Lucintel's latest market report analyzed that HVAC insulation provides attractive opportunities in the residential and non-residential industries. The HVAC insulation market is expected to reach $7.3 billion by 2027 with a CAGR of 6.0%. In this market, fiberglass is the largest segment by material, whereas residential is largest by end use industry. Increasing demand for high temperature insulation and the growing use of eco-friendly materials provides strategic growth path in this market.
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Based on material, the HVAC insulation market is segmented into fiberglass, plastic foam, stone wool, and others. The fiberglass segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to its easy availability and better flame retardant property.
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105 – Tables
137 – Figures
205 – Pages
The HVAC Insulation Market is marked by the presence of several big and small players. Some of the prominent players offering HVAC insulation include Kingspan, Saint-Gobain, Owens Corning, Johns Manville, Rockwool International, Armacell Engineered Foams, Knauf Insulation, Hira Industries, Arabian Fiberglass Insulation Co. Ltd., and Fletcher Insulation Pty Ltd.
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