HVAC Insulation Market Is Expected to Grow at a CAGR of 7.42% by 2023 | Top Leading International Manufactures: PPG Industries Inc., Owen Corning Corporation, Knauf Insulation

Market Overview:-

Infrastructure investment is anticipated to grow in major developed and developing regions over the forecast period. This investment is subjected to the improvement of commodity prices and thus, expected to boost the mining industry as well. The growing demand for energy efficient data centers in the technology sector is further expected to enhance the HVAC insulation market. The growing need for energy efficient construction and maintaining high sustainability of construction is driving the global HVAC insulation market across the globe.

Heating, Ventilation, and Air Conditioning (HVAC) systems are primarily responsible for controlling the ambient environment at all major end-user sectors. The HVAC insulation provides an ideal solution for the ducts and pipes to transfer the energy with negligible amount of losses. HVAC insulation improves the energy efficiency, fire safety, and acoustic performance of a building. The global HVAC insulation market is driven by the growth in the global construction industry and growing demand for energy efficient solutions. However, the market is subjected to witness hindrance due to the negligence and reluctance about making buildings energy efficient among the infrastructure developers.

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Indusrty Top Key Players:-

The key players of global HVAC Insulation market are Saint Gobain S.A. (France), PPG Industries Inc. (U.S.), Owen Corning Corporation (U.S.), Rockwool International (Denmark), Armacell International S.A. (Luxembourg), L'ISOLANTE K-FLEX S.p.A. (Italy), GlassRock (Egypt), Knauf Insulation (U.S.), Fletcher Insulation Pty Ltd. (Australia), Kingspan Group Plc. (Ireland), and Kuwait Insulating Material Manufacturing Co. (Kuwait).

Market Segmentations:-

The market, on the basis of type, has been segmented into glass wool, stone wool, phenolic foam, Expanded Polystyrene (EPS) foam, nitrile rubber, Polyisocyanurate (PIR), and others. Glass wool system segment dominated the global HVAC insulation market with a share of 27.28% in 2016, in terms of value. It is projected to witness a CAGR of 8.17% during the forecast period. Glass wool has some dynamic characteristics, which make them an ideal insulation material. Glass wool provides excellent thermal insulation with optimal acoustic performance, possesses unique lightness and are thinner and cost-effective, which comes with active environmental protection. On the basis of component, the HVAC insulation market has been segmented into pipes, ducts, and others.

Scope of the Report:-

This study provides an overview of the global HVAC Insulation market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for Americas, Europe, Asia Pacific and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global HVAC Insulation market by type, by end-users, and by regions.

Global HVAC Insulation Market, By Type

Glass Wool
Stone Wool
Phenolic Foam
Expanded Polystyrene (EPS) foam
Nitrile Rubber
Polyisocyanurate (PIR)
Others

Global HVAC Insulation Market, By Component

Pipes
Ducts
Others
Global HVAC Insulation Market, By Application

Automotive
Residential
Commercial
Industrial

Global HVAC Insulation Market, By Region

Americas
Europe
Asia Pacific
Middle East & Africa

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Global Analysis:-

The global HVAC insulation market is segmented by region into Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas market for HVAC insulation is majorly divided into the U.S., Canada, Brazil, and Rest of Americas. The region has witnessed phenomenal growth in the construction industry. This has induced the demand for HVAC systems along with insulation in this region. Europe holds a marginal share in the global HVAC insulation market. The strong exports of insulation material from the European countries brings out the concentration of suppliers and manufacturers in the region. This along with strong private construction growth induces the demand for HVAC insulation. Asia Pacific is the fastest growing region for the global HVAC insulation market.

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