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Global HVAC Insulation Market is projected to grow USD 6 Billion by 2022

Global HVAC Insulation Market Information by Type (Glass Wool, Stone Wool, Phenolic Foam, and other), by Component (Pipes, Ducts, and other) by Application (Residential, Commercial, Industrial, and other) - Forecast to 2022
Published 27 February 2018
Market Highlights
HVAC insulation is a system combining three major functions such as heating, ventilation and air- conditioning. Factors such as increasing demand for thermal insulations for energy efficient applications, and growth in the construction industries are driving the market of HVAC insulation. Growing awareness for reducing energy consumption in buildings as well as cost efficiency helps to grow the market for HVAC insulation. Moreover, growth of construction industry and various government initiatives are some of the factors which are driving the HVAC insulation market. Demand for HVAC insulation in the countries of China and India led to the growth of HVAC insulation market. The Global HVAC Insulation Market size was valued at around USD 3 Billion in 2015 and is expected to cross USD 6 Billion at CAGR of approximately 8% by 2022.
 
Heating, ventilation, and air conditioning (HVAC) is referred as one of the most energy-intensive systems in commercial and residential buildings. Moreover it plays an important role due to factors such as energy efficiency and sustainability of HVAC systems. It also helps in controlling the heat through conduction, and convection. The construction industry is pursuing various energy-efficient methods and is actively investing in energy efficient solutions with quality of services. One of the latest trend in the market is increased green construction spending. The commercial sector is increasingly adopting green systems in buildings, which promote a healthy and productive environment and reduce the impact on the surroundings.
 
Key Players
The key players of global HVAC insulation market report include Johns Manville, Saint Gobain S.A, PPG Industries Inc., Owen Corning Corporation, Rockwool International, Armacell, L'ISOLANTE K-FLEX S.p.A., GlassRock, Knauf Insulation, Fletcher Insulation Pty Ltd., Kingspan Group Plc, and Kuwait Insulating Material Manufacturing Co
 
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Market Research Analysis:
The Asia-Pacific region is dominating the market of HVAC insulation. Climate variability and change in preferences are acting as a key driver for the growth of the HVAC market in the APAC region. Moreover, emerging demand for high-temperature insulation and the growing use of eco-friendly materials are driving the market of HVAC insulation market. Whereas growth in the North American insulation market influenced by government initiatives such as Weatherization Assistance Program which promotes thermal insulation in low-income households group.
 
Asia pacific will be the largest market
Asia pacific is dominating the HVAC insulation market. China, and India are the leading countries for HVAC insulation market. Growth in demand for HVAC system and increasing awareness of energy efficiency are the major factors which spur the market in this segment. Moreover, the high-tech sound absorbing materials in modern systems make it easy and noise free as compared to older models as well as it helps to remove air impurities and create more pleasant and healthy breathing environment.
 
TABLE OF CONTENTS
1              MARKET INTRODUCTION            
1.1          INTRODUCTION               
1.2          SCOPE OF STUDY
1.2.1      RESEARCH OBJECTIVE
1.2.2      ASSUMPTIONS
1.2.3      LIMITATIONS
1.3          MARKET STRUCTURE:
1.3.1      GLOBAL HVAC INSULATION MARKET: BY TYPE
1.3.2      GLOBAL HVAC INSULATION MARKET: BY COMPONENT
1.3.3      GLOBAL HVAC INSULATION MARKET: BY APPLICATION
1.3.5      GLOBAL HVAC INSULATION MARKET: BY REGION
 
2              RESEARCH METHODOLOGY
2.1          RESEARCH TYPE
2.2          PRIMARY RESEARCHPT
2.3          SECONDARY RESEARCH
2.4          FORECAST MODEL
2.4.1      MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2      MARKET SIZE ESTIMATION
2.4.3      MARKET CRACKDOWN & DATA TRIANGULATION
3              MARKET DYNAMICS
Continue……
 
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