HVAC Insulation Market Size, Trends, Demand, Leading Companies, Growth Drivers and Opportunities 2021-26 – Stillwater Current
According to the latest report from the IMARC Group, titled “HVAC Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026The global HVAC insulation market showed moderate growth in 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of approximately 5% in 2021-2026. Heating, ventilating and air-conditioning (HVAC) insulation protects a building from extreme temperature fluctuations and provides a comfortable and healthy environment for its occupants. It also reduces the internal thermal load, eliminating the risk of overheating and icing from water vapor and condensation on cold surfaces. As a result, it finds applications in airports, schools, hospitals and residential and commercial buildings.
If the new coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring the changes in the markets, as well as the purchasing behavior of consumers worldwide – our estimates on the latest market trends and forecast values after considering the impact of this pandemic. These observations will be incorporated into the report.
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Market trends and drivers:
The growing construction industry is driving the growth of the HVAC insulation market. The system is non-combustible, saves overall operating and maintenance costs and offers low thermal conductivity; therefore, it is widely deployed in public places such as hotels, shopping malls and airports. In addition, the implementation of strict regulations by various government agencies in different countries to spread awareness for minimizing the energy consumption and environmental impact of buildings also stimulates market growth. In addition, extensive product adoption in the automotive industry to reduce heat build-up and improve fuel economy and passenger comfort promotes product sales. In addition, the coronavirus (COVID-19) outbreak has escalated its application in healthcare facilities to maintain a sterilized environment and control temperature and humidity. In addition, increasing demand for energy-efficient data centers is expected to further boost market growth.
HVAC Insulation Market 2021-2026 Competitive Analysis and Segmentation:-
Competitive landscape with protagonists:
The competitive landscape of the HVAC Insulation market has been studied in the report with the detailed profiles of the key market players.
Some of these key players include:
- Glass Rock Insulation Co. SAE
- Arabian Fiberglass Insulation Company Ltd.
- PPG Industries Inc.
- Knauf Insulation Inc.
- Fletcher Insulation Pty Limited
- Kingspan Group Plc
- Owens Corning
- Kuwait Insulation Material Manufacturing Co.
- Company of Saint-Gobain SA
- Johns Manville Corporation (Berkshire Hathaway Inc.)
- Rockwool International A/S
Main market segmentation:
The report has segmented the HVAC Insulation market on the basis of material type, product type, application, and region.
Breakdown by material type:
- glass wool
- phenolic foam
- Elastomeric foam
Breakdown by product type:
Breakdown by application:
Breakdown by region:
- North America
- Latin America
- Middle East and Africa
Explore the full report with table of contents and list of images: https://bit.ly/3lQS5oD
Key highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- The impact of COVID-19 on the global market
- Value Chain Analysis
- Structure of the world market
- Comprehensive mapping of the competitive landscape
If you require specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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