Market Synopsis of HVAC Insulation: —
Market Research Future published a half cooked research report on HVAC Insulation Market. The Global Market for HVAC Insulation is expected to grow over the CAGR of around 8% during the period 2016 to 2022.
The key players of global HVAC insulation market report include-
• Johns Manville
• Saint Gobain S.A
• PPG Industries Inc.
• Owen Corning Corporation
• Rockwool International
• L'ISOLANTE K-FLEX S.p.A.
• Knauf Insulation
• Fletcher Insulation Pty Ltd.
• Kingspan Group Plc
• Kuwait Insulating Material Manufacturing Co.
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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 by 2022.
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.
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Scope of the Report:
This study provides an overview of the global HVAC insulation industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global HVAC insulation market as type, component, and application. On the basis of type it is segmented as Glass wool, Stone wool, and phenolic foam and other. On the basis of application it is segmented as residential, commercial, industrial and other. On the basis of component it is segmented as pipes, ducts and others.
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