HVAC Insulation Market Overview:
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.
The Diverse Stand Points:
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point gives better understanding of the market. The market of HVAC Insulation has been viewed from various perspectives such as:
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
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HVAC Insulation Market Segment Insights:
Glass wool HVAC insulation: The growth engine
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.
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Dominance of: The Commercial Application Segment
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.
A highly/moderately/fragment consolidated Market
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).
Regional Hegemony of Asia-Pacific
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.
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Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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