Fiberglass Duct Wrap Insulation Market Growth
Market Study Report adds global Fiberglass Duct Wrap Insulation market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Fiberglass duct wrap insulation market is expected to generate strong demand owing to high operating temperature range from 400 F to 2500 F i.e. 400 C to 2100 C. It is highly effective when installed over sealed sheet metal ducts prevent heat transfer along with controlling moisture condensation. Thereby, these benefiting superior material property is anticipated to propel market demand during the forecast period.
This report focuses on the top Manufacturers and players in global market are given bellow:-
Manson, Lamtec Corporation, Thermaire, GAF, Twiga, and Manson
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Fiberglass Duct Wrap Insulation Market Size, By Technology (Rotary, Reciprocating, Centrifugal)
By Lubrication (Oil Free, Oil Filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare)
Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait)
Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
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Inclination towards energy conservative initiatives by the governments to reduce the overall energy consumption by the HVAC equipment will support the industry demand. For instance, U.S. government and DoE are focusing on eco-friendly insulating materials in HVAC equipment components to prevent higher electricity usage is expected to fuel market revenue during forecast time frame.
The emerging countries are concentrating to prevent losses by the installation of insulating material in infrastructures such as residential housing, commercial building, and industrial application are propelling fiberglass duct wrap insulation market share.
Surging demand for fiberglass duct wrap insulating products owing to high heat loss reduction that saves energy bills in several industries. It is specially designed for application in exteriors of sheet metal heating, ventilation, and air conditioning ducts to facilitate building environment.
With facings fiberglass duct wrap insulation market is expected to generate over 6% CAGR up to 2024. Increasing demand for with facings type owing to fire resistance property, fungi resistance along with insulating benefits in reducing heat losses, eliminates condensation in cold duct surfaces are key factors boosting fiberglass duct wrap insulation market share.
Commercial & industrial fiberglass duct wrap insulation market contributed more than 60% industry share in 2017. Rising infrastructure development including warehouses, supermarkets & hypermarkets, schools, colleges, shopping malls, caf?, and hotels are fueling product demand during forecast time frame. Hotter climate countries and rising global temperature are among key aspects stimulating usage of HVAC systems & components for thermal comforts assertively supporting product demand.
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