Fiberglass Duct Wrap Insulation Market 2024: Growth Strategies, Opportunity, Rising Trends & Revenue Analysis

The fiberglass duct wrap insulation market is set to observe growth rate of over 6.5% till 2024. Tighter building codes are now being put into place to minimize energy being lost from buildings, leading to energy wastage and further burden of greenhouse gases emissions on the planet. The application of such codes are driving innovation in the HVAC ductwork market, quite overtly fueling fiberglass duct wrap insulation industry trends. Air ducts, which are essentially present on almost all buildings for ventilation are crucial areas which can often be overlooked and take a heavy toll when it comes to energy costs.

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The increasing awareness among the masses regarding energy conservation is one of the most essential drivers of fiberglass duct wrap insulation market. Considering the seriousness of the energy consumption scenario, HVAC system manufacturers have of late, begun to provide acoustic and thermal insulation with duct wrap. Though the initial cost of these duct insulators is a tad bit high, they are still deployed extensively, on account of their outstanding insulating capability and the ability to reduce unwanted heat loss from air conditioning and ventilating systems.

Many players in fiberglass duct wrap insulation market are continuously striving to deliver innovative products for enhancing the experience of customers. A few days before, one of the leading producers of filament fiberglass, Johns Manville made it to the headlines for planning to launch a novel product portfolio at the NPE2018. With a widespread application base spanning thermal, waterproofing, acoustic insulation, and glass fiber composites, Johns Manville has already been holding a competitive position in fiberglass duct wrap insulation industry. Following its example, most of the companies are striving to consolidate their position in this vertical with investments in product enhancement.

While speaking about the regional trends in fiberglass duct wrap insulation market, the United States deserves a special mention. In the U.S., many well-known hospitals and healthcare centers are increasingly implementing sustainable design goals to facilitate a quality environment for the patients. In fact, some of the hospitals have received awards due to the deployment of green design solutions. The U.S. government has also set ASHRAE (American Society of Heating, Refrigeration, and Air-conditioning Engineers) mandate to maintain excellent indoor environmental quality in healthcare facility centers and hospitals.

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Some Point from Table of Contents:

 Chapter 4. Fiberglass Duct Wrap Insulation Market, By Type

4.1. Global fiberglass duct wrap insulation industry share by type, 2017 & 2024

4.2. With facings

4.2.1.  Market estimates and forecast, 2013 - 2024

4.2.2.  Market estimates and forecast, by region, 2013–2024

4.3. Without facings

4.3.1.  Market estimates and forecast, 2013 - 2024

4.3.2.  Market estimates and forecast, by region, 2013–2024

Chapter 5. Fiberglass Duct Wrap Insulation Market, By Application

5.1. Global fiberglass duct wrap insulation industry share by application, 2017 & 2024

5.2. Residential

5.2.1.  Market estimates and forecast, 2013 - 2024

5.2.2.  Market estimates and forecast, by region, 2013–2024

5.2.3.   New residential

5.2.3.1.  Market estimates and forecast, 2013 - 2024

5.2.3.2.  Market estimates and forecast, by region, 2013–2024

5.2.4.   Improvement & repair

5.2.4.1.  Market estimates and forecast, 2013 - 2024

5.2.4.2.  Market estimates and forecast, by region, 2013–2024

5.3. Commercial & industrial

5.3.1.  Market estimates and forecast, 2013 - 2024

5.3.2.  Market estimates and forecast, by region, 2013–2024

5.3.3.   New commercial & industrial

5.3.3.1.  Market estimates and forecast, 2013 - 2024

5.3.3.2.  Market estimates and forecast, by region, 2013–2024

5.3.4.   Improvement & repair

5.3.4.1.  Market estimates and forecast, 2013 - 2024

5.3.4.2.  Market estimates and forecast, by region, 2013–2024

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