According to a new market report published by Lucintel, the future of the global HVAC insulation market looks attractive with opportunities in the residential and non-residential industries. The global HVAC insulation market is forecast to reach $7.3 billion by 2027 with a CAGR of 6% from 2021 to 2027. The major drivers for this market are growth in HVAC systems and stringency in government regulations to increase energy efficiency.
In this market, fiberglass, plastic foam, and stone wool are the major materials used as insulation for HVAC systems. Lucintel forecasts that fiberglass will remain the largest material, and it is also expected to witness the highest growth over the forecast period due to its easy availability and better flame retardant property.
Within the HVAC insulation market, residential will remain the largest end use industry over the forecast period due to increasing awareness of energy efficiency and growth in demand for HVAC systems.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to growth in residential and commercial construction activities and increasing awareness of energy efficiency to reduce energy cost.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for high temperature insulation and the growing use of eco-friendly materials. Kingspan, Saint-Gobain, Owens Corning, Johns Manville, Knauf Insulation, Armacell Engineered Foams, and Rockwool are some of the major HVAC insulation manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global HVAC insulation market by material, end use industry, component, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global HVAC Insulation Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global HVAC insulation market by material, end use industry, component, and region as follows:
By Material [$M and Kilotons shipment analysis from 2016 – 2027]:
Fiberglass
Plastic Foam
Stone Wool
Others
By End Use Industry [$M and Kilotons shipment analysis from 2016 – 2027]:
Residential
Healthcare and Institutional
Manufacturing and Industrial
Office
Retail
Others
By Component [$M and Kilotons shipment analysis from 2016 – 2027]:
By Region [$M and Kilotons shipment analysis for 2016 – 2027]:
United States
Canada
Mexico
United Kingdom
France
Germany
Italy
This 205-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.