Growing world population benefits the Global Pipe Insulation Market Overview:
The pipe Insulation market is projected to reach 47% by 2022, exhibiting almost 2% increase in market share. The market for pipe and fittings can be categorized based on the material used, applications, and geographical regions. Based on the material type the market can be segmented into steel pipe, copper pipe, aluminum pipe, glass pipe, plastic pipe and polyvinyl chloride (PVC) pipe. PVC pipes are further segmented into Rigid Polyvinyl chloride (RPVC) and Chlorinated Polyvinyl chloride (CPVC) and fittings can be selected based on the end use application. Pipes and fittings are used for domestic and commercial purposes, and has got a wide scale of applications as it has been used in every aspect from household to industrial appliances. Depending upon the end use applications, the market for pipe insulation can be segmented as domestic and industrial applications.
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Pipe Insulation Market Drivers and Restraints:
With the continuously growing population, the market for construction materials is on high demand. Being a vital requirement, pipes and fittings are the prerequisite for housing. Urbanization has led to the increase in drainage requirement with a wide network of connection. In order to cope with advanced piping connection, there is an increased demand for pipes and fitting market to fuel up. As most of the pipes and fittings are installed underground in case of any breakdown or failure, the maintenance cost can be much higher. Use of synthetic materials for piping is increasing widely which helps to overcome the drawbacks of copper or aluminum pipes like that of complex installation process, maintenance issues and many more.
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Pipe Insulation Market Geographic segmentation:
The Pipe Insulation Market is geographically segmented into North America, Latin America, Europe, Asia Pacific and Japan, and Middle East and Africa. Increasing construction activities in both the residential and commercial sectors is touted to promote the market for pipe insulation in different regions of the world.
Some of the key Players in this Pipe Insulation Market Report are:
Saint-Gobain, Grohe Corporation, Jaquar Corporation, Kohler Company, Hindustan Sanitaryware and Industries Ltd (Hindware), Aliaxis Group, Alumasc Building products, Aluminum Roofline Products (ARP), Amazon Civils, Anglian Home Improvements, Ash and Lacy Building Systems, Marley Plumbing and Drainage, McAlpine and Co., Pegler Yorkshire Group, PF Copeland Rainwater Systems among others.
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