IMARC Group has recently released a new research study titled “HVAC Insulation Market Report by Material Type, Product Type, Application and Region 2024-2032”, offers a detailed analysis of the global HVAC insulation market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 4.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.7% during 2024-2032.
Heating, ventilation, and air conditioning (HVAC) insulation system is usually installed in buildings to maintain extreme temperature fluctuations while providing comfort and a healthy environment for residents. It also reduces the internal thermal load, which prevents the risk of overheating and icing of water vapor and condensation on cold surfaces. Consequently, heating, ventilation, and air conditioning devices find extensive applications in schools, hospitals, airports, and residential and commercial buildings across the globe.
Request to Get the Sample Report: https://www.imarcgroup.com/hvac-insulation-market/requestsample
What are the growth prospects and trends in the HVAC insulation industry?
The inflating focus on sustainable development is primarily augmenting the market. Furthermore, the rising utilization of these systems in the automotive sector, as they have a high level of thermal and acoustic performance that helps decrease heat accumulation, enhance passenger comfort, and increase fuel economy, is also bolstering the market growth. Apart from this, the widespread adoption of heating, ventilation, and air conditioning devices in the construction industry is further catalyzing the global market.
The increasing usage of HVAC systems, as they are non-combustible, saves overall operating and maintenance costs, and offers low thermal conductivity, is positively influencing the market growth. Besides this, the launch of numerous initiatives undertaken by the government bodies of several countries for implementing strict regulations to minimize energy consumption, on account of the growing environmental concerns, is also driving the global market.
Additionally, leading players are highly investing in the deployment of consumer-friendly and customized systems in premium and luxury vehicles, which is acting as another significant growth-inducing factor. Additionally, the rising industrialization and extensive research and development (R&D) activities are expected to drive the market in the coming years.
Competitive Landscape:
The competitive landscape of the HVAC insulation market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Arabian Fiberglass Insulation Company Ltd.
Armacell International Holding GmbH
Compagnie de Saint-Gobain S.A.
Fletcher Insulation Pty Limited
Glassrock Insulation Co. S.A.E
Johns Manville Corporation (Berkshire Hathaway Inc.)
Kingspan Group Plc
Knauf Insulation Inc.
Kuwait Insulating Material Manufacturing Co.
L’ISOLANTE K-FLEX S.p.A.
Owens Corning
PPG Industries Inc.
Rockwool International A/S
Key Market Segmentation:
The report has segmented the global HVAC insulation market based on material type, product type, application and region.
Breakup by Material Type:
Glass Wool
Stone Wool
Phenolic Foam
Elastomeric Foam
Others
Breakup by Product Type:
Ducts
Pipes
Others
Breakup by Application:
Residential
Commercial
Industrial
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2832&flag=C
Key Highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive 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 a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800