Middle East & Africa Pipe Insulation Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$1,090.0

Forecast, 2030 (US$M)

$1,505.3

CAGR, 2024 - 2030

4.7%

Report Coverage

Middle East & Africa

Middle East & Africa pipe insulation market, 2018-2030 (US$M)

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Italy Pipe Insulation Market Outlook

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UK Pipe Insulation Market Outlook

Asia Pacific Pipe Insulation Market Outlook

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Latin America Pipe Insulation Market Outlook

MEA pipe insulation market highlights

The MEA pipe insulation market generated a revenue of USD 1,090.0 million in 2023.
The market is expected to grow at a CAGR of 4.7% 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.

MEA data book summary

Market revenue in 2023	USD 1,090.0 million
Market revenue in 2030	USD 1,505.3 million
Growth rate	4.7% (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, MEA region accounted for 6.0% 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

Middle East & Africa 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 50.8% in 2023. Horizon Databook has segmented the Middle East & Africa pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.

The Middle East and Africa region accounts for over 50% of the total crude oil production in the world. The region is characterized by the presence of the major oil-producing economies such as Saudi Arabia, Oman, Angola, and Kuwait. These countries have made substantial investments to increase downstream processing capacities.

For instance, KNPC, Kuwait’s national oil refiner has commissioned a project to expand and upgrade Mina Abdullah and Mina Al-Ahmadi Refineries into an integrated refining complex with a total capacity of 800,000 barrels per day. The project is envisioned to boost the production of clean fuels conforming to Euro-4 specifications.

Thus, rising investments in upgradation and development of oil refining capacities are expected to drive the demand for pipe insulation in the region. Qatar is the world’s largest exporter of LNG. According to the International Gas Union statistics, the country’s export volume stood around 77.8 million tons, accounting for almost 22% of the total LNG export volume in the world.

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Target buyers of Middle East & Africa 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.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa pipe insulation market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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