UK Pipe Insulation Market Size & Outlook, 2023-2030
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UK pipe insulation market highlights
- The UK pipe insulation market generated a revenue of USD 774.4 million in 2023 and is expected to reach USD 1,025.7 million by 2030.
- The UK market is expected to grow at a CAGR of 4.1% 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 774.4 million |
| Market revenue in 2030 | USD 1,025.7 million |
| Growth rate | 4.1% (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, UK accounted for 4.2% 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 |
|---|---|---|---|---|
| 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 |
UK 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 50.48% in 2023. Horizon Databook has segmented the UK pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
The chemical and pharmaceutical industries together accounted for turnover of about USD 72.9 billion in 2018 and emerged as the second-largest manufacturing sector after the food, beverages, and tobacco processing industry. Additionally, the country is home to well-established downstream processing industries.
Thus, increasing investment in the development of new production facilities, coupled with the emphasis on industrial safety, is driving the demand for process pipes and pipe insulation materials. The country’s district heating market is relatively small when compared to other countries in mainland Europe.
However, the district heating systems is witnessing growing interest from domestic and foreign investors. This can be attributed to favorable policy structure and government initiatives to promote the adoption of district heating. In 2018, the Department for Business, Energy, and Industrial Strategy of the UK put forward an ambitious plan to achieve 17% of the total heating needs through heat networks by 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK pipe insulation market , including forecasts for subscribers. This country databook contains high-level insights into UK pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK pipe insulation market size, by application, 2018-2030 (US$M)
UK Pipe Insulation Market Outlook Share, 2023 & 2030 (US$M)
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