Market revenue in 2023 | USD 1,233.7 million |
Market revenue in 2030 | USD 1,830.9 million |
Growth rate | 5.8% (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. |
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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 50.64% in 2023. Horizon Databook has segmented the Germany pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
Some of the largest chemical companies in the world, including Henkel, BASF, Evonik, and Covestro, are based out of Germany. Chemical and pharmaceutical industries are together the third largest in Germany after the automotive and machinery and equipment industries.
The establishment of highly integrated, globally competitive clusters and chemical parks has played a significant role in the development of the chemical industry. Energy expenditure accounts for a significant portion of manufacturing costs owing to high energy prices.
As a result, the chemical industry is focusing on installing energy-efficient production systems, thereby driving the demand for pipe insulation. Germany is the largest market for district heating & cooling systems within Europe.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany pipe insulation market , including forecasts for subscribers. This country databook contains high-level insights into Germany pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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