Growth Opportunities in the Global HVAC Insulation Market
The future of the HVAC insulation market looks good with opportunities in the residential and nonresidentialsegments. The global HVAC insulation market is expected to reach an estimated $5.2billion by 2021 and is forecast to grow at a CAGR of 5.2% from 2016 to 2021. The major drivers ofgrowth for this market are the growth in HVAC system and government regulations to increaseenergy efficiency.
In this market, fiberglass, plastic foam, and stone wool are the major materials used as insulationfor HVAC. Lucintel forecast that the fiberglass material segment is likely to experience the highestgrowth during the forecast period due to its easy availability, environment friendly, and better flameretardants properties. On the basis of its comprehensive research, Lucintel predicts that ductcomponent 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 largestmarket by value and volume. Growth in demand for HVAC system and increasing awareness ofenergy efficiency are the major factors which would spur growth for this segment over the forecastperiod.
For business expansion, the report suggests innovation and new product development to enhancefire retardant properties and to improve environmentally friendly insulation.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities in the global HVAC insulation market interms of value ($ Mil) and volume (kt) shipment
Trend and forecast analysis: Global HVAC insulation market trend (2010-2015) and forecast (2016-2021) by region and segment
Segmentation analysis: : Global HVAC insulation market size from 2010 to 2021 byvarious material type, by end use industry , and by component type as follows:
Global HVAC insulation market size by material type:
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