HVAC Industry Today
Global HVAC Insulation Market 2017- Industry Analysis, Size, Share, Growth, Trends and Forecast by 2022
HVAC Insulation Market:
Executive Summary
Global HVAC Insulation market is projected to witness a CAGR of 7.27% to reach US$5.834 billion by 2022, increasing from US$4.108 billion in 2017. HVAC insulation system combines three major functions- heating, ventilation, and air-conditioning. The system provides thermal comfort and acceptable indoor air quality for end-use industries. Some of the key factors driving the market growth include booming construction industry and burgeoning demand for HVAC systems. Strict regulations and building codes for minimizing the energy consumption are further fuelling the demand for HVAC insulations across end-use industries.
By End-User Industry
Global HVAC Insulation market is segmented by the end-use industry as residential, commercial, and industrial. Commercial buildings accounted for the largest market share, in terms of value, in 2016. Commercial buildings such as offices, colleges, auditoriums, and others require larger HVAC systems. Increasing corporate profits and decreased office vacancy rates will boost the construction of new office buildings which, in turn, will bolster the growth of HVAC insulation market. Residential sector will witness the fastest growth at the highest CAGR during the forecast period owing to growing global population and rising purchasing power of people and expanding urbanization in developing countries.
By Geography
Geographically, APAC region accounted for the largest share of global HVAC insulation market in 2016 due to growing construction industry in emerging economies such as China and India in the region. Moreover, rising awareness for reducing energy consumption along with the imposition of stringent regulations to enhance the energy efficiency of buildings in major APAC countries drives the APAC HVAC Insulation market. In India, the Energy Conservation Building Code (ECBC) sets minimum energy standards for new commercial buildings having a connected load of 100kW or contract demand of 120 KVA and above. Americas will also witness a considerable market growth due to favorable government initiatives such as Weatherization Assistance Program in North American countries to promote thermal insulation in low-income households group.
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Competitive Insights
Prominent key market players in global HVAC Insulation market include Saint-Gobain, Owens Corning Corporation, PPG Industries, Rockwool International, Armacell International, Johns Manville Corporation, Knauf Insulation, Kingspan Group, and others. Industry players are investing heavily in R&D activities to expand their market share. Furthermore, they are actively engaged in new product development while improving their existing products and services portfolio to acquire new customers. Market players are launching new products that strictly adhere to energy regulations in various regions to gain a larger regional market share. In 2016, Johns Manville introduced three new rovings - Multistar® 566 for panel and fabric reinforcements, StarRov® 090 for reinforcement of composite profiles, and StarRov® 089 for reinforcements of styrene-free resins- to serve the building and construction, sporting goods, and wind energy markets.
Segmentation
In this report, Global HVAC Insulation market is segmented by type, by component, by end-use industry, and by geography:
By Type
- Plastic Foams
- Glass Wool
- Rock Wool
- Mineral Wool
- Others
By Component
- Ducts
- Pipes
By End-Use Industry
- Residential
- Commercial
- Industrial
By Geography
Americas
- North America
- U.S.
- Canada
- Mexico
- Others
South America
- Brazil
- Argentina
- Others
Europe Middle East and Africa
- Europe
- UK
- Germany
- France
- Others
Middle East and Africa
- Saudi Arabia
- Israel
- Others
Asia Pacific
- Japan
- China
- India
- Australia
- Others
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Table of Content:
- Introduction
- Research Methodology
- Executive Summary
- Market Dynamics
4.1. Market Overview and Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s Five Forces Analysis
4.8. Industry Value Chain Analysis
4.9. Industry Regulations
4.10. Scenario Analysis - Global HVAC Insulation Market Forecast by Type (US$ Billion)
5.1. Plastic Foams
5.1.1. Market Size and Forecast to 2022
5.2. Mineral Wool
5.2.1. Market Size and Forecast to 2022
5.3. Glass Wool
5.3.1. Market Size and Forecast to 2022
5.4. Rock Wool
5.4.1. Market Size and Forecast to 2022
5.5. Others
5.5.1. Market Size and Forecast to 2022 - Global HVAC Insulation Market Forecast by Component (US$ Billion)
6.1. Ducts
6.1.1. Market Size and Forecast to 2022
6.2. Pipes
6.2.1. Market Size and Forecast to 2022 - Global HVAC Insulation Market Forecast by End-User Industry (US$ Billion)
7.1. Residential
7.1.1. Market Size and Forecast to 2022
7.2. Commercial
7.2.1. Market Size and Forecast to 2022
7.3. Industrial
7.3.1. Market Size and Forecast to 2022 - Global HVAC Insulation Market Forecast by Geography (US$ Billion)
8.1. Americas
8.1.1. North America
8.1.1.1. U.S.
8.1.1.1.1. Market Size and Forecast to 2022
8.1.1.2. Canada
8.1.1.2.1. Market Size and Forecast to 2022
8.1.1.3. Mexico
8.1.1.3.1. Market Size and Forecast to 2022
8.1.1.4. Others
8.1.1.4.1. Market Size and Forecast to 2022
8.1.2. South America
8.1.2.1. Brazil
8.1.2.1.1. Market Size and Forecast to 2022
8.1.2.2. Argentina
8.1.2.2.1. Market Size and Forecast to 2022
8.1.2.3. Others
8.1.2.3.1. Market Size and Forecast to 2022
8.2. Europe Middle East and Africa
8.2.1. Europe
8.2.1.1. UK
8.2.1.1.1. Market Size and Forecast to 2022
8.2.1.2. Germany
8.2.1.2.1. Market Size and Forecast to 2022
8.2.1.3. France
8.2.1.3.1. Market Size and Forecast to 2022
8.2.1.4. Others
8.2.1.4.1. Market Size and Forecast to 2022
8.2.2. Middle East and Africa
8.2.2.1. Saudi Arabia
8.2.2.1.1. Market Size and Forecast to 2022
8.2.2.2. Israel
8.2.2.2.1. Market Size and Forecast to 2022
8.2.2.3. Others
8.2.2.3.1. Market Size and Forecast to 2022
8.3. Asia Pacific
8.3.1. Japan
8.3.1.1. Market Size and Forecast to 2022
8.3.2. China
8.3.2.1. Market Size and Forecast to 2022
8.3.3. India
8.3.3.1. Market Size and Forecast to 2022
8.3.4. Australia
8.3.4.1. Market Size and Forecast to 2022
8.3.5. Others
8.3.5.1. Market Size and Forecast to 2022 - Competitive Intelligence
9.1.1. Market Share of Key Players
9.1.2. Investment Analysis
9.1.3. Recent Deals
9.1.4. Strategies of Key Players - Company Profiles
10.2. PPG Industries
10.3. Owens Corning Corporation
10.4. Rockwool International A/S
10.5. Armacell International S.A.
10.6. Johns Manville Corporation
10.7. Knauf Insulation
10.8. Xiamen Goot Advanced Material Co., Ltd.
10.9. Kingspan Group plc
10.10. Arabian Fibreglass Insulation Co., Ltd.
10.11. L’Isolante K-Flex S.p.A.
10.12. Glassrock Insulation Co. S.A.E.
Continuous…
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