Global Pipe Insulation Market Set to Grow at Healthy CAGR of 3.47% by 2026Posted by nileshdbmr on October 18th, 2019 Global Pipe Insulation Market is expected to rise from its initial estimated value of USD 8.75 billion in 2018 to an estimated value of USD 11.49 billion by 2026, registering a CAGR of 3.47% in the forecast period of 2019-2026. Pipe insulation is the technique which is used to protect the pipe from heat, moisture, corrosion, chemicals, damages etc. Pipes are usually enclosed with materials like foam wraps, flexible films, coating etc. These days they are widely used in oil, district energy system, building and construction and other industries. Increasing oil and gas demand worldwide is fuelling the growth of this market. Get Exclusive Sample Report: @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-pipe-insulation-market Competitive Analysis: Global pipe insulation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pipe insulation market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa. Key Market Competitors: Few of the major competitors currently working in pipe insulation market are Armacell, Kingspan Group, Owens Corning, Saint-Gobain, Huntsman International LLC, Johns Manville, Knauf Insulation., BASF SE, Covestro AG, ITW Insulation Systems, Inc., L'ISOLANTE K-FLEX S.p.A., wincellchina.com, NMC sa, GILSULATE INTERNATIONAL, INC, Sekisui Foam Australia, Kuwait Insulating Material Manufacturing Company, Paroc Group, ODE Insulation. Segmentation: Global Pipe Insulation Market
Market Drivers: Increasing demand for oil and gas worldwide is driving the growth of this market Technological advancement and development is driving the market Market Restraints: High price of the raw material is restraining the growth of this market Increasing health and safety awareness among consumer is another factor restraining the market Key Insights in the report:
About Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Contact: Data Bridge Market Research Tel: +1-888-387-2818 Like it? Share it!More by this author |