Italy Pipe Insulation Market Size & Outlook, 2023-2030
Italy pipe insulation market, 2018-2030 (US$M)
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Italy pipe insulation market highlights
- The Italy pipe insulation market generated a revenue of USD 925.5 million in 2023 and is expected to reach USD 1,342.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.5% 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 925.5 million |
| Market revenue in 2030 | USD 1,342.1 million |
| Growth rate | 5.5% (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, Italy accounted for 5.1% 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 Europe, Germany pipe insulation market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,830.9 million by 2030.
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Pipe Insulation Market Scope
Pipe Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 50.74% in 2023. Horizon Databook has segmented the Italy pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
Italy was the third-largest chemical manufacturer in Europe, with a total turnover of over USD .61 billion in 2019. High innovation, flexibility, just-in-time, and fulfillment are some of the factors that are driving the growth of the Italian chemical industry. However, relatively higher energy and logistics costs are restraining the growth of the chemical sector.
Investments in indigenous oil & gas production are expected to increase in the wake of efforts undertaken by the government to revive hydrocarbon production in Italy. A significant part of this indigenous production is exported to Spain owing to its lack of indigenous production. The growth of the oil & gas industry in the country is expected to augment the use of pipe insulation over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy pipe insulation market , including forecasts for subscribers. This country databook contains high-level insights into Italy pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy pipe insulation market size, by application, 2018-2030 (US$M)
Italy Pipe Insulation Market Outlook Share, 2023 & 2030 (US$M)
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