Japan Pipe Insulation Market Size & Outlook, 2023-2030
Japan pipe insulation market, 2018-2030 (US$M)
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Japan pipe insulation market highlights
- The Japan pipe insulation market generated a revenue of USD 723.5 million in 2023 and is expected to reach USD 1,082.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.9% 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 723.5 million |
| Market revenue in 2030 | USD 1,082.7 million |
| Growth rate | 5.9% (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, Japan accounted for 4.0% 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 Asia Pacific, China pipe insulation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 962.5 million by 2030.
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Pipe Insulation Market Scope
Pipe Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 50.88% in 2023. Horizon Databook has segmented the Japan pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
Pipe insulation is used in regasification plants for insulating the process pipes carrying LNG. Japan is heavily dependent on crude oil and natural gas imports for meeting the energy requirements. As of 2019, it was the world’s largest importer of LNG with a total import volume of 76.9 million tons.
According to the International Gas Union Statistics, Japan has the world’s largest regasification capacity of 210.5 MTPA. As of February 2020, it represents about 25% of the global regasification capacity. In 2019, Japanese chemical industry accounted for about USD 180 billion in sales and emerged as the second-largest manufacturing sector within the country.
Some of its largest chemical exports include drugs & pharmaceutical active ingredients, agrochemicals, and adhesives among others. However, the rising production cost is one of the major factors leading to decelerated growth of chemical industry and affecting the demand for pipe insulation.
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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 Japan pipe insulation market , including forecasts for subscribers. This country databook contains high-level insights into Japan pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan pipe insulation market size, by application, 2018-2030 (US$M)
Japan Pipe Insulation Market Outlook Share, 2023 & 2030 (US$M)
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