North America & GCC HVAC Insulation Market Global Industry Share, Size with Top Competitors - Duro Dyne, Ductmate, Hardcast, Polymer Adhesives, ITW Polymers

Key Outcomes

Market Research Future concludes that the North America & GCC HVAC insulation market is growing as per the analysis, the market will register healthy growth during the forecast period. The market growth is attributed towards the burgeoning construction in both the regions. North America & GCC HVAC insulation wraps & tape market is projected to reach USD 2,004.8 million by 2024 at a CAGR of 6.63% during the review period 2017-2024.Whereas, the North America & GCC HVAC adhesives & sealants market is expected to reach USD 1,490.6 million by the end of 2024, and is expected to register a CAGR of 6.28% during the review period.

Top Market Players:

Some of the key players operating in the North America & GCC HVAC insulation market are Design Polymerics, Duro Dyne, Elgen Manufacturing, CL Ward and Family, Ductmate, Hardcast (Carlisle), Polymer Adhesives, RCD Corporation, ITW Polymers Sealants North America, Henkel Corporation, Pidilite Industries Ltd., Bostik (ARKEMA GROUP), XCHEM International L.L.C.., and Delmon, among others

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Market Highlights:

North America & GCC HVAC insulation wraps & tapes market is expected to reach 955 million square meters by the end of 2024 and is expected to grow at a CAGR of 6.2% during the market review period 2017-2024. Whereas, the North America & GCC Insulation adhesives & sealants market is expected to be pegged at 456 KT by the end of 2024, expanding at a CAGR of 6.0% The major and underlying market drivers and trends associated with the growth of HVAC insulation market in the target regions includes the increasing construction activities on the shadow of a regaining economic stability in both regions. The economic crisis in the U.S which had an adverse effect on the housing and construction sector of the country is regaining its stability and expected to grow substantially in the years to come registering a high growth since 2007 of more than 6 %. In terms of revenue growth, the U.S. residential, commercial, infrastructure, and industrial & institutional construction is growing at a CAGRs of ~6.6%, 6.8%, 4.1%, 6.9%, and 4.4% in the coming years supported by urbanization and government initiatives such as Manufacturing Extension Partnership (MEP), and Telehealth Network Grant Program (TNGP) among others. Similarly, the regained confidence of oil prices in the GCC along with the upcoming mega-events like the EXPO 2020 in Dubai, FIFA 2022 in Qatar and megacities investments in Saudi Arabia has kick-started the construction sector in the GCC, which in turn is driving the market for HVAC insulation materials in the region.

Scope of the Report:

The North America & GCC HVAC insulation market is segmented as the type, application, and region. On the basis of type, HVAC insulation market is segmented as Wraps, Tapes, and Adhesives & Sealants. Each type is further sub-segmented based on different types of products. HVAC wraps are further sub-divided into aluminum foil laminate, Multi-Ply membrane, insulation jacketing tapes, and polyethylene duct wrap among others. HVAC tapes are sub-segmented into metal duct tape, fiberglass duct tape, aluminum insulation tape, corrosion control tapes, reflective tapes, and PVC tapes among others. Adhesives & Sealants is sub-divided into PVC adhesives, polystyrene foam adhesives, and Waterbased insulation adhesives among others. On the basis of application, the market is segmented as institutional, hospitals, office buildings, malls, airports, food & beverages, residential buildings, general commercial, warehouses, and lodging among others. Based on countries, the North America & GCC market is divided into US, Canada, Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain.

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Intended Audience

HVAC insulation manufacturers
Surfactant manufacturers
Organic Chemical Manufacturers
Potential investors
HVAC insulation suppliers
Geographic Analysis

The report covers brief analysis of geographical region such as:

North America
The U.S.
Canada
GCC
Saudi Arabia
UAE
Qatar
Kuwait
Oman
Bahrain

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This release was published on openPR.