HOME Top Market Reports HVAC Insulation Market by Type (Glass Wool, Stone Wool, Phenolic Foam, Elastomeric Foam and Others), Application (Residential, Commercial, Industrial) & by Region - Global Trends and Forecast to 2021

HVAC Insulation Market by Type (Glass Wool, Stone Wool, Phenolic Foam, Elastomeric Foam and Others), Application (Residential, Commercial, Industrial) & by Region - Global Trends and Forecast to 2021

By: marketsandmarkets.com
Publishing Date: June 2016
Report Code: CH 4403

 

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The global market size of HVAC insulation is estimated to reach USD 5.29 Billion by 2021 at a CAGR of 8.20% between 2016 and 2021. The main objective of the study is to define, describe, and forecast the HVAC insulation market on the basis of type, application, and region. The report includes detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, industry specific challenges, and winning imperatives). The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. The report includes analysis of the HVAC insulation market by application (residential, commercial, and industrial buildings), by type (glass wool, stone wool, phenolic foam, elastomeric foam and others), and by region (Asia-Pacific, Western Europe Western & Central Europe, North America, the Middle East & Africa, and Latin America). The base year considered for the study is 2015 while the forecast period is between 2016 and 2021. The HVAC insulation market is driven by growing government focus on energy conservation that further demands for the energy-efficient HVAC insulation solutions.

Both the top-down and bottom-up approaches have been used to estimate and validate the size of the global HVAC insulation market and to estimate the size of various other dependent submarkets. The research study involves the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, International Monetary Fund (IMF), International Energy Agency (IEA), Securities And Exchange Commission (SEC), and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the HVAC insulation market.

HVAC Insulation Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

HVAC insulations are manufactured from various raw materials such as glass wool, stone wool, phenolic foam, elastomeric foam, and other plastic foams. These raw materials are supplied to the major HVAC insulation solution providers such as Knauf Insulation (Belgium), Arabian Fiberglass Insulation Co., Ltd. (Saudi Arabia), Fletcher Insulation Pty Ltd. (Australia), Kingspan Group plc (Ireland) and Kuwait Insulating Material Manufacturing Co. (Kuwait). These insulation providers are also focusing on increasing their geographical presence by undertaking strategies such as product launch, partnership, expansion, innovation, and acquisition.

Key Target Audience:

  • Manufacturers of HVAC insulation material
  • Traders, distributors, and suppliers of HVAC insulation
  • Regional manufacturers’ associations and general HVAC insulation associations
  • Government and regional agencies and research organizations
  • Investment research firms

“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments.”

Scope of the Report:

This research report categorizes the global HVAC insulation market on the basis of type, application, and region.

On the basis of Type:

  • Glass wool
  • Stone wool
  • Phenolic foam
  • Elastomeric foam
  • Others

On the basis of Application:

  • Residential
  • Commercial
  • Industrial

On the basis of Region:

  • Asia-Pacific
  • Western Europe
  • Central & Eastern Europe
  • North America
  • Middle East & Africa
  • Latin America

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the HVAC insulation market by types
  • Country-level analysis of the HVAC insulation market by end-use industries

Company Information:

  • Detailed analysis and profiling of additional market players.

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Currency & Pricing
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumption

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunity in the HVAC Insulation Market
    4.2 HVAC Insulation Market, By Type, 2016-2021 (USD Million)
    4.3 HVAC Insulation Market in Asia-Pacific, 2015
    4.4 U.S. Leads the HVAC Insulation Market
    4.5 HVAC Insulation Market: Developed vs Developing Nations
    4.6 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rising Growth of the Construction Industry
           5.3.2 Restraints
                    5.3.2.1 Lack of Awareness About Buildings’ Energy Efficiency
           5.3.3 Opportunities
                    5.3.3.1 Stringent Government Regulations Encouraging Energy Efficiency
           5.3.4 Challenges
                    5.3.4.1 Lack of Proper Disposal & Recycling Technique for Glass Wool

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of Substitutes
           6.3.4 Threat of New Entrants
           6.3.5 Intensity of Competitive Rivalry

7 Macro Economic Overview and Key Drivers (Page No. - 50)
    7.1 Introduction
    7.2 Trends and Forecast of GDP
    7.3 Trends and Forecast of the Construction Industry
           7.3.1 U.K and Germany to Spend Largest Amount for Construction Growth, in Europe
           7.3.2 China and India to Spend Largest Amount for Construction Growth in Asia-Pacific
           7.3.3 Brazil and Saudi Arabia to Spend Largest Amount for Constrcution Growth, in Lamea

8 HVAC Insulation Market, By Type (Page No. - 56)
    8.1 Introduction
    8.2 Mineral Wool
           8.2.1 Glass Wool
    8.3 Plastic Foams
           8.3.1 Phenolic Foam
           8.3.2 Elastomeric Foam
    8.4 Others

9 HVAC Insulation Market, By Application (Page No. - 65)
    9.1 Introduction
    9.2 Residential
    9.3 Commercial
    9.4 Industrial

10 HVAC Insulation Market, By Region (Page No. - 72)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Western Europe
             10.3.1 U.K.
             10.3.2 Germany
             10.3.3 France
             10.3.4 Italy
             10.3.5 Rest of Western Europe
     10.4 Central & Eastern Europe
             10.4.1 Russia
             10.4.2 Turkey
             10.4.3 Rest of Central & Eastern Europe
     10.5 Asia-Pacific
             10.5.1 China
             10.5.2 Japan
             10.5.3 Australia
             10.5.4 India
             10.5.5 Malaysia
             10.5.6 South Korea
             10.5.7 Indonesia
             10.5.8 Rest of Asia-Pacific
     10.6 Middle East & Africa
             10.6.1 UAE
             10.6.2 Saudi Arabia
             10.6.3 Kuwait
             10.6.4 South Africa
             10.6.5 Rest of Middle East & Africa
     10.7 Latin America
             10.7.1 Brazil
             10.7.2 Rest of Latin America

11 Competitive Landscape (Page No. - 114)
     11.1 Overview
     11.2 Market Share Analysis
     11.3 Product Mapping of Key Players
     11.4 Competitive Situations and Trends
     11.5 Competitive Benchmarking and Landscape
             11.5.1 Expansion
             11.5.2 New Product Launch
             11.5.3 Acquisition
             11.5.4 New Technology Development and Innovation

12 Company Profiles (Page No. - 124)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 Saint-Gobain S.A.
     12.2 PPG Industries Inc.
     12.3 Owens Corning Corporation
     12.4 Rockwool International A/S
     12.5 Armacell International S.A.
     12.6 Johns Manville Corporation
     12.7 Xiamen Goot Advanced Material Co.
     12.8 L'isolante K-Flex S.P.A.
     12.9 Glassrock Insulation Co S.A.
     12.10 Knauf Insulation
     12.11 Arabian Fiberglass Insulation Co., Ltd. (AFICO)
     12.12 Fletcher Insulation Pty Ltd.
     12.13 Kingspan Group PLC
     12.14 Kuwait Insulating Material Manufacturing Co. (KIMMCO)
     12.15 Paroc Group OY
     12.16 Other Key Players

*Details Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 162)
     13.1 Discussion Guide
     13.2 Introducing RT: Real Time Market Intelligence
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (95 Tables)

Table 1 HVAC Insulation Market Size, By Region, 2015–2021 (USD Million)
Table 2 HVAC Insulation Market, By Type
Table 3 HVAC Insulation Market, By Application
Table 4 Construction Industry Growth Rate in Major Countries, 2016–2021
Table 5 Trends and Forecast of GDP, 2016–2021 (USD Billion)
Table 6 Contribution of Construction Industry to North America GDP, USD Billion (2014-2021)
Table 7 Contribution of Construction Industry to Europe GDP, USD Billion (2014-2021)
Table 8 Contribution of Construction Industry to Asia-Pacific GDP, USD Billion (2014-2021)
Table 9 Contribution of Construction Industry to Lamea GDP, USD Billion (2014-2021)
Table 10 Temperature Limits of Some Commonly Used Insulation Materials
Table 11 HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 12 HVAC Insulation Market Size of Glass Wool, By Region, 2014–2021 (USD Million)
Table 13 Stone Wool HVAC Insulation Market Size, By Region, 2014–2021 (USD Million)
Table 14 Phenolic Foam HVAC Insulation Market Size, By Region, 2014–2021 (USD Million)
Table 15 Elastomeric Foam HVAC Insulation Market Size, By Region, 2014–2021 (USD Million)
Table 16 Other HVAC Insulation Market Size, By Region, 2014–2021 (USD Million)
Table 17 HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 18 HVAC Insulation Market Size in the Residential Building Application,  2014–2021 (USD Million)
Table 19 HVAC Insulation Market Size in the Commercial Building Application,  2014–2021 (USD Million)
Table 20 HVAC Insulation Market Size in the Industrial Building Application,  2014–2021 (USD Million)
Table 21 HVAC Insulation Market Size, By Region, 2014–2021 (USD Million)
Table 22 North America: HVAC Insulation Market Size, By Country, 2014–2021 (USD Million)
Table 23 North America: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 24 North America: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 25 U.S.: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 26 U.S.: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 27 Canada: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 28 Canada: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 29 Mexico: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 30 Mexico: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 31 Western Europe: HVAC Insulation Market Size, By Country, 2014–2021 (USD Million)
Table 32 Western Europe: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 33 Western Europe: HVAC Insulation Market Size, By Type,  2014–2021 (USD Million)
Table 34 U.K.: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 35 U.K.: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 36 Germany: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 37 Germany: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 38 France: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 39 France: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 40 Italy: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 41 Italy: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 42 Rest of Western Europe: HVAC Insulation Market Size, By Application,  2014–2021 (USD Million)
Table 43 Rest of Western Europe: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 44 Central & Eastern Europe: HVAC Insulation Market Size, By Country,  2014–2021 (USD Million)
Table 45 Central & Eastern Europe: HVAC Insulation Market Size, By Application,  2014–2021 (USD Million)
Table 46 Central & Eastern Europe: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 47 Russia: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 48 Russia: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 49 Turkey: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 50 Turkey: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 51 Rest of Central & Eastern Europe: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 52 Rest of Central & Eastern Europe: HVAC Insulation Market Size, By Type,  2014–2021 (USD Million)
Table 53 Asia-Pacific: HVAC Insulation Market Size, By Country, 2014–2021 (USD Million)
Table 54 Asia-Pacific: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 55 Asia-Pacific: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 56 China: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 57 China: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 58 Japan: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 59 Japan: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 60 Australia: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 61 Australia: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 62 India: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 63 India: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 64 Malaysia: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 65 Malaysia: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 66 South Korea: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 67 South Korea: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 68 Indonesia: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 69 Indonesia: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 70 Rest of Asia-Pacific: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 71 Rest of Asia-Pacific: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 72 Middle East & Africa: HVAC Insulation Market Size, By Country, 2014–2021 (USD Million)
Table 73 Middle East & Africa: HVAC Insulation Market Size, By Application,  2014–2021 (USD Million)
Table 74 Middle East & Africa: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 75 UAE: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 76 UAE: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 77 Saudi Arabia: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 78 Saudi Arabia: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 79 Kuwait: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 80 Kuwait: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 81 South Africa: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 82 South Africa: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 83 Rest of Middle East & Africa: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 84 Rest of Middle East & Africa: HVAC Insulation Market Size, By Type,  2014–2021 (USD Million)
Table 85 Latin America: HVAC Insulation Market Size, By Country, 2014–2021 (USD Million)
Table 86 Latin America: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 87 Latin America: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 88 Brazil: HVAC Insulation Market Size, By Application, 2014–2021 (USD Million)
Table 89 Brazil: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 90 Rest of Latin America: HVAC Insulation Market Size, By Application,  2014–2021 (USD Million)
Table 91 Rest of Latin America: HVAC Insulation Market Size, By Type, 2014–2021 (USD Million)
Table 92 Expansion, 2012–2016
Table 93 New Product Launch, 2012–2016
Table 94 Acquisition, 2012–2016
Table 95 New Technology Development, 2012–2016


List of Figures (61 Figures)

Figure 1 Years Considered for the Report
Figure 2 HVAC Insulation Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Commercial Buildings to Be the Fastest-Growing Application in the HVAC Insulation Market During the Forecast Period
Figure 7 Glass Wool Will Continue to Dominate the HVAC Insulation Market Till 2021
Figure 8 Phenolic Foam Was the Fastest Growing Type in the HVAC Insulation Market in 2015
Figure 9 Middle East & Africa to Be the Fastest-Growing HVAC Insulation Market Between 2016 and 2021
Figure 10 Opportunities in HVAC Insulation Market (2016–2021)
Figure 11 Asia Pacific Contributed for the Largest Share Among All Types of HVAC Insulation in 2015
Figure 12 Commercial Building Application Accounted for the Largest Share in the HVAC Insulation Market in Asia-Pacific, 2015
Figure 13 U.S. Accounted for the Largest Share in the HVAC Insulation Market in 2015
Figure 14 Developing Countries to Grow Faster Than the Developed Ones
Figure 15 HVAC Insulation Market in the Middle East & Africa and Western Europe to Witness High Growth During the Forecast Period
Figure 16 HVAC Insulation Market, By Region
Figure 17 Rising Growth of the Construction Industry and Increasing Demand for HVAC Systems Drive the HVAC Insulation Market
Figure 18 Value Chain Analysis: HVAC Insulation Market
Figure 19 Porter’s Five Forces Analysis
Figure 20 U.S., China, and Japan to Be the Fastest-Growing Economies
Figure 21 North America Construction Contribution to GDP
Figure 22 Europe Construction Contribution to GDP
Figure 23 Asia Pacific  Construction Contribution to GDP
Figure 24 Lamea Construction Contribution to GDP
Figure 25 Glass Wool HVAC Insulation Market to Account for the Largest Share, By 2021
Figure 26 Asia-Pacific to Dominate the Glass Wool HVAC Insulation Market, Between 2016 and 2021
Figure 27 Middle East & Africa to Be the Fastest-Growing Stone Wool HVAC Insulation Market Between 2016 and 2021 (USD Million)
Figure 28 Middle East & Africa to Be the Fastest-Growing Market for Phenolic Foam Between 2016 and 2021
Figure 29 Middle East & Africa to Be the Fastest-Growing Market for Elastomeric Foam Between 2016 and 2021
Figure 30 Residential Application is Projected to Register the Fastest Growth, Between 2016 and 2021
Figure 31 Middle East & Africa to Be the Fastest Growing Market in the Residential Building Application, in 2015
Figure 32 Asia-Pacific to Be the Largest HVAC Insulation Market in the Commercial Building Application, By 2021
Figure 33 Asia-Pacific to Account for the Largest Market Share in the Industrial Building Application, By 2021
Figure 34 U.S. is Projected to Be the Fastest-Growing Market in North America, 2016–2021
Figure 35 U.S. Leads the HVAC Insulation Market in North America
Figure 36 Asia-Pacific HVAC Insulation Market Snapshot: China, Japan, and Australia are the Most Lucrative Markets
Figure 37 China is the Major HVAC Insulation Market in Asia-Pacific, 2015
Figure 38 Companies Adopted Expansions as the Key Growth Strategy
Figure 39 Saint Gobain S.A. Dominates the Global HVAC Insulation Market, in 2015
Figure 40 Type Mapping of Leading Market Players
Figure 41 Strategies Followed By Key Market Players Between 2012 and 2016
Figure 42 Expansions and New Product Launches: the Most Preferred Strategies Adopted By Companies Between 2012 and 2016
Figure 43 Saint Gobain: Company Snapshot
Figure 44 Saint Gobain: SWOT Analysis
Figure 45 PPG Industries Inc.: Company Snapshot
Figure 46 PPG Industries Inc.: SWOT Analysis
Figure 47 Owens Corning Corporation: Company Snapshot
Figure 48 Owens Corning Corporation: SWOT Analysis
Figure 49 Rockwool International A/S: Company Snapshot
Figure 50 Rockwool International A/S
Figure 51 Armacell International S.A.: Company Snapshot
Figure 52 Armacell International S.A.: SWOT Analysis
Figure 53 Johns Manville Corporation: Company Snapshot
Figure 54 Johns Manville: SWOT Analysis
Figure 55 L'isolante K-Flex S.P.A.: SWOT Analysis
Figure 56 Glassrock Insulation Co S.A.: SWOT Analysis
Figure 57 Knauf Insulation : SWOT Analysis
Figure 58 Kingspan Group PLC: Company Snapshot
Figure 59 Kingspan Group: SWOT Analysis
Figure 60 Paroc Group OY: Company Snapshot
Figure 61 Paroc Group OY: SWOT Analysis

The global HVAC insulation market size is estimated to reach USD 5.29 Billion by 2021 at a CAGR of 8.20%. It is driven by the rising construction industry and increasing demand of HVAC system. Moreover, implementation of stringent regulations and building codes for minimizing the energy consumption is fueling the demand for HVAC insulations.

Different types of HVAC insulations are also included in the report. The main types are glass wool, stone wool, phenolic foam, and elastomeric foam. Glass wool HVAC insulation accounted for the largest-market share due to its easy availability, low cost, and wide application areas. Phenolic foam is the fastest-growing type of HVAC insulation due to its excellent properties, such as low thermal conductivity, exceptionally low flammability, lightweight, and easy to transport, handle, and install.

HVAC insulations are used in various end-use industries such as residential, commercial, and industrial building applications. In 2015, the commercial application is accounted for the largest market share among all the applications, in terms of value. The residential application is estimated to register the highest CAGR between 2016 and 2021 among all the applications considered in the global HVAC insulation market.

Asia-Pacific, North America, Western Europe, Central & Eastern Europe, the Middle East & Africa, and Latin America are considered the main HVAC insulation markets in the report. The Asia-Pacific region is dominating the global HVAC insulation market. The rising demand of HVAC insulations in this region is mainly driven by its huge building construction infrastructure. North America is the second-largest consumer of HVAC insulations, globally. The market in this region is mainly driven by the growing construction industry and stringent government regulations to encourage the energy efficiency. The Middle East & Africa is the fastest-growing region due to the upcoming building infrastructure projects in UAE and increasing energy efficiency awareness in UAE and Saudi Arabia.

HVAC Insulation Market

Though the HVAC insulation market is growing at a significant rate, the lack of energy efficiency awareness among consumers and building professionals in developing and undeveloped countries hampers the market growth.

Saint Gobain S.A. (France), Owens Corning Corporation (U.S.), Armacell International S.A. (Germany), and Rock Wool Internatiuonal A/S (Denmark) are the leading companies, with an excellent foothold in the global market. These companies are expected to account for a significant market share in the near future. Other major manufacturers of HVAC insulations are PPG Industries Inc. (U.S.), Johns Manville Corporation (U.S.), Xiamen Goot Advanced Material Co., Ltd. (China), L'ISOLANTE K-FLEX S.p.A. (Italy), Glassrock Insulation Co S.A.E (Egypt), Knauf Insulation (Belgium), Arabian Fiberglass Insulation Co., Ltd. (Saudi Arabia), Fletcher Insulation Pty Ltd. (Australia), Kingspan Group plc (Ireland), Kuwait Insulating Material Manufacturing Co. (Kuwait), and Paroc Group OY (Finland).

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