Canada Pipe Insulation Market Size & Outlook, 2023-2030
Canada pipe insulation market, 2018-2030 (US$M)
Related Markets
Canada pipe insulation market highlights
- The Canada pipe insulation market generated a revenue of USD 866.7 million in 2023 and is expected to reach USD 1,229.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.1% 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.
Pipe insulation market data book summary
| Market revenue in 2023 | USD 866.7 million |
| Market revenue in 2030 | USD 1,229.2 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Building & construction |
| Fastest growing segment | Industrial |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 4.8% of the global pipe insulation market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. pipe insulation market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 4,338.5 million by 2030.
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Pipe Insulation Market Scope
Pipe Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 Canada pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is home to a well-developed forest pulp and paper industry. The country is the world’s second- largest exporter of wood pulp after Brazil. Furthermore, it is a leading exporter of various types of paper products including paper packaging, printing and writing paper, and newsprint. Steam plays an important role in the overall pulp and paper manufacturing process.
The industry consumes a significant amount of energy on steam generation. As a result, pipe insulation is widely used to insulate steam pipes in order to prevent thermal loss and conserve energy. Majority of the Canadian population lives in the temperate parts of the country. The country witnesses freezing temperatures during the winter seasons.
As a result, a significant amount of energy is consumed on building heating systems. According to a report by Environment and Climate Change Canada, nearly two-thirds of the energy used in buildings is consumed by heating and cooling systems.
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Our clientele includes a mix of pipe insulation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada pipe insulation market , including forecasts for subscribers. This country databook contains high-level insights into Canada pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada pipe insulation market size, by application, 2018-2030 (US$M)
Canada Pipe Insulation Market Outlook Share, 2023 & 2030 (US$M)
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