The global HVAC insulation market was analyzed by Market Research Future (MRFR) and it was projected that a decent CAGR of 7.42% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the HVAC insulation market was further stated to surpass its previous valuation of USD 4,317.7 Million in 2016 and is projected to reach USD 7,080.9 Million by 2023.
HVAC Insulation Market is likely to witness an impressive CAGR of 10.2% during the forecast period. The major factors driving the global HVAC insulation market are the burgeoning construction industry and the growing demand for HVAC systems. Adding a fresh paint, the implementation of stringent regulations and building codes for minimizing the energy consumption is further bolstering the demand for HVAC ... Read more
According to the recent study the HVAC Insulation Market is projected to reach an estimated $9.1 billion by 2030 from $6.1 billion in 2023, at a CAGR of 5.8% from 2024 to 2030. Growth in this market is primarily driven by growth in HVAC systems and stringency in government regulations to increase energy efficiency.
