The major drivers of growth are growth in HVAC systems and government regulations designed to increase energy efficiency
DUBLIN — The global HVAC insulation market is forecast to reach an estimated $5.2 billion by 2021 and is projected to grow at a compound annual growth rate (CAGR) of 5.2 percent from 2016 to 2021, according to a report from Research and Markets. The major drivers of growth for this market are the growth in HVAC systems and government regulations designed to increase energy efficiency.
The emerging trends impacting the industry include increasing demand for high-temperature insulation and the growing use of eco-friendly materials.