According to a new market report published by
Lucintel, the future of the HVAC insulation market looks good with opportunities
in the residential and non-residential segments. The global HVAC insulation market is expected to reach an estimated
$5.2 billion by 2021 and is forecast to grow at a CAGR of 5.2% from 2016 to
2021. The
major drivers of growth for this market are the growth in HVAC system and
government regulations to increase energy efficiency.
In this market, fiberglass, plastic foam, and
stone wool are the major materials used as insulation for HVAC. Lucintel
forecast that the fiberglass material segment is likely to experience the
highest growth during the forecast period due to its easy availability,
environment friendly, and better flame retardants properties. On the basis of
its comprehensive research, Lucintel predicts that duct component segment is expected
to show above average growth during the forecast period.
Within the HVAC insulation market, residential
end use segment is expected to remain the largest market by value and volume.
Growth in demand for HVAC system and increasing awareness of energy efficiency
are the major factors which would spur growth for this segment over the
forecast period.
Asia Pacific is expected to remain the largest
region due to continuous growth in residential and commercial building
construction activities; this is particularly true in China and India, where
HVAC insulation demand has had marked increases.
Asia Pacific is expected to witness good
growth over the forecast period because of increasing awareness related to
energy efficiency to reduce energy cost.
For
business expansion, the report suggests innovation and new product development
to enhance fire retardant properties and to improve environmentally friendly
insulation.
The emerging trends that 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. Saint-Gobain,
Kingspan Group, Owens Corning, Knauf Insulation, and Johns Manville are among the major suppliers of HVAC
insulation. Some of these companies are also pursuing mergers and acquisitions
as strategic initiatives for driving growth.
Lucintel,
a leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global HVAC insulation market by material, end use,
component, and region and has written a comprehensive research report entitled “Growth
Opportunities in the Global HVAC Insulation Market 2016-2021: Trends, Forecast,
and Opportunity Analysis.” The Lucintel report serves as a springboard
for growth strategy because it provides comprehensive data and analysis of
trends, key drivers, and directions.
By Material [Volume (M lbs. / Kilotons) and $M
shipment analysis for 2010 – 2021]:
·
Fiberglass
·
Plastic Foam
·
Stone Wool
·
Others
By End Use Industry [Volume (M lbs. /
Kilotons) and $M shipment analysis for 2010 – 2021]:
·
Residential
·
Healthcare and Institutional
·
Manufacturing and Industrial
·
Office
·
Retail
·
Others
By Component [Volume (M lbs. / Kilotons) and
$M shipment analysis for 2010 – 2021]:
·
Ducts
·
Pipes
By Region [Volume (M lbs. / Kilotons) and $M shipment
analysis for 2010 – 2021]:
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This 179-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings
include Construction
Market Report, Construction
Reports, Capital
Investment Analysis, Strategic
Growth Consulting and Due Diligence.
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 area 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 5 years in this
market and what impact have these activities had on the industry?
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