Global HVAC Insulation Market by Product Type (Pipes, Ducts), Material Type (Mineral Wool, Plastic Foam), End-use (Commercial, Residential, Industrial), and Region (North America, Europe, APAC, South America, MEA)

Increasing Demand for High-Temperature Insulation is Driving Market Growth

The global market size for HVAC Insulation is estimated at USD 5.8 billion in 2022 and is projected to reach USD 7.4 billion by 2027, at a CAGR of 5% between 2022 and 2027. The demand for HVAC insulation is increasing owing to the growth in construction activities in both developed and emerging economies.

In terms of value, pipes accounts for the fastest-growing segment in HVAC Insulation market, by product type, during the forecast period

Pipe insulation not only offers high levels of thermal performance, but it offers excellent acoustics to reduce noise as well. Moreover, pipe insulation regulates the internal temperature of a pipe; increases the operating efficiency of heating, ventilating, cooling, plumbing; helps in the reduction of heat loss and thereby saves more energy and money; reduces the damage to equipment from exposure to fire or corrosive atmospheres; and reduces the emission of pollutants into the atmosphere.

In terms of value, mineral wool is estimated to be fastest-growing segment in HVAC Insulation market, by material type, during the forecast period

Mineral wool such as stone wool provides thermal, acoustic, and fire protection. It is a highly effective insulating material. Mineral wool ranges from loose material used for injected insulation of cavity walls to slabs and rolls for wall insulation and pre-formed and faced pipe sections. Stone wool is especially useful when superior fire resistance and acoustic performance are required.

In terms of value, residential is estimated to be fastest-growing segment in HVAC Insulation market, by end-use, during the forecast period

Owing to higher levels of economic growth and anticipated improvements in the quality of life over the next few years, developing countries are expected to witness see a rapid increase in residential construction demand during the forecast period. Building construction is growing due to the increase of growing population & population shift toward urban areas. The growing infrastructure and residential construction are focusing on below-ground construction to build robust and water & moisture-proof building structures, thereby creating demand to insulate pipes in HVAC Insulation market.

North America region accounted for the second-largest share in the HVAC Insulation market by value

North America was the second-largest HVAC insulation market, accounting for a share of over 20% in 2021. Building & construction is the largest end-use industry of HVAC insulation in the region. The HVAC insulation market in North America is witnessing a moderate growth rate owing to the maturity of the market. Rising awareness for energy efficiency is expected to drive the growth of the residential market, and the non-residential market is expected to recover from the economic downturn due to the COVID-19 pandemic.

Breakdown of Primaries

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the HVAC Insulation market, and information was gathered from secondary research to determine and verify the market size of several segments.

The break-up of the primaries is as follows:

By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
By Designation: C Level Executives - 20%, Directors - 10%, and Others - 70%
By Region: APAC - 30%,Western Europe - 20%, Central & Eastern Europe - 10%, North America - 20%, the Middle East & Africa - 10%, and South America - 10%

Owens Corning Corporation (US), Saint-Gobain Isover (France), Rockwool International (Denmark), Knauf Group (US), and Armacell International (Luxembourg) are some of the key players in the HVAC Insulation market.

Research Coverage

This report provides detailed segmentation of the HVAC Insulation market based on by material type, product type, by end-use, and region. Based on product type, the market has been segmented into pipes and ducts. Based on material type, the market has been segmented into mineral wool and plastic foam. Mineral wool is further segmented into glass wool and stone wool, whereas plastic foam is segmented into phenolic/PIR/PUR, elastomeric foam, PE & cross-lined PE foam. Based on end-use industry, the market has been segmented into commercial, residential and industrial.

Key Benefits of Buying the Report

From an insight perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the HVAC Insulation market; high growth regions; and market drivers, restraints, opportunities, and challenges.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
Table 1 HVAC Insulation Market: Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 HVAC Insulation: Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered
1.5 Currency Considered
1.6 Units Considered
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology

2.1 Research Data
Figure 2 HVAC Insulation Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Primary Interviews - Demand and Supply Sides
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size Using Bottom-Up Approach
Figure 3 HVAC Insulation Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Arriving at Market Size Using Top-Down Approach
Figure 4 Top-Down Approach
Figure 5 Market Size Estimation Approach
2.3 Data Triangulation
Figure 6 HVAC Insulation Market: Data Triangulation
2.4 Factor Analysis
2.5 Assumptions
2.6 Limitations & Risks

3 Executive Summary

Figure 7 Ducts Product Type Segment to Lead Market During Forecast Period
Figure 8 Plastic Foam Material Type to Lead Market During Forecast Period
Figure 9 Commercial End Use Accounted for Largest Share of HVAC Insulation Market
Figure 10 Asia-Pacific Accounted for Largest Market Share

4 Premium Insights

4.1 Emerging Economies to Witness High Growth in HVAC Insulation Market
Figure 11 Asia-Pacific to Offer Attractive Opportunities for Players in HVAC Insulation Market
4.2 HVAC Insulation Market, by Product Type
Figure 12 Pipes to be Faster-Growing Product Type
4.3 HVAC Insulation Market, by Material Type
Figure 13 Mineral Wool to be Faster-Growing Material Type
4.4 HVAC Insulation Market, by End Use
Figure 14 Residential to be Fastest-Growing End Use
4.5 HVAC Insulation Market, by Country
Figure 15 India to Grow at Highest CAGR

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
Figure 16 Drivers, Restraints, Opportunities, and Challenges in HVAC Insulation Market
5.2.1 Drivers
5.2.1.1 Rising Growth of Construction Industry
Table 2 Construction Industry Added Value on Annual Growth in 2021
5.2.1.2 Use of Eco-Friendly Materials
5.2.1.3 Increasing Demand for High-Temperature Insulation
5.2.1.4 Government Support in Form of Tax Rebates and Credits
5.2.2 Restraints
5.2.2.1 Increased Cost of Insulation Materials
5.2.2.2 Lack of Awareness About Energy Efficiency
5.2.3 Opportunities
5.2.3.1 Stringent Government Regulations Encouraging Energy Efficiency
5.2.3.2 Technology Advancement in HVAC
5.2.4 Challenges
5.2.4.1 Lack of Proper Disposal & Recycling Techniques for Glass Wool
5.2.4.2 Requirement of Skilled Workforce to Hinder Market Growth
5.3 Patent Analysis
5.3.1 Methodology
5.3.2 Document Type
Figure 17 Granted Patents
5.3.3 Publication Trends-Last 10 Years
Figure 18 Total Number of Patents During Last 10 Years
5.3.4 Insights
5.3.5 Jurisdiction Analysis
Figure 19 Top Jurisdictions for HVAC Insulation Patents
5.3.6 Top 10 Companies/Applicants
Figure 20 Top 10 Companies/Applicants with Highest Number of Patents
5.3.7 Patents by Johnson Controls Technology Company
5.3.8 Patents by Johns Manville
5.3.9 Patents by Grid4C
5.3.10 Top 10 Patent Owners in Last 10 Years
5.4 Porter's Five Forces Analysis
Figure 21 HVAC Insulation Market: Porter's Five Forces Analysis
5.4.1 Threat from Substitutes
5.4.2 Bargaining Power of Suppliers
5.4.3 Threat from New Entrants
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Competitive Rivalry
Table 3 HVAC Insulation: Porter's Five Forces Analysis
5.5 Ecosystem Mapping
Figure 22 HVAC Insulation Ecosystem
5.6 Value Chain Analysis
Figure 23 Value Chain Analysis
5.6.1 Raw Material Suppliers
5.6.2 Manufacturers
5.6.3 Distributors
5.6.4 End-users
Table 4 HVAC Insulation Value Chain Stakeholders
5.7 Impact of COVID-19 on HVAC Insulation Market
5.7.1 COVID-19
5.7.2 Impact on End Use
Figure 24 Global Propagation of COVID-19 at Unprecedented Pace
5.8 Raw Material Analysis
5.8.1 Mineral Wool
5.8.2 Plastic Foam
5.9 Pricing Analysis
5.9.1 Average Selling Prices Based on Region
Figure 25 HVAC Insulation Prices in Different Regions, 2020-2021
Figure 26 Average Selling Prices for Key Players in End-use Segments
5.9.2 Average Selling Prices for Key Players
Table 5 Key Players: Average Selling Prices (USD/KG)
5.10 Trade Analysis
5.10.1 Import Trade Analysis
Table 6 Region-Wise Import Trade (In USD Thousand)
Figure 27 Region-Wise Import Trade (In USD Thousand)
5.10.2 Export Trade Analysis
Table 7 Region-Wise Export Trade (In USD Thousand)
Figure 28 Region-Wise Export Trade (In USD Thousand)
Table 8 Major Import Partners - HVAC Insulation
5.11 Macroeconomic Indicators
5.11.1 GDP Trends and Forecasts
Table 9 Projected Real GDP Growth (Annual Percent Change) of Key Countries, 2018-2025
5.12 Trends/Disruptions Impacting Customer Business
Figure 29 Trends/Disruptions Impacting Customer Business
5.13 Key Conferences & Events in 2022-2023
Table 10 HVAC Insulation Market: Detailed List of Conferences & Events
5.14 Key Factors Affecting Buying Decision
5.14.1 Quality
5.14.2 Service
Figure 30 Supplier Selection Criteria
5.15 Technology Analysis
5.15.1 New Technologies - HVAC Insulation
5.16 Tariff and Regulatory Landscape
5.16.1 ASTM C1696-20
5.16.2 ASTM C547
5.16.3 ISO 13787:2003(E)
5.16.4 US
5.16.5 Europe
5.16.6 Others
5.16.7 Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Rest of the World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.17 Case Study Analysis
5.17.1 Johns Manville
5.17.2 Fletcher Insulation
5.17.3 Rockwool

6 HVAC Insulation Market, by Product Type

6.1 Introduction
Figure 31 Pipes to be Faster-Growing Product Type During Forecast Period
Table 14 HVAC Insulation Market Size, by Product Type, 2018-2021 (USD Million)
Table 15 HVAC Insulation Market Size, by Product Type, 2022-2027 (USD Million)
Table 16 HVAC Insulation Market Size, by Product Type, 2018-2021 (Kiloton)
Table 17 HVAC Insulation Market Size, by Product Type, 2022-2027 (Kiloton)
6.2 Pipes
6.2.1 Thermal Stability and Acoustic Comfort to Drive Market
6.3 Ducts
6.3.1 Lower Energy Bills and Improved Thermal Performance to Drive Market

7 HVAC Insulation Market, by Material Type

7.1 Introduction
Figure 32 Plastic Foam to be Larger Material Type During Forecast Period
Table 18 HVAC Insulation Market Size, by Material Type, 2018-2021 (USD Million)
Table 19 HVAC Insulation Market Size, by Material Type, 2022-2027 (USD Million)
Table 20 HVAC Insulation Market Size, by Material Type, 2018-2021 (Kiloton)
Table 21 HVAC Insulation Market Size, by Material Type, 2022-2027 (Kiloton)
7.2 Mineral Wool
7.2.1 Glass Wool
7.2.1.1 Excellent Temperature Control and Condensation Control Make IT Ideal for HVAC Insulation Systems
7.2.2 Stone Wool
7.2.2.1 Abundant and Easy Availability of Raw Materials to Drive Rock Wool Market
7.3 Plastic Foam
7.3.1 Phenolic, PIR & PUR
7.3.1.1 Phenolic, PIR & PUR to Account for Largest Market Share
7.3.2 Elastomeric Foam
7.3.2.1 Excellent Fire-Resistant Property Makes IT Ideal for HVAC Insulation
7.3.3 Polyethylene
7.3.3.1 Anti-Fungal Property of PE to Find Application in Pipe Insulation
7.3.3.2 XLPE

8 HVAC Insulation Market, by End Use

8.1 Introduction
Figure 33 Commercial to be Largest End Use of HVAC Insulation Market
Table 22 HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 23 HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
Table 24 HVAC Insulation Market Size, by End Use, 2018-2021 (Kiloton)
Table 25 HVAC Insulation Market Size, by End Use, 2022-2027 (Kiloton)
8.2 Residential
8.2.1 Residential to be Fastest-Growing End Use
8.3 Commercial
8.3.1 Rapid Urbanization to Drive Market Growth
8.4 Industrial
8.4.1 Energy Efficiency of HVAC Insulation to Drive Market

9 HVAC Insulation Market, by Region

9.1 Introduction
Figure 34 HVAC Insulation Market in India to Register Highest CAGR
Table 26 HVAC Insulation Market Size, by Region, 2018-2021 (USD Million)
Table 27 HVAC Insulation Market Size, by Region, 2022-2027 (USD Million)
Table 28 HVAC Insulation Market Size, by Region, 2018-2021 (Kiloton)
Table 29 HVAC Insulation Market Size, by Region, 2022-2027 (Kiloton)
9.2 Asia-Pacific
Figure 35 Asia-Pacific: HVAC Insulation Market Snapshot
Table 30 Asia-Pacific: HVAC Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 31 Asia-Pacific: HVAC Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 32 Asia-Pacific: HVAC Insulation Market Size, by Country, 2018-2021 (Kiloton)
Table 33 Asia-Pacific: HVAC Insulation Market Size, by Country, 2022-2027 (Kiloton)
Table 34 Asia-Pacific: HVAC Insulation Market Size, by Material Type, 2018-2021 (USD Million)
Table 35 Asia-Pacific: HVAC Insulation Market Size, by Material Type, 2022-2027 (USD Million)
Table 36 Asia-Pacific: HVAC Insulation Market Size, by Material Type, 2018-2021 (Kiloton)
Table 37 Asia-Pacific: HVAC Insulation Market Size, by Material Type, 2022-2027 (Kiloton)
Table 38 Asia-Pacific: HVAC Insulation Market Size, by Product Type, 2018-2021 (USD Million)
Table 39 Asia-Pacific: HVAC Insulation Market Size, by Product Type, 2022-2027 (USD Million)
Table 40 Asia-Pacific: HVAC Insulation Market Size, by Product Type, 2018-2021 (Kiloton)
Table 41 Asia-Pacific: HVAC Insulation Market Size, by Product Type, 2022-2027 (Kiloton)
Table 42 Asia-Pacific: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 43 Asia-Pacific: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
Table 44 Asia-Pacific: HVAC Insulation Market Size, by End Use, 2018-2021 (Kiloton)
Table 45 Asia-Pacific: HVAC Insulation Market Size, by End Use, 2022-2027 (Kiloton)
9.2.1 China
9.2.1.1 Growth in Construction Industry to Drive Market Growth
Table 46 China: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 47 China: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.2.2 India
9.2.2.1 Government Initiatives to Develop Infrastructure to Drive Demand for HVAC Insulation
Table 48 India: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 49 India: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.2.3 Japan
9.2.3.1 Upgrading of Infrastructure to Drive HVAC Insulation Market
Table 50 Japan: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 51 Japan: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.2.4 Indonesia
9.2.4.1 Rising Demand for HVAC Systems to Drive Market
Table 52 Indonesia: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 53 Indonesia: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.2.5 Malaysia
9.2.5.1 Growth in Commercial Sector to Drive Market
Table 54 Malaysia: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 55 Malaysia: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.2.6 Australia
9.2.6.1 Construction Industry Major Driver of HVAC Insulation Market
Table 56 Australia: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 57 Australia: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.2.7 South Korea
9.2.7.1 Growing Residential Construction Industry to Drive Market
Table 58 South Korea: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 59 South Korea: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.2.8 Rest of Asia-Pacific
Table 60 Rest of Asia-Pacific: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 61 Rest of Asia-Pacific: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.3 Western Europe
Table 62 Western Europe: HVAC Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 63 Western Europe: HVAC Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 64 Western Europe: HVAC Insulation Market Size, by Country, 2018-2021 (Kiloton)
Table 65 Western Europe: HVAC Insulation Market Size, by Country, 2022-2027 (Kiloton)
Table 66 Western Europe: HVAC Insulation Market Size, by Material Type, 2018-2021 (USD Million)
Table 67 Western Europe: HVAC Insulation Market Size, by Material Type, 2022-2027 (USD Million)
Table 68 Western Europe: HVAC Insulation Market Size, by Material Type, 2018-2021 (Kiloton)
Table 69 Western Europe: HVAC Insulation Market Size, by Material Type, 2022-2027 (Kiloton)
Table 70 Western Europe: HVAC Insulation Market Size, by Product Type, 2018-2021 (USD Million)
Table 71 Western Europe: HVAC Insulation Market Size, by Product Type, 2022-2027 (USD Million)
Table 72 Western Europe: HVAC Insulation Market Size, by Product Type, 2018-2021 (Kiloton)
Table 73 Western Europe: HVAC Insulation Market Size, by Product Type, 2022-2027 (Kiloton)
Table 74 Western Europe: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 75 Western Europe: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
Table 76 Western Europe: HVAC Insulation Market Size, by End Use, 2018-2021 (Kiloton)
Table 77 Western Europe: HVAC Insulation Market Size, by End Use, 2022-2027 (Kiloton)
9.3.1 Germany
9.3.1.1 Growing Residential Construction Industry to Drive Market
Table 78 Germany: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 79 Germany: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.3.2 France
9.3.2.1 Investments from International Companies to Drive Industrial HVAC Insulation Market
Table 80 France: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 81 France: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.3.3 UK
9.3.3.1 Continuous Innovations and Technological Advancements Support HVAC Insulation Market
Table 82 UK: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 83 UK: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.3.4 Italy
9.3.4.1 Increasing Number of Infrastructure Projects to Support Market Growth
Table 84 Italy: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 85 Italy: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.3.5 Rest of Western Europe
Table 86 Rest of Western Europe: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 87 Rest of Western Europe: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.4 Central & Eastern Europe
Table 88 Central & Eastern Europe: HVAC Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 89 Central & Eastern Europe: HVAC Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 90 Central & Eastern Europe: HVAC Insulation Market Size, by Country, 2018-2021 (Kiloton)
Table 91 Central & Eastern Europe: HVAC Insulation Market Size, by Country, 2022-2027 (Kiloton)
Table 92 Central & Eastern Europe: HVAC Insulation Market Size, by Material Type, 2018-2021 (USD Million)
Table 93 Central & Eastern Europe: HVAC Insulation Market Size, by Material Type, 2022-2027 (USD Million)
Table 94 Central & Eastern Europe: HVAC Insulation Market Size, by Material Type, 2018-2021 (Kiloton)
Table 95 Central & Eastern Europe: HVAC Insulation Market Size, by Material Type, 2022-2027 (Kiloton)
Table 96 Central & Eastern Europe: HVAC Insulation Market Size, by Product Type, 2018-2021 (USD Million)
Table 97 Central & Eastern Europe: HVAC Insulation Market Size, by Product Type, 2022-2027 (USD Million)
Table 98 Central & Eastern Europe: HVAC Insulation Market Size, by Product Type, 2018-2021 (Kiloton)
Table 99 Central & Eastern Europe: HVAC Insulation Market Size, by Product Type, 2022-2027 (Kiloton)
Table 100 Central & Eastern Europe: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 101 Central & Eastern Europe: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
Table 102 Central & Eastern Europe: HVAC Insulation Market Size, by End Use, 2018-2021 (Kiloton)
Table 103 Central & Eastern Europe: HVAC Insulation Market Size, by End Use, 2022-2027 (Kiloton)
9.4.1 Russia
9.4.1.1 Growing Construction Industry to Drive Market
Table 104 Russia: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 105 Russia: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.4.2 Poland
9.4.2.1 Investments by International Companies to Drive Industrial Growth
Table 106 Poland: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 107 Poland: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.4.3 Rest of Central & Eastern Europe
Table 108 Rest of Central & Eastern Europe: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 109 Rest of Central & Eastern Europe: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.5 North America
Table 110 North America: HVAC Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 111 North America: HVAC Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 112 North America: HVAC Insulation Market Size, by Country, 2018-2021 (Kiloton)
Table 113 North America: HVAC Insulation Market Size, by Country, 2022-2027 (Kiloton)
Table 114 North America: HVAC Insulation Market Size, by Material Type, 2018-2021 (USD Million)
Table 115 North America: HVAC Insulation Market Size, by Material Type, 2022-2027 (USD Million)
Table 116 North America: HVAC Insulation Market Size, by Material Type, 2018-2021 (Kiloton)
Table 117 North America: HVAC Insulation Market Size, by Material Type, 2022-2027 (Kiloton)
Table 118 North America: HVAC Insulation Market Size, by Product Type, 2018-2021 (USD Million)
Table 119 North America: HVAC Insulation Market Size, by Product Type, 2022-2027 (USD Million)
Table 120 North America: HVAC Insulation Market Size, by Product Type, 2018-2021 (Kiloton)
Table 121 North America: HVAC Insulation Market Size, by Product Type, 2022-2027 (Kiloton)
Table 122 North America: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 123 North America: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
Table 124 North America: HVAC Insulation Market Size, by End Use, 2018-2021 (Kiloton)
Table 125 North America: HVAC Insulation Market Size, by End Use, 2022-2027 (Kiloton)
Figure 36 North America: HVAC Insulation Market Snapshot
9.5.1 US
9.5.1.1 US Leads Demand for HVAC Insulation in North America
Table 126 US: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 127 US: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.5.2 Canada
9.5.2.1 Increase in Demand due to Government Measures to Drive Market
Table 128 Canada: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 129 Canada: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.5.3 Mexico
9.5.3.1 Growth of US Economy to Boost Construction Activities in Country
Table 130 Mexico: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 131 Mexico: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.6 South America
Table 132 South America: HVAC Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 133 South America: HVAC Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 134 South America: HVAC Insulation Market Size, by Country, 2018-2021 (Kiloton)
Table 135 South America: HVAC Insulation Market Size, by Country, 2022-2027 (Kiloton)
Table 136 South America: HVAC Insulation Market Size, by Material Type, 2018-2021 (USD Million)
Table 137 South America: HVAC Insulation Market Size, by Material Type, 2022-2027 (USD Million)
Table 138 South America: HVAC Insulation Market Size, by Material Type, 2018-2021 (Kiloton)
Table 139 South America: HVAC Insulation Market Size, by Material Type, 2022-2027 (Kiloton)
Table 140 South America: HVAC Insulation Market Size, by Product Type, 2018-2021 (USD Million)
Table 141 South America: HVAC Insulation Market Size, by Product Type, 2022-2027 (USD Million)
Table 142 South America: HVAC Insulation Market Size, by Product Type, 2018-2021 (Kiloton)
Table 143 South America: HVAC Insulation Market Size, by Product Type, 2022-2027 (Kiloton)
Table 144 South America: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 145 South America: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
Table 146 South America: HVAC Insulation Market Size, by End Use, 2018-2021 Kiloton)
Table 147 South America: HVAC Insulation Market Size, by End Use, 2022-2027 (Kiloton)
9.6.1 Brazil
9.6.1.1 Brazil Leads Demand for HVAC Insulation in South America
Table 148 Brazil: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 149 Brazil: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.6.2 Argentina
9.6.2.1 Advanced Infrastructure to Boost Demand for HVAC Insulation
Table 150 Argentina: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 151 Argentina: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.6.3 Colombia
9.6.3.1 Increasing Demand from Residential Buildings to Boost Demand for HVAC Insulation
Table 152 Colombia: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 153 Colombia: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.6.4 Rest of South America
Table 154 Rest of South America: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 155 Rest of South America: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.7 Middle East & Africa
Table 156 Middle East & Africa: HVAC Insulation Market Size, by Country, 2018-2021 (USD Million)
Table 157 Middle East & Africa: HVAC Insulation Market Size, by Country, 2022-2027 (USD Million)
Table 158 Middle East & Africa: HVAC Insulation Market Size, by Country, 2018-2021 (Kiloton)
Table 159 Middle East & Africa: HVAC Insulation Market Size, by Country, 2022-2027 (Kiloton)
Table 160 Middle East & Africa: HVAC Insulation Market Size, by Material Type, 2018-2021 (USD Million)
Table 161 Middle East & Africa: HVAC Insulation Market Size, by Material Type, 2022-2027 (USD Million)
Table 162 Middle East & Africa: HVAC Insulation Market Size, by Material Type, 2018-2021 (Kiloton)
Table 163 Middle East & Africa: HVAC Insulation Market Size, by Material Type, 2022-2027 (Kiloton)
Table 164 Middle East & Africa: HVAC Insulation Market Size, by Product Type, 2018-2021 (USD Million)
Table 165 Middle East & Africa: HVAC Insulation Market Size, by Product Type, 2022-2027 (USD Million)
Table 166 Middle East & Africa: HVAC Insulation Market Size, by Product Type, 2018-2021 (Kiloton)
Table 167 Middle East & Africa: HVAC Insulation Market Size, by Product Type, 2022-2027 (Kiloton)
Table 168 Middle East & Africa: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 169 Middle East & Africa: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
Table 170 Middle East & Africa: HVAC Insulation Market Size, by End Use, 2018-2021 (Kiloton)
Table 171 Middle East & Africa: HVAC Insulation Market Size, by End Use, 2022-2027 (Kiloton)
9.7.1 Saudi Arabia
9.7.1.1 Government Projects in Construction Industry to Drive Market
Table 172 Saudi Arabia: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 173 Saudi Arabia: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.7.2 UAE
9.7.2.1 Stringent Regulations Toward Building Safety to Boost Demand for HVAC Insulation
Table 174 UAE: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 175 UAE: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.7.3 Egypt
9.7.3.1 Growth in Construction Activities to Boost Demand for HVAC Insulation
Table 176 Egypt: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 177 Egypt: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.7.4 South Africa
9.7.4.1 Stringent Regulations for Building Insulation to Propel Market Growth
Table 178 South Africa: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 179 South Africa: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)
9.7.5 Rest of Middle East & Africa
Table 180 Rest of Middle East & Africa: HVAC Insulation Market Size, by End Use, 2018-2021 (USD Million)
Table 181 Rest of Middle East & Africa: HVAC Insulation Market Size, by End Use, 2022-2027 (USD Million)

10 Competitive Landscape

10.1 Introduction
10.2 Strategies Adopted by Key Players
Figure 37 Companies Adopted Acquisition and New Product Launch as Key Growth Strategies Between 2019 and 2022
10.3 Market Evaluation Matrix
Table 182 Market Evaluation Matrix
10.4 Revenue Analysis of Top Players
Table 183 HVAC Insulation Market: Revenue Analysis (USD)
10.5 Ranking Analysis of Key Market Players
Figure 38 Ranking of Top Five Players in HVAC Insulation Market
10.5.1 Owens Corning Corporation
10.5.2 Saint-Gobain SA
10.5.3 Rockwool International
10.5.4 Armacell International SA
10.5.5 Kingspan Group PLC
10.6 Market Share Analysis
Figure 39 HVAC Insulation: Market Share Analysis
Table 184 HVAC Insulation Market: Degree of Competition
10.7 Competitive Evaluation Quadrant (Tier 1)
10.7.1 Stars
10.7.2 Emerging Leaders
10.7.3 Pervasive Players
10.7.4 Participants
Figure 40 HVAC Insulation Market (Global): Company Evaluation Matrix for Tier 1 Companies
10.8 Strength of Product Portfolio
Figure 41 Product Portfolio Analysis of Top Players in HVAC Insulation Market
10.9 Business Strategy Excellence
Figure 42 Business Strategy Excellence of Top Players in HVAC Insulation Market
10.10 Competitive Benchmarking
Table 185 HVAC Insulation Market: Detailed List of Companies
10.10.1 Company Type Footprint
Table 186 Overall Product Type Footprint
10.10.2 Company End Use Footprint
Table 187 Overall End Use Footprint
10.10.3 Company Material Footprint
Table 188 Overall Material Footprint
10.10.4 Company Region Footprint
Table 189 Overall Region Footprint
10.11 Competitive Evaluation Quadrant, Small and Medium-Sized Enterprises (SMEs)/Start-Ups
10.11.1 Starting Blocks
10.11.2 Responsive Companies
10.11.3 Progressive Companies
10.11.4 Dynamic Companies
Figure 43 HVAC Insulation Market (Global): Company Evaluation Matrix for SMEs
10.11.5 Strength of Product Portfolio (SMEs)
Figure 44 Product Portfolio Analysis of Other Players in HVAC Insulation Market (SMEs)
10.11.6 Business Strategy Excellence (SMEs)
Figure 45 Business Strategy Excellence of Other Players in HVAC Insulation Market (SMEs)
10.12 Competitive Situation & Trends
10.12.1 Product Launches
Table 190 HVAC Insulation Market: Product Launches, 2019-2022
10.12.2 Deals
Table 191 HVAC Insulation Market: Deals, 2019-2022
10.12.3 Others
Table 192 HVAC Insulation Market: Others, 2019-2022

11 Company Profiles

(Business Overview, Products Offered, Recent Developments, New Product Launches, Deals, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats) *
11.1 Major Players
11.1.1 Saint-Gobain SA
Table 193 Saint-Gobain SA: Company Overview
Figure 46 Saint-Gobain SA: Company Snapshot
Table 194 Saint-Gobain SA: Product Offerings
Table 195 Saint-Gobain SA: New Product Launches
Table 196 Saint-Gobain SA: Deals
Table 197 Saint-Gobain SA: Other Developments
11.1.2 Owens Corning Corporation
Table 198 Owens Corning Corporation: Company Overview
Figure 47 Owens Corning Corporation: Company Snapshot
Table 199 Owens Corning Corporation: Product Offerings
Table 200 Owens Corning Corporation: New Product Launches
Table 201 Owens Corning Corporation: Deals
11.1.3 Rockwool International
Table 202 Rockwool International: Company Overview
Figure 48 Rockwool International: Company Snapshot
Table 203 Rockwool International: Product Offerings
Table 204 Rockwool International: New Product Launches
Table 205 Rockwool International: Deals
Table 206 Rockwool International: Other Developments
11.1.4 Armacell International SA
Table 207 Armacell International SA: Company Overview
Figure 49 Armacell International SA: Company Snapshot
Table 208 Armacell International SA: Product Offerings
Table 209 Armacell International SA: Product Launches
Table 210 Armacell International SA: Deals
Table 211 Armacell International SA: Other Developments
11.1.5 Knauf Group
Table 212 Knauf Group: Company Overview
Table 213 Knauf Group: Product Offerings
Table 214 Knauf Group: New Product Launches
Table 215 Knauf Group: Other Developments
11.1.6 Kingspan Group PLC
Table 216 Kingspan Group PLC: Company Overview
Figure 50 Kingspan Group PLC: Company Snapshot
Table 217 Kingspan Group PLC: Product Offerings
Table 218 Kingspan Group PLC: Product Launches
Table 219 Kingspan Group PLC: Deals
Table 220 Kingspan Group PLC: Other Developments
11.1.7 Johns Manville Corporation
Table 221 Johns Manville Corporation: Company Overview
Table 222 Johns Manville Corporation: Product Offerings
Table 223 Johns Manville Corporation: Product Launches
Table 224 Johns Manville Corporation: Deals
Table 225 Johns Manville Corporation: Other Developments
11.1.8 Glassrock Insulation Co SAE
Table 226 Glassrock Insulation Co SAE: Company Overview
Table 227 Glassrock Insulation Co SAE: Product Offerings
11.1.9 L'isolante K-Flex S.p.A
Table 228 L'isolante K-Flex S.p.A: Company Overview
Table 229 L'isolante K-Flex S.p.A: Product Offerings
11.1.10 Ursa Insulation SA
Table 230 Ursa Insulation SA: Company Overview
Table 231 Ursa Insulation SA: Product Offerings
11.2 Others
11.2.1 Arabian Fibreglass Insulation Co. Ltd. (AFICO)
11.2.2 Fletcher Insulation Pty. Ltd.
11.2.3 Xiamen Goot Advanced Material
11.2.4 Covestro
11.2.5 PPG Industries Inc.
11.2.6 Huntsman Corporation
11.2.7 Lindner Group AG
11.2.8 Bradford Insulation Pty Limited
11.2.9 Sager SA
11.2.10 Union Foam S.p.A.
11.2.11 Sekisui Foam Australia
11.2.12 Gilsulate International, Inc.
11.2.13 Promat International
11.2.14 Wincell Insulation Co. Ltd.
11.2.15 Visionary Industrial Insulation
*Details on Business Overview, Products Offered, Recent Developments, Deals, Analyst's View, Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats Might Not be Captured in Case of Unlisted Companies

12 Appendix

12.1 Discussion Guide
12.2 Knowledgestore: The Subscription Portal
12.3 Customization Options

Executive Summary

Companies Mentioned

Arabian Fibreglass Insulation Co. Ltd. (AFICO)
Armacell International SA
Bradford Insulation Pty Limited
Covestro
Fletcher Insulation Pty. Ltd.
Gilsulate International, Inc.
Glassrock Insulation Co SAE
Grid4C
Huntsman Corporation
Johns Manville Corporation
Johnson Controls Technology Company
Kingspan Group PLC
Knauf Group
L'isolante K-Flex S.p.A
Lindner Group AG
Owens Corning Corporation
PPG Industries Inc.
Promat International
Rockwool International
Sager SA
Saint-Gobain SA
Sekisui Foam Australia
Union Foam S.p.A.
Ursa Insulation SA
Visionary Industrial Insulation
Wincell Insulation Co. Ltd.
Xiamen Goot Advanced Material

Methodology

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Table Information

Report Attribute	Details
No. of Pages	209
Published	November 2022
Forecast Period	2022 - 2027
Estimated Market Value ( USD ) in 2022	$ 5.8 Billion
Forecasted Market Value ( USD ) by 2027	$ 7.4 Billion
Compound Annual Growth Rate	5.0%
Regions Covered	Global
No. of Companies Mentioned	27

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Global HVAC Insulation Market by Product Type (Pipes, Ducts), Material Type (Mineral Wool, Plastic Foam), End-use (Commercial, Residential, Industrial), and Region (North America, Europe, APAC, South America, MEA) - Forecast to 2027

In terms of value, pipes accounts for the fastest-growing segment in HVAC Insulation market, by product type, during the forecast period

In terms of value, mineral wool is estimated to be fastest-growing segment in HVAC Insulation market, by material type, during the forecast period

In terms of value, residential is estimated to be fastest-growing segment in HVAC Insulation market, by end-use, during the forecast period

North America region accounted for the second-largest share in the HVAC Insulation market by value

Breakdown of Primaries

The break-up of the primaries is as follows:

Research Coverage

Key Benefits of Buying the Report

Table of Contents

Executive Summary

Companies Mentioned

Methodology

Table Information

In terms of value, pipes accounts for the fastest-growing segment in HVAC Insulation market, by product type, during the forecast period

In terms of value, mineral wool is estimated to be fastest-growing segment in HVAC Insulation market, by material type, during the forecast period

In terms of value, residential is estimated to be fastest-growing segment in HVAC Insulation market, by end-use, during the forecast period

North America region accounted for the second-largest share in the HVAC Insulation market by value

Breakdown of Primaries

The break-up of the primaries is as follows:

Research Coverage

Key Benefits of Buying the Report

Table of Contents

Executive Summary

Companies Mentioned

Methodology

Table Information

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