Insulation to the heating, ventilation and air conditioning systems (HVAC) is a way of improvising the fire safety, energy efficiency and acoustic performance of the buildings. The insulation is provided in HVAC systems as a resistance towards heat loss or gain.
For instance, in cold lines of the HVAC, HVAC insulation resists the heat loss from the system whereas in heating lines it helps in preventing heat gains. According to ISO and EN standards a material is considered as thermal insulation material when (thermal conductivity) λ< 0.065 W/mK.
In HVAC systems, duct insulation is an important need since the air flow in the ductwork has to be maintained at desired temperature level. HVAC insulation are highly adopted in residential, commercial and industrial applications.
The global HVAC insulation market is expected to expand significantly during the forecast period with the increasing global HVAC systems market.
Global HVAC Insulation Market: Drivers and Restraints:
The global HVAC Insulation market is primarily driven by the increasing demand for HVAC systems. The uncertain climatic changes propels the increase in sales of HVAC systems which in turn drives the global HVAC insulation market.
The commercial and industrial sectors are the major driving forcing towards the global HVAC insulation market since the consumption of HVAC systems are more when compared to residential. HVAC insulation saves the energy being wasted, thus reducing the ultimate energy bills which is one of the major factor driving the global HVAC insulation market.
The government regulation towards enhancing energy efficiency of the commercial and industrial buildings also drives the global HVAC insulation market.
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Global HVAC Insulation Market: Segmentation
On the basis of material type, HVAC insulation market is segmented into:-
- Phenolic foam
- Flexible Elastomeric Rubber Foam (NBR)
- Extruded Polyethylene Foam (XPE)
- Polyurathane Foam (PUF)
- Stone wool
- Glass wool
- Ceramic wool
- Cellular Glass
On the basis of HVAC lines, HVAC insulation market is segmented into:-
- Cold lines
- Warm lines
- Heating lines
On the basis of application, HVAC insulation market is segmented into:-
Global HVAC Insulation Market: Region Wise Outlook
The global HVAC Insulation market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). APAC holds major share in the consumption of HVAC insulation materials.
This is attributed by growing industries in countries such as China, India, Indonesia, South Korea, Taiwan, and Vietnam. North America and Japan followed by Europe are expected to grow moderately during the forecast period.
The HVAC market in MEA and Latin America are expected to show growth during the forecast period.
Global HVAC Insulation market: Key Players
Some of the key players identified in the global HVAC Insulation market includes:
- PPG Industries Inc.
- Owen Corning Corporation
- Saint Gobain S.A.
- Glassrock Insulation Co S.A.E
- Johns Manville Corporation
- Glassrock Insulation Co S.A.E
- Rockwool International A/S
- Xiamen Goot Advanced Material Co., Ltd.
- Armacell International S.A.
- Fletcher Insulation Pty Ltd.
- Kingspan Group plc
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