Global HVAC Insulation Market 2016-2020

Global market outlook for HVAC insulation

The global HVAC insulation market is estimated to exhibit steady growth and will post an impressive CAGR of over 7% by 2020. The recent increase in construction activities across the globe is a key factor leading to the strong growth of this market during the predicted period. It has been noted that the growth of the construction industry plays a significant role in boosting the global HVAC insulation market. New developments in the residential, commercial, and industrial sectors have increased the demand for HVAC systems, which subsequently translates into the demand for HVAC insulation to improve building efficiency. Also, recent innovations in building design and increased focus on energy efficiency for buildings have created an opportunity for HVAC insulation manufacturers to expand their foothold in the market.  Since these systems find high application in the residential construction market, the recent rise in the installation of privately owned housing units has led to the increased demand for HVAC systems during the estimated period.

Globally, the market for HVAC insulation is dominated by the APAC region, where factors like rising investments in the real estate sector lead to the strong growth of this market. This region is envisaged to retain its dominating hold over the market by 2020 due to heavy investments in the development of land sites in Tier 1 and Tier 2 cities and rapid urbanization.  Additionally, in this region, it has also been noted that nearly 200 million people are likely to shift to urban dwellings in the next decade. This recent shift to urban dwellings is a key factor that results in the high demand for HVAC insulation during the next four years.

Competitive landscape and key vendors

This market is characterized by the presence of multinational conglomerates as the production of these materials is highly capital-intensive. Due to the capital intensive nature of this market, achieving economies of scale remains the primary focal point for industry participants to survive the competition.

Key vendors in this market are -

• Johns Manville
• Knauf Insulation
• Owens Corning
• ROCKWOOL
• Saint-Gobain ISOVER

Other prominent vendors analyzed in this market study are Armacell, CSR Building Products, K-Flex USA, Kingspan, and Huntsman.

Segmentation by material type and analysis of the HVAC insulation market

• Wool
• Foamed plastic

According to this market research report, the foamed plastic segment dominated this market during 2015 will experience the fastest growth until the end of 2020. Historically, the non-residential sector has been the major end-user of foamed plastics, mainly due to its high R-value. However, changes in building energy conservation codes like the 2012 IECC, which call for better insulation in the residential sector, will boost the demand for foamed plastic insulation in this sector despite its higher cost.

End-user segmentation and analysis of the HVAC insulation market

• Residential
• Non-residential

During 2015, the non-residential segment dominated this market and is envisaged to retain its dominating hold over the market until the end of 2020. It has been observed that HVAC systems, being highly energy-intensive, especially in commercial buildings, are being developed in conjunction with the trend of reducing emissions and enhancing energy efficiency, in which the installation and up-gradation of HVAC insulation play a major role. Healthcare and educational institutions, manufacturing and industrial buildings, and offices and retail stores are some of the key non-residential users of HVAC insulation.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global HVAC insulation market?
• What are the key market trends impacting the growth of the global HVAC insulation market?
• What are the challenges to market growth?
• Who are the key vendors in the global HVAC insulation market?
• What are the market opportunities and threats faced by the vendors in the global HVAC insulation market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global HVAC insulation market?

Technavio also offers customization on reports based on specific client requirement.

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