Jun 21, 2023 SOURCE: BusinessWire

Global HVAC Insulation Market Report 2023: Sector is Expected to Reach $7.3 Billion by 2027 at a CAGR of 6% - ResearchAndMarkets.com

The "HVAC Insulation Market Trends: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The global HVAC insulation market is forecast to reach $7.3 billion by 2027 with a CAGR of 6.0% from 2021 to 2027. The major drivers for this market are growth in HVAC systems and stringency in government regulations to increase energy efficiency.

Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for high temperature insulation and the growing use of eco-friendly materials.

A total of 137 figures/charts and 105 tables are provided in this 205-page report to help in your business decisions.

HVAC Insulation Market

In this market, residential is the largest end use market, whereas duct is largest in component type. Growth in various segment of the HVAC Insulation market are given below:

HVAC Insulation Market by Segment

The study includes trends and forecast for the global HVAC insulation market by material, end use industry, component, and region as follows:

By Material [$M and Kilotons shipment analysis from 2016 - 2027]:

Fiberglass
Plastic Foam
Stone Wool
Others

By End Use Industry [$M and Kilotons shipment analysis from 2016 - 2027]:

Residential
Healthcare and Institutional
Manufacturing and Industrial
Office
Retail
Others

By Component [$M and Kilotons shipment analysis from 2016 - 2027]:

Ducts
Pipes

By Region [$M and Kilotons shipment analysis for 2016 - 2027]:

North America
United States
Canada
Mexico
Europe
United Kingdom
France
Germany
Italy
Asia Pacific
China
Japan
India
The Rest of the World

Some of the HVAC insulation companies profiled in this report include Kingspan, Saint-Gobain, Owens Corning, Johns Manville, Knauf Insulation, Armacell Engineered Foams, and Rockwool.

The analyst forecasts that fiberglass will remain the largest material and it is also expected to witness the highest growth over the forecast period due to its easy availability and better flame retardant property.

Residential will remain the largest end use industry over the forecast period due to increasing awareness towards energy efficiency and growth in demand for HVAC systems.

Asia Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growth in residential and commercial construction activities and increasing awareness for energy efficiency to reduce energy cost.

This report answers the following 11 key Questions

Q.1. What are some of the most promising, high-growth opportunities for the global HVAC insulation market by material (fiberglass, plastic foam, stone wool, and others), component (ducts and pipes), end use (residential, healthcare and institutional, manufacturing and industrial, office, retail, and others), and region (North America, Europe, APAC, and ROW)?

Q.2.Which product segments will grow at a faster pace and why?

Q.3.Which region will grow at a faster pace and why?

Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges in the market?

Q.5.What are the business risks and competitive threats in this market?

Q.6.What are emerging trends in this market and reasons behind them?

Q.7.What are some changing demands of customers in the market?

Q.8.What are the new developments in the market and which companies are leading these developments?

Q.9.Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10. What are some of the competitive products in this market, and how great a threat do they pose for loss of market share through product substitution?

Q.11. What M & A activities have transpired in the last five years in this market and what impact have these activities had on the industry?

For more information about this report visit https://www.researchandmarkets.com/r/1y35bh

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