(I-BusinessNews.Com, March 16, 2019 ) Fact.MR delivers key insights on theÂ India pipeline thermal insulation materials marketÂ in its latest report titled ÂIndia pipeline thermal insulation materials market: Forecast, Trend Analysis and Competition Tracking, 2018Â2026.Â The long-term outlook of the India pipeline thermal insulation materials market is expected to remain positive and the market is expected to expand with a CAGR of 7.9% during the forecast period (2018Â2026), primarily driven by the positive economic outlook in the country.
On the basis of material type, the rock mineral wool segment is expected to dominate the India pipeline thermal insulation materials market and account for nearly one-third of the overall revenue generation. Attributed to their superior properties, aerogel and microporous insulation are expected to be the fastest growing segments in the India pipeline thermal insulation materials market. The India pipeline thermal insulation materials market, in 2017, was pegged at 39,800 tons and is anticipated to reach 42,137 tons by the end of 2018.
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Growing environmental concerns, increasing focus on the development of sustainable energy and increasing adoption and use of insulation materials for process applications are some of the factors that are expected to push the demand for pipeline thermal insulation materials across a diverse set of industries, including oil & gas, power generation, food & beverages and chemicals & petrochemicals, among others.
To understand and assess opportunities in the India pipeline thermal insulation materials market, we have divided the report into four sections based on market segmentation as under:
By Product Type
By End Use Industry
On the basis of product type, the rock mineral wool segment is projected to retain its dominance in the India pipeline thermal insulation materials market throughout the forecast period, accounting for a volume share of over 50% by the end of 2018. Glass mineral wool is expected to follow the rock mineral wool segment in the India pipeline thermal insulation materials market with a volume share of almost 1/7thÂ of the overall market share.
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On the basis of temperature, the India pipeline thermal insulation material market has been segmented into 100 Â°C Â 200 Â°C, 200 Â°C Â 500 Â°C and above 500 Â°C. The 200 Â°C Â 500 Â°C segment dominates the Indian pipeline thermal insulation materials market and is expected to remain dominant throughout the forecast period
The pipeline thermal insulation materials market in the country is highly fragmented with a number of small-scale manufacturers and intense rivalry among companies. The report highlights some of the leading companies operating in the India pipeline thermal insulation materials market such as Murugappa Morgan Thermal Ceramics Limited, U.P. Twiga Fiberglass Limited, NGP Industries Limited, Dhanbad Rockwool Insulation Pvt. Ltd., Lloyd Insulations (India) Ltd., Rockwool India Pvt. Ltd., Rockwool International A/S, HIL Limited and Aspen Aerogels Inc., among others.
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