Source: LinkedIn, Author: Prajakta K. Chemical Research analyst, Specializing in district cooling, HVAC and Construction. 

HVAC insulation is a system combining three major functions heating, ventilation and air-conditioning. It aims to provide thermal comfort and acceptable indoor air quality for residential, commercial and industrial buildings. Factors expected to boost the demand for HVAC insulations are increasing demand for thermal insulations for energy efficient applications, and growth in the construction industries.

The global HVAC insulation market size is estimated to reach USD 5.29 Billion by 2021 at a CAGR of 8.20%. Implementation of stringent regulations and building codes for minimizing the energy consumption is fueling the demand for HVAC insulations.

Commercial buildings: The Largest Application of the HVAC Insulation Market

HVAC insulations are used in various sectors in the building & construction industry such as residential, commercial, and industrial buildings. The commercial building industry segment accounted for the largest market share, in terms of value, in 2015. As commercial buildings are larger than the residential buildings, the HVAC systems installed in commercial buildings are also larger. Larger systems consume more insulation and consequently it incurs higher cost. The residential building industry is estimated to grow at the highest CAGR between 2016 and 2021 in terms of value among all the applications considered in the report. Population growth and increasing urbanization lead to the development of residential buildings, driving the demand of HVAC insulations in the residential building application.

Key Target Audience:

  • Manufacturers of HVAC insulation material
  • Traders, distributors, and suppliers of HVAC insulation
  • Regional manufacturers’ associations and general HVAC insulation associations
  • Government and regional agencies and research organizations
  • Investment research firms

Market Ecosystem:

HVAC insulations are manufactured from various raw materials such as glass wool, stone wool, phenolic foam, elastomeric foam, and other plastic foams. These raw materials are supplied to the major HVAC insulation solution providers such as Knauf Insulation (Belgium), Arabian Fiberglass Insulation Co., Ltd. (Saudi Arabia), Fletcher Insulation Pty Ltd. (Australia), Kingspan Group plc (Ireland) and Kuwait Insulating Material Manufacturing Co. (Kuwait). These insulation providers are also focusing on increasing their geographical presence by undertaking strategies such as product launch, partnership, expansion, innovation, and acquisition.

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