As Industrialization Increases and HVAC Systems Become More Prevalent, the Market for Pipe Insulation Films Will Grow.
The purpose of pipe insulation films is to protect pipes, fittings, structures, and other objects from corrosion, whether they are placed above ground, buried, or submerged in water.
As a preventive measure against the environment, the metal structure must be protected by a layer of film covering the entire surface. In addition to being heat-resistant, the films are extremely rigid, come in a range of colors, and are available on a variety of surfaces.
Specifically, these films are responsible for serving as a surface on which adhesive tapes can be adhered to. This film is suitable for adhesive packaging tapes, including printed and unprinted tapes, adhesive double-sided tapes, contour and embossed cosmetic labels, plaster tapes with embossed cover and removal films, silicone glass fiber tapes, double-sided adhesive tapes, and self-adhesive presentation products.
These films can be used for a variety of applications, including building films, labels, print blankets, greenhouses, floor heating, battery separators, and lampshades.
In addition to its protective properties, the film also has the ability to be impermeable to grease, gases, and oil, plus virtually impervious to moisture. The industrial and commercial environments have unique challenges that need to be addressed by building professionals.
Engineers and contractors must specifically overcome issues that arise from extreme pipe temperatures in terms of efficiency and safety within the pipeline construction process. Construction of buildings containing copper, iron, PVC, CPVC, stainless steel, and PVC pipes requires pipe insulation, with temperature ranges of -18°F to 538°F.
By insulating pipes to a great extent, energy losses can be reduced to a high degree, thereby reducing energy costs. Piping shall be insulated as per the insulation class, operating temperature, and insulation thickness stated in the P&ID.
The Energy Information Administration (EIA) of the U.S. predicts that buildings will consume 39% of the nation's energy in 2019 (2019). Indoor air quality (IAQ) is achieved by heating, ventilating, and air conditioning (HVAC) systems. Approximately 49% of the electricity used by commercial buildings is accounted for by HVAC systems, according to the EIA.
Managing heat transfer and condensation for HVAC systems is primarily influenced by proper installation, commissioning, and service plans. Most building owners have a desire for an energy-efficient and properly-sized HVAC system in their building. When the design, installation, and maintenance of HVAC pipe insulation are done properly, building owners can reap some of the most rapid returns on their investment.
Pipe insulation is important to protect pipes from various climatic factors such as temperature, humidity, moisture and others. In the same manner, insulation of pipes is necessary as they carry fluids such as water as well as sensitive fluids such as LPG, natural gas, or other petroleum product. All these products have different temperature and atmospheric conditions.
Many kinds of insulations are available in the market for pipes such as rubber, plastic or cement. Nowadays, films are generally used for insulating pipes due to their excellent barrier property against temperature change, moisture and other factors. Pipe insulation films market is triggered by the fact that pipes and pipelines operate in different temperature conditions.
If pipes are used at below normal temperature, then there is a possibility of formation of condensation on pipework, which contribute towards corrosion. Sometimes it is possible that the pipes operate in places where temperature drops very low. It might lead to failure of pipework due to expansion of pipes.
Pipe insulation films can be made up of materials such as polyurethane, polyvinyl chloride, polyester and others. Due to all these factors, the growth outlook for the global insulation films market is expected to remain largely positive during the forecast period.
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Global pipe insulation films market: Dynamics
The global pipe insulation films market is growing with increasing industrialization across the globe. Pipes and pipelines are required in a wide range of industries such as chemical industry, oil and gas industry, food & beverage industry and others. This is expected to boost the global pipe insulation films market growth during the next decade.
Pipe insulation films possess various properties such as temperature resistance ranging from approximately -20? to 60? Celsius. In addition, it requires low maintenance. These factors are expected to drive the global pipe insulation films market during the forecast period. Pipe insulation films help in controlling unwanted heat loss and heat gain during transit, which reduces operational cost of industries.
It is expected to facilitate growth of the market for pipe insulation films over the next decade. These pipe insulation films can also act as sound barrier when fluid is flowing through it. Also, government regulations related to safety and health of employees will strengthen the market growth of pipe insulation films during the forecast period.
Factors which might hamper the growth of global pipe insulation films market over the forecast period is its installation prices, and its corroding nature. Also, availability of different alternate solutions to pipe insulations are expected to restrict the pipe insulation films market during the forecast period.
Global pipe insulation films market: Regional Outlook
Based on regions, the global pipe insulation films market is divided into seven regions namely:
North America
Western Europe
Asia Pacific except Japan
Eastern Europe
Latin America
Middle East and Africa
Japan
The APEJ region is expected to witness high growth in pipe insulation films markets due to significant growth of polymer industry, oil & gas industry, chemical industry and other industries. This factor is expected to drive the growth of pipe insulation films market in this region.
North America and Western Europe regions are also expected to witness higher growth in pipe insulation films market over the forecast period as these regions have a largely organized and diverse range of industries.
Japan is anticipated to witness lucrative growth due to established manufacturing units in the region and it has a saturated market. Latin America and Eastern Europe are expected to witness average growth due to limited industrial activity in the region. MEA is expected to witness high growth due to the flourishing oil & gas industry in the region.
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Global pipe insulation films market
Key Players
Few of the key market players in the global pipe insulation films market are - Klöckner Pentaplast, Cellofoam GmbH & Co. KG, Dunmore, Knauf Insulation, among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
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Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global pipe insulation films market: Segmentation
On the basis of material, the global pipe insulation films market has been segmented as:
Polyester
Polyurethane
Polyvinyl Chloride
Aluminium
Others
On the basis of application, the global pipe insulation films market has been segmented as:
Moisture control
Temperature control
Protection
Control heat transfer
Others
On the basis of end use industry, the global pipe insulation market has been segmented as:
