Pre-Insulated Pipes Market to Reach US$ 14 Bn by 2027; Logistics Paralysis Due to COVID-19 Pandemic to Hinder Sales in the Near Term

Apr 14,2020 | Industrial Automation & Equipment

Pre-insulated pipes are becoming the backbone of smart infrastructure, and are used to supply fluids such as drinking water, steam, oil, and others to plants or desired destinations. The main purpose of pre-insulated pipes is to preserve the temperature of the fluid in the pipe without affecting the flowing fluid.

According to the latest research report published by Future Market Insights, the pre-insulated pipes market is projected to witness a healthy CAGR of over 8% during the forecast period of 2019-2027. Stringent regulations and standards on fluid supply in various end-use industries are further providing impetus to market growth.

However, the coronavirus (COVID-19) pandemic is adversely hitting the profit margins of pre-insulated pipe manufacturers. Large-scale lockdowns and restrictions on transportation & logistics implies production halts and worker scarcity.  China, where the pandemic initially began, is the leading supplier of raw materials required for the manufacturing pre-insulated pipes. As such, production downtime in various industries in the country has widened the demand-supply gap. As the COVID-19 pandemic continues to spread, the pre-insulated pipes market is expected to stumble in the near term.

“Key Manufacturers are focusing on mergers & acquisitions to maintain their global presence. In addition, small- and medium-scale players are emphasizing on meeting the demand from various end users such as oil & gas industry in a bid to enrich their profit margins.”

For More Detailed Insights on Pre-insulated Pipes Market

pre insulated pipes market share by region, 2018 pr

Key Takeaways of Pre-insulated Pipes Market Study

  • Pre-insulated pipes are finding utilization in various end-use industries such as construction, food & beverages, oil & gas, chemicals & petrochemicals, pharmaceuticals, and marine & transportation. Therefore, pre-insulated pipes are expected to generate noteworthy business opportunities to stockholders in the coming decade. 
  • Coating/insulated materials such as polyurethane foam, mineral wool, fiberglass, and calcium calcite, among others, are key focus areas for leading manufacturers. 
  • The twin type pre-insulated pipe segment is projected to grow at a healthy rate over the forecast period, owing to their various benefits as compared to single type pre-insulated pipes. However, the single pipe segment is likely to flourish in the Asia Pacific (APAC) region due to rising smart infrastructure projects.
  • North America holds a prominent share in the global pre-insulated pipes market, owing to increasing demand for clean drinking water from colder regions. On the other hand, APAC is expected to grow at a stellar CAGR in the global pre-insulated pipes market, driven by top-line growth of the construction industry. Moreover, strict regulations and standards such as EN 253 for district heating pipes are anticipated to propel the pre-insulated pipes market in the coming years. 

Pre-insulated Pipes Market: Competitive Landscape

The global pre-insulated pipes market is highly fragmented due to the presence of several local players that offer products for various end users. Leading manufacturers such as LOGSTOR A/S, Uponor Corporation, Polypipe Group plc, GF Piping Systems, Watts Water Technologies, and Kabelwerke Brugg, among others, are estimated to account for 15-20% share in the global market.

Polyurethane is Material of Choice Amongst End Users 

End users such as drinking water suppliers, chemical fluid suppliers, and others are increasingly demanding polyurethane (PU) derived pre-insulated pipes. The coating of PU material can reduce nearly 40% heat loss as compared to traditional pipes. Thus, the quality of the fluid and the total life of the pipe can be increased by coating PU material over the outer portion of the pre-insulated pipe.

More Valuable Insights on Pre-insulated Pipes Market

The research report analyses total sales of pre-insulated pipes based on volume (thousands units) and value (US$ Mn). The report provides a competition analysis section that includes company profiles, market structure analysis, competition development, competition dashboard, and other essential information about global and regional players in the market. FMI forecasts the market value and volume based on macroeconomic factors and forecast factors. Knowing the degree of fragmentation in the global pre-insulated pipes market, FMI has also included key success factors such as pipe installation cost, innovation in coatings and jacketing materials, product life, and others.

For additional information, write to the analyst at [email protected]

About Industrial Automation & Equipment division of FMI

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry stakeholders and channel partners when it comes to sustain, grow, and identify new revenue prospects.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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