North America & GCC HVAC Insulation Market Research Report - By Type (Wraps, Tapes, Fatty And Adhesives & Sealants), Application (Institutional, Hospitals, Office Buildings, Malls, Airports, Food & Beverages, Residential Buildings, General Commercial, Warehouses, And Lodging), And Countries - Forecast Till 2032

Market Overview

For maintaining the temperature inside a building, heat, ventilation, and air conditioning that is (HVAC) is the latest technology that provides thermal comfort in an organization. Ducts, sealing components, insulations, and many others are the components of the heat, ventilation n, and air conditioning (HVAC) insulation market. The most important component that is used in the HVAC insulation system is the sealing components that help in minimizing the heat losses and enhancing the heat, ventilation, and air conditioning insulation market. Further adhesives and sealants have been used in the HVAC system, along with wraps and tapes used in the HVAC insulation market. By enhancing the R-value and optimizing the energy consumption, various accessories such as duct sealants and duct liner adhesives are used.

North America and GCC HVAC insulation market is expected to grow at a high CAGR of 6.2% to reach the market value of USD 955 million during the forecasted period from 2024 to 2032.

COVID 19 Analysis

The global pandemic of COVID 19 in the global market has affected the working of normal businesses. It has not only affected the financial edge but also affected the health edge to a great extent. Not one has to go through financial crises as well. This pandemic has pushed the economies into forced recession. Owing to this global pandemic situation, many manufacturing units that develop various ducts and sealants were shut down that hoers the growth of the GCC HVAC insulation market during the global pandemic situation.

It is expected that the North America and GCC HVAC insulation market in the global market will recover at the end of the first quarter and the beginning of the second quarter of the coming year during the forecasted period.

Market Dynamics

Drivers

North America and GCC HVAC insulation markets are increasing at an alarming rate owing to increasing expenditure on infrastructure during the forecasted period. Also, the increasing use of energy-efficient drives the growth of North America and the GCC HVAC insulation market. Another factor that accelerates the development of the North America and GCC HVAC insulation market in the global market is the increasing awareness of global warming and air pollution that needs this system as it maintains good temperature according to the weather.

Opportunities

There are various opportunities in the global market for North America and GCC HVAC insulation market owing to an increase in uncertainty in weather changes which is a global problem. Also, in many economies, the government is taking various regulations for increasing the energy-efficient infrastructure in the country also provides various opportunities for the growth in the global market in the North America and GCC HVAC insulation market during the forecasted period from 2017 to 2024.

Restraints

Although the North America and GCC HVAC insulation market is growing at a high pace, there are some factors that restrain the development of the North America and GCC HVAC insulation market, like the negligence and reluctance on parts of infrastructure developed for making efficient building energy. Some other problems faced by the consumers of the HVAC insulation market are dirty air ducts, crushed or broken air ducts, leaky ducts, partially insulated duct systems, and many more acts as a restraining component in the development of the North America and GCC HVAC insulation market.

Value Chain Analysis

The North America and GCC HVAC insulation market has been expanded and spread its wings in various sectors like industrial buildings, commercial buildings, and residential buildings. North America and GCC HVAC insulation market helps in lowering the heat loss, improves comfort, andavoidsd condensation and is hence used in thermal insulation. This HVAC insulation market also helps in the prevention of noise pollution like fixing slabs, glass wool in the internal walls of the buildings.

Market Segmentation

North America and GCC HVAC Insulation market in the global market has been divided based on type and application.

Based on the Type

The North American and GCC HVAC insulation market based on type have been divided into wraps, tapes and adhesives, and sealants. They are further divided like wraps are divided into Multi-Ply membrane, an aluminum foil laminate, polyethylene duct wrap, insulation jacketing tapes. The tapes are divided into PVC tapes, reflective tapes, corrosion control tapes, aluminum insulation tape, fiberglass duct tape, metal duct tape. The adhesives and sealants are divided into water-based insulation adhesives, PVC adhesives, and polystyrene foam adhesives.

Based on the Application

The North America and GCC HVAC insulation market based on the application have been divided into lodging, warehouses, general commercial, residential buildings, food and beverages, airports, malls, office buildings, hospitals, institutions, and many others.

Regional Analysis

The North America and GCC HVAC insulation market in the global market has been divided based on region into North America region, Asia-Pacific region, Europe region, Latin America region, the Middle East and Africa region, and the rest of the world. The largest share is held by the North American region, and hence it dominates in the global market owing to an increase in the demand for energy-efficient infrastructure in the buildings, especially in nation-states like the U.S. and Canada. It has various growth opportunities during the forecasted period.

Asia-Pacific zone is the fastest-growing zone in the international market and hence shows a positive impact and positive growth for North America and GCC HVAC insulation market during the forecasted period.

Competitive Landscape

The most prominent market players in North America and GCC HVAC Insulation market in the global market are as follow:

• Design Polymerics






• Duro Dyne






• Elgen Manufacturing






• CL Ward and Family






• Ductmate






• Hardcadt (Carlisle)






• Polymer Adhesives






• RCD Corporation






• ITW Polymers Sealants North America






• Henkel Corporation






• Pidilite Industries Ltd.






• Bostik (ARKEMA GROUP)






• XCHEM international L.L.C.






• Delmon

These prominent market players use various innovative technologies and strategies to sustain their position in the global market and to attract more potential customers to expand their customer base in the global market in North America and GCC HVAC Insulation market during the forecasted period from 2017 to 2023.

Recent Developments

• In 2014, a new plant with an annual production capacity of 45 kilotons had been set up in Turkey by Knauf Insulation for providing various expansion opportunities for companies in Turkey as well as in its neighboring countries.






• In 2016, for increasing the production capacity up to 100 kilotons per year, Saint-Gobain had increased its share in the ISOROC subsidiary that is used to increase to increasing acoustic insulation revenue along with its thermal insulation revenue from Eastern and Central European regions.






• In 2027, a new facility has been set up in Mississippi (North America) that has been started by Rockwool International for producing new stone wool acoustic ceiling products. Owing to cater to the increasing need demand for acoustic insulation in the North America region company has invested about 40 million for 130,000 square foot construction sites.






• A non-combustible thermal insulation solution for square and rectangle exterior ducts, namely product, has been introduced by Stone wool insulation specialist ROCKWOOL Ltd. for minimizing the risk of fire in the buildings.






• It has been observed that the HVAC insulation market helps in lowering the global problem of air pollution and warming, which provides various opportunities for its growth during the forecasted period.

Report Overview

North America and GCC HVAC insulation market research report consist of the following aspects:

• Market Overview






• COVID 19 Analysis






• Market Dynamics






• Value Chain Analysis






• Market Segmentation






• Regional Analysis






• Competitive Landscape 






• Recent Developments

This research report contains various factors that drive the North American and GCC HVAC insulation market along with the factors that restrain the growth of North America and Gthe CC HVAC insulation market. The impact of COVID 19 is also mentioned. The future estimation of the North America and GCC HVAC insulation market is also mentioned.UsersHeat, ventilation, and air conditioning (HVAC) insulation suppliers, potential investors, organic chemical manufacturers, heat, ventilation, and air conditioning (HVAC) insulation manufacturers, and others

Report Attribute/Metric	Details
Market Size	2032 : USD 955 million
CAGR	6.2%(2024–2032)
Base Year	2023
Forecast Period	2024 to 2032
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Type, Application and Countries
Geographies Covered	North America region, Asia-Pacific region, Europe region, Latin America region
Key Vendors	Design Polymerics, Duro Dyne, Elgen Manufacturing, CL Ward and Family, Ductmate, Hardcadt (Carlisle),Polymer Adhesives, RCD Corporation, ITW Polymers Sealants North America, Henkel Corporation, Pidilite Industries Ltd., Bostik (ARKEMA GROUP), XCHEM international L.L.C., Delmon
Key Market Opportunities	Owing to an increase in uncertainty in weather changes which is a global problem.
Key Market Drivers	Increasing at an alarming rate owing to increasing expenditure on infrastructure during the forecast period.