U.S. Pipe Insulation Market Size & Outlook, 2023-2030
U.S. pipe insulation market, 2018-2030 (US$M)
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U.S. pipe insulation market highlights
- The U.S. pipe insulation market generated a revenue of USD 2,989.0 million in 2023 and is expected to reach USD 4,338.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.5% 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 2,989.0 million |
| Market revenue in 2030 | USD 4,338.5 million |
| Growth rate | 5.5% (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, U.S. accounted for 16.4% 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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U.S. 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 50.76% in 2023. Horizon Databook has segmented the U.S. pipe insulation market based on building & construction, industrial, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
District heating systems (DHC) are being adopted in a major way in the U.S. The growth of DHC is primarily being driven by increased electricity tariffs, rising environmental awareness, and technological advances.
Various metropolitan areas within the U.S., including San Francisco, New York, Milwaukee, Denver, and Seattle, among others, extensively use district heating systems to serve the space heating and water requirements of both residential and commercial buildings within their distribution network.
As a result, the sector is generating an incremental demand for pipe insulation materials to prevent heat loss during the transportation phase and increase the energy efficiency of overall system.
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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 country-level data and insights on the U.S. pipe insulation market , including forecasts for subscribers. This country databook contains high-level insights into U.S. pipe insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. pipe insulation market size, by application, 2018-2030 (US$M)
U.S. Pipe Insulation Market Outlook Share, 2023 & 2030 (US$M)
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