According to the latest IMARC Group report, entitled “HVAC Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026‘, The global HVAC insulation market has shown moderate growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Heating, ventilation and air conditioning (HVAC) insulation protects a building from extreme temperature variations and provides a comfortable and healthy environment for residents. It also reduces internal thermal load, preventing 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.
Like the new coronavirus (COVID-19[FEMALE)[FEMININE) as the crisis takes hold of the world, we are constantly monitoring changes in the markets, as well as the buying behaviors of consumers around the world – our estimates on the latest market trends and forecast values after considering the impact of this pandemic. These observations will be incorporated into the report.
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Market trends and drivers:
The expanding 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; hence, it is widely deployed in public places like hotels, shopping malls and airports. In addition, the implementation of strict regulations by several government agencies across countries to raise awareness of reducing energy consumption and environmental impacts of buildings is also boosting market growth. In addition, the massive adoption of products in the automotive industry to reduce heat build-up and improve fuel economy and passenger comfort is driving product sales. Additionally, the coronavirus (COVID-19) outbreak has stepped up its application in healthcare facilities to maintain a sterilized environment and control temperature and humidity levels. In addition, the growing demand for energy efficient data centers is also expected to drive the market growth.
Competitive Analysis and Segmentation of the HVAC Insulation Market 2021-2026:
Competitive landscape with key players:
The competitive landscape of the HVAC Insulation market has been studied in the report along with detailed profiles of the major players operating in the market.
Some of these key players include:
- Glassrock Insulation Co. SAE
- Arabian Fiberglass Insulation Company Ltd.
- PPG Industries Inc.
- Isolation Knauf inc.
- Fletcher Insulation Pty Limited
- Kingspan Plc Group
- Owens Corning
- Kuwait Manufacturing of Insulating Materials Co.
- Company of Saint-Gobain SA
- Johns Manville Corporation (Berkshire Hathaway Inc.)
- Rockwool International A / S
Key market segmentation:
The report segmented the HVAC insulation market on the basis of material type, product type, application, and region.
Breakdown by type of material:
- Glass wool
- Phenolic foam
- Elastomeric foam
Breakdown by product type:
Breakdown by application:
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore the full report with table of contents and list of figures: https://bit.ly/3lQS5oD
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete mapping of the competitive landscape
If you need 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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