Europe Pipe Insulation Market Size & Outlook, 2023-2030
Europe pipe insulation market, 2018-2030 (US$M)
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Europe pipe insulation market highlights
- The Europe pipe insulation market generated a revenue of USD 6,352.5 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 6,352.5 million |
| Market revenue in 2030 | USD 9,037.1 million |
| Growth rate | 5.2% (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, Europe region accounted for 34.9% 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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Europe 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 50.62% in 2023. Horizon Databook has segmented the Europe pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
Europe has been at the forefront of the adoption of cogeneration or combined heat and power (CHP) technology. It refers to the simultaneous generation of electricity and heat recovery that was otherwise wasted during the power generation. According to statistics by European Association for the Promotion of Cogeneration, approximately 11% of the total electricity within the European Union (EU) is generated using cogeneration.
Additionally, cogeneration accounts for almost 15% of the total heat generated within the EU and has helped reduce the energy expenditure on heating and reduce greenhouse gas emissions. Thus, the growing popularity of cogeneration in various district heating systems within Europe is expected to drive the demand for pipe insulation over the forecast period.
The chemical manufacturing industry has been one of the main pillars of the European manufacturing sector. According to statistics by The European Chemical Industry Council, Europe emerged as the world’s second-largest chemical producer in 2018. The region accounted for about 23.4% of the total global sales.
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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 Europe pipe insulation market , including forecasts for subscribers. This continent databook contains high-level insights into Europe pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe pipe insulation market size, by country, 2018-2030 (US$M)
Europe Pipe Insulation Market Outlook Share, 2023 & 2030 (US$M)
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