Future Market Insights
Insulation is mainly done to retard the flow of heat. Pipe insulation is done in places where the operational temperature is above or below ambient temperature. Industrial pipe insulation is done to conserve energy by reducing heat loss or gain. It is also done to prevent the condensation of water vapour on the surface, which can cause corrosion. Insulation prevents the transfer of energy through conduction and maintains the ambient temperature, which will definitely increase the operational efficiency. Other than this, industrial pipe insulation also controls surface temperature for personnel protection. Industrial pipe insulation also prevents or reduces the damage of equipment from the corrosive atmosphere as well as prevents the heating of surrounding from radiant heat from the heated pipe. Industrial pipe insulation is also used in many manufacturing industries such as petrochemical, power and chemical to assist the mechanical systems in meeting the criteria for processing. There are basically four types of insulation done in industries, which are fiberglass pipe insulation, fiberglass board and blanket insulation, Rockwool pipe insulation and Rockwool blanket insulation. Wherein, fiberglass insulation is a one piece, high-density insulation made from inorganic glass fibre. It is used on piping systems in power and industrial applications as well as institutional and commercial buildings. It can be used in a system with temperature ranging from 0° to 1000°F. Fibreglass board and blanket insulation are used for piping, as well as air-conditioning and heating ducts, wall and roof panel systems, power and process equipment, boiler and stack installations, tanks, valves, etc. Rockwool pipe insulation type is actually precision cut pipe coverings and is made from high-density mineral wool. It has much applications in systems with temperature range, 120°F - 1200°F. These insulations are mainly used in petrochemical industry, power plants, it is also used for steam and process pipework and for hot/cold water systems. Rockwool can also be used for the temperature up to 1200°F. It is flexible and can easily be wrapped around the pipe and its applications include, large piping, groups of parallel pipes, breechings and flanged fittings and high-temperature duct systems.
Industrial Pipe Insulation Market:Market Dynamics
Increasing industrialization across the world is one of the major drivers for the industrial pipe insulation market. Moreover, increasing demand for an effective temperature control solution as well as increased emphasis on conservation of energy by reducing heat loss or gain to reduce operational cost will trigger the replacement of previously installed temperature control solutions. This will affect the growth of industrial pipe insulation market positively during the forecast period. Moreover, stringent regulations related to health and safety of the employees will also bolster the market of industrial pipe insulation. However, the abrading nature as well as high cost of insulation can act as restraints to this market. Also, availability of substitutes such as electric trace heating will hamper the market of industrial pipe insulation.
Industrial Pipe Insulation Market:Market Segmentation
Segmentation ofindustrial pipe insulation market can be doneon the basis of type as follows:
Fiberglass pipe Insulation
Fiberglass board and blanket insulation
Rockwool pipe insulation
Rockwool blanket insulation
Segmentation of industrial pipe insulation market can be doneon the basis of application as follows:
Prevention of corrosion.
Prevent heat loss.
Segmentation of industrial pipe insulation market can be doneon the basis of end use industry as follows:
Electric power industry
Food and beverages industry
Oil and gas industry
General manufacturing industry
Industrial Pipe Insulation Market: Regional Outlook
Asia Pacific is a major market in terms of growth, in industrial pipe insulation market due to substantial growth of chemical industry, polymer industry, etc. in countries such as India and China. Asia Pacific is followed by North America and Europe, which also hold major shares in the industrial pipe insulation market, which is chiefly due to the growth of the construction industry in these regions.
Industrial Pipe Insulation Market: Market Participants
Some of the examples of the market participants in the global industrial pipe insulation market, identified across the value chain are:
L'ISOLANTE K-FLEX S.p.A.
GILSULATE INTERNATIONAL, INC
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