What is Pipeline Thermal Insulation Market?
Thermal insulation on a small pipeline or raw water pipeline does not play a significant role in energy conservation, on the other hand, pipeline thermal insulation will cause additional installation charges to the customers. But in long pipelines or pipelines carrying hot working fluids or cold fluids or specialized chemicals, the thermal insulation is of utmost importance. Pipeline thermal insulation is an unavoidable process in piping engineering and design. Moreover, the pipeline thermal insulation in refineries, underwater pipelines, and cross-country pipelines are some of the basic installations to control energy losses and for the extended life of the pipelines.
The market study is being classified by Type (Hot Insulation and Cold Insulation), by Application (Petrochemical Industries, Pharmaceutical Industries, Chemical Industries and Others) and major geographies with country level break-up.
Hertel (Netherlands), Tenaris (Luxembourg), Lloyd Insulations (India), Chemtech Foundation (India), Huntsman (United States), Technipfmc (United Kingdom), Protek (United States), Perma-Pip (United States), Sat Insulation Materials Industry (United Arab Emirates), Insulpro (South Africa) and Kuwait Insulating Material Manufacturing (Kuwait) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Mowco Industry (China).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Segment Analysis
Analyst at AMA have segmented the market study of Global Pipeline Thermal Insulation market by Type, Application and Region.
On the basis of geography, the market of Pipeline Thermal Insulation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Pipeline thermal insulation is being used by a large number of industries for the ideal operation of fluids inside a pipeline
Market Trend
- The ease of application and the numerous benefits offered by thermal insulation make it a preferred insulation method by a majority of end-use industries, and this, in turn, acts as a prominent driver for market growth
Restraints
- The Intense Competition between the Market Players
Opportunities
- The growing demand from Petrochemical Industries
- High demand from emerging markets
Key Target Audience
Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others