HVAC Insulation Market - Size, Share, Trend & Forecast Analysis

HVAC Insulation Market Insights

HVAC Insulation Market is likely to witness an impressive CAGR of 10.2% during the forecast period. The major factors driving the global HVAC insulation market are the burgeoning construction industry and the growing demand for HVAC systems. Adding a fresh paint, the implementation of stringent regulations and building codes for minimizing the energy consumption is further bolstering the demand for HVAC insulations during the forecast period.

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Market Share Analysis

HVAC Insulation Market Share: By Type

Based on the type, the market is segmented as mineral wool, plastic foams, and others. The glass wool HVAC insulation sub-segment of the mineral wool’s segment captured the largest share of the market in 2018, owing to its low cost, easy availability, and extensive application areas. On the other hand, the phenolic foam sub-segment of the plastic foams’ segment is estimated as the fastest-growing type of HVAC insulation, driven by its remarkable properties, such as low thermal conductivity, extremely low flammability, lightweight, and ease of transportation, handling, and installation. 

HVAC Insulation Market Share: By Application Type

Based on the application type, the market is segmented as residential, commercial, and industrial. The commercial application segment accounted for the largest share of the market in 2018, among all the applications. The residential application segment is expected to witness the highest growth during the forecast period.

HVAC Insulation Market Share: By Region

In terms of regions, Asia-Pacific, North America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and Latin America are considered to be the major markets for HVAC insulations. The Asia-Pacific region is leading the global HVAC insulation market. The increasing demand for HVAC insulations in this region is mainly driven by its titanic building construction infrastructure. North America is estimated as the second-largest consumer of HVAC insulations, globally. The market in this region is mainly propelled by the growing construction industry and the stringent government regulations to embolden energy efficiency. The Middle East and Africa are estimated as the faster-growing regions, owing to the various building infrastructural projects, in the offing, in the UAE and the increasing cognizance of energy efficiency in the UAE and Saudi Arabia.

HVAC Insulation Market: Key Players

Some of the major players in the HVAC insulation market are Armacell International S.A., Arabian Fiberglass Insulation Co., Ltd. (AFICO), Saint-Gobain S.A., PPG Industries Inc., Owens Corning Corporation, Rockwool International A/S, Johns Manville Corporation, L'isolante K-Flex S.P.A., Kingspan Group PLC, and Kuwait Insulating Material Manufacturing Co. (KIMMCO).

Market Scope & segmentation

HVAC Insulation mainly is a process of maintaining extreme temperature conditions.

HVAC Insulation can be available in different forms such as mineral wool, plastic foams, and others. Residential, commercial, and industrial are the areas where HVAC insulation is used.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The HVAC insulation market is segmented into the following categories. 

HVAC Insulation Market Size, Share & Forecast, by Type:

• Mineral Wool
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Type Analysis: Glass Wool)
• Plastic Foams
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Type Analysis: Phenolic Foam and Elastomeric Foam)               
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

HVAC Insulation Market Size, Share & Forecast, by Application Type:

• Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

HVAC Insulation Market Size, Share & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].