HVAC Insulation Market Size, Demand, Driving Factors, Industry Growth and Competitive Outlook – The Manomet Current
According to the IMARC Group report entitled “HVAC Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, The global HVAC insulation market grew at a CAGR of approximately 7% in 2014-2019. Looking ahead, IMARC Group expects the global market to continue its moderate growth in 2020-2025.
We regularly monitor the direct effect of COVID-19 on the market, along with the indirect influence of related industries. These observations will be integrated into the report.
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Heating, ventilation and air conditioning (HVAC) insulation protects a building from extreme temperature changes and provides a comfortable and healthy living environment for residents. It also reduces the internal thermal load, avoiding the risk of overheating and icing of water vapor and condensation on cold surfaces. As a result, it finds applications in airports, schools, hospitals, and residential and commercial buildings.
Market trends and drivers:
The growing construction industry is driving the growth of the HVAC insulation market. The system is non-combustible, saves overall operating and maintenance costs and offers low thermal conductivity; therefore it is widely deployed in public places such as hotels, shopping centers and airports. In addition, the implementation of strict regulations by various government agencies in different countries to raise awareness for minimizing the energy consumption and environmental impacts of buildings is also driving market growth. In addition, extensive product adoption in the automotive industry to reduce heat build-up and improve fuel consumption and passenger comfort is driving product sales. In addition, the coronavirus (COVID-19) outbreak has escalated its application in healthcare facilities to maintain a sterilized environment and control temperature and humidity. In addition, the increasing demand for energy-efficient data centers is expected to stimulate market growth.
Competitive landscape with key players:
The competitive landscape of the HVAC insulation market was examined in the report with the detailed profiles of the major players in the market.
Some of these protagonists are:
- Kingspan Group Plc
- Rockwool International A / S
- Glassrock Insulation Co. SAE
- Arabian Fiberglass Insulation Company Ltd.
- PPG Industries Inc.
- Knauf Insulation Inc.
- Fletcher Insulation Pty Limited
- Owens Corning
- Kuwait Insulation Material Manufacturing Co.
- Company of Saint-Gobain SA
- Johns Manville Corporation (Berkshire Hathaway Inc.)
Main market segmentation:
The report segmented the HVAC insulation market based on material type, product type, application and region.
Breakdown by material type:
- Glass wool
- Rock wool
- Phenolic foam
- Elastomer foam
Breakdown by product type:
Breakdown by application:
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
View the full report with table of contents: https://www.imarcgroup.com/hvac-insulation-market
Main highlights of the report:
- Market performance (2014-2019)
- Market outlook (2020-2025)
- Market trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Structure of the world market
- Extensive mapping of the competitive landscape
If you require specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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