Market Segment Analysis of Global HVAC Insulation Market 2018 – 2022 | Key players - Johns Manville, Saint Gobain S.A, PPG Industries Inc., Owen Corning Corporation, Rockwool International
HVAC insulation is a technology which is designed to provide thermal comfort and acceptable air quality. Cost saving, maintained temperature, longer operational life and extended warranties are some factors which are helping the market to grow. High efficiency systems use less fuel as compared to older models and better conservation of natural resources which is referred as major driving factor for the HVAC insulation market. Moreover, it helps in controlling the heat that is dissipated through conduction, convection, and radiation and provide thermal properties such as protection against sound, fire, and physical impact. However high cost of materials as well as high payback period acts as a barrier for the HVAC insulated market
Regional Analysis of Global HVAC Insulation Market
Asia Pacific is expected to hold the largest market size due to continuous growth in residential and commercial building construction activities. Moreover countries such as China and India, have seen increased HVAC insulation demand. Increasing awareness related to energy efficiency products to reduce energy cost is the primary factor which is driving the demand in the APAC region. Whereas North America is second-largest consumer of HVAC insulations. The market in this region is mainly driven by stringent government regulations to encourage the energy efficiency. The Middle East & Africa is the fastest-growing region due to the upcoming building infrastructure projects.
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Scope of the report
This study provides an overview of the global HVAC insulation industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global HVAC insulation market as type, component, and application. On the basis of type it is segmented as Glass wool, Stone wool, and phenolic foam and other. On the basis of application it is segmented as residential, commercial, industrial and other. On the basis of component it is segmented as pipes, ducts and others.
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