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Canada pipe insulation market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.1% in the forecast period of 2021 to 2028 and is expected to reach USD 621.27 million by 2028.
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Market Overview:
However, change of chemical structure due to adulteration through insulating material in oil and petrochemicals and chemicals, adverse effects on marine life owing to growing pipe installations in sea and utilization of pipe insulation in the mechanical management of the food as well as pharmaceutical industry may restraint the growth of the market. Furthermore, high demand for pipe insulation due to growing petrochemicals industry in U.S. creates an opportunity for the market. Moreover, the factors which are challenging the market are the availability of substitutes such as electric trace heating and high cost and high time consumption in replacement of insulating material for pipes installed in sea and underground
The major companies operating in the pipe insulation are Saint-Gobain, 3M, BASF SE, Dow Izolan , Huntsman International LLC, All American Insulation Services Inc., ARMACELL, Commercial Thermal Solutions, Inc., PolarClad Tank Insulation, ROCKWOOL International A/S, Owens Corning, Mayes Coatings and Insulation, Inc., Commercial Thermal Solutions, Inc., Covestro AG, DUNMORE, GILSULATE INTERNATIONAL, INC, Great Lakes Textiles, Johns Manville, Kingspan Group and L'ISOLANTE K-FLEX S.p.A. among others domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Canada Pipe Insulation Market Scope and Market Size
Canada pipe insulation market is segmented into four segments based on product type, material type, temperature and application. The growth among segments helps you analyses niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of product type, the Canada pipe insulation market is segmented into thin films, foils, wraps, rigid insulation products, stone wool insulation covers, coating material and others. In 2021, the rigid insulation products segment is expected to dominate the market due to the easy availability of the rigid insulation products, its quality and consistent increasing demand in the market.
On the basis of material type, the Canada pipe insulation market is segmented into rockwool, fiberglass, polyurethane, polystyrene, polyolefin, polypropylene, polycarbonate, polyvinyl chloride, urea formaldehyde, phenolic foam, elastomeric foam and others. In 2021, the polyurethane segment is expected to dominate the market due to the quality, resistance and easy to clean nature. Thus, manufacturers also opting for polyurethane.
On the basis of temperature, the Canada pipe insulation market is segmented into hot insulation and cold insulation. In 2021, the cold insulation segment is expected to dominate the market due to the increasing in adaptation for wide application such as in automotive sector, transportation sector, constructions of building and infrastructures like commercial, residential and industrial.
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TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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