Pipe Insulation Market Size Is Expected To Reach USD 12.1 Billion By 2028
San Francisco, 24 Dec 2021: The Report Pipe Insulation Market Size, Share & Trends Analysis Report By Product (Cellular Glass, Elastomeric Foam), By Application (Industrial, Building & Construction), By Region, And Segment Forecasts, 2021 - 2028 The global pipe insulation market size is expected to reach USD 12.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2021 to 2028. Increasing infrastructure spending in the emerging markets of Asia Pacific and Central and South America is expected to propel market growth. The price structure of the product varies with respect to production processes and raw materials used. Fluctuating raw material prices result in variations in the prices of thermal insulating materials, thus affecting the suppliers that have integrated themselves across the value chain, thereby enabling them to gain superior control over product pricing. Growing adoption of cogenerati