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Base Year
Historical Year
Forecast Year
The global HVAC insulation market size reached approximately USD 4.87 billion in 2023. The market is projected to grow at a CAGR of 5.9% between 2024 and 2032, reaching a value of around USD 8.18 billion by 2032.
Global HVAC Insulation Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 4.87 |
Market Size 2032 | USD Billion | 8.18 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.9% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 7.6% |
CAGR 2024-2032 - Market by Country | India | 8.0% |
CAGR 2024-2032 - Market by Country | Canada | 6.9% |
CAGR 2024-2032 - Market by Component | Pipes | 7.3% |
CAGR 2024-2032 - Market by Material Type | Phenolic Foam | 6.7% |
HVAC refers to the heating, ventilation, and air conditioning system in a house or official building. It is used to maintain an optimal indoor temperature in all climates. HVAC insulation is a crucial component in HVAC systems and refers to the process of using insulating materials to prevent the loss or gain of heat within the system. It helps improve the overall energy efficiency of the HVAC system.
Based on component, the market is bifurcated into pipes and ducts. The global HVAC insulation market segmentation, according to the material type, is divided into glass wool, elastomeric foam, phenolic foam, and stone wool, among others. Based on application, the market division includes residential, commercial, and industrial. The major regional markets for HVAC insulation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
CAGR 2024-2032 - Market by | Country |
India | 8.0% |
Canada | 6.9% |
China | 6.7% |
USA | 5.9% |
Australia | 5.2% |
Japan | 4.5% |
UK | XX% |
Germany | XX% |
France | XX% |
Italy | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global HVAC insulation market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Glass wool is expected to be in high demand during the forecast period and contribute a large portion of the global HVAC insulation market share. The popularity of glass wool can be attributed to its excellent thermal insulation properties, which not only help conserve energy but also ensure the safety of workers by shielding them from hot surfaces. Additionally, glass wool is highly effective in reducing noise pollution, making it an ideal choice for creating a safer and more peaceful working environment in noisy settings.
According to the global HVAC insulation market analysis, the demand for HVAC insulation in commercial applications is expected to increase in the coming years. The growing global economy has spurred significant development in the commercial sector. As businesses flourish, there is a rise in the construction and renovation of commercial properties. These structures often incorporate larger and more sophisticated HVAC systems to cater to the different internal conditions.
Owens Corning Corporation is a global company that specialises in the production of building materials and composite solutions. Founded in 1938, the company is headquartered in Ohio, the United States. Owens Corning has established itself as a prominent player in the construction and industrial sectors.
Rockwool Group is a leading global manufacturer of innovative insulation and other sustainable building materials. Established in 1937 in Denmark, the company has grown into a multinational corporation with a strong presence in various regions worldwide. Rockwool specialises in producing stone wool insulation, a versatile material made from volcanic rock and recycled materials.
Armacell International S.A. is a global leader in the development and manufacturing of high-performance foams and insulation materials. Founded in 1954, the company has its headquarters in Luxembourg and operates in various regions worldwide. With a strong focus on innovation and sustainability, Armacell’s expertise lies in the production of flexible and elastomeric foam materials.
Other global HVAC insulation market players include Compagnie de Saint-Gobain S.A., Knauf Insulation, Inc., L'isolante K-Flex S.p.A, Johns Manville Corporation, and Fletcher Building Group, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Material Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 4.87 billion.
The market is projected to grow at a CAGR of 5.9% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 8.18 billion by 2032.
The major market drivers are the increasing adoption of HVAC systems to tackle climate change and the development of new materials and manufacturing processes by key players.
The market is guided by the increasing urban constructions and smart city development activities and advancements in in insulation materials.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major applications of the product include residential, commercial, and industrial.
The key players in the market are Owens Corning Corporation, Rockwool Group, Armacell International S.A., Compagnie de Saint-Gobain S.A., Knauf Insulation, Inc., L'isolante K-Flex S.p.A, Johns Manville Corporation, and Fletcher Building Group, among others.
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Philippines
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Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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