Fiberglass Duct Wrap Insulation Market - Demand Overview and Trends Forecast to 2024
Category: #headlines  By Rahul Varpe  Date: 2020-10-09
  • share
  • Twitter
  • Facebook
  • LinkedIn
Fiberglass Duct Wrap Insulation Market - Demand Overview and Trends Forecast to 2024

Emerging economies are also witnessing the adoption of fiberglass duct wrap insulation, with the installation the insulators in modern industrial or commercial buildings and residential homes. The fiberglass duct wrap insulation market for the Asia Pacific region can be estimated at USD 700 Million by 2024. Some of the factors influencing the industry forecast worldwide are discussed below.

A fast rising demand for industrialization, along with newer construction projects and assignments is fueling fiberglass duct wrap insulation market trends. A prominent booster for these products is the regulation of the heating and cooling systems due to the recurring changes in the climatic conditions and the rapidly changing seasons.

Request for a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1768

Fiberglass duct wrap insulating products are essentially deployed in outer surfaces of air conditioners, ventilation and other metal heating ducts to cut down on heat loss and energy. To pledge and work towards energy saving and eco-friendly directives, the governments have backed and employed initiatives to minimize the power consumption of HVAC devices. To talk of an instance, the government of U.S.A. and its Department of Energy are rooting for environment friendly and organic insulation materials in the heating, cooling and ventilation equipment to achieve low usage of power or electricity.

Minimal heat loss operating in high temperature

Fiberglass duct wrap insulation is strongly supported by various applications of HVAC systems like air conditioning, cooling, temperature humidity control, air filtration, pressure control, among a few parameters it offers. An efficient, power-saving operativity of the fiberglass duct wraps lies in the temperature range spanning from 400 F to 2500 F or 400 C to 2100 C.

Encapsulating the sealed metal ducts with fiberglass duct wrap insulation materials for controlled or no heat transfer and moisture condensation is an enhancer to the building efficiency, driving the demand for the material.

Insulation with facings to witness high demand

Fiberglass duct wrap inclusion with facings are required for fungi and fire resistance, reduction of loss of heat, eradication of moisture condensation on the cool duct surfaces. These advantages will further bolster the growth of the HVAC market.

With the addition of facings, the fiberglass duct wrap insulation market can look forward to achieving over 6% CAGR up to 2024. These materials are being installed across distinct end use industries to achieve energy efficiency.

Use in the industrial and commercial sectors

Large infrastructural construction assignments for shopping malls, cafes, super and hypermarkets, schools, colleges, warehouses, cafes, and many others have decently contributed to the demand for fiberglass insulation. A statistical study on the market suggests the fiberglass duct wrap insulation market size from commercial & industrial sectors exceeded 60% of the total share in 2017.

Request for customization @ https://www.decresearch.com/roc/1768

Commercial offices across hot and humid countries with soaring high temperatures are prime contributors to the growing demand and persistent use of HVAC systems and equipment mainly for air cooling, moisture control and thermal comforting.

Fiercely rising demands for industrialization, changing economies and expenses on commercial and industrial infrastructure has led to higher production and commercialization of HVAC components in Asian countries like Japan, China and India, boosting fiberglass duct wrap insulation manufacturing. Some of the well-known providers of the solutions globally include Manson, GAF, UP Twiga, Lamtec Corporation, among others, who also strategically collaborate to strengthen their roots in the fiberglass duct wrap insulation market.

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Building Energy Management Systems (BEMS) Market - Developments Factors and Demand Forecast to 2026
Building Energy Management Systems (BEMS) Market - Developments Factors and Demand Forecast to 2026
By Rahul Varpe

The Building Energy Management Systems (BEMS) Market report also contains information pertaining to the anticipated CAGR of the global business through the forecast period. In addition, many technological developments and innovations that may possibl...

Wood Based Panel Market Report to 2026 - Growth Trends and Emerging Opportunities Analysis
Wood Based Panel Market Report to 2026 - Growth Trends and Emerging Opportunities Analysis
By Rahul Varpe

The report overall depicts the potential opportunities for the Wood Based Panel Market till the year 2026 based on SWOT analysis, growth strategies by the major vendors prevalent in the current scenario, surveys highlighting the current as well as em...

China Air Compressor Market 2020 - Future Demand Analysis and Trends Insights to 2026
China Air Compressor Market 2020 - Future Demand Analysis and Trends Insights to 2026
By Rahul Varpe

The China Air Compressor Market report intends to enlist the various and most recent updates pertaining to the market scenario and also to note down the many growth opportunities that may arise in the years to come, aiding the industry to expand at a...