Vacuum Insulated Pipe Market Growth Outlook with Industry Review & Forecasts 2024-2032

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Vacuum Insulated Pipe Market is expected to be
USD 1.8 Billion by 2032
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Industry Overview

• Vacuum Insulated Pipe Market is anticipated to
  witness robust growth between 2023 and 2032,
  primarily owing to the increasing investments in
  industries such as food processing, healthcare,
  and chemicals. According to the IBEF statistics,
  the Indian government is estimated to make an
  investment of more than USD 107 billion in the
  chemicals and petrochemicals sector by 2025.
• Overall, the vacuum insulated pipe market has
  been segmented in terms of product, application,
  and region.
• In the context of the product, the standard
  segment is set to witness massive growth through
  2032. Standard pipes boast of distinct advantages
  such as easy maintenance, low cost, and ease of
  transportation, encouraging their adoption across
  various industry vertices. Besides, standard
  pipes are highly durable and have a lifespan of
  15 to 20 years.
• On the basis of the application, the vacuum
  insulated pipe market is likely to be
  characterized by the food and beverage segment,
  which is set to grow at more than 5.5 CAGR over
  2023-2032. The segmental growth can be attributed
  to the rapidly shifting consumer preference for
  processed food items and rising disposable
  income. The National Bureau of Statistics of
  China claimed that the yearly per capita
  disposable income in the urban region of China
  increased by 8.2 from 2020, reaching a whopping
  amount of more than USD 6,850 in 2021.

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• In addition, the total investment in the food and
  beverages industry is also increasing, which is
  being fueled by the entrance of new domestic and
  international companies, adding impetus to the
  market growth. A recent report by FoodDrinkEurope
  cited that the food and beverages industry
  generated more than USD 1.2 trillion in 2021
  across the 27 EU countries.
• In the regional context, in North America, the
  vacuum insulated pipe market held more than 20
  market share in 2022. The growth of the market in
  this region will be attributed to the rising
  investment in the manufacturing sector and
  increasing exploration of natural gas across
  North American economies.
• Additionally, various central governments are
  promoting favorable regulatory policies, aimed at
  developing low-emission systems, which will also
  drive the market demand. For instance, in April
  2021, the US government submitted its new NDC
  (nationally determined contribution), according
  to which, by 2032, the country has set an
  economy-wide target to reduce its emission of net
  GHGs by around 50. Furthermore, technical
  progression about product innovation, along with
  rising disposable income are attracting more
  investment in this region, which will add fuel to
  the market dynamics.

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