Global Pipe Insulation Market Forecast to 2023: Mineralwool is Expected to Dominate the Pipe Insulation Market

 

The Mineralwool pipe insulation market size is projected to grow from USD 8.7 billion in 2018 to USD 10.3 billion by 2023

 

Growth in district energy systems and huge production of oil are expected to drive the demand for Mineralwool pipe insulation during the forecast period. However, corrosion under insulation (CUI) acts as a challenge to the growth of the pipe insulation market.

 

Mineralwool Pipe insulation is composed of materials or a combination of materials, which add a protective covering to pipes and reduce the heat loss or heat gain from surfaces operating at temperatures above or below the surrounding temperatures. It prevents the formation of condensation on pipework, and thus acts as a protective barrier against moisture, which can build up inside a pipe, leading to different types of corrosion. 

 

In addition, Mineralwool pipe insulation regulates the internal temperature of a pipe; increases operating efficiency of heating, ventilating, cooling, plumbing, steam, process and power systems pipelines; helps in the reduction of heat loss and thereby saves more energy and money; reduces the damage to equipment from exposure to fire or corrosive atmospheres; and reduces the emission of pollutants into the atmosphere. 

 

Mineralwool Pipe insulation also assists the mechanical systems in meeting the regulations in food and pharmaceutical plants.