Asia Pacific Pipe Insulation Market Size & Outlook
Asia Pacific pipe insulation market, 2018-2030 (US$M)
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Asia Pacific pipe insulation market highlights
- The Asia Pacific pipe insulation market generated a revenue of USD 4,972.6 million in 2023.
- The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, building & construction was the largest revenue generating application in 2023.
- Industrial is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,972.6 million |
| Market revenue in 2030 | USD 7,336.1 million |
| Growth rate | 5.7% (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 |
| Key market players worldwide | Armstrong World Industries Inc, Kingspan Group PLC, Owens-Corning Inc, Huntsman Corp, Compagnie de Saint-Gobain SA, Rockwool AS Class B, Berkshire Hathaway Inc Class A, Basf SE, Covestro AG, Sekisui Chemical Co Ltd, Lydall, Knauf Insulation, NMC International, Gilsulate International, Inc. |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.3% of the global pipe insulation market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,336.1 million by 2030.
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Pipe Insulation Market Scope
Pipe Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 50.78% in 2023. Horizon Databook has segmented the Asia Pacific pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific region is home to the largest chemical industry in the world. Low labor and energy costs, availability of raw materials, proximity to the end-use sectors, and lax enforcement of environmental laws are some of the factors responsible for the rapid growth of chemical processing industries.
The region produces over 70,000 products including plastics, cosmetics, petrochemicals, pharmaceuticals, and fertilizers. China and India are among the major producers of chemicals in Asia Pacific. According to the UN Environment, Asia Pacific is expected to account for over two-thirds of the total global sales of chemical products by 2030.
Thus, growing investments in the chemical processing industry are expected to provide a major boost to the pipe insulation market demand over the forecast period. Countries such as Indonesia, India, China, and Vietnam are witnessing rapid economic growth and generating significant demand for crude oil and natural gas to meet the growing energy needs.
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Target buyers of Asia Pacific pipe insulation market databook
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Our clientele includes a mix of pipe insulation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific pipe insulation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific pipe insulation market size, by country, 2018-2030 (US$M)
Asia Pacific Pipe Insulation Market Outlook Share, 2023 & 2030 (US$M)
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