The HVAC insulation market is projected to reach USD 9.10 billion by 2030 from USD 7.06 billion in 2025, at a CAGR of 5.2% during the forecast period. The HVAC insulation market is experiencing robust growth globally, significantly fueled by infrastructure development, industrial expansion, and the rising momentum of emerging economies. As nations invest heavily in modernizing their infrastructure—be it residential, commercial, or public facilities—the demand for efficient heating, ventilation, and air conditioning (HVAC) systems continues to grow. HVAC insulation plays a crucial role in enhancing the energy efficiency of these systems by minimizing heat loss or gain, improving thermal performance, and reducing operational costs. This makes insulation an integral component of sustainable construction practices, which are now being widely adopted across various regions. Industrial expansion further contributes to this growth, especially in sectors like manufacturing, pharmaceuticals, food processing, and cold storage, where temperature regulation is essential. These industries require large-scale HVAC systems that must operate reliably and efficiently, which is only possible with proper insulation. As industries aim to meet stringent energy regulations and lower their environmental impact, the adoption of advanced insulation materials is becoming more widespread. Emerging economies in the Asia Pacific, Latin America, and the Middle East are witnessing a construction boom driven by urbanization, rising incomes, and population growth. These regions are rapidly upgrading their infrastructure, and with a growing focus on energy conservation and green buildings, the demand for HVAC insulation is rising sharply. Collectively, these factors are propelling sustained growth in the global HVAC insulation market.
“Plastic foam segment is expected to be the second fastest-growing segment in the HVAC insulation market during the forecast period.”
The plastic foam segment is a prominent material type in the HVAC insulation market, known for its excellent thermal insulation properties, lightweight nature, and versatility. Common types of plastic foams used include polyurethane (PU), polyisocyanurate (PIR), and expanded polystyrene (EPS), each offering specific advantages depending on the application. These materials are widely valued for their low thermal conductivity, moisture resistance, and ability to maintain consistent performance over time. Plastic foams are particularly effective in minimizing heat transfer in HVAC systems, which enhances energy efficiency and reduces operational costs. Their closed-cell structure provides strong resistance to water absorption, making them ideal for use in humid environments or where moisture control is critical. Additionally, plastic foams are easy to install, can be molded into various shapes and sizes, and offer good mechanical strength, making them suitable for insulating ducts, pipes, and HVAC units in both commercial and residential buildings.
Applications of plastic foam insulation span sectors such as industrial facilities, office buildings, hospitals, retail spaces, and homes, where controlling temperature and improving energy efficiency are priorities. As the demand for high-performance, cost-effective insulation materials grows—especially in energy-conscious construction—the plastic foam segment continues to gain traction in the HVAC insulation market globally.
“Industrial segment to be the second fastest-growing end-use industry in the HVAC insulation market during the forecast period”
The industrial segment plays a vital role as an end-use industry in the HVAC insulation market, driven by the need for efficient temperature regulation, energy conservation, and operational cost reduction in large-scale facilities. Industries such as manufacturing, pharmaceuticals, food and beverage processing, petrochemicals, and cold chain logistics heavily rely on robust HVAC systems to maintain controlled environments for both equipment and personnel. Insulation in these systems is crucial to minimizing energy loss, maintaining consistent indoor conditions, and ensuring the efficiency of heating and cooling operations.
HVAC insulation in industrial settings helps prevent thermal fluctuations that could compromise production quality, safety standards, or equipment performance. For instance, in the pharmaceutical and food industries, strict temperature control is essential for product stability and regulatory compliance. Proper insulation also reduces the strain on HVAC systems, thereby extending their lifespan and lowering maintenance costs.
Moreover, industrial facilities often operate in extreme environmental conditions—either very hot or very cold—making advanced insulation materials a necessity. With growing emphasis on energy efficiency, sustainability, and adherence to environmental regulations, industries are increasingly adopting high-performance insulation solutions to meet green certification standards and reduce their carbon footprint. As industrial infrastructure expands globally, especially in emerging economies, the demand for HVAC insulation in this segment is expected to grow steadily.
“Europe is projected to be the second-largest market for HVAC insulation during the forecast period”
The Europe HVAC insulation market is witnessing steady growth, driven by stringent energy efficiency regulations, increasing adoption of green building practices, and rising demand for sustainable infrastructure. The region places a strong emphasis on reducing carbon emissions and improving building energy performance, making HVAC insulation a critical component in achieving these goals.
Key regulatory frameworks such as the EU Energy Performance of Buildings Directive (EPBD) and the European Green Deal mandate energy-efficient construction and renovation across member states. These policies promote the use of high-quality insulation materials in HVAC systems to reduce energy consumption and greenhouse gas emissions in both residential and commercial buildings. Additionally, various national initiatives across countries like Germany, France, and the UK provide incentives and subsidies for energy-efficient upgrades, further accelerating market adoption.
The push for retrofitting older buildings with modern insulation solutions and the region’s commitment to climate neutrality by 2050 are creating strong demand for advanced HVAC insulation materials. Europe’s well-established construction industry, coupled with a high level of environmental awareness among consumers and businesses, continues to support the market. With ongoing innovation and strict regulatory enforcement, the European HVAC insulation market is expected to remain a key contributor to global growth, particularly in applications that require high performance, durability, and environmental compliance.
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Extensive interviews were conducted with experts to determine and verify the market size for several segments and subsegments and the information gathered through secondary research.
The break-up of interviews with experts is given below:
• By Department: Tier 1: 40%, Tier 2: 25%, and Tier 3: 35%
• By Designation: C Level: 35%, Director Level: 30%, and Executives: 35%
• By Region: North America: 25%, Europe: 35%, Asia Pacific: 30%, South America: 5%, Middle East & Africa 5%
Owens Corning Corporation (US), Saint-Gobain SA (France), Knauf Group (US), Kingspan Group PLC (Ireland), Rockwool Group (Denmark), Armacell International SA (Germany), Johns Manville (US), Ursa Insulation S.A. (Spain), Huntsman Corporation (US), Covestro (Germany), L’ISOLANTE K-FLEX SPA (Italy), Union Foam SPA (Italy), Arabian Fiberglass Insulation Company Ltd. (Saudi Arabia), Glassrock Insulation Company (Egypt), and Visionary Industrial Insulation (US), among others are some of the key players in the HVAC insulation market.
The study includes an in-depth competitive analysis of these key players in the HVAC insulation market, with their company profiles, recent developments, and key market strategies.
Research Coverage
The market study covers the HVAC insulation market across various segments. It aims to estimate the market size and the growth potential of this market across different segments based on material type, product type, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their positions in the HVAC insulation market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall HVAC insulation market and its segments and subsegments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the positions of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Rising growth in construction industry, Rising cooling and heating demand), restraints (Lack of awareness of energy efficiency ), opportunities (Innovation in eco-friendly insulation materials, Technological advancements in HVAC), challenges (Fire safety & toxicity concerns, Requirements of skilled workforce to hinder market growth)
• Market Development: Comprehensive information about lucrative markets – the report analyzes the HVAC insulation market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the HVAC insulation market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, product and service offerings of leading players like Owens Corning Corporation (US), Saint-Gobain SA (France), Knauf Group (US), Kingspan Group PLC (Ireland), Rockwool Group (Denmark), Armacell International SA (Germany), Johns Manville (US), Ursa Insulation S.A. (Spain), Huntsman Corporation (US), Covestro (Germany), L’ISOLANTE K-FLEX SPA (Italy), Union Foam SPA (Italy), Arabian Fiberglass Insulation Company Ltd. (Saudi Arabia), Glassrock Insulation Company (Egypt), and Visionary Industrial Insulation (US), among others, are the top manufacturers covered in the HVAC insulation market.
圖表清單 List of Tables & Figures
TABLE 1 HVAC INSULATION MARKET: INCLUSIONS AND EXCLUSIONS 27
TABLE 2 TOP 10 PATENT OWNERS, 2015–2024 51
TABLE 3 HVAC INSULATION: PORTER’S FIVE FORCES ANALYSIS 52
TABLE 4 ROLES OF COMPANIES IN HVAC INSULATION ECOSYSTEM 55
TABLE 5 INDICATIVE PRICING ANALYSIS OF HVAC INSULATION MATERIALS OFFERED
BY KEY PLAYERS, BY END-USE INDUSTRY, 2024 (USD/KG) 58
TABLE 6 IMPORT DATA FOR HS CODE 680610 -COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND) 58
TABLE 7 EXPORT DATA FOR HS CODE 680610-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND) 60
TABLE 8 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE),
BY KEY COUNTRY, 2019–2023 (%) 61
TABLE 9 ANNUAL GDP PERCENTAGE CHANGE AND PROJECTION, BY KEY COUNTRY,
2024–2029 (%) 62
TABLE 10 HVAC INSULATION MARKET: DETAILED LIST OF KEY CONFERENCES
AND EVENTS, 2025–2026 63
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP
END-USE INDUSTRIES 65
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT
AGENCIES, AND OTHER ORGANIZATIONS 69
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 70
TABLE 14 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 70
TABLE 15 HVAC INSULATION MARKET, BY MATERIAL TYPE, 2022–2024 (USD MILLION) 74
TABLE 16 HVAC INSULATION MARKET, BY MATERIAL TYPE, 2025–2030 (USD MILLION) 75
TABLE 17 HVAC INSULATION MARKET, BY MATERIAL TYPE, 2022–2024 (KILOTON) 75
TABLE 18 HVAC INSULATION MARKET, BY MATERIAL TYPE, 2025–2030 (KILOTON) 75
TABLE 19 HVAC INSULATION MARKET, BY PRODUCT TYPE, 2022–2024 (USD MILLION) 80
TABLE 20 HVAC INSULATION MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION) 80
TABLE 21 HVAC INSULATION MARKET, BY PRODUCT TYPE, 2022–2024 (KILOTON) 81
TABLE 22 HVAC INSULATION MARKET, BY PRODUCT TYPE, 2025–2030 (KILOTON) 81
TABLE 23 HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 84
TABLE 24 HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 85
TABLE 25 HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 85
TABLE 26 HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON) 85
TABLE 27 HVAC INSULATION MARKET, BY REGION, 2022–2024 (USD MILLION) 89
TABLE 28 HVAC INSULATION MARKET, BY REGION, 2025–2030 (USD MILLION) 90
TABLE 29 HVAC INSULATION MARKET, BY REGION, 2022–2024 (KILOTON) 90
TABLE 30 HVAC INSULATION MARKET, BY REGION, 2025–2030 (KILOTON) 90
TABLE 31 ASIA PACIFIC: HVAC INSULATION MARKET, BY COUNTRY,
2022–2024 (USD MILLION) 92
TABLE 32 ASIA PACIFIC: HVAC INSULATION MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 92
TABLE 33 ASIA PACIFIC: HVAC INSULATION MARKET, BY COUNTRY, 2022–2024 (KILOTON) 92
TABLE 34 ASIA PACIFIC: HVAC INSULATION MARKET, BY COUNTRY, 2025–2030 (KILOTON) 93
TABLE 35 ASIA PACIFIC: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2022–2024 (USD MILLION) 93
TABLE 36 ASIA PACIFIC: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2025–2030 (USD MILLION) 93
TABLE 37 ASIA PACIFIC: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2022–2024 (KILOTON) 94
TABLE 38 ASIA PACIFIC: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2025–2030 (KILOTON) 94
TABLE 39 ASIA PACIFIC: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2022–2024 (USD MILLION) 94
TABLE 40 ASIA PACIFIC: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2025–2030 (USD MILLION) 95
TABLE 41 ASIA PACIFIC: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2022–2024 (KILOTON) 95
TABLE 42 ASIA PACIFIC: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2025–2030 (KILOTON) 95
TABLE 43 ASIA PACIFIC: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 95
TABLE 44 ASIA PACIFIC: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 96
TABLE 45 ASIA PACIFIC: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 96
TABLE 46 ASIA PACIFIC: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 96
TABLE 47 CHINA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 97
TABLE 48 CHINA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 97
TABLE 49 CHINA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 98
TABLE 50 CHINA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 KILOTON) 98
TABLE 51 INDIA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 99
TABLE 52 INDIA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 99
TABLE 53 INDIA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 99
TABLE 54 INDIA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON) 100
TABLE 55 JAPAN: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 100
TABLE 56 JAPAN: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 101
TABLE 57 JAPAN: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 101
TABLE 58 JAPAN: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 101
TABLE 59 SOUTH KOREA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 102
TABLE 60 SOUTH KOREA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 102
TABLE 61 SOUTH KOREA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 102
TABLE 62 SOUTH KOREA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 103
TABLE 63 REST OF ASIA PACIFIC: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 103
TABLE 64 REST OF ASIA PACIFIC: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 103
TABLE 65 REST OF ASIA PACIFIC: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 104
TABLE 66 REST OF ASIA PACIFIC: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 104
TABLE 67 EUROPE: HVAC INSULATION MARKET, BY COUNTRY, 2022–2024 (USD MILLION) 105
TABLE 68 EUROPE: HVAC INSULATION MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 106
TABLE 69 EUROPE: HVAC INSULATION MARKET, BY COUNTRY, 2022–2024 (KILOTON) 106
TABLE 70 EUROPE: HVAC INSULATION MARKET, BY COUNTRY, 2025–2030 (KILOTON) 106
TABLE 71 EUROPE: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2022–2024 (USD MILLION) 107
TABLE 72 EUROPE: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2025–2030 (USD MILLION) 107
TABLE 73 EUROPE: HVAC INSULATION MARKET, BY MATERIAL TYPE, 2022–2024 (KILOTON) 107
TABLE 74 EUROPE: HVAC INSULATION MARKET, BY MATERIAL TYPE, 2025–2030 (KILOTON) 108
TABLE 75 EUROPE: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2022–2024 (USD MILLION) 108
TABLE 76 EUROPE: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2025–2030 (USD MILLION) 108
TABLE 77 EUROPE: HVAC INSULATION MARKET, BY PRODUCT TYPE, 2022–2024 (KILOTON) 108
TABLE 78 EUROPE: HVAC INSULATION MARKET, BY PRODUCT TYPE, 2025–2030 (KILOTON) 109
TABLE 79 EUROPE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 109
TABLE 80 EUROPE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 109
TABLE 81 EUROPE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 109
TABLE 82 EUROPE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 110
TABLE 83 GERMANY: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 110
TABLE 84 GERMANY: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 111
TABLE 85 GERMANY: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 111
TABLE 86 GERMANY: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 111
TABLE 87 FRANCE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 112
TABLE 88 FRANCE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 112
TABLE 89 FRANCE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 112
TABLE 90 FRANCE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 112
TABLE 91 UK: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 113
TABLE 92 UK: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 113
TABLE 93 UK: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 113
TABLE 94 UK: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON) 114
TABLE 95 ITALY: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 114
TABLE 96 ITALY: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 114
TABLE 97 ITALY: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 115
TABLE 98 ITALY: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON) 115
TABLE 99 REST OF EUROPE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 115
TABLE 100 REST OF EUROPE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 116
TABLE 101 REST OF EUROPE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 116
TABLE 102 REST OF EUROPE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 116
TABLE 103 NORTH AMERICA: HVAC INSULATION MARKET, BY COUNTRY,
2022–2024 (USD MILLION) 117
TABLE 104 NORTH AMERICA: HVAC INSULATION MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 117
TABLE 105 NORTH AMERICA: HVAC INSULATION MARKET, BY COUNTRY,
2022–2024 (KILOTON) 117
TABLE 106 NORTH AMERICA: HVAC INSULATION MARKET, BY COUNTRY,
2025–2030 (KILOTON) 118
TABLE 107 NORTH AMERICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2022–2024 (USD MILLION) 118
TABLE 108 NORTH AMERICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2025–2030 (USD MILLION) 118
TABLE 109 NORTH AMERICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2022–2024 (KILOTON) 119
TABLE 110 NORTH AMERICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2025–2030 (KILOTON) 119
TABLE 111 NORTH AMERICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2022–2024 (USD MILLION) 119
TABLE 112 NORTH AMERICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2025–2030 (USD MILLION) 120
TABLE 113 NORTH AMERICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2022–2024 (KILOTON) 120
TABLE 114 NORTH AMERICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2025–2030 (KILOTON) 120
TABLE 115 NORTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 120
TABLE 116 NORTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 121
TABLE 117 NORTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 121
TABLE 118 NORTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 121
TABLE 119 US: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 122
TABLE 120 US: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 122
TABLE 121 US: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 122
TABLE 122 US: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON) 123
TABLE 123 CANADA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 123
TABLE 124 CANADA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 124
TABLE 125 CANADA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 124
TABLE 126 CANADA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 124
TABLE 127 MEXICO: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 125
TABLE 128 MEXICO: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 125
TABLE 129 MEXICO: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 125
TABLE 130 MEXICO: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 125
TABLE 131 SOUTH AMERICA: HVAC INSULATION MARKET, BY COUNTRY,
2022–2024 (USD MILLION) 126
TABLE 132 SOUTH AMERICA: HVAC INSULATION MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 126
TABLE 133 SOUTH AMERICA: HVAC INSULATION MARKET, BY COUNTRY,
2022–2024 (KILOTON) 126
TABLE 134 SOUTH AMERICA: HVAC INSULATION MARKET, BY COUNTRY,
2025–2030 (KILOTON) 127
TABLE 135 SOUTH AMERICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2022–2024 (USD MILLION) 127
TABLE 136 SOUTH AMERICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2025–2030 (USD MILLION) 127
TABLE 137 SOUTH AMERICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2022–2024 (KILOTON) 128
TABLE 138 SOUTH AMERICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2025–2030 (KILOTON) 128
TABLE 139 SOUTH AMERICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2022–2024 (USD MILLION) 128
TABLE 140 SOUTH AMERICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2025–2030 (USD MILLION) 129
TABLE 141 SOUTH AMERICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2022–2024 (KILOTON) 129
TABLE 142 SOUTH AMERICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2025–2030 (KILOTON) 129
TABLE 143 SOUTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 129
TABLE 144 SOUTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 130
TABLE 145 SOUTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 KILOTON) 130
TABLE 146 SOUTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 130
TABLE 147 BRAZIL: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 131
TABLE 148 BRAZIL: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 131
TABLE 149 BRAZIL: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 132
TABLE 150 BRAZIL: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 132
TABLE 151 ARGENTINA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 133
TABLE 152 ARGENTINA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 133
TABLE 153 ARGENTINA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 133
TABLE 154 ARGENTINA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 133
TABLE 155 REST OF SOUTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 134
TABLE 156 REST OF SOUTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 134
TABLE 157 REST OF SOUTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 134
TABLE 158 REST OF SOUTH AMERICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON) 135
TABLE 159 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY COUNTRY,
2022–2024 (USD MILLION) 135
TABLE 160 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 136
TABLE 161 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY COUNTRY,
2022–2024 (KILOTON) 136
TABLE 162 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY COUNTRY,
2025–2030 (KILOTON) 136
TABLE 163 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2022–2024 (USD MILLION) 137
TABLE 164 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2025–2030 (USD MILLION) 137
TABLE 165 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2022–2024 (KILOTON) 137
TABLE 166 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY MATERIAL TYPE,
2025–2030 (KILOTON) 138
TABLE 167 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2022–2024 (USD MILLION) 138
TABLE 168 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2025–2030 (USD MILLION) 138
TABLE 169 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2022–2024 (KILOTON) 138
TABLE 170 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY PRODUCT TYPE,
2025–2030 (KILOTON) 139
TABLE 171 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 139
TABLE 172 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 139
TABLE 173 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 139
TABLE 174 MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON) 140
TABLE 175 SAUDI ARABIA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 140
TABLE 176 SAUDI ARABIA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 141
TABLE 177 SAUDI ARABIA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 141
TABLE 178 SAUDI ARABIA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 141
TABLE 179 UAE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 142
TABLE 180 UAE: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 142
TABLE 181 UAE: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 142
TABLE 182 UAE: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON) 142
TABLE 183 REST OF GCC COUNTRIES: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 143
TABLE 184 REST OF GCC COUNTRIES: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 143
TABLE 185 REST OF GCC COUNTRIES: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 143
TABLE 186 REST OF GCC COUNTRIES: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON) 144
TABLE 187 SOUTH AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (USD MILLION) 144
TABLE 188 SOUTH AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 144
TABLE 189 SOUTH AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2022–2024 (KILOTON) 145
TABLE 190 SOUTH AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY,
2025–2030 (KILOTON) 145
TABLE 191 REST OF MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 145
TABLE 192 REST OF MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 146
TABLE 193 REST OF MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON) 146
TABLE 194 REST OF MIDDLE EAST & AFRICA: HVAC INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON) 146
TABLE 195 HVAC INSULATION MARKET: OVERVIEW OF MAJOR STRATEGIES ADOPTED
BY KEY PLAYERS BETWEEN 2020 AND 2025 148
TABLE 196 HVAC INSULATION MARKET: DEGREE OF COMPETITION, 2024 150
TABLE 197 HVAC INSULATION MARKET: PRODUCT TYPE FOOTPRINT 156
TABLE 198 HVAC INSULATION MARKET: END-USE INDUSTRY FOOTPRINT 157
TABLE 199 HVAC INSULATION MARKET: MATERIAL TYPE FOOTPRINT 158
TABLE 200 HVAC INSULATION MARKET: REGION FOOTPRINT 159
TABLE 201 HVAC INSULATION MARKET: DETAILED LIST OF KEY STARTUPS/SMES 162
TABLE 202 HVAC INSULATION MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES 163
TABLE 203 HVAC INSULATION MARKET: PRODUCT LAUNCHES, JANUARY 2020–MAY 2025 164
TABLE 204 HVAC INSULATION MARKET: DEALS, JANUARY 2020–MAY 2025 166
TABLE 205 HVAC INSULATION MARKET: EXPANSIONS, JANUARY 2020–MAY 2025 168
TABLE 206 SAINT-GOBAIN: COMPANY OVERVIEW 172
TABLE 207 SAINT-GOBAIN: PRODUCT OFFERINGS 173
TABLE 208 SAINT-GOBAIN: PRODUCT LAUNCHES 174
TABLE 209 SAINT-GOBAIN: DEALS 175
TABLE 210 SAINT-GOBAIN: EXPANSIONS 175
TABLE 211 OWENS CORNING: COMPANY OVERVIEW 177
TABLE 212 OWENS CORNING: PRODUCT OFFERINGS 178
TABLE 213 OWENS CORNING: PRODUCT LAUNCHES 179
TABLE 214 OWENS CORNING: DEALS 179
TABLE 215 OWENS CORNING: EXPANSIONS 180
TABLE 216 ROCKWOOL INTERNATIONAL: COMPANY OVERVIEW 182
TABLE 217 ROCKWOOL INTERNATIONAL: PRODUCT OFFERINGS 183
TABLE 218 ROCKWOOL INTERNATIONAL: PRODUCT LAUNCHES 184
TABLE 219 ROCKWOOL INTERNATIONAL: DEALS 185
TABLE 220 ROCKWOOL INTERNATIONAL: EXPANSIONS 185
TABLE 221 ARMACELL INTERNATIONAL SA: COMPANY OVERVIEW 187
TABLE 222 ARMACELL INTERNATIONAL SA: PRODUCT OFFERINGS 188
TABLE 223 ARMACELL INTERNATIONAL SA: PRODUCT LAUNCHES 189
TABLE 224 ARMACELL INTERNATIONAL SA: DEALS 189
TABLE 225 ARMACELL INTERNATIONAL SA: EXPANSIONS 190
TABLE 226 KNAUF GROUP: COMPANY OVERVIEW 191
TABLE 227 KNAUF GROUP: PRODUCT OFFERINGS 191
TABLE 228 KNAUF GROUP: PRODUCT LAUNCHES 192
TABLE 229 KNAUF GROUP: DEALS 192
TABLE 230 KNAUF GROUP: EXPANSIONS 192
TABLE 231 KINGSPAN GROUP PLC: COMPANY OVERVIEW 194
TABLE 232 KINGSPAN GROUP PLC: PRODUCT OFFERINGS 195
TABLE 233 KINGSPAN GROUP PLC: PRODUCT LAUNCHES 195
TABLE 234 KINGSPAN GROUP PLC: DEALS 196
TABLE 235 JOHNS MANVILLE CORPORATION: COMPANY OVERVIEW 197
TABLE 236 JOHNS MANVILLE CORPORATION: PRODUCT OFFERINGS 197
TABLE 237 JOHNS MANVILLE CORPORATION: PRODUCT LAUNCHES 198
TABLE 238 JOHNS MANVILLE CORPORATION: DEALS 198
TABLE 239 JOHNS MANVILLE CORPORATION: EXPANSIONS 199
TABLE 240 GLASSROCK INSULATION CO S.A.E.: COMPANY OVERVIEW 200
TABLE 241 GLASSROCK INSULATION CO S.A.E.: PRODUCT OFFERINGS 200
TABLE 242 L’ISOLANTE K-FLEX S.P.A.: COMPANY OVERVIEW 202
TABLE 243 L’ISOLANTE K-FLEX S.P.A.: PRODUCT OFFERINGS 202
TABLE 244 L’ISOLANTE K-FLEX S.P.A.: EXPANSIONS 203
TABLE 245 URSA INSULATION S.A.: COMPANY OVERVIEW 205
TABLE 246 URSA INSULATION S.A.: PRODUCT OFFERINGS 205
FIGURE 1 HVAC INSULATION MARKET: SEGMENTATION AND REGIONAL SCOPE 26
FIGURE 2 HVAC INSULATION MARKET: RESEARCH DESIGN 29
FIGURE 3 TOP-DOWN APPROACH 33
FIGURE 4 BOTTOM-UP APPROACH 34
FIGURE 5 HVAC INSULATION MARKET: DATA TRIANGULATION 35
FIGURE 6 DUCTS SEGMENT TO HOLD LARGER MARKET SHARE IN 2030 38
FIGURE 7 PLASTIC FOAM SEGMENT TO HOLD LARGER MARKET SHARE IN 2030 38
FIGURE 8 COMMERCIAL SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 39
FIGURE 9 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 39
FIGURE 10 RISING DEMAND FROM CONSTRUCTION INDUSTRY TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS 41
FIGURE 11 PIPES TO BE FAST-GROWING SEGMENT DURING FORECAST PERIOD 41
FIGURE 12 MINERAL WOOL TO BE FAST-GROWING SEGMENT DURING FORECAST PERIOD 42
FIGURE 13 RESIDENTIAL TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 42
FIGURE 14 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 43
FIGURE 15 HVAC INSULATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 44
FIGURE 16 GRANTED PATENTS ACCOUNTED FOR MAJOR SHARE FROM 2015 TO 2024 49
FIGURE 17 TOTAL NUMBER OF PATENTS PER YEAR, 2015–2024 49
FIGURE 18 TOP JURISDICTIONS FOR HVAC INSULATION PATENTS, 2015–2024 50
FIGURE 19 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST PERCENTAGE
OF PATENTS, 2015–2024 51
FIGURE 20 HVAC INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS 52
FIGURE 21 HVAC INSULATION ECOSYSTEM MAPPING 54
FIGURE 22 HVAC INSULATION MARKET: VALUE CHAIN ANALYSIS 56
FIGURE 23 AVERAGE SELLING PRICE TREND OF HVAC INSULATION MATERIALS,
BY REGION, 2022–2030 (USD/KG) 57
FIGURE 24 AVERAGE SELLING PRICE TREND OF HVAC INSULATION MATERIALS OFFERED
BY KEY PLAYERS, BY END-USE INDUSTRY, 2024 (USD/KG) 57
FIGURE 25 IMPORT DATA RELATED TO HS CODE 680610 -COMPLIANT PRODUCTS,
BY KEY COUNTRY, 2020–2024 (USD THOUSAND) 59
FIGURE 26 EXPORT DATA RELATED TO HS CODE 680610-COMPLIANT PRODUCTS,
BY KEY COUNTRY, 2020–2024 (USD THOUSAND) 60
FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 63
FIGURE 28 HVAC INSULATION MARKET: INVESTMENT AND FUNDING SCENARIO (USD MILLION) 65
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP
END-USE INDUSTRIES 65
FIGURE 30 SUPPLIER SELECTION CRITERIA 66
FIGURE 31 PLASTIC FOAM SEGMENT TO BE LARGER MATERIAL TYPE DURING
FORECAST PERIOD 74
FIGURE 32 PIPES SEGMENT TO REGISTER HIGHER GROWTH DURING FORECAST PERIOD 80
FIGURE 33 COMMERCIAL SEGMENT TO DOMINATE MARKET IN 2025 84
FIGURE 34 HVAC INSULATION MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 89
FIGURE 35 ASIA PACIFIC: HVAC INSULATION MARKET SNAPSHOT 91
FIGURE 36 EUROPE: HVAC INSULATION MARKET SNAPSHOT 105
FIGURE 37 HVAC INSULATION MARKET: REVENUE ANALYSIS OF KEY COMPANIES,
2022–2024 (USD BILLION) 149
FIGURE 38 HVAC INSULATION MARKET SHARE ANALYSIS, 2024 150
FIGURE 39 HVAC INSULATION MARKET: COMPANY VALUATION OF LEADING
COMPANIES, 2024 (USD BILLION) 152
FIGURE 40 HVAC INSULATION MARKET: FINANCIAL METRICS OF LEADING COMPANIES, 2024 152
FIGURE 41 HVAC INSULATION MARKET: BRAND/PRODUCT COMPARISON 153
FIGURE 42 HVAC INSULATION MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 154
FIGURE 43 HVAC INSULATION MARKET: COMPANY FOOTPRINT 155
FIGURE 44 HVAC INSULATION MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2024 161
FIGURE 45 SAINT-GOBAIN: COMPANY SNAPSHOT 173
FIGURE 46 OWENS CORNING: COMPANY SNAPSHOT 178
FIGURE 47 ROCKWOOL INTERNATIONAL: COMPANY SNAPSHOT 183
FIGURE 48 ARMACELL INTERNATIONAL SA: COMPANY SNAPSHOT 188
FIGURE 49 KINGSPAN GROUP PLC: COMPANY SNAPSHOT 194
FIGURE 1 HVAC INSULATION MARKET: SEGMENTATION AND REGIONAL SCOPE 26
FIGURE 2 HVAC INSULATION MARKET: RESEARCH DESIGN 29
FIGURE 3 TOP-DOWN APPROACH 33
FIGURE 4 BOTTOM-UP APPROACH 34
FIGURE 5 HVAC INSULATION MARKET: DATA TRIANGULATION 35
FIGURE 6 DUCTS SEGMENT TO HOLD LARGER MARKET SHARE IN 2030 38
FIGURE 7 PLASTIC FOAM SEGMENT TO HOLD LARGER MARKET SHARE IN 2030 38
FIGURE 8 COMMERCIAL SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 39
FIGURE 9 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 39
FIGURE 10 RISING DEMAND FROM CONSTRUCTION INDUSTRY TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS 41
FIGURE 11 PIPES TO BE FAST-GROWING SEGMENT DURING FORECAST PERIOD 41
FIGURE 12 MINERAL WOOL TO BE FAST-GROWING SEGMENT DURING FORECAST PERIOD 42
FIGURE 13 RESIDENTIAL TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 42
FIGURE 14 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 43
FIGURE 15 HVAC INSULATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 44
FIGURE 16 GRANTED PATENTS ACCOUNTED FOR MAJOR SHARE FROM 2015 TO 2024 49
FIGURE 17 TOTAL NUMBER OF PATENTS PER YEAR, 2015–2024 49
FIGURE 18 TOP JURISDICTIONS FOR HVAC INSULATION PATENTS, 2015–2024 50
FIGURE 19 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST PERCENTAGE
OF PATENTS, 2015–2024 51
FIGURE 20 HVAC INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS 52
FIGURE 21 HVAC INSULATION ECOSYSTEM MAPPING 54
FIGURE 22 HVAC INSULATION MARKET: VALUE CHAIN ANALYSIS 56
FIGURE 23 AVERAGE SELLING PRICE TREND OF HVAC INSULATION MATERIALS,
BY REGION, 2022–2030 (USD/KG) 57
FIGURE 24 AVERAGE SELLING PRICE TREND OF HVAC INSULATION MATERIALS OFFERED
BY KEY PLAYERS, BY END-USE INDUSTRY, 2024 (USD/KG) 57
FIGURE 25 IMPORT DATA RELATED TO HS CODE 680610 -COMPLIANT PRODUCTS,
BY KEY COUNTRY, 2020–2024 (USD THOUSAND) 59
FIGURE 26 EXPORT DATA RELATED TO HS CODE 680610-COMPLIANT PRODUCTS,
BY KEY COUNTRY, 2020–2024 (USD THOUSAND) 60
FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 63
FIGURE 28 HVAC INSULATION MARKET: INVESTMENT AND FUNDING SCENARIO (USD MILLION) 65
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP
END-USE INDUSTRIES 65
FIGURE 30 SUPPLIER SELECTION CRITERIA 66
FIGURE 31 PLASTIC FOAM SEGMENT TO BE LARGER MATERIAL TYPE DURING
FORECAST PERIOD 74
FIGURE 32 PIPES SEGMENT TO REGISTER HIGHER GROWTH DURING FORECAST PERIOD 80
FIGURE 33 COMMERCIAL SEGMENT TO DOMINATE MARKET IN 2025 84
FIGURE 34 HVAC INSULATION MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 89
FIGURE 35 ASIA PACIFIC: HVAC INSULATION MARKET SNAPSHOT 91
FIGURE 36 EUROPE: HVAC INSULATION MARKET SNAPSHOT 105
FIGURE 37 HVAC INSULATION MARKET: REVENUE ANALYSIS OF KEY COMPANIES,
2022–2024 (USD BILLION) 149
FIGURE 38 HVAC INSULATION MARKET SHARE ANALYSIS, 2024 150
FIGURE 39 HVAC INSULATION MARKET: COMPANY VALUATION OF LEADING
COMPANIES, 2024 (USD BILLION) 152
FIGURE 40 HVAC INSULATION MARKET: FINANCIAL METRICS OF LEADING COMPANIES, 2024 152
FIGURE 41 HVAC INSULATION MARKET: BRAND/PRODUCT COMPARISON 153
FIGURE 42 HVAC INSULATION MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 154
FIGURE 43 HVAC INSULATION MARKET: COMPANY FOOTPRINT 155
FIGURE 44 HVAC INSULATION MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2024 161
FIGURE 45 SAINT-GOBAIN: COMPANY SNAPSHOT 173
FIGURE 46 OWENS CORNING: COMPANY SNAPSHOT 178
FIGURE 47 ROCKWOOL INTERNATIONAL: COMPANY SNAPSHOT 183
FIGURE 48 ARMACELL INTERNATIONAL SA: COMPANY SNAPSHOT 188
FIGURE 49 KINGSPAN GROUP PLC: COMPANY SNAPSHOT 194