HVAC Insulation Market

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

Report Code: CH 4403 Nov, 2022, by marketsandmarkets.com

[169 Pages Report] HVAC Insulation Market size 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.”

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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.

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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TABLE OF CONTENTS

1 INTRODUCTION
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 MARKET INCLUSIONS
           1.2.2 MARKET EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY
    2.1 RESEARCH DATA
    2.2 SECONDARY DATA
           2.2.1 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
           2.3.1 KEY DATA FROM PRIMARY SOURCES
           2.3.2 KEY INDUSTRY INSIGHTS
           2.3.3 BREAKDOWN OF PRIMARY INTERVIEWS
           2.3.4 NOTE FROM KEY PRIMARY RESPONDENTS
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
    2.5 DATA TRIANGULATION 
    2.6 GROWTH RATE ASSUMPTIONS/ GROWTH FORECAST
    2.7 FACTOR ANALYSIS
    2.8 ASSUMPTIONS
    2.9 RISK ASSESSMENT
    2.10 LIMITATIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS
    4.1 HVAC INSULATION, BY TYPE
    4.2 HVAC INSULATION, BY MATERIAL
    4.3 HVAC INSULATION, BY END-USE INDUSTRY
    4.4 HVAC INSULATION, BY REGION

5 MARKET OVERVIEW
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
           5.2.2 RESTRAINTS
           5.2.3 OPPORTUNITIES
           5.2.4 CHALLENGES
    5.3 VALUE CHAIN ANALYSIS
           5.3.1 RAW MATERIAL SUPPLIERS
           5.3.2 CONVERTERS
           5.3.3 DISTRIBUTORS
           5.3.4 END-USE INDUSTRY
    5.4 PORTER’S FIVE FORCES ANALYSIS
           5.4.1 THREAT OF SUBSTITUTES
           5.4.2 BARGAINING POWER OF BUYERS
           5.4.3 THREAT OF NEW ENTRANTS
           5.4.4 BARGAINING POWER OF SUPPLIERS
           5.4.5 INTENSITY OF COMPETITIVE RIVALRY
    5.5 ECOSYSTEM MAPPING
    5.6 TRADE ANALYSIS
    5.7 PRICING ANALYSIS
    5.8 IMPACT OF COVID 19
    5.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS BUSINESS
    5.10 PATENT ANALYSIS
    5.11 TECHNOLGY ANALYISIS
    5.12 CASE STUDY ANALYSIS 
    5.13 KEY CONFERENCES & EVENTS IN 2022-2023
    5.14 TARIFF AND REGULATORY LANDSCAPE
    5.15 KEY STAKEHOLDERS & BUYING CRITERIA
    5.16 MACROECONOMIC INDICATORS

6 HVAC INSULATION MARKET, BY TYPE
    6.1 INTRODUCTION
    6.2 PIPES
    6.3 DUCTS

7 HVAC INSULATION MARKET, BY MATERIAL
    7.1 INTRODUCTION
    7.2 MINERAL WOOL
           7.2.1 GLASS WOOL
           7.2.2 STONE WOOL
    7.3 PLASTIC FOAM
           7.3.1 PHENOLIC,PUR, PIR
           7.3.2 ELASTOMERIC FOAMS
           7.3.3 PE FOAM & CROSS-LINKED PE

8 HVAC INSULATION MARKET, BY END-USE INDUSTRY
    8.1 INTRODUCTION
    8.2 RESIDENTIAL
    8.3 COMMERCIAL
    8.4 INDUSTRIAL

9 HVAC INSULATION MARKET, BY REGION
    9.1 INTRODUCTION
    9.2 ASIA PACIFIC
           9.2.1 CHINA
           9.2.2 INDIA
           9.2.3 JAPAN
           9.2.4 SOUTH KOREA
           9.2.5 AUSTRALIA
           9.2.6 INDONESIA
           9.2.7 MALAYSIA
           9.2.8 REST OF ASIA PACIFIC
    9.3 NORTH AMERICA
           9.3.1 US
           9.3.2 CANADA
           9.3.3 MEXICO
    9.4 WESTERN EUROPE
           9.4.1 GERMANY
           9.4.2 ITALY
           9.4.3 FRANCE
           9.4.4 UK
           9.4.8 REST OF WESTERN EUROPE
    9.5 CENTRAL & EASTERN EUROPE
           9.4.1 POLAND
           9.4.2 RUSSIA
           9.4.8 REST OF CENTRAL & EASTERN EUROPE
    9.6 MIDDLE EAST & AFRICA
           9.6.1 SAUDI ARABIA
           9.6.2 EGYPT
           9.6.3 SOUTH AFRICA
           9.6.4 UAE
           9.6.5 REST OF MIDDLE EAST & AFRICA
    9.7 SOUTH AMERICA
           9.7.1 BRAZIL
           9.7.2 ARGENTINA
           9.7.3 COLOMBIA
           9.7.4 REST OF SOUTH AMERICA

10 COMPETITIVE LANDSCAPE
     10.1 INTRODUCTION
     10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
     10.3 MARKET EVALUATION MATRIX
     10.4 REVENUE ANALYSIS OF TOP PLAYERS
     10.5 MARKET RANKING OF KEY PLAYERS
     10.6 COMPANY EVALUATION MATRIX
             10.6.1 STAR
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE
             10.6.4 PARTICIPANT
     10.7 COMPETITIVE BENCHMARKING
     10.8 COMPANY EVALUATION MATRIX (STARTUPS/SMES)
             10.8.1 PROGRESSIVE COMPANIES
             10.8.2 RESPONSIVE COMPANIES
             10.8.3 STARTING BLOCKS
             10.8.4 DYNAMIC COMPANY
     10.9 COMPETITIVE SITUATION AND TRENDS
             10.9.1 NEW LAUNCHES
             10.9.2 DEALS
             10.9.3 ACQUISITION/MERGERS
             10.9.4 OTHERS

11 COMPANY PROFILES
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 KEY PLAYERS
             11.1.1 OWENS CORNING (INCLUDING PAROC GROUP)
                        11.1.1.1 BUSINESS OVERVIEW
                        11.1.1.2 PRODUCTS OFFERED
                        11.1.1.3 RECENT DEVELOPMENTS
                        11.1.1.4 MNM VIEW
                                     11.1.1.4.1 KEY STRENGTHS/RIGHT TO WIN
                                     11.1.1.4.2 STRATEGIC CHOICES MADE
                                     11.1.1.4.3 WEAKNESSES AND COMPETITIVE THREATS
             11.1.2 SAINT GOBAIN
             11.1.3 ARMACELL INTERNATIONAL SA
             11.1.4 KNAUF GROUP
             11.1.5 ROCKWOOL INTERNATIONAL
             11.1.6 GLASSROCK INSULATION CO SAE
             11.1.7 KINGSPAN GROUP PLC
             11.1.8 JOHNS MANVILLE CORPORATION
             11.1.9  URSA INTERNATIONAL S.A.
             11.1.10 L'ISOLANTE K-FLEX S.P.A
     11.2 OTHER PLAYERS

12 APPENDIX
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS


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Report Code
CH 4403
Published ON
Nov, 2022
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