The report on the HVAC Insulation Market published by Stratview Research covers in depth details associated with the HVAC Insulation Market.
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The HVAC Insulation Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the HVAC Insulation Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.
Key Players
The following are the key players in the HVAC Insulation Market:
Armacell International S.A.
Arabian Fiberglass Insulation Co., Ltd. (AFICO)
Saint-Gobain S.A.
PPG Industries Inc.
Owens Corning Corporation
Rockwool International A/S
Johns Manville Corporation
L’isolante K-Flex S.P.A.
Kingspan Group PLC
Kuwait Insulating Material Manufacturing Co. (KIMMCO).
Growth drivers and Market Value:
This report, from Stratview Research, studies the HVAC Insulation Market value and growth drivers over the trend period of 2022-27. According to the report –
HVAC Insulation Market is likely to witness an impressive CAGR of 10.2% during the forecast period. The major factors driving the global HVAC insulation market are the burgeoning construction industry and the growing demand for HVAC systems. Adding a fresh paint, the implementation of stringent regulations and building codes for minimizing the energy consumption is further bolstering the demand for HVAC insulations during the forecast period.
Segment Analysis:
Based on Application Type:
Based on the application type, the market is segmented as residential, commercial, and industrial. The commercial application segment accounted for the largest share of the market in 2018, among all the applications. The residential application segment is expected to witness the highest growth during the forecast period.
Based on Region:
In terms of regions, Asia-Pacific, North America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and Latin America are considered to be the major markets for HVAC insulations. The Asia-Pacific region is leading the global HVAC insulation market. The increasing demand for HVAC insulations in this region is mainly driven by its titanic building construction infrastructure. North America is estimated as the second-largest consumer of HVAC insulations, globally. The market in this region is mainly propelled by the growing construction industry and the stringent government regulations to embolden energy efficiency. The Middle East and Africa are estimated as the faster-growing regions, owing to the various building infrastructural projects, in the offing, in the UAE and the increasing cognizance of energy efficiency in the UAE and Saudi Arabia.
Critical Questions Answered in the Report
- What are the key trends in the HVAC Insulation Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on HVAC Insulation Market?
- What are the key strategies adopted by the major vendors to lead in the HVAC Insulation Market?
- What is the market share of the top vendors?
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