Opportunities for the global HVAC insulation market to reach $6.3 billion by 2025

According to a new market report published by Lucintel, the future of the global HVAC insulation market looks attractive with opportunities in the residential and non-residential industries. The global HVAC insulation market is forecast to reach $6.3 billion by 2025 with a CAGR of 5% from 2020 to 2025. The major drivers for this market are growth in HVAC systems and stringency in government regulations to increase energy efficiency.

In this market, fiberglass, plastic foam, and stone wool are the major materials used as insulation for HVAC systems. Lucintel 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.

Within the HVAC insulation market, 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.

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. Kingspan, Saint-Gobain, Owens Corning, Johns Manville, Knauf Insulation, Armacell Engineered Foams, and Rockwool are some of the major HVAC insulation manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global HVAC insulation market by material, end use industry, component, and region and has come up with a comprehensive research report entitled  “Growth Opportunities in the Global HVAC Insulation Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. 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 2014 to 2025]:

·         Fiberglass

·         Plastic Foam

·         Stone Wool

·         Others

By End Use Industry [$M and Kilotons shipment analysis from 2014 to 2025]:

·         Residential 

·         Healthcare and Institutional

·         Manufacturing and Industrial

·         Office

·         Retail

·         Others

By Component [$M and Kilotons shipment analysis from 2014 to 2025]:

·         Ducts

·         Pipes

By Region [$M and Kilotons shipment analysis for 2014 to 2025]:

·         North America

                          United States

                          Canada

                          Mexico

·         Europe

              United Kingdom

               France

              Germany

               Italy

·         Asia Pacific

              China

              Japan

               India

·         The Rest of the World

This 206-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, Market Research Report, Capital Investment Feasibility and SWOT Analysis.

About Lucintel                                 

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers 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?