Press release
HVAC Insulation Market Size, Share, Competitive Analysis and Top Manufacturers | Global Industry Trends and Forecast to 2023
The growing FDI inflows in emerging economies led to increase in the production bases across Asia Pacific and other emerging regions. There has been substantial growth in the manufacturing and service industry in emerging economies such as China, India, Indonesia, Thailand, and Brazil. FDI can also help to build the capital base, and know-how is often lacking domestically for large infrastructure or industrial development projects. Emerging economies are presently gaining focus from numerous foreign developers to set up their businesses through FDI incentive schemes, which will indirectly boost the economy of the country and eventually rise in industrialization will take place. The green field FDI is currently boosting the developing economies in all perspectives. Moreover, the current independent initiatives of the Asian countries to boost their economy and the availability of low-cost labor and ample amount of raw material stocks is anticipated to propel industrialization in the region. Hence, it can be concluded that development in the industrial sector of Asia Pacific and other emerging regions will act as an opportunity for HVAC insulation market.
The global HVAC insulation market is estimated to witness a CAGR of approximately 7.42% during the forecast period.
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Industry 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 Segmentation:-
On the basis of application, the HVAC insulation market has been segmented into residential, commercial, and industrial. Commercial application accounted for the largest market share of 43.16% in 2016, with a market value of USD 1,863.4 million. The commercial sector is utilizing the HVAC system extensively; it is one of the major consumers of the HVAC system. The HVAC system installed in the commercial application is larger in size and provides more power output.
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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
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Global HVAC Insulation Market, By Region
• Americas
• Europe
• Asia Pacific
• Middle East & Africa
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