Global HVAC Insulation Market – Analysis and Forecast To 2024,. Saint Gobain S.A., PPG Industries Inc

The global HVAC insulation market is driven by the increasing global warming and extensive utilization of eco-friendly systems. Furthermore, it has been observed that the industrial and commercial sectors are major driving forces compared to residential sector in HVAC insulation market. Moreover, HVAC saves the waste energy and saves heavy energy bills for its users and thus demanded drastically across the globe.

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Challenges
Improperly designed duct system, leakage ductwork, poorly sealed grills, twisted, kinked, crushed or torn air ducts, partially insulated ducts and dirty air ducts are some of the problems that are face by the consumers in the HVAC Insulation systems. Dirty duct causes infection and allergies to the consumers, improper design declines the efficiency to 75% or even less and torn air ducts causes problem in ventilation and airflow. These factors can result to major restraints in the growth of HVAC insulation market across the globe.

Geographic Overview
Geographically, HVAC insulation market in North America is the largest HVAC insulation market due to increasing policies and reforms formulated by the government such as Weatherization Assistance Program. The program aims at promoting thermal insulation in low-income households group and is one of the major factors attributed towards the growth of HVAC insulation market across the globe. 

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Competitive Insight
HVAC insulation industry players are investing in improving the quality of material and developing latest technologies that is strengthening their position in the market.  However, it has been observed that local players are depending upon new technology to develop cost efficiencies, thus increasing the rivalry in the market to some extent. The key players of the global HVAC insulation market are Xiamen Goot Advanced Material Co., Ltd., L-ISOLANTE K-FLEX S.p.A., Saint Gobain S.A., PPG Industries Inc., Owen Corning Corporation, Rockwool International A/S, Kingspan Group plc and Kuwait Insulating Material Manufacturing Co.

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