Latin America Pipe Insulation Market Size & Outlook
Related Markets
Latin America pipe insulation market highlights
- The Latin America pipe insulation market generated a revenue of USD 1,255.9 million in 2023.
- The market is expected to grow at a CAGR of 4% 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.
Latin America data book summary
| Market revenue in 2023 | USD 1,255.9 million |
| Market revenue in 2030 | USD 1,651.4 million |
| Growth rate | 4% (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, Latin America region accounted for 6.9% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Pipe Insulation Market Scope
Pipe Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Gilsulate International, Inc. | View profile | 1-10 | Santa Clarita, California, United States, North America | http://gilsulate.com/ |
| NMC International | View profile | 1001-5000 | Weiswampach, Diekirch, Luxembourg, Europe | https://nmc.eu |
| Knauf Insulation | View profile | 5001-10000 | Simbach, Bayern, Germany, Europe | https://www.knaufinsulation.de |
| Armstrong World Industries Inc | View profile | 3100 | 2500 Columbia Avenue, Lancaster, PA, United States, 17603 | https://www.armstrongceilings.com |
| Berkshire Hathaway Inc Class A | View profile | 396500 | 3555 Farnam Street, Omaha, NE, United States, 68131 | https://www.berkshirehathaway.com |
| Sekisui Chemical Co Ltd | View profile | 26838 | 4-4, Nishitenma 2-Chome, Kita-ku, Osaka, Japan, 530-8565 | http://www.sekisui.co.jp |
| Rockwool AS Class B | View profile | 12017 | Hovedgaden 584, Hedehusene, Denmark, 2640 | https://www.rockwool.com |
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Lydall | View profile | 1001-5000 | Manchester, Connecticut, United States, North America | http://lydall.com |
| Kingspan Group PLC | View profile | 22384 | Dublin Road, Kingscourt, County Cavan, Ireland, A82 XY31 | https://www.kingspan.com |
| Compagnie de Saint-Gobain SA | View profile | 168508 | 12, Place de l'Iris, Tour Saint-Gobain, Courbevoie, France, 92400 | http://www.saint-gobain.com |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Latin America 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 50.72% in 2023. Horizon Databook has segmented the Latin America pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
The Central & South America pipe insulation market is expected to witness average growth over the forecast period. Economic and political instability in countries such as Venezuela, Bolivia, Chile, and Argentina is affecting the investor sentiments in the region. In addition, the investments in industrial sector are expected to witness a major downturn in 2020 owing to the recent outbreak of COVID-19.
The dramatic fall in crude oil prices has led to a drop in fiscal resources for oil-producing countries in the region. Thus, the lack of financial stability in these countries is expected to affect the overall industrial progress in the region and influence the demand for pipe insulation.
The demand for natural gas as a greener alternative to traditional fossil fuels is rising in the region. Brazil and Colombia have emerged as two of the largest LNG importers in the region. These countries are rapidly expanding their LNG regasification capacities, which is expected to generate robust demand for pipe insulation over the forecast period.
Reasons to subscribe to Latin America pipe insulation market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America pipe insulation market databook
-
Our clientele includes a mix of pipe insulation market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pipe insulation market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America Pipe Insulation Market Outlook Share, 2023 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
