Europe pipe insulation refers to insulating various types of pipes in residential, commercial, and industrial settings across the European continent. This process involves applying insulating materials, such as foam, fiberglass, or other thermal-resistant substances, to the exterior of pipes to prevent heat loss, condensation, and energy wastage. This process is crucial in energy conservation, as insulated pipes significantly reduce heat transfer, leading to lower energy consumption and decreased utility bills.
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Data Bridge Market Research analyses that the Europe Pipe Insulation Market is expected to grow at a CAGR of 4.7% in the forecast period of 2022 to 2029 and is expected to reach USD 4,43,830.83 thousand by 2029 from USD 3,07,357.60 thousand in 2021. In cold European regions, pipe insulation is crucial to prevent freezing and maintain continuous water and heating supply. By providing a protective layer around pipes, insulation prevents ice formation, safeguarding the infrastructure and ensuring seamless functioning, especially during harsh winters.
Key Findings of the Study
Increasing role of pipelines in oil transportation is expected to drive the market's growth rate
Oil, a pivotal global energy source, is primarily transported through ships, sustaining a significant trade sector. Nonetheless, this mode of transportation has led to numerous accidents, including oil spills that contaminate seawater, imperiling both marine and terrestrial ecosystems. These spills are disastrous, posing threats to aquatic life and the environment. To address this issue, there is a growing push for augmenting the oil supply through pipelines, which can significantly reduce the risk of oil spills. Pipelines provide a safer, more reliable, and environmentally friendly alternative for oil transport, minimizing the chances of marine pollution and its far-reaching consequences.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Rigid Insulation Products, Stone Wool Insulation Covers, Coating Material, Thin Films, Wraps, Foils, and Others), Material Type (Rockwool, Fiberglass, Polyurethane, Polystyrene, Polyolefin, Polypropylene, Polycarbonate, Polyvinyl Chloride, Urea Formaldehyde, Phenolic Foam, Elastomeric Foam and Others), Temperature (Hot Insulation and Cold Insulation), Application (Building and Construction, Electronics, Chemical Industry, Energy and Power, Oil and Gas, Automotive, Transportation, Food and Beverage and Others)
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Countries Covered
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Germany, France, U.K., Russia, Italy, Spain, Belgium, Netherlands, Switzerland, Turkey and Rest of Europe
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Market Players Covered
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Kingspan Group (Ireland), Saint-Gobain (France), Covestro AG (Germany), Knauf Insulation (Belgium), BASF SE (Germany), Dow Izolan (a subsidiary of DOW) (Russia), Huntsman International LLC (U.S.), Owens Corning (U.S.), Johns Manville (U.S.), Cellofoam GmbH & Co. KG (Germany), L'ISOLANTE K-FLEX S.P.A. (Italy), 3M (U.S.), NMC SA (Belgium), ROCKWOOL International A/S (Denmark), DUNMORE (U.S.), ARMACELL (Germany), Röchling SE & Co. KG (Germany) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe pipe insulation market is categorized into four notable segments, which are based on the basis of product type, material type, temperature, and application.
- On the basis of material type, the Europe pipe insulation market is segmented into rock wool, fiberglass, polyurethane, polystyrene, polyolefin, polypropylene, polycarbonate, polyvinyl chloride, urea formaldehyde, phenolic foam, elastomeric foam, and others
- On the basis of product type, the Europe pipe insulation market segmented thin films, foils, wraps, rigid insulated products, stone wool insulated covers, coating material, and others
- On the basis of application, the Europe pipe insulation market is segmented into building and construction, electronics, chemical industry, energy and power, oil and gas, automotive, transportation, food and beverage, and others
- On the basis of temperature, the Europe pipe insulation market is segmented into hot and cold insulation
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe pipe insulation market players in Europe pipe insulation market are 3M (U.S.), NMC SA (Belgium), ROCKWOOL International A/S (Denmark), DUNMORE (U.S.), ARMACELL (Germany), Röchling SE & Co. KG (Germany)
Market Developments
- In July 2022, REHAU celebrated a significant milestone by marking a decade as the exclusive supplier of RAUVITHERM pre-insulated pipes, the sole U.K.-manufactured product of its kind. These pipes have been instrumental in delivering efficient, cost-effective solutions for a wide range of applications, including district heating and hot water systems. REHAU's continued commitment to innovation and high-quality, locally produced solutions has contributed to the sustained success and reliability of RAUVITHERM in the U.K
- In May 2022, Armacell introduced two innovative residential insulation products, responding to the proactive measures taken by the UK government to enhance fire safety regulations. This move aligns with the increasing focus on fire prevention and safety in construction and residential sectors. Armacell's new products aim to contribute to safer, more resilient buildings, meeting the evolving regulatory standards and ensuring enhanced fire protection in the UK's residential structures
- In March 2022, Saint-Gobain S.A. demonstrated its commitment to meeting the surging demand for roof space thermal insulation solutions in the French market. The company invested in a new glass wool production line at its ISOVER plant in France to bolster its production capacity. This strategic move not only addresses the growing need for thermal insulation but also underlines Saint-Gobain's dedication to sustainable construction practices and energy efficiency in the region
- In December 2021, Saint-Gobain S.A. made a significant move by entering into an agreement with Alghanim Group to acquire their 100% subsidiary, Rockwool India Pvt Ltd. This strategic acquisition strengthens Saint-Gobain's presence in India, as Rockwool India is a prominent manufacturer of stone wool, offering a diverse portfolio of insulation products catering to thermal, acoustic, and fire safety applications. This move aligns with Saint-Gobain's commitment to expanding its product offerings and market reach
- In December 2020, Saint-Gobain S.A. and EL Volcan, long-standing partners in various countries, further solidified their collaboration by expanding into two new South American markets. This strategic move aims to harness substantial synergies, bolstering their competitive edge and enriching their offerings for the construction markets in the region. This expansion underscores their commitment to providing innovative solutions and strengthening their presence in South America's burgeoning construction industry
Regional Analysis
Geographically, the countries covered in the Europe pipe insulation market report are Germany, France, U.K., Russia, Italy, Spain, Belgium, Netherlands, Switzerland, Turkey and Rest of Europe.
As per Data Bridge Market Research analysis:
Germany is estimated to be the fastest-growing region in Europe pipe insulation market the forecast period 2022-2029
Germany is poised to lead the European pipe insulation market due to soaring demand for chemical products and oil and gas. The need for extensive underground pipelines to facilitate substance export, catering to surging consumer demands, is a driving force. With its robust industrial infrastructure and strategic location, Germany is strategically positioned to dominate this sector, ensuring efficient and secure transportation of critical products and contributing to its economic strength and regional energy supply reliability.
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