Latin America Pipe Insulation Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$1,255.9

Forecast, 2030 (US$M)

$1,651.4

CAGR, 2024 - 2030

Report Coverage

Latin America

Latin America pipe insulation market, 2018-2030 (US$M)

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Europe Pipe Insulation Market Outlook

Germany Pipe Insulation Market Outlook

France Pipe Insulation Market Outlook

Italy Pipe Insulation Market Outlook

Spain Pipe Insulation Market Outlook

UK Pipe Insulation Market Outlook

Asia Pacific Pipe Insulation Market Outlook

Japan Pipe Insulation Market Outlook

China Pipe Insulation Market Outlook

India Pipe Insulation Market Outlook

Australia Pipe Insulation Market Outlook

South Korea Pipe Insulation Market Outlook

MEA Pipe Insulation Market Outlook

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.

Key Regions: U.S. , UK , Japan , Canada , Mexico

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Pipe Insulation Market Scope

Pipe insulation market segmentation & scope

Application

Building & Construction

Transportation

Industrial

Appliances

Others

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

Canada

Mexico

U.S.

Germany

France

Italy

Spain

China

India

Japan

South Korea

Australia

Pipe Insulation Market Companies

Name	Profile	# Employees	HQ	Website

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.

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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.
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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.

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