Mexico Pipe Insulation Market Size & Outlook, 2023-2030
Mexico pipe insulation market, 2018-2030 (US$M)
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Mexico pipe insulation market highlights
- The Mexico pipe insulation market generated a revenue of USD 701.4 million in 2023 and is expected to reach USD 990.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.1% 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 701.4 million |
| Market revenue in 2030 | USD 990.9 million |
| Growth rate | 5.1% (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, Mexico accounted for 3.8% 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 North America, U.S. pipe insulation market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 4,338.5 million by 2030.
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Pipe Insulation Market Scope
Pipe Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 50.84% in 2023. Horizon Databook has segmented the Mexico pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
The downstream & petrochemical processing industry in Mexico has witnessed a rising investment owing to the government’s decision to end the monopoly of a state-owned petroleum company PEMEX over the petroleum sector.
The country has witnessed a rapid rise in natural gas production owing to participation by the private sector in exploration and extraction activities, thereby driving the demand for pipe insulation. Mexico is witnessing growing investments in the development of natural gas liquefaction plants, which is driving the demand for pipe insulation materials.
For instance, Mexico Pacific Limited LLC is developing LNG liquefaction project on Mexico’s Pacific coast at Puerto Libertad. Additionally, Sempra Energy is expected to make an investment worth USD 1.9 billion in the development of the Costa Azul plant located on the Pacific coast in Baja state.
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Our clientele includes a mix of pipe insulation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the Mexico pipe insulation market , including forecasts for subscribers. This country databook contains high-level insights into Mexico pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico - north america pipe insulation market size, by application, 2018-2030 (US$M)
Mexico Pipe Insulation Market Outlook Share, 2023 & 2030 (US$M)
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