Americas Pipe Insulation Market to Reach $3.91 Billion by 2030 – ResearchAndMarkets.com

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The market size for pipe insulation in America is expected to reach USD 3.91 billion by 2030. The market is expected to grow at a CAGR of 5.2% from 2022 to 2030. This growth is attributed to the growth of the chemical processing industry and increasing green building trends.

Increasing urbanization in Latin American countries has boosted the green building market in the region. As groups invest thousands of dollars to make public and private buildings more energy efficient, the pipe insulation market is expected to take off. Rapid population growth, energy spending and weather changes all point to the need to change the way buildings and processes are designed, with a key focus on insulation.

Due to the strict regulations for traditional insulation products, such as Recyclable insulation is also growing in popularity, for example plastic foams, as it becomes more important for homeowners, architects and EPC contractors to install “green products”. These green products promote environmental awareness and are biodegradable and recyclable.

The market is highly fragmented due to the presence of numerous established industry players. Market participants are heavily focused on offering their customers environmentally friendly and diversified product portfolios. Furthermore, maintaining competitive prices is another strategy employed by companies to gain a competitive advantage over other market players.

Highlights of the America Pipe Insulation market report

  • The industrial applications segment accounted for the largest share in 2021 at 38.5%. This is due to the growing demand for piping systems in various industries including oil and gas, petrochemical, power generation and chemical processing plants

  • Polyurethane and polyisocyanurate foam dominated the market in 2021 and is expected to reach $1,126.8 million by 2030. This is because polyurethane foam pipe insulation systems are suitable for a range of applications including small sanitary pipes as well as large refrigeration vessels

  • The North American Pipe Insulation Market in the Americas is expected to reach US$3,218.4 million by 2030. This is due to the growing domestic consumption of food and beverage and pharmaceutical products, which is driving investment in their respective manufacturing sectors, thereby driving the demand for process pipe and process pipe pipe insulation materials

  • The US accounted for US$1.43 billion in 2021 and is expected to grow at a CAGR of around 5.6% over the forecast period. The reason for this is increasing investments in energy-efficient commercial and residential buildings

  • Pipe insulation is part of the green building trends that help reduce building energy consumption and save on energy bills. These characteristics further contribute to the growth of the pipe insulation market in America

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Summary

Chapter 3. Variables, Trends and Scope of Pipe Insulation Market in America

Chapter 4. Pipe Insulation Market in America: Material Estimates and Trend Analysis

Chapter 5. Pipe Insulation Market in America: Application Estimates and Trend Analysis

Chapter 6. Pipe Insulation Market in America: Regional Estimates and Trend Analysis

Chapter 7. Pipe Insulation Market in America: Competitive Analysis

Chapter 8. Company Profiles

companies mentioned

  • Armacell International

  • Lydall, Inc.

  • Kingspan Group

  • Owen Corning

  • Huntsman International LLC

  • Saint-Gobain Group

  • Rockwool International A/S

  • John Manville

  • knob insulation

  • BASF SE

  • Covestro AG

  • WINCELL INSULATION CO., LTD

  • Gilsulate International, Inc.

  • Sekisui Foam Australia

For more information about this report, visit https://www.researchandmarkets.com/r/g6da62

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