India Pipeline Thermal Insulation Materials Market: Development of Sustainable Energy & Environmental Concerns Motivating Market Growth during 2018-2026
The India pipeline thermal insulation materials market is expected to register significant growth in the near future, primarily due to the rapid industrial growth being driven by favourable government policies and initiatives, such as “Make in India” initiative, and attractive foreign direct investment (FDI) policies.
Rockville, MD, Aug. 31, 2018 (GLOBE NEWSWIRE) -- Fact.MR has published a new research study titled “India Pipeline Thermal Insulation Materials Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2026”, which discourses vital information related to the market scenario prevailing across the pipeline thermal insulation materials sector in India. The need for pipe insulation materials is considered important due to their effectiveness to maintain an acceptable/desired temperature for pipelines and any substance, such as steam, hot air, thermic fluid etc., which flows through the pipe. Demand from various industries like chemical & petrochemical, food processing and oil & gas, is bolstering the pipe insulation materials market in the Indian region. As per research findings, the concerned market is expected to expand at 7.9% CAGR during the forecast period.
It has been analyzed that, growing environmental concerns merged with increasing focus towards development of sustainable energy as well as increasing adoption of insulation materials are seen as some of the crucial factors impacting the demand for pipeline thermal insulation materials in India. This research report initiates with market overview and market definition, followed by market taxonomy and key specification. Readers can further access details associated to macroeconomic factors, key success factors and end use industries overview. In order to understand the degree of competition, Porter’s Five Force analysis is also enclosed in this intelligent study.
Regional Analysis of India Pipeline Thermal Insulation Materials Market
According to research specifics, India pipeline thermal insulation materials market is divided into four segments. Looking at the regional perspective, the western region is anticipated to dominate the India pipeline thermal insulation materials market in terms of production and consumption. Furthermore, the northern and southern markets are expected to trail the western region on the basis of pipeline thermal insulation materials consumption.
Market Segmentation
Based on product type, the rock mineral wool segment is likely to retain its supremacy in the India pipeline thermal insulation materials market during the forecast period (2018-2026). This segment is expected to account for a volume share exceeding 50% by 2018-end. Moreover, glass mineral wool is likely to follow the rock mineral wool segment; it manages a volume share of almost 1/7th of the overall market share. Considering the temperature aspect, the India pipeline thermal insulation material market is categorized into 100 °C – 200 °C, 200 °C – 500 °C and above 500 °C. Among these, the 200 °C – 500 °C segment leads the target market and is likely to remain dominant until 2026.
Based on end-use industry, the India pipeline thermal insulation materials market is segmented into pharmaceutical, mining & metallurgy, chemical, food & beverage, oil & gas, power plant and others. Each of these segments are examined on the basis of market size (US$ Mn) and market attractiveness analysis.
Interestingly, the pipeline thermal insulation materials market across the country is majorly fragmented due to the presence of several small-scale manufacturers, and this increases the level of competitiveness among companies. The research report discusses some of the leading companies functioning in the India pipeline thermal insulation materials market such as U.P. Twiga Fiberglass Limited, Murugappa Morgan Thermal Ceramics Limited, Dhanbad Rockwool Insulation Pvt. Ltd., NGP Industries Limited, Rockwool India Pvt. Ltd., Lloyd Insulations (India) Ltd., HIL Limited and Aspen Aerogels Inc., Rockwool International A/S among others.
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