Spain Pipe Insulation Market Size & Outlook, 2023-2030
Spain pipe insulation market, 2018-2030 (US$M)
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Spain pipe insulation market highlights
- The Spain pipe insulation market generated a revenue of USD 696.3 million in 2023 and is expected to reach USD 952.6 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.6% 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 696.3 million |
| Market revenue in 2030 | USD 952.6 million |
| Growth rate | 4.6% (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, Spain 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 Europe, Germany pipe insulation market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,830.9 million by 2030.
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Pipe Insulation Market Scope
Pipe Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 50.7% in 2023. Horizon Databook has segmented the Spain pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
The chemical industry has emerged as the second-largest contributor to Spain’s economy with a total turnover of about USD 77.8 billion in 2018. Additionally, the sector has emerged as the second largest exporter and a leading investor in R&D activities within the country.
The chemical industry has been declared as a strategic sector for the economy by the Government of Spain and has witnessed increasing investments over the past decade, generating robust demand for pipe insulation.
The number of district heating systems operating in the country has steadily increased over the past decade. Currently, the country has around 348 operational district heating networks. Focus on reducing the reliance on fossil fuels for household heating needs and reducing greenhouse gas emissions is expected to drive investments in the district heating sector, thereby driving the demand for pipe insulation materials over the forecast period.
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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 Spain pipe insulation market , including forecasts for subscribers. This country databook contains high-level insights into Spain pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain pipe insulation market size, by application, 2018-2030 (US$M)
Spain Pipe Insulation Market Outlook Share, 2023 & 2030 (US$M)
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