Global Pipe Insulation Market Size & Outlook, 2023-2030
Global pipe insulation market, 2018-2030 (US$M)
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Global pipe insulation market highlights
- The global pipe insulation market generated a revenue of USD 18,228.1 million in 2023 and is expected to reach USD 26,088.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.3% by 2030.
- In terms of segment, building & construction accounted for a revenue of USD 9,245.6 million in 2023.
- Industrial is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 18,228.1 million |
| Market revenue in 2030 | USD 26,088.5 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Building & construction |
| Fastest growing segment | Industrial |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Building & Construction, Industrial, Appliances |
Other key industry trends
- In terms of revenue, the North America accounted for 25.0% of the global pipe insulation market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 1,025.7 million by 2030.
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Pipe Insulation Market Scope
Pipe Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global pipe insulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pipe insulation market will help companies and investors design strategic landscapes.
Building & construction was the largest segment with a revenue share of 50.72% in 2023. Horizon Databook has segmented the Global pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Pipe Insulation Application Outlook (Revenue, USD Million, 2018-2030)
- Building & Construction
- Transportation
- Industrial
- Appliances
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global pipe insulation market , including forecasts for subscribers. This global databook contains high-level insights into Global pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global pipe insulation market size, by region, 2018-2030 (US$M)
Top 10 countries: Pipe insulation market size, 2023 (US$M)
Global pipe insulation market share, by application, 2023 & 2030 (%, US$M)
Pipe insulation market: Opportunity assessment by country
Global pipe insulation market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 1,193.7 | 1,221.1 | 1,246.2 | 1,237.8 | 1,234.7 | 1,255.9 | 1,289.7 | 1,337.1 | 1,389.8 | 1,447.2 | 1,509.7 | 1,577.7 | 1,651.4 | 2.6% |
| Europe | 5,731.0 | 5,922.5 | 6,106.8 | 6,129.1 | 6,178.8 | 6,352.5 | 6,594.6 | 6,911.8 | 7,264.9 | 7,650.7 | 8,072.1 | 8,533.0 | 9,037.1 | 3.6% |
| North America | 4,077.2 | 4,220.5 | 4,359.0 | 4,382.2 | 4,425.1 | 4,557.1 | 4,738.6 | 4,974.8 | 5,237.6 | 5,524.8 | 5,838.9 | 6,182.4 | 6,558.6 | 3.6% |
| MEA | 1,003.8 | 1,033.1 | 1,061.0 | 1,060.4 | 1,064.6 | 1,090.0 | 1,126.9 | 1,176.1 | 1,230.9 | 1,290.9 | 1,356.2 | 1,427.5 | 1,505.3 | 3.1% |
| Asia Pacific | 4,368.6 | 4,538.9 | 4,705.0 | 4,747.2 | 4,811.3 | 4,972.6 | 5,189.3 | 5,467.4 | 5,776.8 | 6,115.3 | 6,485.6 | 6,891.3 | 7,336.1 | 3.9% |
| Overall | 16,374.3 | 16,936.1 | 17,478.0 | 17,556.7 | 17,714.5 | 18,228.1 | 18,939.1 | 19,867.2 | 20,900.0 | 22,028.9 | 23,262.5 | 24,611.9 | 26,088.5 | 5.3% |
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