HVAC Insulation Market 2019: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2025

Heating, ventilation, and air conditioning (HVAC) is one of the most energy-intensive systems in commercial and residential buildings. HVAC insulation is crucial to the energy efficiency, performance, and sustainability of HVAC systems. HVAC insulation helps in controlling the heat that is dissipated through conduction, convection, and radiation. Apart from their unique thermal properties, insulation materials also provide protection against sound, fire, and physical impact.

 

Glass wool HVAC insulation accounted for the largest-market share due to its easy availability, low cost, and wide application areas. Phenolic foam is the fastest-growing type of HVAC insulation due to its excellent properties, such as low thermal conductivity, exceptionally low flammability, lightweight, and easy to transport, handle, and install.

 

In 2017, the commercial application is accounted for the largest market share among all the applications, in terms of value. The residential application is estimated to register the highest CAGR between 2018 and 2023 among all the applications considered in the global HVAC insulation market.