Published on : Sep 07, 2018
Albany, New York, September 7, 2018: To limit the hazardous impact of temperature fluctuations across industries, insulation of pipes and valves has emerged as a viable solution, thus bolstering growth in industrial pipe insulation market. In its recently added research report, 'Global Industrial Pipe Insulation Market Size, Status and Forecast 2018-2025', Market Research Hub (MRH) delves deep into ongoing developments and their pertinent implications on the growth of industrial pipe insulation market.
Manufacturers Eye Bio-based Insulators to Spur Growth in Industrial Pipe Insulation Market
Constantly driven by transitioning end-user expectations and industry demands, core market players in industrial pipe insulation market are laying primary focus on enhanced product portfolio aligning with consumer expectations as well as fast changing industry trends. Integration of novel insulating materials such as foam, cellulose as well as bio-based materials, in addition to existing ones has created fresh growth avenues for several manufacturers intending to sustain their dominance in industrial pipe insulation market.
Owens Acquires Paroc Group, Broadens Product Line for Industrial Pipe Insulation Market
Intending to widen product portfolio besides expanding geographical presence, leading player in industrial pipe insulation market, Owens Corning has recently disclosed its latest acquisition venture of Paroc Group, best known for mineral wool insulation. The venture will diversify Owen's product line by integrating apt insulation material for various end markets targeting thermal, acoustic and fire insulation. This recent development is expected to pave novel revenue streams besides earning Owens a lucrative footing in the competitive landscape of industrial pipe insulation market.
In-depth research elements compiled in the report segregates industrial pipe insulation market into two broad categories such as type and application. Based on type, industrial pipe insulation market is split as fiberglass pipe insulation, fiberglass board and blanket insulation, rockwool pipe insulation, and rockwool blanket insulation. In terms of application, the report segregates industrial pipe insulation market into several categories such as electric power, oil & gas, automotive, and chemical amongst others. Elaborate summary of market segments etched in the market allow readers to draw insightful business details on the implications of market segments in fostering growth in industrial pipe insulation market, besides enabling readers to identify the segment attributed for enhanced revenue streams.
Further, the report holds pertinent details on geographical scope of industrial pipe insulation market, according to which the market is demarcated as India, China, Japan, United States, Europe, Southeast Asia, and Central & South America.
Key Competitors: Industrial Pipe Insulation Market
Comprehensive research derivatives encapsulated in the report highlight the impact of various marketing practices in triggering preferred consumer response such as their buying behavior. New and existing market players upon thorough analytical review of these strategies gather vital statistical data based on profit driving marketing decisions are facilitated to register immense growth in industrial pipe insulation market. Core market players spotted in industrial pipe insulation market consist of Owens Corning, Paroc Group, Armacell, Ode Yalitim, and Kaimann Gmbh amongst Numerous Others.
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