HVAC Insulation Market

The report "HVAC Insulation Market by Product Type (Pipes And Ducts), Material Type (Mineral Wool And Plastic Foam), End Use (Commercial, Residential And Industrial), And Region (North America, Europe, APAC, South America, & MEA) - Global Forecast to 2027", The global market size for HVAC Insulation is estimated USD 5.8 Billion in 2022 and is projected to reach USD 7.4 Billion by 2027, at a CAGR of 5.0% between 2022 and 2027.

Browse 231 market data Tables and 50 Figures spread through 218 Pages and in-depth TOC on "HVAC Insulation Market by Product Type (Pipes And Ducts), Material Type (Mineral Wool And Plastic Foam), End Use (Commercial, Residential And Industrial), And Region (North America, Europe, APAC, South America, & MEA) - Global Forecast to 2027"
https://www.marketsandmarkets.com/Market-Reports/hvac-insulation-market-75521260.html
Early buyers will receive 10% customization on reports.

A HVAC system can be defined as a system that has three functions heating, ventilation, and conditioning. To prevent heat loss, insulating material are used in the HVAC system installed in residential and non-residential buildings to maintain a healthy and comfortable indoor climate and ensure energy efficiency of that building. Various insulating materials used in this include mineral wool and plastic foams. These materials are mainly available in two types, pipes and ducts. Insulation is used in residential, commercial, and industrial buildings

In terms of value, ducts are estimated to be the largest market in the global HVAC Insulation market, by product type, during the forecast period.

Duct insulations are designed primarily to provide acoustic insulation to the ventilation system, but they also contribute to improving the thermal performance. Ductwork can be seen in every cooling and every HVAC system, whether commercial or residential. It has a major impact on the efficiency and comfort level of buildings. The demand for HVAC ducts is expected to increase across several commercial applications like hospitals, restaurants, and offices.

Mineral wool to register the highest CAGR during the forecast period

Mineral wool segment to witness a CAGR of 5.2% during the forecast period in HVAC Insulation market. The growth is attributed to the lightweight, high tensile strength, and excellent temperature controls are some of the properties driving the HVAC Insulation market. Additionally, mineral wool such as stone wool provides thermal, acoustic, and fire protection.

Industrial is estimated to be the second-largest end-use by value in 2022

Industrial HVAC systems are an important part of structures in various industries like food & beverage, and pharmaceuticals, where safe and healthy building conditions are regulated with respect to temperature and humidity, using fresh air from outdoors. The HVAC systems employed for heating purposes are gas or oil-fired boiler or furnace, heat pumps, rooftop units, infrared radiation, among others. Common cooling sources include rooftop units, chillers, heat pumps, and air conditioners. In industrial facilities/buildings, the materials are used for insulating, air ducts, chilled water, among other applications.

Western Europe accounted for third largest region, by value, during the forecast period

In Western Europe, the HVAC insulation market is mainly dependent on the growth of the construction industry. The region has a strong industrial base in developed economies, such as the UK, France, Italy, and Germany. The increasing necessity of safety and fire-resistance in industries of these countries are driving the demand for the HVAC insulation market in Europe. The region accounted for a market share of about 18% in the global HVAC insulation market, in 2021. The continued escalation of energy use in these developed countries has intensified the demand for energy-efficient solutions, including HVAC insulation.

Knauf Insulation (US), Owens Corning Corporation (US), Rockwool International A/S (Denmark), Saint Gobain S.A. (France), Kingspan Group Plc. (Ireland), and Armacell International S.A. (Luxembourg). are some of the key players in the HVAC Insulation market.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]