Global Pre-Insulated Pipes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pre-Insulated Pipes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pre-insulated pipe normally consists of three parts Inside is the carrier pipe, which is typically made of steel, stainless steel, copper or plastic. Then comes an insulating layer of polyurethane foam (PUR foam), which is specially suited due to its high insulation qualities compared to mass and volume. On the outside is a protective jacket of plastic or steel. Pre-insulated pipes can be used in the chemical, pharmaceutical, petrochemical and food industries to transport drinking water, wastewater, cooling water, hot water, Steam, hydrocarbons, chemicals, petroleum, etc. Pre-insulated pipes can also be used in different types of buildings, such as hotel buildings, industrial facilities and residential buildings.

Market Overview:

The latest research study on the global Pre-Insulated Pipes market finds that the global Pre-Insulated Pipes market reached a value of USD 3071.83 million in 2022. It’s expected that the market will achieve USD 5002.43 million by 2028, exhibiting a CAGR of 8.47% during the forecast period.

Influence of COVID-19 Outbreak on Pre-Insulated Pipes Industry Development

The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the Pre-Insulated Pipes industry will involve all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined.

Europe and North America are the main consumption and production areas of pre-insulated pipes. Since Europe and North America are also hardest hit by COVID-19, they have severely affected the production and sales of pre-insulated pipes. Due to the COVID-19 outbreak, logistics operations are not smooth. At the same time, the uncertainty of the global epidemic will further strengthen the control measures of various countries, and the operating efficiency of affiliated companies is much worse than in the past.

For the COVID-19 market, the most direct impact is undoubtedly the sharp decline in sales in recent months. Because of the greater risk of infection with COVID-19, people prefer to stay in a safe place and reduce the number of trips. As a result, activities in the oil and gas, construction and other industries have decreased, and the demand for Pre-Insulated Pipes has naturally decreased.

Market Driving Factors of Pre-Insulated Pipes

District heating and cooling is the interconnection of various heat sources or chillers using a hot/cold water network to heat or cool a room. District heating and cooling systems are ideal for high heat load density and high annual load factors. Pre-insulated pipes provide excellent thermal efficiency, lower maintenance costs, reduced on-site work, and increased safety. Because it can better prevent leakage, and provide high-quality insulation materials, thereby minimizing energy loss. With the increase of hotels, industrial facilities, single-family houses and multi-family residential construction facilities, the market for pre-insulated pipes will be promoted.

District heating and cooling offer more advantages than individual heating and cooling of buildings because it is an efficient and sustainable solution. Pre-insulated district heating pipes meet the city's demand for heat by transferring heat in the form of hot water. Provide heat and hot water to buildings, and each building can control the temperature individually. The cold water returns to the energy center, where it is heated and circulated again. Therefore, the market for district heating and cooling systems is expected to grow, which will drive the demand for pre-insulated pipes.

Market Restraints Analysis

The pre-insulated pipe is composed of three parts: Carrier pipes, Insulation and Jacket pipes. Polyethylene, polyurethane, polybutene, chlorinated polyvinyl chloride (CPVC), fiber reinforced plastic (FRP), glass fiber reinforced plastic (GRP), and stainless steel are important raw materials for manufacturing pre-insulated pipes. Changes in the supply and demand of these raw materials may have a significant impact on the pre-insulated pipeline industry. Fluctuations in raw material prices also affect manufacturers' operating margins, making it difficult for them to maintain the market.

Market Trends Analysis

Many countries in the Asia-Pacific region, such as India and China, are increasing investment in construction and district heating and cooling in the oil and gas industry. Therefore, the pre-insulated pipeline market in the Asia-Pacific region is expected to achieve rapid growth.

International manufacturers continue to expand production capacity to meet the market's demand for advanced technology and quality products. Emerging countries in the Asia-Pacific region (such as China and India) are attracting global players to establish manufacturing bases in these regions. In the Asia-Pacific region, with the development of technology, increasing investment in infrastructure and R&D has further increased the capacity of manufacturers of pre-insulated pipes.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Logstor is one of the major players operating in the Pre-Insulated Pipes market, holding a share of 8.84% in 2020.

Merger, Acquisition and New Investment

Perma-Pipe International Holdings Announces Expansion into Egypt

Perma-Pipe International Holdings, Inc. announced that its subsidiary company Perma-Pipe Middle East FZC has established a subsidiary company in the Arab Republic of Egypt, “Perma-Pipe Egypt” and is in the process of establishing a new production facility in Beni Suef, south of Cairo. The establishment of this new capability is in response to a growing demand for Perma-Pipe’s products in Egypt, particularly strong demands for the Company’s chilled water and containment piping and leak detection systems.

Innovative thinking results in smart heating supply for housing association

It is not every day that you see a district heating plant established in a place where district heating did not previously exist. But in Juelsminde, Hedensted District Heating has thought along different lines. When the housing association JAB on the Juelsminde peninsula plans on having heating distributed to a new 33-houses development, supplies will come from a brand-new plant provided by the district heating company.

The heating plant will be based on an air-to-heat pump which will circulate the heat to the citizens in a closed system. JAB’s investment in this public heat supply system is lower than the investment in an individual solution would be. At the same time, the heat price for future heating will be lower, too. Architecturally and with regard to noise issues, the overall centralised solution is definitely better.

GF to acquire a pre-insulated pipe manufacturer in North America

GF Piping Systems, a division of GF, is to acquire a stake of 49% of Urecon Ltd., Coteau-du-Lac (Quebec, Canada), a specialist of pre-insulated piping systems for freeze protection and chilled water. This step will allow GF Piping Systems to expand its footprint in North America and accelerate the introduction of its pre-insulated piping system package for cooling and air-conditioning. Urecon Ltd. was founded in 1969 and is privately owned. The company holds a strong market position with a focus on high-quality pre-insulated piping systems for freeze protection, chilled water and district heating markets.

Segmentation Overview:

Among different product types, Below Ground Pipes segment is anticipated to contribute the largest market share in 2027.

Pre-insulated pipes are widely used in energy-related applications to achieve medium transmission while maintaining temperature. Based on installation, the pre-insulated pipeline market can be divided into underground and above ground. Underground pipelines are pipelines that are set up underground to transport liquids and gases. Underground installation reduces the number of accessories, joints and welding required, and is mainly used for the transmission of steam, oil and other substances. Above-ground pipeline is the laying of pipelines on the ground.

Application Overview:

By application, the District Heating and Cooling segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Pre-Insulated Pipes market covered in Chapter 3:

Isoplus Fernwaermetechnik GmbH
Logstor
Thermacor Process
Georg Fischer
Perma-Pipe
Daekyung Enertech
Uponor Corporation
Insul-Tek Piping Systems
Polypipe
Brugg Group AG
Thermal Pipe Systems
Watts Water Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Pre-Insulated Pipes market from 2018 to 2029 is primarily split into:

Flexible Pre-insulated Pipes
Rigid Pre-insulated Pipes

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pre-Insulated Pipes market from 2018 to 2029 covers:

Infrastructure and Utility
Oil and Gas
District Heating and Cooling
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)