パイプ用断熱材市場 – 2030年までの世界予測

Pipe Insulation Market - Global Forecast To 2030

パイプ用断熱材市場 - 材料タイプ(ロックウール、グラスウール、PU R / PIRフォーム、フェノールフォーム、エラストマーフォーム)、用途(工業、石油、ガス、地域エネルギーシステム、建築・建設)、地域別 - 2030年までの世界予測
Pipe Insulation Market by Material Type (Rock wool, Glass wool, PU R /PIR foam, Phenolic foam, Elastomeric foam), by Application (Industrial, Oil, Gas, District Energy Systems, Building & Construction), and Region - Global Forecast to 2030

商品番号 : SMB-22469

出版社MarketsandMarkets
出版年月2025年7月
ページ数247
図表数276
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、パイプ用断熱材市場を、コンポーネント、バリアタイプ、基材、最終用途産業、地域に基づいてセグメント化し、様々な地域における市場規模(千米ドル)を示しています。また、主要業界プレーヤーの詳細な分析を実施し、パイプ用断熱材市場に関連する各社の事業概要、サービス、主要戦略に関する洞察を提供しています。

The global pipe insulation market size is projected to reach USD 7,195.9 million in 2030 from USD 5,265.4 million in 2024, at a CAGR of 5.4% between 2025 and 2030. The growth of the pipe insulation market is benefiting from the growth of the green building movement, as energy efficiency and sustainability have grown priorities in the evolution of the construction industry. Green buildings operate to minimize energy use, decrease carbon footprint, and provide healthier indoor cradle-to-cradle spaces. Pipe insulation serves a key role in construction, creating reduced energy use, carbon footprint elimination, and an enhanced indoor environment. Insulation reduces heat loss or gain in plumbing, heating, ventilation, air conditioning, and mechanical systems, depending on the temperature differential between component systems. Enhancing a component’s thermal insulation affects energy use efficiency, temperature consistency, and heat/air conditioning loads, which lowers both energy bills and greenhouse gas emissions.

世界のパイプ用断熱材市場規模は、2024年の52億6,540万米ドルから2030年には71億9,590万米ドルに達し、2025年から2030年の間に5.4%のCAGRで成長すると予測されています。 パイプ断熱材市場の成長は、建設業界の進化においてエネルギー効率と持続可能性が優先事項となってきたことから、グリーンビルディング運動の成長から恩恵を受けています。 グリーンビルディングは、エネルギー使用量を最小限に抑え、二酸化炭素排出量を削減し、より健康的な屋内のゆりかごからゆりかごまでの空間を提供するために機能します。 パイプ断熱材は建設において重要な役割を果たし、エネルギー使用量の削減、二酸化炭素排出量の排除、屋内環境の改善を実現します。 断熱材は、配管、暖房、換気、空調、機械システムにおける熱の損失または増加を減らします。これは、コンポーネントシステム間の温度差によって異なります。コンポーネントの断熱性を高めることで、エネルギー使用効率、温度の一貫性、暖房/空調負荷に影響し、光熱費と温室効果ガス排出量の両方を削減します。

パイプ用断熱材市場 - 2030年までの世界予測
pipe-insulation-market-Overview

“The PU R/PIR foam material type segment is projected to register the third-highest CAGR of the pipe insulation market, in terms of value, during the forecast period.”

The PU (polyurethane) and PIR (polyisocyanurate) foam material category is anticipated to experience the third-highest CAGR in the pipe insulation market during the forecast period because of its excellent thermal performance, high mechanical strength, and working range of applications. The foams have low thermal conductivity, meaning they are very effective in using them to insulate for hot and cold applications in industrial, commercial, and district energy contexts. Although PU does offer low thermal resistance, PIR foams offer an even greater level of fire resistance and higher thermal stability than standard PU, which gives them an advantage in high-temperature applications in markets such as oil & gas or chemicals processing facilities.

As the market focuses on energy efficiency and emission reduction, the demand for insulation that delivers performance capability with reduced thickness is increasing, and PU R/PIR foams lend themselves to these pursuits. Furthermore, technology improvements have created more durable foam formulations and improved moisture resistance. The lightweight properties of PU R/PIR foams also appeal to market demand as they are always easy to handle and transportation is cheaper, especially in large industrial and infrastructure applications.

“The gas application segment is projected to register the third-highest CAGR of the pipe insulation market, in terms of value, during the forecast period.”

The gas application sector is predicted to grow at the third fastest rate in the pipe insulation market throughout the forecast period because of the increasing demand for natural gas worldwide and expanding gas infrastructure. Temperature stability in gas distribution and transmission systems is critical to avoid condensation or freeze, particularly in colder climates and high-pressure situations. Pipe insulation is key to operational efficiency, safety, and energy savings throughout the gas supply chain, from extraction to processing to transportation and distribution.

The increase in LNG (liquefied natural gas) projects in Asia Pacific, North America, and the Middle East and North Africa is also adding momentum for high-performance insulation material that can withstand very high temperatures while being cost-effective. Likewise, stringent regulations for emission control and pipeline safety are motivating gas companies to seek higher-performance insulation. With the growing investment in gas-based power generation and residential heating, the growth in this application segment will continue to grow steadily.

パイプ用断熱材市場 - 2030年までの世界予測 region
pipe-insulation-market-Region

“South America is projected to register the third-highest CAGR during the forecast period in the pipe insulation market, in terms of value.”

The pipe insulation market in South America is projected to have the third-largest CAGR during the forecast period, especially due to enhanced investments in infrastructure, energy, and industrial growth. Increased construction, urbanization, and energy demand in Brazil, Argentina, and Chile are driving the uptake of insulated piping systems. Growth in the oil & gas industry, particularly in offshore exploration and the growth of pipeline networks, is also stimulating demand for thermal insulation to improve operational efficiency and safety. Governments and regulatory bodies in South America are beginning to mandate energy efficiency standards and to promote sustainable development and construction practices. As there is an increased need for HVAC systems for residential and commercial buildings, driven by increasing temperatures and urban growth, there will be an increase in pipe insulation awareness and usage as part of energy performance values. With increased awareness of energy conservation and building performance efficiency, South America is quickly becoming a strategic area of demand for pipe insulation solutions.

  • By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
  • By Designation: Directors – 50%, Managers – 30%, and Others – 20%
  • By Region: North America – 40%, Europe – 35%, Asia Pacific – 20%, Rest of World – 5%

The report profiles key players including Saint-Gobain S.A. (France), BASF SE (Germany), Johns Manville (US), Owens Corning (US), Kingspan Group PLC (UK), Rockwool A/S (Denmark), Covestro AG (Germany), Huntsman Corporation (US), Armacell (Luxembourg), and Knauf Insulation (US).

パイプ用断熱材市場 - 2030年までの世界予測 ecosystem
pipe-insulation-market-Ecosystem

Research Coverage

This report segments the market for pipe insulation based on component, barrier type, substrate, end-use industry, and region and provides market size by value (USD thousand) across various regions. It has also conducted a detailed analysis of key industry players to provide insights into their business overviews, services, and key strategies associated with the market for pipe insulation.

Reasons to Buy this Report

This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the pipe insulation market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on pipe insulation offered by top players in the global market
  • Analysis of key drivers (growth in oil & gas demand, development of green buildings, stringent regulatory environment, and reduction in energy consumption and its related cost), restraints (Volatile prices of plastic foams), opportunities (Availability of green insulation material), and challenges (Corrosion under insulation leads to health and safety related incidents) influencing the growth of pipe insulation market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the pipe insulation market
  • Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for pipe insulation across regions.
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global pipe insulation market.
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the pipe insulation market.

Table of Contents

1               INTRODUCTION              24

1.1           STUDY OBJECTIVES       24

1.2           MARKET DEFINITION   24

1.3           STUDY SCOPE   25

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      25

1.3.2        INCLUSIONS AND EXCLUSIONS 26

1.3.3        YEARS CONSIDERED      28

1.4           CURRENCY CONSIDERED            28

1.5           STAKEHOLDERS               28

1.6           SUMMARY OF CHANGES               29

2               RESEARCH METHODOLOGY       30

2.1           RESEARCH DATA              30

2.1.1        SECONDARY DATA          31

2.1.1.1    Data from key secondary sources      31

2.1.2        PRIMARY DATA 31

2.1.2.1    Primary interviews – demand and supply sides                31

2.1.2.2    Key industry insights           32

2.1.2.3    Breakdown of primary interviews      32

2.2           MARKET SIZE ESTIMATION         33

2.2.1        BOTTOM-UP APPROACH              33

2.2.2        TOP-DOWN APPROACH                35

2.3           DATA TRIANGULATION                36

2.4           GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS                 37

2.4.1        SUPPLY SIDE     38

2.4.2        DEMAND SIDE  39

2.5           RESEARCH ASSUMPTIONS           39

2.6           RESEARCH LIMITATIONS             40

2.7           RISK ASSESSMENT           40

3               EXECUTIVE SUMMARY  41

4               PREMIUM INSIGHTS       44

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PIPE INSULATION MARKET   44

4.2           PIPE INSULATION MARKET, BY REGION                44

4.3           ASIA PACIFIC PIPE INSULATION MARKET, BY MATERIAL TYPE AND COUNTRY     45

4.4           PIPE INSULATION MARKET, APPLICATION VS. REGION                 45

4.5           PIPE INSULATION MARKET, BY KEY COUNTRY  46

5               MARKET OVERVIEW       47

5.1           INTRODUCTION              47

5.2           MARKET DYNAMICS       47

5.2.1        DRIVERS               48

5.2.1.1    Growth in oil & gas demand                48

5.2.1.2    Development of green buildings        48

5.2.1.3    Stringent regulatory framework regarding insulation

of piping systems  49

5.2.1.4    Reduction in energy consumption and related costs      50

5.2.2        RESTRAINTS      50

5.2.2.1    Volatile prices of plastic foams           50

5.2.3        OPPORTUNITIES              51

5.2.3.1    Availability of green insulation materials          51

5.2.4        CHALLENGES    51

5.2.4.1    Health- and safety-related incidents due to Corrosion Under Insulation (CUI)  51

5.3           PORTER’S FIVE FORCES ANALYSIS           52

5.3.1        THREAT OF NEW ENTRANTS      53

5.3.2        THREAT OF SUBSTITUTES          53

5.3.3        BARGAINING POWER OF BUYERS             53

5.3.4        BARGAINING POWER OF SUPPLIERS       53

5.3.5        INTENSITY OF COMPETITIVE RIVALRY 54

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA     54

5.4.1        KEY STAKEHOLDERS IN BUYING PROCESS           54

5.4.2        BUYING CRITERIA           55

5.5           MACROECONOMIC INDICATORS              55

5.5.1        GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES                 56

6               INDUSTRY TRENDS         57

6.1           SUPPLY CHAIN ANALYSIS             57

6.2           PRICING ANALYSIS          58

6.2.1        INDICATIVE SELLING PRICE TREND, BY REGION, 2022–2030        59

6.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            59

6.4           ECOSYSTEM ANALYSIS  60

6.5           TECHNOLOGY ANALYSIS             62

6.5.1        KEY TECHNOLOGIES     62

6.5.1.1    ECOSE technology               62

6.5.1.2    XPS foam technology           63

6.5.2        COMPLIMENTARY TECHNOLOGIES        64

6.5.2.1    Syntactic foam technology  64

6.6           CASE STUDY ANALYSIS 64

6.6.1        CASE STUDY ON ROCKWOOL INTERNATIONAL A/S                 64

6.6.2        CASE STUDY ON KNAUF GIPS KG              64

6.7           TRADE ANALYSIS             65

6.7.1        IMPORT SCENARIO (HS CODE 392119)    65

6.7.2        EXPORT SCENARIO (HS CODE 392119)    66

6.8           REGULATORY LANDSCAPE         67

6.8.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             67

6.8.2        REGULATORY FRAMEWORK       70

6.8.2.1    International Organization for Standardization (ISO)  70

6.9           KEY CONFERENCES AND EVENTS, 2025–2026        70

6.10         INVESTMENT AND FUNDING SCENARIO               71

6.11         PATENT ANALYSIS          72

6.11.1      APPROACH         72

6.11.2      DOCUMENT TYPES         72

6.11.3      TOP APPLICANTS            75

6.11.4      JURISDICTION ANALYSIS              77

6.12         IMPACT OF 2025 US TARIFF – OVERVIEW              78

6.12.1      INTRODUCTION              78

6.12.2      KEY TARIFF RATES          78

6.12.3      PRICE IMPACT ANALYSIS             79

6.12.4      IMPACT ON COUNTRY/REGION                79

6.12.4.1  US           79

6.12.4.2  Europe   79

6.12.4.3  Asia Pacific            80

6.12.5      IMPACT ON END-USE INDUSTRIES          80

6.13         IMPACT OF AI/GEN AI ON PIPE INSULATION MARKET                 81

7               PIPE INSULATION MARKET, BY MATERIAL TYPE                 84

7.1           INTRODUCTION              85

7.2           GLASS WOOL     86

7.2.1        HIGH USE IN COLD PIPE INSULATION APPLICATIONS TO DRIVE MARKET         86

7.3           ROCKWOOL       87

7.3.1        GROWING ADOPTION AS SUSTAINABLE INSULATION MATERIAL TO PROPEL MARKET               87

7.4           POLYURETHANE (PUR) & POLYISOCYANURATE (PIR) FOAM    88

7.4.1        INCREASING USE IN COLD INSULATION APPLICATIONS TO BOOST MARKET GROWTH   88

7.5           PHENOLIC FOAM             89

7.5.1        EXCELLENT THERMAL INSULATION, MOISTURE RESISTANCE, AND FIRE-RETARDANT PROPERTIES TO DRIVE DEMAND             89

7.6           ELASTOMERIC FOAM     90

7.6.1        HIGH ADOPTION IN BUILDING & CONSTRUCTION INDUSTRY TO DRIVE MARKET  90

7.7           OTHER PLASTIC FOAMS               91

7.8           OTHER MATERIAL TYPES             92

8               PIPE INSULATION MARKET, BY APPLICATION   94

8.1           INTRODUCTION              95

8.2           BUILDING & CONSTRUCTION   96

8.2.1        NEED TO SAVE COSTS AND PROVIDE THERMAL COMFORT TO DRIVE DEMAND 96

8.3           INDUSTRIAL      97

8.3.1        NEED FOR ENERGY CONSERVATION IN INDUSTRIAL FACILITIES TO FUEL DEMAND  97

8.4           OIL         98

8.4.1        HIGH OIL PRODUCTION IN MIDDLE EAST TO BOOST DEMAND             98

8.5           DISTRICT ENERGY SYSTEMS (DES)          99

8.5.1        NEED TO TRANSPORT THERMAL ENERGY ECONOMICALLY AND EFFICIENTLY TO END USERS TO DRIVE DEMAND             99

8.6           GAS        100

8.6.1        INCREASING SHALE GAS EXPLORATION IN NORTH AMERICA TO PROPEL DEMAND                100

8.7           OTHER APPLICATIONS 101

9               PIPE INSULATION MARKET, BY REGION                103

9.1           INTRODUCTION              104

9.2           NORTH AMERICA             105

9.2.1        US           109

9.2.1.1    High economic growth and regulatory framework to fuel demand                 109

9.2.2        CANADA               110

9.2.2.1    Growing commercial and residential construction to fuel demand                 110

9.2.3        MEXICO                111

9.2.3.1    Mandatory energy efficiency standards to drive market 111

9.3           WESTERN EUROPE          112

9.3.1        GERMANY           116

9.3.1.1    Large industrial base and green building labeling systems to drive demand  116

9.3.2        UK          118

9.3.2.1    Rising investments in construction activities to drive demand                 118

9.3.3        FRANCE                119

9.3.3.1    Government-led regulations and investment in public infrastructure development to fuel demand     119

9.3.4        ITALY    120

9.3.4.1    New project finance rules and investment policies to propel market    120

9.3.5        SPAIN    121

9.3.5.1    Booming industrial and manufacturing sectors to drive demand                 121

9.3.6        NETHERLANDS 122

9.3.6.1    Growing industrial sector to drive market        122

9.3.7        SWEDEN              123

9.3.7.1    Increased investments in residential sector to propel market                 123

9.3.8        SWITZERLAND 124

9.3.8.1    Increasing need for energy efficiency driven by rising energy costs to propel market          124

9.3.9        NORWAY              125

9.3.9.1    High growth of oil & gas industry to drive market          125

9.4           CENTRAL & EASTERN EUROPE  126

9.4.1        RUSSIA 129

9.4.1.1    Building code enforcement and infrastructure modernization to drive market          129

9.4.2        TURKEY                130

9.4.2.1    Presence of building codes and FDI in various sectors to fuel demand  130

9.4.3        POLAND               131

9.4.3.1    Increasing green construction trend to drive demand    131

9.4.4        CZECHIA              132

9.4.4.1    High focus on renovation and retrofitting existing buildings to propel market        132

9.5           ASIA PACIFIC     133

9.5.1        CHINA  137

9.5.1.1    Mandatory building energy codes for commercial and residential buildings to drive market    137

9.5.2        JAPAN   138

9.5.2.1    Focus on improving energy consumption performance of buildings to boost market    138

9.5.3        INDIA    139

9.5.3.1    Increasing government spending on public infrastructure development to drive market              139

9.5.4        SOUTH KOREA  141

9.5.4.1    Growing construction industry and demand for DES to propel market    141

9.5.5        INDONESIA        142

9.5.5.1    Rise in oil production and construction codes to fuel market growth    142

9.5.6        VIETNAM             143

9.5.6.1    High industrial output and regulatory framework to boost market                 143

9.6           MIDDLE EAST & AFRICA                144

9.6.1        SAUDI ARABIA  147

9.6.1.1    Presence of various energy efficiency programs and increased government spending to drive market               147

9.6.2        UAE        148

9.6.2.1    Existence of mandatory building codes to propel demand                 148

9.6.3        EGYPT  149

9.6.3.1    New construction projects to drive demand     149

9.6.4        SOUTH AFRICA 150

9.6.4.1    Oil production to drive demand         150

9.7           SOUTH AMERICA             151

9.7.1        BRAZIL 154

9.7.1.1    Growth of oil industry to drive market              154

9.7.2        ARGENTINA       155

9.7.2.1    Rising demand from building & construction industry to drive market    155

9.7.3        COLUMBIA         156

9.7.3.1    Demand from industrial and mining sectors to drive market                 156

10            COMPETITIVE LANDSCAPE         158

10.1         INTRODUCTION              158

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            158

10.3         MARKET SHARE ANALYSIS           159

10.3.1      SAINT-GOBAIN S.A.         161

10.3.2      BASF SE                 161

10.3.3      JOHNS MANVILLE            161

10.3.4      OWENS CORNING            161

10.3.5      KINGSPAN GROUP PLC 161

10.4         REVENUE ANALYSIS       162

10.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 162

10.5.1      STARS   162

10.5.2      EMERGING LEADERS     162

10.5.3      PERVASIVE PLAYERS      163

10.5.4      PARTICIPANTS 163

10.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         164

10.5.5.1  Company footprint               164

10.5.5.2  Region footprint   165

10.5.5.3  Material type footprint         166

10.5.5.4  Application footprint            167

10.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        168

10.6.1      PROGRESSIVE COMPANIES         168

10.6.2      RESPONSIVE COMPANIES            168

10.6.3      DYNAMIC COMPANIES  168

10.6.4      STARTING BLOCKS         168

10.6.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 170

10.6.5.1  Detailed list of key startups/SMEs    170

10.6.5.2  Competitive benchmarking of key startups/SMEs          171

10.7         COMPANY VALUATION AND FINANCIAL METRICS                 172

10.8         BRAND/PRODUCT COMPARISON             173

10.9         COMPETITIVE SCENARIO             174

10.9.1      DEALS  174

10.9.2      EXPANSIONS     182

10.9.3      OTHER DEVELOPMENT                183

11            COMPANY PROFILES      184

11.1         KEY PLAYERS     184

11.1.1      SAINT-GOBAIN S.A.         184

11.1.1.1  Business overview 184

11.1.1.2  Products/Solutions/Services offered 185

11.1.1.3  Recent developments           185

11.1.1.3.1                Deals      185

11.1.1.3.2                Expansions             187

11.1.1.3.3                Other development               188

11.1.1.4  MnM view              188

11.1.1.4.1                Key strengths/Right to win 188

11.1.1.4.2                Strategic choices   188

11.1.1.4.3                Weaknesses/Competitive threats       188

11.1.2      BASF SE                 189

11.1.2.1  Business overview 189

11.1.2.2  Products/Solutions/Services offered 190

11.1.2.3  Recent developments           191

11.1.2.3.1                Deals      191

11.1.2.4  MnM view              191

11.1.2.4.1                Key strengths/Right to win 191

11.1.2.4.2                Strategic choices   192

11.1.2.4.3                Weaknesses/Competitive threats       192

11.1.3      ROCKWOOL A/S               193

11.1.3.1  Business overview 193

11.1.3.2  Products/Solutions/Services offered 194

11.1.3.3  Recent developments           196

11.1.3.3.1                Deals      196

11.1.3.3.2                Expansions             197

11.1.3.4  MnM view              197

11.1.3.4.1                Key strengths/Right to win 197

11.1.3.4.2                Strategic choices   197

11.1.3.4.3                Weaknesses/Competitive threats       198

11.1.4      COVESTRO AG  199

11.1.4.1  Business overview 199

11.1.4.2  Products/Solutions/Services offered 201

11.1.4.3  Recent developments           201

11.1.4.3.1                Deals      201

11.1.4.4  MnM view              202

11.1.4.4.1                Key strengths/Right to win 202

11.1.4.4.2                Strategic choices   202

11.1.4.4.3                Weaknesses/Competitive threats       202

11.1.5      OWENS CORNING            203

11.1.5.1  Business overview 203

11.1.5.2  Products/Solutions/Services offered 204

11.1.5.3  Recent developments           205

11.1.5.3.1                Deals      205

11.1.5.4  MnM view              206

11.1.5.4.1                Key strengths/Right to win 206

11.1.5.4.2                Strategic choices   206

11.1.5.4.3                Weaknesses/Competitive threats       206

11.1.6      HUNTSMAN CORPORATION       207

11.1.6.1  Business overview 207

11.1.6.2  Products/Solutions/Services offered 208

11.1.6.3  Recent developments           209

11.1.6.3.1                Deals      209

11.1.6.4  MnM view              210

11.1.6.4.1                Key strengths/Right to win 210

11.1.6.4.2                Strategic choices   210

11.1.6.4.3                Weaknesses/Competitive threats       210

11.1.7      KINGSPAN GROUP PLC 211

11.1.7.1  Business overview 211

11.1.7.2  Products/Solutions/Services offered 212

11.1.7.3  Recent developments           213

11.1.7.3.1                Deals      213

11.1.7.4  MnM view              213

11.1.7.4.1                Key strengths/Right to win 213

11.1.7.4.2                Strategic choices   214

11.1.7.4.3                Weaknesses/Competitive threats       214

11.1.8      ARMACELL          215

11.1.8.1  Business overview 215

11.1.8.2  Products/Solutions/Services offered 216

11.1.8.3  Recent developments           217

11.1.8.3.1                Deals      217

11.1.8.3.2                Expansions             218

11.1.8.4  MnM view              218

11.1.8.4.1                Key strengths/Right to win 218

11.1.8.4.2                Strategic choices   219

11.1.8.4.3                Weaknesses/Competitive threats       219

11.1.9      JOHNS MANVILLE            220

11.1.9.1  Business overview 220

11.1.9.2  Products/Solutions/Services offered 220

11.1.9.3  Recent developments           221

11.1.9.3.1                Deals      221

11.1.10   KNAUF INSULATION      222

11.1.10.1                 Business overview 222

11.1.10.2                 Products/Solutions/Services offered 222

11.1.10.3                 Recent developments           223

11.1.10.3.1             Deals      223

11.2         OTHER PLAYERS              224

11.2.1      L’ISOLANTE K-FLEX S.P.A.            224

11.2.2      MORGAN ADVANCED MATERIALS LLC  224

11.2.3      NUTEC FIBRATEC            225

11.2.4      WINCELL INSULATION CO., LTD.              225

11.2.5      NMC INTERNATIONAL SA            226

11.2.6      ODE INSULATION            226

11.2.7      GILSULATE INTERNATIONAL, INC.          227

11.2.8      SEKISUI FOAM AUSTRALIA          227

11.2.9      HUAMEI ENERGY-SAVING TECHNOLOGY GROUP CO., LTD        228

11.2.10   DOW IZOLAN    228

11.2.11   CELLOFOAM INTERNATIONAL GMBH & CO. KG                 229

11.2.12   GREAT LAKES TEXTILES               229

11.2.13   GULF COOL THERM FACTORY LLC          230

11.2.14   NOMACO INSULATION 230

11.2.15   THERMAFLEX INSULATION        231

12            ADJACENT AND RELATED MARKETS      232

12.1         INTRODUCTION              232

12.2         LIMITATIONS    232

12.3         INSULATION PRODUCTS MARKET           232

12.3.1      MARKET DEFINITION   232

12.3.2      MARKET OVERVIEW       232

12.4         INSULATION PRODUCTS MARKET, BY REGION 233

12.4.1      NORTH AMERICA             233

12.4.2      EUROPE               234

12.4.3      ASIA PACIFIC     235

12.4.4      MIDDLE EAST & AFRICA                236

12.4.5      SOUTH AMERICA             237

13            APPENDIX           239

13.1         DISCUSSION GUIDE        239

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                243

13.3         CUSTOMIZATION OPTIONS        245

13.4         RELATED REPORTS         245

13.5         AUTHOR DETAILS           246

LIST OF TABLES

TABLE 1                PIPE INSULATION MARKET: DEFINITION AND INCLUSIONS, BY MATERIAL TYPE             26

TABLE 2                PIPE INSULATION MARKET: DEFINITION AND INCLUSIONS, BY APPLICATION 27

TABLE 3                TOP 10 COUNTRIES USING LEED GREEN BUILDING RATING SYSTEM

FOR GREEN BUILDINGS, 2024     49

TABLE 4                PIPE INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS           52

TABLE 5                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)  54

TABLE 6                KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 55

TABLE 7                GDP TRENDS AND FORECAST OF MAJOR ECONOMIES, 2021–2030 (USD BILLION) 56

TABLE 8                INDICATIVE SELLING PRICE TREND OF PIPE INSULATION MATERIALS, BY REGION, 2022–2030 (USD/KG)                 59

TABLE 9                ROLES OF COMPANIES IN PIPE INSULATION ECOSYSTEM       61

TABLE 10              BENEFITS OF ECOSE TECHNOLOGY        63

TABLE 11              ADVANTAGES OF XPS FOAM TECHNOLOGY                 63

TABLE 12              IMPORT DATA RELATED TO HS CODE 392119-COMPLIANT PRODUCTS,

BY REGION, 2019–2024 (USD MILLION)   66

TABLE 13              EXPORT DATA RELATED HS CODE 392119-COMPLIANT PRODUCTS,

BY REGION, 2019–2024 (USD MILLION)   67

TABLE 14              GLOBAL: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  67

TABLE 15              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  68

TABLE 16              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  68

TABLE 17              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  69

TABLE 18              SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  69

TABLE 19              MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  70

TABLE 20              PIPE INSULATION MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2025–2026                 70

TABLE 21              PIPE INSULATION MARKET: FUNDING/INVESTMENT SCENARIO, 2024–2025   71

TABLE 22              PATENT STATUS: PATENT APPLICATIONS, LIMITED PATENTS,

AND GRANTED PATENTS, 2014–2024        72

TABLE 23              LIST OF MAJOR PATENTS RELATED TO PIPE INSULATION, 2014–2024 75

TABLE 24              PATENTS BY BASF SE     76

TABLE 25              US-ADJUSTED RECIPROCAL TARIFF RATES                 78

TABLE 26             PIPE INSULATION MARKET, BY MATERIAL TYPE, 2020–2024 (USD THOUSAND)      85

TABLE 27             PIPE INSULATION MARKET, BY MATERIAL TYPE, 2025–2030 (USD THOUSAND)      86

TABLE 28              GLASS WOOL: PIPE INSULATION MARKET, BY REGION,

2020–2024 (USD THOUSAND)      86

TABLE 29              GLASS WOOL: PIPE INSULATION MARKET, BY REGION,

2025–2030 (USD THOUSAND)      87

TABLE 30              ROCKWOOL: PIPE INSULATION MARKET, BY REGION,

2020–2024 (USD THOUSAND)      88

TABLE 31              ROCKWOOL: PIPE INSULATION MARKET, BY REGION,

2025–2030 (USD THOUSAND)      88

TABLE 32              POLYURETHANE (PUR) & POLYISOCYANURATE (PIR) FOAM: PIPE INSULATION MARKET, BY REGION, 2020–2024 (USD THOUSAND)           89

TABLE 33              POLYURETHANE (PUR) & POLYISOCYANURATE (PIR) FOAM: PIPE INSULATION MARKET, BY REGION, 2025–2030 (USD THOUSAND)           89

TABLE 34              PHENOLIC FOAM: PIPE INSULATION MARKET, BY REGION,

2020–2024 (USD THOUSAND)      90

TABLE 35              PHENOLIC FOAM: PIPE INSULATION MARKET, BY REGION,

2025–2030 (USD THOUSAND)      90

TABLE 36              ELASTOMERIC FOAM: PIPE INSULATION MARKET, BY REGION,

2020–2024 (USD THOUSAND)      91

TABLE 37              ELASTOMERIC FOAM: PIPE INSULATION MARKET, BY REGION,

2025–2030 (USD THOUSAND)      91

TABLE 38              OTHER PLASTIC FOAMS: PIPE INSULATION MARKET, BY REGION,

2020–2024 (USD THOUSAND)      92

TABLE 39              OTHER PLASTIC FOAMS: PIPE INSULATION MARKET, BY REGION,

2025–2030 (USD THOUSAND)      92

TABLE 40              OTHER MATERIAL TYPES: PIPE INSULATION MARKET, BY REGION,

2020–2024 (USD THOUSAND)      93

TABLE 41              OTHER MATERIAL TYPES: PIPE INSULATION MARKET, BY REGION,

2025–2030 (USD THOUSAND)      93

TABLE 42              PIPE INSULATION MARKET, BY APPLICATION, 2020–2024 (USD THOUSAND)      95

TABLE 43              PIPE INSULATION MARKET, BY APPLICATION, 2025–2030 (USD THOUSAND)      96

TABLE 44              BUILDING & CONSTRUCTION: PIPE INSULATION MARKET, BY REGION,

2020–2024 (USD THOUSAND)      96

TABLE 45              BUILDING & CONSTRUCTION: PIPE INSULATION MARKET, BY REGION,

2025–2030 (USD THOUSAND)      97

TABLE 46              INDUSTRIAL: PIPE INSULATION MARKET, BY REGION,

2020–2024 (USD THOUSAND)      97

TABLE 47              INDUSTRIAL: PIPE INSULATION MARKET, BY REGION,

2025–2030 (USD THOUSAND)      98

TABLE 48              OIL: PIPE INSULATION MARKET, BY REGION, 2020–2024 (USD THOUSAND)      98

TABLE 49              OIL: PIPE INSULATION MARKET, BY REGION, 2025–2030 (USD THOUSAND)      99

TABLE 50              DISTRICT ENERGY SYSTEMS (DES): PIPE INSULATION MARKET, BY REGION,

2020–2024 (USD THOUSAND)      99

TABLE 51              DISTRICT ENERGY SYSTEMS (DES): PIPE INSULATION MARKET, BY REGION,

2025–2030 (USD THOUSAND)      100

TABLE 52              GAS: PIPE INSULATION MARKET, BY REGION, 2020–2024 (USD THOUSAND)      100

TABLE 53              GAS: PIPE INSULATION MARKET, BY REGION, 2025–2030 (USD THOUSAND)      101

TABLE 54              OTHER APPLICATIONS: PIPE INSULATION MARKET, BY REGION,

2020–2024 (USD THOUSAND)      101

TABLE 55              OTHER APPLICATIONS: PIPE INSULATION MARKET, BY REGION,

2025–2030 (USD THOUSAND)      102

TABLE 56              PIPE INSULATION MARKET, BY REGION, 2020–2024 (USD THOUSAND) 104

TABLE 57              PIPE INSULATION MARKET, BY REGION, 2025–2030 (USD THOUSAND) 105

TABLE 58              NORTH AMERICA: PIPE INSULATION MARKET, BY MATERIAL TYPE,

2020–2024 (USD THOUSAND)      106

TABLE 59              NORTH AMERICA: PIPE INSULATION MARKET, BY MATERIAL TYPE,

2025–2030 (USD THOUSAND)      107

TABLE 60              NORTH AMERICA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      107

TABLE 61              NORTH AMERICA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      108

TABLE 62              NORTH AMERICA: PIPE INSULATION MARKET, BY COUNTRY,

2020–2024 (USD THOUSAND)      108

TABLE 63              NORTH AMERICA: PIPE INSULATION MARKET, BY COUNTRY,

2025–2030 (USD THOUSAND)      108

TABLE 64              US: PIPE INSULATION MARKET, BY APPLICATION, 2020–2024 (USD THOUSAND)       109

TABLE 65              US: PIPE INSULATION MARKET, BY APPLICATION, 2025–2030 (USD THOUSAND)       110

TABLE 66              CANADA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      110

TABLE 67              CANADA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      111

TABLE 68              MEXICO: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      112

TABLE 69              MEXICO: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      112

TABLE 70              WESTERN EUROPE: PIPE INSULATION MARKET, BY MATERIAL TYPE,

2020–2024 (USD THOUSAND)      113

TABLE 71              WESTERN EUROPE: PIPE INSULATION MARKET, BY MATERIAL TYPE,

2025–2030 (USD THOUSAND)      114

TABLE 72              WESTERN EUROPE: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      114

TABLE 73              WESTERN EUROPE: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      115

TABLE 74              WESTERN EUROPE: PIPE INSULATION MARKET, BY COUNTRY,

2020–2024 (USD THOUSAND)      115

TABLE 75              WESTERN EUROPE: PIPE INSULATION MARKET, BY COUNTRY,

2025–2030 (USD THOUSAND)      116

TABLE 76              GERMANY: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      117

TABLE 77              GERMANY: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      117

TABLE 78              UK: PIPE INSULATION MARKET, BY APPLICATION, 2020–2024 (USD THOUSAND)       118

TABLE 79              UK: PIPE INSULATION MARKET, BY APPLICATION, 2025–2030 (USD THOUSAND)       118

TABLE 80              FRANCE: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      119

TABLE 81              FRANCE: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      120

TABLE 82              ITALY: PIPE INSULATION MARKET, BY APPLICATION, 2020–2024 (USD THOUSAND)       120

TABLE 83              ITALY: PIPE INSULATION MARKET, BY APPLICATION, 2025–2030 (USD THOUSAND)       121

TABLE 84              SPAIN: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      121

TABLE 85              SPAIN: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      122

TABLE 86              NETHERLANDS: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      122

TABLE 87              NETHERLANDS: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      123

TABLE 88              SWEDEN: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      123

TABLE 89              SWEDEN: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      124

TABLE 90              SWITZERLAND: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      124

TABLE 91              SWITZERLAND: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      125

TABLE 92              NORWAY: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      125

TABLE 93              NORWAY: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      126

TABLE 94              CENTRAL & EASTERN EUROPE: PIPE INSULATION MARKET, BY MATERIAL

TYPE, 2020–2024 (USD THOUSAND)         126

TABLE 95              CENTRAL & EASTERN EUROPE: PIPE INSULATION MARKET, BY MATERIAL

TYPE, 2025–2030 (USD THOUSAND)         127

TABLE 96              CENTRAL & EASTERN EUROPE: PIPE INSULATION MARKET, BY APPLICATION, 2020–2024 (USD THOUSAND)      127

TABLE 97              CENTRAL & EASTERN EUROPE: PIPE INSULATION MARKET, BY APPLICATION, 2025–2030 (USD THOUSAND)      128

TABLE 98              CENTRAL & EASTERN EUROPE: PIPE INSULATION MARKET, BY COUNTRY,

2020–2024 (USD THOUSAND)      128

TABLE 99              CENTRAL & EASTERN EUROPE: PIPE INSULATION MARKET, BY COUNTRY,

2025–2030 (USD THOUSAND)      129

TABLE 100            RUSSIA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      129

TABLE 101            RUSSIA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      130

TABLE 102            TURKEY: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      130

TABLE 103            TURKEY: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      131

TABLE 104            POLAND: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      131

TABLE 105            POLAND: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      132

TABLE 106            CZECHIA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      132

TABLE 107            CZECHIA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      133

TABLE 108            ASIA PACIFIC: PIPE INSULATION MARKET, BY MATERIAL TYPE,

2020–2024 (USD THOUSAND)      134

TABLE 109            ASIA PACIFIC: PIPE INSULATION MARKET, BY MATERIAL TYPE,

2025–2030 (USD THOUSAND)      135

TABLE 110            ASIA PACIFIC: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      135

TABLE 111            ASIA PACIFIC: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      136

TABLE 112            ASIA PACIFIC: PIPE INSULATION MARKET, BY COUNTRY,

2020–2024 (USD THOUSAND)      136

TABLE 113            ASIA PACIFIC: PIPE INSULATION MARKET, BY COUNTRY,

2025–2030 (USD THOUSAND)      137

TABLE 114            CHINA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      137

TABLE 115            CHINA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      138

TABLE 116            JAPAN: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      139

TABLE 117            JAPAN: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      139

TABLE 118            INDIA: PIPE INSULATION MARKET, BY APPLICATION, 2020–2024 (USD THOUSAND)       140

TABLE 119            INDIA: PIPE INSULATION MARKET, BY APPLICATION, 2025–2030 (USD THOUSAND)       140

TABLE 120            SOUTH KOREA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      141

TABLE 121            SOUTH KOREA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      142

TABLE 122            INDONESIA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      142

TABLE 123            INDONESIA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      143

TABLE 124            VIETNAM: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      143

TABLE 125            VIETNAM: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      144

TABLE 126            MIDDLE EAST & AFRICA: PIPE INSULATION MARKET, BY MATERIAL TYPE,

2020–2024 (USD THOUSAND)      144

TABLE 127            MIDDLE EAST & AFRICA: PIPE INSULATION MARKET, BY MATERIAL TYPE,

2025–2030 (USD THOUSAND)    145

TABLE 128            MIDDLE EAST & AFRICA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      145

TABLE 129            MIDDLE EAST & AFRICA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      146

TABLE 130            MIDDLE EAST & AFRICA: PIPE INSULATION MARKET, BY COUNTRY,

2020–2024 (USD THOUSAND)      146

TABLE 131            MIDDLE EAST & AFRICA: PIPE INSULATION MARKET, BY COUNTRY,

2025–2030 (USD THOUSAND)      147

TABLE 132            SAUDI ARABIA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      147

TABLE 133            SAUDI ARABIA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      148

TABLE 134            UAE: PIPE INSULATION MARKET, BY APPLICATION, 2020–2024 (USD THOUSAND)       149

TABLE 135            UAE: PIPE INSULATION MARKET, BY APPLICATION, 2025–2030 (USD THOUSAND)       149

TABLE 136            EGYPT: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      150

TABLE 137            EGYPT: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      150

TABLE 138            SOUTH AFRICA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      151

TABLE 139            SOUTH AFRICA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)    151

TABLE 140            SOUTH AMERICA: PIPE INSULATION MARKET, BY MATERIAL TYPE,

2020–2024 (USD THOUSAND)      152

TABLE 141            SOUTH AMERICA: PIPE INSULATION MARKET, BY MATERIAL TYPE,

2025–2030 (USD THOUSAND)      152

TABLE 142            SOUTH AMERICA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      153

TABLE 143            SOUTH AMERICA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      153

TABLE 144            SOUTH AMERICA: PIPE INSULATION MARKET, BY COUNTRY,

2020–2024 (USD THOUSAND)      153

TABLE 145            SOUTH AMERICA: PIPE INSULATION MARKET, BY COUNTRY,

2025–2030 (USD THOUSAND)      154

TABLE 146            BRAZIL: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      155

TABLE 147            BRAZIL: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      155

TABLE 148            ARGENTINA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      156

TABLE 149            ARGENTINA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      156

TABLE 150            COLUMBIA: PIPE INSULATION MARKET, BY APPLICATION,

2020–2024 (USD THOUSAND)      157

TABLE 151            COLUMBIA: PIPE INSULATION MARKET, BY APPLICATION,

2025–2030 (USD THOUSAND)      157

TABLE 152            PIPE INSULATION MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY MAJOR MANUFACTURERS     158

TABLE 153            PIPE INSULATION MARKET: DEGREE OF COMPETITION, 2024       160

TABLE 154            PIPE INSULATION MARKET: REGION FOOTPRINT       165

TABLE 155            PIPE INSULATION MARKET: MATERIAL TYPE FOOTPRINT       166

TABLE 156            PIPE INSULATION MARKET: APPLICATION FOOTPRINT       167

TABLE 157            PIPE INSULATION MARKET: DETAILED LIST OF KEY STARTUPS/SMES    170

TABLE 158            PIPE INSULATION MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES              171

TABLE 159            PIPE INSULATION MARKET: DEALS, JANUARY 2019–JUNE 2025  175

TABLE 160            PIPE INSULATION MARKET: EXPANSIONS, JANUARY 2019–JUNE 2025              182

TABLE 161            PIPE INSULATION MARKET: OTHERS, JANUARY 2019–JUNE 2025  183

TABLE 162            SAINT-GOBAIN S.A.: COMPANY OVERVIEW                 184

TABLE 163            SAINT-GOBAIN S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    185

TABLE 164            SAINT-GOBAIN S.A.: DEALS         185

TABLE 165            SAINT-GOBAIN S.A.: EXPANSIONS            187

TABLE 166            SAINT-GOBAIN S.A.: OTHERS      188

TABLE 167            BASF SE: COMPANY OVERVIEW 189

TABLE 168            BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             190

TABLE 169            BASF SE: DEALS 191

TABLE 170            ROCKWOOL A/S: COMPANY OVERVIEW                 193

TABLE 171            ROCKWOOL A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED    194

TABLE 172            ROCKWOOL A/S: DEALS                196

TABLE 173            ROCKWOOL A/S: EXPANSIONS  197

TABLE 174            COVESTRO AG: COMPANY OVERVIEW   199

TABLE 175            COVESTRO AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    201

TABLE 176            COVESTRO AG: DEALS  201

TABLE 177            OWENS CORNING: COMPANY OVERVIEW                 203

TABLE 178            OWENS CORNING: PRODUCTS/SOLUTIONS/SERVICES OFFERED    204

TABLE 179            OWENS CORNING: DEALS            205

TABLE 180            HUNTSMAN CORPORATION: COMPANY OVERVIEW          207

TABLE 181            HUNTSMAN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    208

TABLE 182            HUNTSMAN CORPORATION: DEALS       209

TABLE 183            KINGSPAN GROUP PLC.: COMPANY OVERVIEW                 211

TABLE 184            KINGSPAN GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    212

TABLE 185            KINGSPAN GROUP PLC: DEALS 213

TABLE 186            ARMACELL: COMPANY OVERVIEW          215

TABLE 187            ARMACELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED             216

TABLE 188            ARMACELL: DEALS          217

TABLE 189            ARMACELL: EXPANSIONS             218

TABLE 190            JOHNS MANVILLE: COMPANY OVERVIEW                 220

TABLE 191            JOHNS MANVILLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    220

TABLE 192            JOHNS MANVILLE: DEALS            221

TABLE 193            KNAUF INSULATION: COMPANY OVERVIEW                 222

TABLE 194            KNAUF INSULATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    222

TABLE 195            KNAUF INSULATION: DEALS      223

TABLE 196            L’ISOLANTE K-FLEX S.P.A.: COMPANY OVERVIEW          224

TABLE 197            MORGAN ADVANCED MATERIALS LLC: COMPANY OVERVIEW   224

TABLE 198            NUTEC FIBRATEC: COMPANY OVERVIEW                 225

TABLE 199            WINCELL INSULATION CO., LTD.: COMPANY OVERVIEW          225

TABLE 200            NMC INTERNATIONAL SA: COMPANY OVERVIEW          226

TABLE 201            ODE INSULATION: COMPANY OVERVIEW                 226

TABLE 202            GILSULATE INTERNATIONAL, INC.: COMPANY OVERVIEW          227

TABLE 203            SEKISUI FOAM AUSTRALIA: COMPANY OVERVIEW          227

TABLE 204            HUAMEI ENERGY-SAVING TECHNOLOGY GROUP CO., LTD: COMPANY OVERVIEW               228

TABLE 205            DOW IZOLAN: COMPANY OVERVIEW     228

TABLE 206            CELLOFOAM INTERNATIONAL GMBH & CO. KG: COMPANY OVERVIEW   229

TABLE 207            GREAT LAKES TEXTILES: COMPANY OVERVIEW                 229

TABLE 208            GULF COOL THERM FACTORY LLC: COMPANY OVERVIEW          230

TABLE 209            NOMACO INSULATION: COMPANY OVERVIEW                 230

TABLE 210            THERMAFLEX INSULATION: COMPANY OVERVIEW          231

TABLE 211            INSULATION PRODUCTS MARKET, BY REGION, 2019–2023 (USD MILLION)            233

TABLE 212            INSULATION PRODUCTS MARKET, BY REGION, 2024–2029 (USD MILLION)            233

TABLE 213            NORTH AMERICA: INSULATION PRODUCTS MARKET,

BY COUNTRY, 2019–2023 (USD MILLION)               234

TABLE 214            NORTH AMERICA: INSULATION PRODUCTS MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               234

TABLE 215            EUROPE: INSULATION PRODUCTS MARKET, BY COUNTRY,

2019–2023 (USD MILLION)            235

TABLE 216            EUROPE: INSULATION PRODUCTS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            235

TABLE 217            ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY COUNTRY,

2019–2023 (USD MILLION)            236

TABLE 218            ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            236

TABLE 219            MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY COUNTRY,

2019–2023 (USD MILLION)            237

TABLE 220            MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            237

TABLE 221            SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY COUNTRY,

2019–2023 (USD MILLION)            238

TABLE 222            SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            238

LIST OF FIGURES

FIGURE 1              PIPE INSULATION MARKET: SEGMENTATION AND REGIONAL SCOPE 25

FIGURE 2              PIPE INSULATION MARKET: RESEARCH DESIGN                 30

FIGURE 3              MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): COLLECTIVE REVENUE OF COMPANIES       33

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1

BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS         34

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY OF PRODUCTS SOLD:

APPROACH 2 – BOTTOM-UP (DEMAND SIDE)    35

FIGURE 6              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – TOP-DOWN         36

FIGURE 7              PIPE INSULATION MARKET: DATA TRIANGULATION             37

FIGURE 8              MARKET CAGR PROJECTIONS FROM SUPPLY SIDE      38

FIGURE 9              MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES 39

FIGURE 10            GLASS WOOL SEGMENT LED PIPE INSULATION MARKET IN 2024                42

FIGURE 11            OIL SEGMENT TO REGISTER HIGHEST CAGR IN PIPE INSULATION

MARKET DURING FORECAST PERIOD    42

FIGURE 12            ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 43

FIGURE 13            GROWING DISTRICT ENERGY SYSTEMS (DES) SEGMENT TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS           44

FIGURE 14            ASIA PACIFIC PIPE INSULATION MARKET TO REGISTER HIGHEST

CAGR DURING FORECAST PERIOD          44

FIGURE 15            GLASS WOOL SEGMENT AND CHINA ACCOUNTED FOR LARGEST

SHARES OF ASIA PACIFIC PIPE INSULATION MARKET IN 2024                 45

FIGURE 16            BUILDING & CONSTRUCTION SEGMENT LED PIPE INSULATION MARKET

IN MOST REGIONS IN 2024            45

FIGURE 17            INDIA TO REGISTER HIGHEST CAGR BETWEEN 2025 AND 2030    46

FIGURE 18            PIPE INSULATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES         47

FIGURE 19            PIPE INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS           52

FIGURE 20            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE APPLICATIONS        54

FIGURE 21            KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 55

FIGURE 22            PIPE INSULATION MARKET: SUPPLY CHAIN ANALYSIS            57

FIGURE 23            INDICATIVE SELLING PRICE TREND OF PIPE INSULATION MATERIALS,

BY REGION, 2022–2030 (USD/KG)               59

FIGURE 24            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   60

FIGURE 25            PIPE INSULATION MARKET: ECOSYSTEM ANALYSIS            60

FIGURE 26            IMPORT DATA FOR HS CODE 392119-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2019–2024 (USD MILLION)            65

FIGURE 27            EXPORT DATA FOR HS CODE 392119-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2019–2024 (USD MILLION)            66

FIGURE 28            PATENTS REGISTERED FOR PIPE INSULATION, 2014–2024              73

FIGURE 29            MAJOR PATENTS RELATED TO PIPE INSULATION, 2014–2024 74

FIGURE 30            LEGAL STATUS OF PATENTS FILED RELATED TO PIPE INSULATION, 2014–2024                77

FIGURE 31            MAXIMUM PATENTS FILED IN JURISDICTION OF CHINA, 2014–2024       77

FIGURE 32            PIPE INSULATION MARKET: IMPACT OF AI/GEN AI            82

FIGURE 33            GLASS WOOL TO BE LARGEST MATERIAL TYPE SEGMENT IN 2025             85

FIGURE 34            OIL TO BE FASTEST-GROWING SEGMENT OF PIPE INSULATION

MARKET DURING FORECAST PERIOD    95

FIGURE 35            ASIA PACIFIC TO BE FASTEST-GROWING PIPE INSULATION MARKET

BETWEEN 2025 AND 2030               104

FIGURE 36            NORTH AMERICA: PIPE INSULATION MARKET SNAPSHOT          106

FIGURE 37            WESTERN EUROPE: PIPE INSULATION MARKET SNAPSHOT          113

FIGURE 38            ASIA PACIFIC: PIPE INSULATION MARKET SNAPSHOT          134

FIGURE 39            PIPE INSULATION MARKET SHARE ANALYSIS, 2024        160

FIGURE 40            PIPE INSULATION MARKET: REVENUE ANALYSIS FOR KEY COMPANIES, 2020–2024 (USD THOUSAND)                 162

FIGURE 41            PIPE INSULATION MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024         163

FIGURE 42            PIPE INSULATION MARKET: COMPANY FOOTPRINT       164

FIGURE 43            PIPE INSULATION MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2024                169

FIGURE 44            PIPE INSULATION MARKET: ENTERPRISE VALUATION (EV) OF KEY

PLAYERS, 2025 (USD BILLION)   172

FIGURE 45            PIPE INSULATION MARKET: EV/EBITDA OF KEY MANUFACTURERS, 2025                 172

FIGURE 46            BRAND/PRODUCT COMPARISON             173

FIGURE 47            SAINT-GOBAIN S.A.: COMPANY SNAPSHOT                 184

FIGURE 48            BASF SE: COMPANY SNAPSHOT 190

FIGURE 49            ROCKWOOL A/S: COMPANY SNAPSHOT                 194

FIGURE 50            COVESTRO AG: COMPANY SNAPSHOT  200

FIGURE 51            OWENS CORNING: COMPANY SNAPSHOT                 203

FIGURE 52            HUNTSMAN CORPORATION: COMPANY SNAPSHOT          208

FIGURE 53            KINGSPAN GROUP PLC: COMPANY SNAPSHOT                 212

FIGURE 54            ARMACELL: COMPANY SNAPSHOT          216