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HVAC Insulation Market

Global HVAC Insulation Market Size, Share, Forecast: By Component: Pipes, Ducts; By Material Type: Glass Wool, Elastomeric Foam, Phenolic Foam, Stone Wool, Others; By Application: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global HVAC Insulation Market Outlook

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.

 

Key Trends in the Market

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.

 

  • One of the prominent HVAC insulation market trends includes the increasing demand for energy-efficient solutions. As concerns over climate change continue to rise, both consumers and regulatory bodies are pushing for efficient HVAC systems.
  • Advancements in insulation materials and manufacturing processes are positively influencing the HVAC insulation market growth. Manufacturers are continuously developing new materials with improved thermal properties, lighter weights, and easier installation processes.
  • The growing urban construction and smart city development plans around the world, particularly in emerging economies, provide positive opportunities for the market. As more buildings and infrastructure are constructed, there is a substantial increase in HVAC systems, which simultaneously increases the HVAC insulation market demand. Rapid urbanisation, population growth, and increased disposable incomes are also expanding the market for HVAC insulation.

 

Market Analysis

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.

 

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.

 

  • 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 
  • Fletcher Building Group
  • Others

 

Market Share by Material Type

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.

 

Market Share by Application

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.

 

Competitive Landscape

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.

 

Key Highlights of the Report

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:

  • Component
  • Material Type
  • Application
  • Region
Breakup by Component
  • Pipes
  • Ducts
Breakup by Material Type
  • Glass Wool
  • Elastomeric Foam
  • Phenolic Foam
  • Stone Wool
  • Others
Breakup by Application
  • Residential
  • Commercial
  • Industrial
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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 
  • Fletcher Building Group
  • Others

 

*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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global HVAC Insulation Market Analysis

    8.1    Key Industry Highlights
    8.2    Global HVAC Insulation Historical Market (2018-2023) 
    8.3    Global HVAC Insulation Market Forecast (2024-2032)
    8.4    Global HVAC Insulation Market by Component
        8.4.1    Pipes
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Ducts
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global HVAC Insulation Market by Material Type
        8.5.1    Glass Wool
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Elastomeric Foam
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Phenolic Foam
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Stone Wool
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global HVAC Insulation Market by Application
        8.6.1    Residential
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Commercial
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Industrial
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global HVAC Insulation Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
9    North America HVAC Insulation Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe HVAC Insulation Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific HVAC Insulation Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America HVAC Insulation Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa HVAC Insulation Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Owens Corning Corporation 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Rockwool Group 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Armacell International S.A. 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Compagnie de Saint-Gobain S.A.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Knauf Insulation, Inc. 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    L'isolante K-Flex S.p.A 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Johns Manville Corporation 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Fletcher Building Group 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global HVAC Insulation Market: Key Industry Highlights, 2018 and 2032
2.    Global HVAC Insulation Historical Market: Breakup by Component (USD Billion), 2018-2023
3.    Global HVAC Insulation Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.    Global HVAC Insulation Historical Market: Breakup by Material Type (USD Billion), 2018-2023
5.    Global HVAC Insulation Market Forecast: Breakup by Material Type (USD Billion), 2024-2032
6.    Global HVAC Insulation Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global HVAC Insulation Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global HVAC Insulation Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global HVAC Insulation Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America HVAC Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America HVAC Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe HVAC Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe HVAC Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific HVAC Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific HVAC Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America HVAC Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America HVAC Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa HVAC Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa HVAC Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global HVAC Insulation Market Structure

Key Questions Answered in the Report

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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