Fiberglass Duct Wrap Insulation Market Report

Market Insights

Fiberglass Duct Wrap Insulation Market is likely to witness a steady CAGR of over 3%, during the forecast period. Growing construction industry and increasing demand for energy-efficient solutions in construction applications are expected to drive the growth of the market. In addition, increasing awareness towards energy conservation, rapid industrialization, and growing adoption of HVAC system are creating a robust impact on the demand for the market.

Segments' Analysis

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Fiberglass Duct Wrap Insulation Market Share: By Product Type

Based on the product type, the market is segmented into with facings and without facings. The fiberglass duct wrap insulation with facings is expected to hold the major share of the market during the forecast period, due to durability, ease in handling, noncombustible, and enhanced moisture control properties. In addition, rising product demand for thermal control in air conditioning and air handling equipment is boosting the market growth.

Fiberglass Duct Wrap Insulation Market Share: By Application Type

Based on the application type, the market is segmented into residential and commercial & industrial. The commercial & industrial segment is expected to lead the market over the forecast period. The growth can be attributed to the rapid development in the commercial construction industry, fast urbanization, and growing demand for centralized air conditioning.

Fiberglass Duct Wrap Insulation Market Share: By Region

In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the world. Among these regions, North America is expected to be dominant throughout the forecast period. The market growth in this region is majorly attributed to increasing spending in commercial as well as residential constructions. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Market Scope & Segmentation

Fiberglass duct wrap insulation is used for external insulation on commercial and residential heating or air conditioning ducts. It provides moisture and fire resistance. Fiberglass duct wrap insulation is a cost-effective and energy-efficient insulation. It improves thermal performance and control condensation in commercial and residential HVAC systems. This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The fiberglass duct wrap insulation market is segmented into the following categories. 

Fiberglass Duct Wrap Insulation Market Size, Share, & Forecast, by Product Type:

• With Facings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) 
• Without Facings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Fiberglass Duct Wrap Insulation Market Size, Share, & Forecast, by Application Type:

• Residential
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Type Analysis: New Residential and Improvement & Repair
• Commercial & Industrial
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Type Analysis: New Commercial & Industrial and Improvement & Repair

Fiberglass Duct Wrap Insulation Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA and Canada) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the fiberglass duct wrap insulation market are-

• Arabian Fiberglass Insulation Co., Ltd. (AFICO)
• CertainTeed
• Frost King & Thermwell Products Co., Inc.
• GAF
• Johns Manville Corporation
• Kimmco Duct Insulation (KDI)
• Knauf Insulation
• Lamtec Corporation
• Mag-Isover K.K.
• Manson Insulation

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].