HVAC用断熱材市場 – 2030年までの世界予測

HVAC Insulation Market - Global Forecast To 2030

HVAC用断熱材市場 - 製品タイプ(パイプ、ダクト)、材質タイプ [ミネラルウール(グラスウール、ストーンウール)]、プラスチックフォーム(フェノール樹脂、エラストマーフォーム)、最終用途産業(商業、住宅、工業)、および地域別 - 2030年までの世界予測
HVAC Insulation Market by Product Type (Pipes, Ducts), Material Type (Mineral Wool (Glass Wool, Stone Wool)), Plastic Foam (Phenolic, Elastomeric Foam), End-use Industry (Commercial, Residential, Industrial), and Region - Global Forecast to 2030

商品番号 : SMB-24973

出版社MarketsandMarkets
出版年月2025年7月
ページ数220
図表数295
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本市場調査は、HVAC用断熱材市場を様々なセグメントにわたって調査対象としています。材料の種類、製品の種類、最終用途産業、地域に基づき、様々なセグメントにおける市場規模と成長の可能性を推定することを目的としています。また、本調査には、市場の主要プレーヤーの詳細な競合分析、企業概要、製品および事業内容に関する主要な考察、最近の開発状況、HVAC用断熱材市場における地位向上のために採用された主要な成長戦略も含まれています。

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断熱材市場は、2025年の70億6,000万米ドルから2030年には91億米ドルに達し、予測期間中は年平均成長率(CAGR)5.2%で成長すると予測されています。HVAC断熱材市場は、インフラ整備、産業拡大、新興国の台頭に支えられ、世界的に力強い成長を遂げています。各国が住宅、商業施設、公共施設など、インフラの近代化に多額の投資を行う中、効率的な暖房、換気、空調(HVAC)システムに対する需要は高まり続けています。

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.

HVAC断熱材は、熱損失や熱取得を最小限に抑え、熱性能を向上させ、運用コストを削減することで、これらのシステムのエネルギー効率を高める上で重要な役割を果たします。そのため、断熱材は持続可能な建築手法の不可欠な要素であり、現在、様々な地域で広く採用されています。産業の拡大もこの成長にさらに貢献しており、特に製造業、製薬、食品加工、冷蔵倉庫など、温度調節が不可欠な分野で顕著です。これらの産業では、信頼性と効率性を備えた大規模なHVACシステムが必要とされており、これは適切な断熱材によってのみ実現可能です。産業界は厳しいエネルギー規制への適合と環境への影響の低減を目指しており、高度な断熱材の採用が広がっています。アジア太平洋、ラテンアメリカ、中東の新興経済国では、都市化、所得の向上、人口増加を背景に建設ブームが起こっています。これらの地域ではインフラの急速なアップグレードが進められており、省エネとグリーンビルディングへの関心が高まる中で、HVAC断熱材の需要が急増しています。これらの要因が相まって、世界のHVAC断熱材市場の持続的な成長を牽引しています。

HVAC用断熱材市場 - 2030年までの世界予測
hvac-insulation-market-Overview

“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.

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.

HVAC用断熱材市場 - 2030年までの世界予測 ecosystem
hvac-insulation-market-Ecosystem

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.

Table of Contents

1               INTRODUCTION              25

1.1           STUDY OBJECTIVES       25

1.2           MARKET DEFINITION   25

1.3           STUDY SCOPE   26

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      26

1.3.2        INCLUSIONS AND EXCLUSIONS 27

1.3.3        YEARS CONSIDERED      27

1.3.4        CURRENCY CONSIDERED            27

1.3.5        UNITS CONSIDERED      27

1.4           STAKEHOLDERS               28

1.5           SUMMARY OF CHANGES               28

2               RESEARCH METHODOLOGY       29

2.1           RESEARCH DATA              29

2.1.1        SECONDARY DATA          30

2.1.1.1    Key data from secondary sources       30

2.1.2        PRIMARY DATA 31

2.1.2.1    Key data from primary sources           31

2.1.2.2    Primary interviews – demand and supply sides                31

2.1.2.3    Key industry insights           32

2.1.2.4    Breakdown of primary interviews      32

2.2           MARKET SIZE ESTIMATION         33

2.2.1        TOP-DOWN APPROACH                33

2.2.2        BOTTOM-UP APPROACH              34

2.3           DATA TRIANGULATION                34

2.4           RESEARCH ASSUMPTIONS           36

2.5           RESEARCH LIMITATIONS AND RISK ASSESSMENT                 36

3               EXECUTIVE SUMMARY  37

4               PREMIUM INSIGHTS       41

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HVAC INSULATION MARKET   41

4.2           HVAC INSULATION MARKET, BY PRODUCT TYPE                 41

4.3           HVAC INSULATION MARKET, BY MATERIAL TYPE                 42

4.4           HVAC INSULATION MARKET, BY END-USE INDUSTRY                 42

4.5           HVAC INSULATION MARKET, BY COUNTRY         43

5               MARKET OVERVIEW       44

5.1           INTRODUCTION              44

5.2           MARKET DYNAMICS       44

5.2.1        DRIVERS               45

5.2.1.1    Expanding construction industry       45

5.2.1.2    Stringent energy efficiency regulations and government support                 45

5.2.1.3    Rising demand for cooling and heating systems              46

5.2.2        RESTRAINTS      46

5.2.2.1    Lack of awareness regarding energy savings and cost benefits associated with HVAC insulation      46

5.2.3        OPPORTUNITIES              47

5.2.3.1    Innovations in eco-friendly insulation materials              47

5.2.3.2    Technological advancements in HVAC systems              47

5.2.4        CHALLENGES    48

5.2.4.1    Fire safety and toxicity concerns        48

5.2.4.2    Requirement for skilled workforce     48

5.3           PATENT ANALYSIS          48

5.3.1        METHODOLOGY              48

5.3.2        DOCUMENT TYPE           49

5.3.3        PUBLICATION TRENDS 49

5.3.4        INSIGHTS            50

5.3.5        JURISDICTION ANALYSIS              50

5.3.6        TOP 10 COMPANIES/APPLICANTS            50

5.4           PORTER’S FIVE FORCES ANALYSIS           52

5.4.1        THREAT OF SUBSTITUTES          53

5.4.2        BARGAINING POWER OF SUPPLIERS       53

5.4.3        THREAT OF NEW ENTRANTS      53

5.4.4        BARGAINING POWER OF BUYERS             53

5.4.5        INTENSITY OF COMPETITIVE RIVALRY 54

5.5           ECOSYSTEM MAPPING  54

5.6           VALUE CHAIN ANALYSIS               55

5.7           PRICING ANALYSIS          57

5.7.1        AVERAGE SELLING PRICE TREND, BY REGION, 2022–2030                 57

5.7.2        AVERAGE SELLING PRICE TREND OF KEY PLAYERS,

BY END-USE INDUSTRY, 2024      57

5.8           TRADE ANALYSIS             58

5.8.1        IMPORT SCENARIO (HS CODE 680610)    58

5.8.2        EXPORT SCENARIO (HS CODE 680610)    59

5.9           MACROECONOMIC INDICATORS              61

5.9.1        GDP TRENDS AND FORECASTS 61

5.10         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            63

5.11         KEY CONFERENCES AND EVENTS, 2025–2026        63

5.12         INVESTMENT AND FUNDING SCENARIO               64

5.13         KEY STAKEHOLDERS AND BUYING CRITERIA     65

5.13.1      KEY STAKEHOLDERS IN BUYING PROCESS           65

5.14         KEY FACTORS IMPACTING BUYING DECISIONS 66

5.14.1      QUALITY              66

5.14.2      SERVICE               66

5.15         TECHNOLOGY ANALYSIS             67

5.15.1      KEY TECHNOLOGIES     67

5.15.1.1  ECOSE technology               67

5.15.2      COMPLEMENTARY TECHNOLOGIES       67

5.15.2.1  Smart thermostats and temperature control    67

5.15.2.2  Internet of Things (IoT) integration 67

5.16         REGULATORY LANDSCAPE         68

5.16.1      ASTM C1696-20  68

5.16.2      ASTM C547           68

5.16.3      ISO 13787:2003(E)               68

5.16.4      US           68

5.16.5      EUROPE               68

5.16.6      OTHERS                69

5.16.7      REGULATORY BODIES, GOVERNMENT AGENCIES, AND

OTHER ORGANIZATIONS             69

5.17         IMPACT OF AI/GEN AI ON HVAC INSULATION MARKET                 70

5.18         CASE STUDY ANALYSIS 71

5.18.1      FLETCHER INSULATION               71

5.18.2      H.D. GAJRA BROS.            71

5.18.3      ROCKWOOL       72

6               HVAC INSULATION MARKET, BY MATERIAL TYPE                 73

6.1           INTRODUCTION              74

6.2           MINERAL WOOL               76

6.2.1        GLASS WOOL     76

6.2.1.1    Superior thermal and acoustic insulation properties to drive demand  76

6.2.2        STONE WOOL   76

6.2.2.1    Abundant and easy availability of raw materials to drive market                 76

6.3           PLASTIC FOAM 77

6.3.1        PHENOLIC FOAM, PIR, & PUR     77

6.3.1.1    Excellent thermal properties, lightweight structure, and adaptability to drive market                77

6.3.2        ELASTOMERIC FOAM     77

6.3.2.1    Excellent fire-resistance properties to propel market     77

6.3.3        POLYETHYLENE               78

6.3.3.1    Lightweight and cost-effectiveness to increase adoption                 78

6.3.3.2    XLPE (Cross-linked PE)     78

7               HVAC INSULATION MARKET, BY PRODUCT TYPE                 79

7.1           INTRODUCTION              80

7.2           PIPES    81

7.2.1        GROWING EMPHASIS ON ENERGY EFFICIENCY TO DRIVE MARKET 81

7.3           DUCTS 82

7.3.1        STRINGENT REGULATORY COMPLIANCE TO DRIVE MARKET               82

8               HVAC INSULATION MARKET, BY END-USE INDUSTRY                 83

8.1           INTRODUCTION              84

8.2           RESIDENTIAL    85

8.2.1        STRONG GROWTH IN RESIDENTIAL SEGMENT TO DRIVE MARKET 85

8.3           COMMERCIAL   86

8.3.1        RAPID URBANIZATION TO DRIVE MARKET GROWTH                 86

8.4           INDUSTRIAL      87

8.4.1        HIGH ENERGY EFFICIENCY OFFERED BY HVAC INSULATION TO DRIVE MARKET              87

9               HVAC INSULATION MARKET, BY REGION             88

9.1           INTRODUCTION              89

9.2           ASIA PACIFIC     91

9.2.1        CHINA  96

9.2.1.1    Growth of construction industry to drive market            96

9.2.2        INDIA    98

9.2.2.1    Government-led initiatives aimed at developing infrastructure

to drive demand    98

9.2.3        JAPAN   100

9.2.3.1    Strong focus on energy efficiency and energy conservation

to drive market      100

9.2.4        SOUTH KOREA  101

9.2.4.1    Favorable business environment and government policies

to drive market      101

9.2.5        REST OF ASIA PACIFIC   103

9.3           EUROPE               104

9.3.1        GERMANY           110

9.3.1.1    Favorable business environments and industrial growth

to drive market      110

9.3.2        FRANCE                111

9.3.2.1    Stringent regulations to drive market                111

9.3.3        UK          113

9.3.3.1    Continuous innovations and technological advancements

to support market growth    113

9.3.4        ITALY    114

9.3.4.1    Increasing number of infrastructure projects to propel market                 114

9.3.5        REST OF EUROPE             115

9.4           NORTH AMERICA             117

9.4.1        US           122

9.4.1.1    Stringent government regulations and rising consumer awareness

for energy efficiency to propel market               122

9.4.2        CANADA               123

9.4.2.1    Booming construction industry to support market growth                 123

9.4.3        MEXICO                124

9.4.3.1    High investments in construction industry to boost demand                 124

9.5           SOUTH AMERICA             126

9.5.1        BRAZIL 130

9.5.1.1    Rising commercial construction activities to fuel demand                 130

9.5.2        ARGENTINA       132

9.5.2.1    Government and private sector investments in construction

industry to boost demand   132

9.5.3        REST OF SOUTH AMERICA           134

9.6           MIDDLE EAST & AFRICA                135

9.6.1        GCC COUNTRIES              140

9.6.1.1    Saudi Arabia          140

9.6.1.1.1 Government-led projects related to construction industry

to drive market      140

9.6.1.2    UAE        141

9.6.1.2.1 Robust growth of construction sector with government-led investments to boost demand             141

9.6.1.3    Rest of GCC countries         143

9.6.2        SOUTH AFRICA 144

9.6.2.1    Stringent regulations for building insulation to propel market growth    144

9.6.3        REST OF MIDDLE EAST & AFRICA             145

10            COMPETITIVE LANDSCAPE         147

10.1         INTRODUCTION              147

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            147

10.3         REVENUE ANALYSIS       149

10.4         MARKET SHARE ANALYSIS           150

10.5         COMPANY VALUATION AND FINANCIAL METRICS                 152

10.6         BRAND/PRODUCT COMPARISON ANALYSIS        153

10.7         COMPETITIVE EVALUATION MATRIX: KEY PLAYERS, 2024        153

10.7.1      STARS   153

10.7.2      EMERGING LEADERS     153

10.7.3      PERVASIVE PLAYERS      154

10.7.4      PARTICIPANTS 154

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         155

10.7.5.1  Company footprint               155

10.7.5.2  Product type footprint         156

10.7.5.3  End-use industry footprint 157

10.7.5.4  Material type footprint         158

10.7.5.5  Region footprint   159

10.8         COMPETITIVE EVALUATION MATRIX: STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2024        160

10.8.1      RESPONSIVE COMPANIES            160

10.8.2      PROGRESSIVE COMPANIES         160

10.8.3      DYNAMIC COMPANIES  160

10.8.4      STARTING BLOCKS         160

10.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 162

10.8.5.1  Detailed list of key startups/SMEs    162

10.8.5.2  Competitive benchmarking of key startups/SMEs          163

10.9         COMPETITIVE SCENARIO             164

10.9.1      PRODUCT LAUNCHES   164

10.9.2      DEALS  166

10.9.3      EXPANSIONS     168

11            COMPANY PROFILES      172

11.1         KEY PLAYERS     172

11.1.1      SAINT-GOBAIN 172

11.1.1.1  Business overview 172

11.1.1.2  Products offered   173

11.1.1.3  Recent developments           174

11.1.1.3.1                Product launches  174

11.1.1.3.2                Deals      175

11.1.1.3.3                Expansions             175

11.1.1.4  MnM view              176

11.1.1.4.1                Key strengths/Right to win 176

11.1.1.4.2                Strategic choices   176

11.1.1.4.3                Weaknesses/Competitive threats       176

11.1.2      OWENS CORNING            177

11.1.2.1  Business overview 177

11.1.2.2  Products offered   178

11.1.2.3  Recent developments           179

11.1.2.3.1                Product launches  179

11.1.2.3.2                Deals      179

11.1.2.3.3                Expansions             180

11.1.2.4  MnM view              180

11.1.2.4.1                Key strengths/Right to win 180

11.1.2.4.2                Strategic choices   180

11.1.2.4.3                Weaknesses/Competitive threats       181

11.1.3      ROCKWOOL INTERNATIONAL  182

11.1.3.1  Business overview 182

11.1.3.2  Products offered   183

11.1.3.3  Recent developments           184

11.1.3.3.1                Product launches  184

11.1.3.3.2                Deals      185

11.1.3.3.3                Expansions             185

11.1.3.4  MnM view              186

11.1.3.4.1                Key strengths/Right to win 186

11.1.3.4.2                Strategic choices   186

11.1.3.4.3                Weaknesses/Competitive threats       186

11.1.4      ARMACELL INTERNATIONAL SA               187

11.1.4.1  Business overview 187

11.1.4.2  Products offered   188

11.1.4.3  Recent developments           189

11.1.4.3.1                Product launches  189

11.1.4.3.2                Deals      189

11.1.4.3.3                Expansions             190

11.1.4.4  MnM view              190

11.1.4.4.1                Key strengths/Right to win 190

11.1.4.4.2                Strategic choices   190

11.1.4.4.3                Weaknesses/Competitive threats       190

11.1.5      KNAUF GROUP 191

11.1.5.1  Business overview 191

11.1.5.2  Products offered   191

11.1.5.3  Recent developments           192

11.1.5.3.1                Product launches  192

11.1.5.3.2                Deals      192

11.1.5.3.3                Expansions             192

11.1.5.4  MnM view              193

11.1.5.4.1                Key strengths/Right to win 193

11.1.5.4.2                Strategic choices   193

11.1.5.4.3                Weaknesses/Competitive threats       193

11.1.6      KINGSPAN GROUP PLC 194

11.1.6.1  Business overview 194

11.1.6.2  Products offered   195

11.1.6.3  Recent developments           195

11.1.6.3.1                Product launches  195

11.1.6.3.2                Deals      196

11.1.6.4  MnM view              196

11.1.7      JOHNS MANVILLE CORPORATION           197

11.1.7.1  Business overview 197

11.1.7.2  Products offered   197

11.1.7.3  Recent developments           198

11.1.7.3.1                Product launches  198

11.1.7.3.2                Deals      198

11.1.7.3.3                Expansions             199

11.1.7.4  MnM view              199

11.1.8      GLASSROCK INSULATION CO S.A.E.        200

11.1.8.1  Business overview 200

11.1.8.2  Products offered   200

11.1.8.3  MnM view              201

11.1.9      L’ISOLANTE K-FLEX S.P.A.            202

11.1.9.1  Business overview 202

11.1.9.2  Products offered   202

11.1.9.3  Recent developments           203

11.1.9.3.1                Expansions             203

11.1.9.4  MnM view              204

11.1.10   URSA INSULATION S.A. 205

11.1.10.1                 Business overview 205

11.1.10.2                 Products offered   205

11.1.10.3                 MnM view              205

11.2         OTHER PLAYERS              206

11.2.1      ARABIAN FIBREGLASS INSULATION CO. LTD. (AFICO)                 206

11.2.2      FLETCHER INSULATION               207

11.2.3      COVESTRO AG  207

11.2.4      PPG        208

11.2.5      HUNTSMAN INTERNATIONAL LLC           208

11.2.6      TROCELLEN       209

11.2.7      LINDNER SE       209

11.2.8      BRADFORD INSULATION PTY LIMITED 210

11.2.9      SAGER AG            210

11.2.10   UNION FOAM S.P.A.        211

11.2.11   SEKISUI FOAM AUSTRALIA          211

11.2.12   GILSULATE INTERNATIONAL, INC.          212

11.2.13   PROMAT INTERNATIONAL          212

11.2.14   WINCELL INSULATION CO. LTD.               213

11.2.15   VISIONARY INDUSTRIAL INSULATION   213

12            APPENDIX           214

12.1         DISCUSSION GUIDE        214

12.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                216

12.3         CUSTOMIZATION OPTIONS        218

12.4         RELATED REPORTS         218

12.5         AUTHOR DETAILS           219

LIST OF TABLES

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

LIST OF FIGURES

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