A method of providing a foamed insulation coating on at least a portion of a pipe, including extruding a melt stream over the pipe portion. The melt stream includes a matrix polymer and expandable fillers in an unexpanded state, the melt stream being maintained at a sufficiently high temperature to maintain the matrix polymer in extrudable form and at a sufficiently high pressure to maintain the expandable fillers in the unexpanded state. Once extruded, the expandable fillers are permitted to expand into an expanded state at a lower pressure.