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(0) Expansion of the oil & gas sector will lead to increasing demand for pre-insulated pipes. DUBAI, UAE / ACCESSWIRE / April 21, 2021 / Soaring use of pre-insulated pipes in district heating and cooling applications is likely to fuel the demand through 2031. Rising demand from oil & gas, chemicals and other end-use industries is likely to accelerate the pre-insulated pipes sales. As projected by Future Market Insights, the market is poised to expand at a moderate pace, exhibiting 5.8% CAGR between 2021 and 2031. Pre-insulated pipes provide thermal efficiency, improved safety features, lower maintenance, and reduced labor cost. These features are creating lucrative growth opportunities for manufacturers. Among key end users, district heating & cooling industry accounts for 27% of total market share. Rising demand for district cooling system applications for providing chilled water, steam, and gas have been fuelling the demand for pre-insulated pipes across India and GCC countries.

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