The main industry players in the global HVAC and fire protection insulation market are Saint-Gobain (France), Owens Corning (USA), Rockwell International A / S (USA), Kingspan Group (Ireland), PPG (USA) and Armacell (Germany). , Knauf Insulation (USA), L’ISOLANTE K-FLEX SpA (Italy), Fletcher Insulation (Australia), Berkshire Hathaway, Inc. (USA), BASF SE (Germany), GAF (USA), Beijing New Building Material (Group )) Co., Ltd. (China) and Broad Group (China).
Pune, March 11, 2021 (GLOBE NEWSWIRE) – Global HVAC and Fire Protection Insulation Market Overview
Heating, ventilation and air conditioning systems as well as fire protection insulation systems are a necessity with regard to occupational hazards and risks for personnel. HVAC systems can reduce noise levels and absorb vibrations generated by the system. Isolating HVAC and fire protection systems can provide an additional layer of protection against extreme temperatures. According to Market Research Future (MRFR), the global HVAC and fire protection insulation market is expected to experience a huge gust of wind during the forecast period (2020-2026).
The global market is driven by the increasing need for fire protection measures in industrial, residential and commercial buildings. The utilization of the devices is expected to increase due to the development of smart cities and green buildings. Energy-efficient systems and rapid construction activities can support the trend in the years to come. A high level of disposable income from customers and the ability to provide optimal thermal comfort in commercial and residential buildings can power the global HVAC and fire insulation market. Strict government laws to improve building performance can encourage market growth.
Rising infrastructure spending and technological advances such as energy analysis software and dual fuel heat pumps in HVAC can drive market growth in a positive direction. The market is characterized by new product launches for controlling the indoor climate in offices, apartments and industrial buildings.
The story goes on
However, fluctuations in commodity prices can hinder market growth.
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The COVID-19 pandemic has effectively halted all industry activities worldwide. The production is in a downward spiral, whereby a rationalization of the processes is not possible due to movement restrictions. However, the pandemic has proven to be a lucrative opportunity for the HVAC and fire protection insulation industry, as environments are required to deliver an extremely low temperature for the delivery of vaccines to hospitals and other vaccination centers. The integration of HEPA filters in HVAC systems to stabilize humidity in winter can ensure implementation.
Green buildings are likely to be under development due to government initiatives and programs. Consumers concerned about the environmental impact of buildings and the installation of HVAC systems are willing to pay the additional cost of fire protection and insulation for HVAC and fire retardant systems. Environmental credits for environmentally friendly buildings as well as material improvements should drive implementation in commercial and industrial buildings. Fireproof thermal insulation material and the formulation of new adhesion promoters to ensure construction designs are likely to be major trends in the years to come.
The global HVAC and fire protection insulation market has been divided into plastic foam, glass wool, rock wool and others by type. It is estimated that the glass wool segment creates a great demand in the market due to its low product cost and design implementation. It is used in acoustic and thermal products to help ensure building security. On the other hand, the plastic foam segment will experience massive growth due to the use of polymers such as phenolic foam, polyisocyanurate, polystyrene and polyurethane. It is used in rigid panels due to its low weight and high moisture resistance.
Through the application, the global HVAC and fire protection insulation market has been divided into pipe insulation, ventilation duct insulation, and others. The segment of insulation of ventilation ducts will see immense demand in the market due to the great demand for regulation of the indoor climate. Cold rooms in which vaccines must be stored must be leak-free and insulated to protect against the risk of fire.
Based on end users, the HVAC and fire insulation market has been divided into industrial, commercial and residential properties. The commercial segment is expected to dominate the market until the end of the forecast period. This is attributed to the use of large HVAC systems in offices, shopping malls, and educational centers. On the other hand, the residential segment is believed to capture a significant part of the market due to the preference for comfort and convenience in middle-class homes. The rise in FDI in construction and the easing of funding regulations can drive segment growth. Lowering greenhouse gas emissions by reducing heating or air conditioning infrastructure can be a good sign for the segment.
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The HVAC and fire protection insulation market spans regions in North America, Europe, and the Asia-Pacific region.
The Asia-Pacific market is expected to experience excellent growth over the evaluation period due to heavy construction activity in Australia, India, China and Vietnam. Improving economic growth, developing smart buildings, and networked systems plans can fuel regional demand for HVAC and fire insulation. Rising population and robust industrialization can support market growth.
Due to the environmental awareness and the strict emission standards in Germany, France, Great Britain and Italy, Europe is rated as lucrative for the world market. The safety regulations for buildings implemented in EU countries and the demand for energy-efficient insulation materials can boost regional market demand. Government actions to reduce heat consumption and thermal modernization programs to replace older HVAC systems can benefit the market.
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The HVAC and fire insulation market is experiencing various strategic implementations such as expansion, collaboration, mergers and acquisitions.
The main players in the market are Berkshire Hathaway, Inc., Kingspan Group, Rockwell International A / S, Beijing New Building Material (Group) Co., Ltd., Armacell, Knauf Insulation, Saint-Gobain, PPG, Owens Corning and Fletcher Insulation, L’ISOLANTE K-FLEX SpA, GAF, BASF SE and Broad Group.
Kingspan LLC has launched the KDuct, a pre-clad and pre-insulated piping system ideal for risers, utility rooms and other applications.
Fire hazard protection to fuel the global growth of the HVAC and fire protection insulation market
According to the latest Market Research Future (MRFR) report, the global HVAC and fire protection insulation market is expected to gain momentum in the coming years. The need for thermal insulation to save energy costs can lead to enormous demand. Compliance with the latest regulations and building codes can be a good sign for the marketplace and protect property owners from fire hazards. Energy efficiency and acoustic performance of buildings can play a crucial role in the implementation of these applications.
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