HVAC Insulation Worldwide Market Top Key Players Segmentation, Competitors Analysis, Product Research, Trends and Forecast by 2023

HVAC Insulation Market – Overview

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.

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Industry Top Key Players:-

• L'ISOLANTE K-FLEX S.p.A.
• GlassRock
• Knauf Insulation
• Fletcher Insulation Pty Ltd.
• Kingspan Group Plc.
• Kuwait Insulating Material Manufacturing Co.
• Saint Gobain S.A.
• PPG Industries Inc.
• Owen Corning Corporation
• Rockwool International
• Armacell International S.A.

HVAC Insulation Market – Segments

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. Pipes accounted for the largest market share of 53.32% in 2016, with a market value of USD 2302.3 million and is projected to witness the highest CAGR of 7.80% during the forecast period.

Scope of the Report:-

The scope of the study segments the global HVAC Insulation market by type, by end-users, and by regions.
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

HVAC Insulation Market – Regional Analysis

Asia Pacific is the fastest growing region for the global HVAC insulation market. The region is marked with increasing construction activities, along with foreign investment in the real estate development. The region offers lucrative opportunities for the global players, owing to positive economic development and increasing disposable income. This has spiked the growth of the HVAC insulation used in the construction industry in the cooling systems. The market in the Middle East & Africa is growing. Due to developing infrastructure, the undeveloped market in this region and continuously increasing demand for the product has driven the growth of the market. However, the high cost of such technology and limited investment is expected to hinder the market growth.

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