Pipe Insulation Market is Projected to reach $10.3 Billion by 2023
Pipe Insulation Market by Material Type (Rockwool, Fiberglass, Polyurethane & Polyisocyanurate Foam, Elastomeric Foam), Application( Oil, Industrial, District Energy Systems, Building & Construction), and Region- Global Forecast to 2023", published by MarketsandMarkets™, the Pipe Insulation Market size is projected to reach USD 10.3 billion by 2023, at a CAGR of 3.4% from an estimated USD 8.7 billion in 2018. The growing demand for district energy systems is projected to drive the demand for pipe insulation in all regions. In addition, the necessity to insulate pipelines to save energy is another reason driving the Pipe Insulation Market. The growing production of oil in countries such as the US, Saudi Arabia, Iran, and Russia is also fueling the growth of the Pipe Insulation Market. Rapid industrialization in APAC, especially in China and India, is another factor driving the demand for pipe insulation materials in industrial plants. Request for Free Sample Report @