Press release
Global HVAC Insulation Market Outlook 2016: Industry Reviews, Analysis and Performance 2022
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The HVAC market is segmented into glass wool, stone wool, phenolic foam, elastomeric foam and others. Foamed plastic was the largest product consumed and accounted for almost half of the total revenue in 2015. Foamed plastic is widely used for thermal as well as acoustic insulations in residential and non-residential applications. Based on applications the market is segmented into residential, industrial and commercial buildings. In terms of value, commercial building industry accounted for the largest market share in the year 2015.
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Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the largest market in terms of both volume and value in the year 2015 due to significant growth in the building and construction industry especially in China and India. The HVAC insulation market in Middle East & Africa is estimated to witness high growth during the forecast period, whereas North America, Western Europe, and Asia-Pacific are expected to grow at a steady pace. The market in the Middle East & Africa region is strengthened by the growing markets, namely, UAE and Saudi Arabia. Regional markets are further split into key countries in this study.
The key strategies adopted by leading companies in this market areare expansions, acquisition, product launches, and collaborations. Key players profiled in this report include Saint Gobain S.A., PPG Industries Inc., Owen Corning Corporation, Rockwool International A/S, Armacell International S.A., Johns Manville Corporation, Xiamen Goot Advanced Material Co., Ltd., L-ISOLANTE K-FLEX S.p.A., Glassrock Insulation Co S.A.E, Knauf Insulation, Arabian Fiberglass Insulation Co., Ltd., Fletcher Insulation Pty Ltd., Kingspan Group plc, Kuwait Insulating Material Manufacturing Co., Paroc Group OY, and other local players.
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