Latest industry research report on HVAC Insulation Market. HVAC insulation is a system combining three major functions heating, ventilation and air- conditioning. It aims to provide thermal comfort and acceptable indoor air quality for residential, commercial and industrial buildings. Factors expected to boost the demand for HVAC insulations are increasing demand for thermal insulations for energy efficient applications, and growth in the construction industries.
Growing awareness for reducing energy consumption in buildings is also driving the market for HVAC insulation. The HVAC market is segmented into glass wool, stone wool, phenol foam, elastomeric foam and others.
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Foamed plastic was the largest product consumed and accounted for almost half of the total revenue in 2015. Foamed plastic is widely used for thermal as well as acoustic insulations in residential and non-residential applications. Based on applications the market is segmented into residential, industrial and commercial buildings. In terms of value, commercial building industry accounted for the largest market share in the year 2015.
HVAC INSULATION MARKET KEY SEGMENTS:
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