Increase adoption of pre-insulated pipes in niche applications and increase in awareness about energy-efficient products are expected to drive the growth of the pre-insulated pipes market. The global pre-insulated pipes market was valued at USD 6.12 billion in 2018 and is expected to reach USD 11.23 billion in 2026, growing at a CAGR of 7.98% during the forecast period.
The pre-insulated pipes are primarily formed through polyurethane foam material, as an insulating material. It is also used for the transportation of gases and liquids to the district heating and cooling across the world. Moreover, the widely adopted of Pre-Insulated Pipes in niche applications such as district heating & cooling, oil & gas, and infrastructure & utility among others. Also, the increase in demand for maintaining the temperature of the fluid and gas in the pipes as well as the massive growth in the consumer comfort level in the developed countries. Such factors are expected to drive the market growth of the pre-insulated pipes over the coming years. Furthermore, the emerging countries such as China, Russia, and India are investing in the development owing to increase expansion positive demand for pre-insulated pipes in the end-use applications are creating opportunities in the market.
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However, the fluctuation in the raw material prices and high manufacturing cost for the pre-insulated pipes are expected to hinder the growth of the market. The countries such as the US, Canada, the UK, Germany, France, Italy, and Russia are highly investing in the import of the raw materials and overall pipe system of pre-insulated pipes. This creates the risk of volatility in the pre-insulated pipes, which expected to highly hamper the market during the forecast period.