Pre-Insulated Pipes Market To Reach US$14B By 2027; Logistics Paralysis Due To COVID-19 Pandemic To Hinder Sales In The Near Term

Pre-insulated pipes are becoming the backbone of smart infrastructure, and are used to supply fluids such as drinking water, steam, oil, and others to plants or desired destinations. The main purpose of pre-insulated pipes is to preserve the temperature of the fluid in the pipe without affecting the flowing fluid.

According to the latest research report, the pre-insulated pipes market is projected to witness a healthy CAGR of over 8% during the forecast period of 2019-2027. Stringent regulations and standards on fluid supply in various end-use industries are further providing impetus to market growth.

However, the coronavirus (COVID-19) pandemic is adversely hitting the profit margins of pre-insulated pipe manufacturers. Large-scale lockdowns and restrictions on transportation & logistics implies production halts and worker scarcity. China, where the pandemic initially began, is the leading supplier of raw materials required for the manufacturing pre-insulated pipes. As such, production downtime in various industries in the country has widened the demand-supply gap. As the COVID-19 pandemic continues to spread, the pre-insulated pipes market is expected to stumble in the near term.

“Key Manufacturers are focusing on mergers & acquisitions to maintain their global presence. In addition, small- and medium-scale players are emphasizing on meeting the demand from various end users such as oil & gas industry in a bid to enrich their profit margins.”

Key Takeaways of Pre-insulated Pipes Market Study

• Pre-insulated pipes are finding utilization in various end-use industries such as construction, food & beverages, oil & gas, chemicals & petrochemicals, pharmaceuticals, and marine & transportation. Therefore, pre-insulated pipes are expected to generate noteworthy business opportunities to stockholders in the coming decade.
• Coating/insulated materials such as polyurethane foam, mineral wool, fiberglass, and calcium calcite, among others, are key focus areas for leading manufacturers.
• The twin type pre-insulated pipe segment is projected to grow at a healthy rate over the forecast period, owing to their various benefits as compared to single type pre-insulated pipes. However, the single pipe segment is likely to flourish in the Asia Pacific (APAC) region due to rising smart infrastructure projects.
• North America holds a prominent share in the global pre-insulated pipes market, owing to increasing demand for clean drinking water from colder regions. On the other hand, APAC is expected to grow at a stellar CAGR in the global pre-insulated pipes market, driven by top-line growth of the construction industry. Moreover, strict regulations and standards such as EN 253 for district heating pipes are anticipated to propel the pre-insulated pipes market in the coming years.

Pre-insulated Pipes Market: Competitive Landscape

The global pre-insulated pipes market is highly fragmented due to the presence of several local players that offer products for various end users. Leading manufacturers such as LOGSTOR A/S, Uponor Corporation, Polypipe Group plc, GF Piping Systems, Watts Water Technologies, and Kabelwerke Brugg, among others, are estimated to account for 15-20% share in the global market.

Polyurethane is Material of Choice Amongst End Users

End users such as drinking water suppliers, chemical fluid suppliers, and others are increasingly demanding polyurethane (PU) derived pre-insulated pipes. The coating of PU material can reduce nearly 40% heat loss as compared to traditional pipes. Thus, the quality of the fluid and the total life of the pipe can be increased by coating PU material over the outer portion of the pre-insulated pipe.

These insights are based on a report on Pre-insulated Pipes Market by Future Market Insights