is designed to save energy by reducing heat loss or gain. This is also done to prevent the condensation of water vapor on the surface, which can cause corrosion. The insulation prevents energy transfer by conduction and maintains the ambient temperature, which will significantly increase the efficiency of operation. Apart from this, the industrial insulation of the pipes also controls the temperature of the surface for the protection of the personnel. The industrial insulation of the pipes also prevents or limits the damage of the equipment due to the corrosive atmosphere, as well as the warming of the environment due to the radiant heat of the heated pipe.
Market Forecast:
APAC is expected to represent the majority of the pipe insulation market during the forecast period.
It is estimated that ACPA is the largest pipeline insulation market in 2018 and is expected to continue to dominate this market until 2023 due to the growth of industries in the emerging economies of the region, such as China and Japan. 'India. Increasing per capita disposable income, rapid urbanization, and growing demand for neighborhood energy systems are expected to spur the growth of the pipe insulation market. Besides, strong growth in various sectors, such as pharmaceuticals, food processing, and chemicals, is expected to boost demand for pipe insulation in the region.
The Asia-Pacific region is an essential market in terms of growth in the industrial pipe insulation market due to the substantial growth of the chemical industry, the polymer industry, etc. in countries like India and China. Asia-Pacific is followed by North America and Europe, which also plays an essential role in the industrial pipe insulation market, mainly due to growth in the construction sector in these regions.
Recent Scenarios:
- In October 2018, Saint-Gobain acquired 100% of the capital of Kaimann GmbH International, one of Europe's leading manufacturers of elastomeric insulation products.
- In November 2016, Rockwool acquired Flumroc AG (Switzerland), a rock wool producer. This acquisition should help the company expand into the pipe insulation market.
- In April 2017, Owens Corning introduced Thermafiber's first and only light density mineral wool insulation without formaldehyde.
- In May 2018, Huntsman announced plans to build a new House of Polyurethanes Systems in Dubai. Polyurethanes are used to make pipe insulation products. This expansion should help the company strengthen its market position in the Middle East.
Global Pipe Insulation Market: Key Trends
The imposition of strict regulations on pipe insulation and the increase of oil production is generally considered to be the engine of the global market for pipe insulation. Constant fluctuations in temperature, contact with moisture and water, and chemical interactions cause damage to pipes without insulation and the materials that pass through them. The pipe insulation process also protects the pipes against breakage at the time of shipment. Provides support for pipes inside and out. The high compressive strength and non-flammability of insulating materials should boost the global pipe insulation market.
Increasing the number of applications for pipe insulation products in various end-use industries, raising awareness of workers' health and protecting the environment, would drive the growth of the global market for pipe insulation. Pipe insulation products provide manufacturing plants with efficiency and durability.
WRITTEN BY: Karthik Thelakula
Karthik Thelakula is a Content Writer in Market Data Forecast, one of the world’s leading research and consulting for various business domains, individuals and corporate clients.
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