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Outlook of Fiberglass Duct Wrap Insulation
Market: Global Market Insights Inc.
Fiberglass Duct Wrap Insulation Market size will depict a positive outlook in near future. The
product is a blanket of glass fiber that is laminated to a vapor retarder facing. It is widely used
as an external insulator of commercial and residential heating, air conditioners and dual
temperature ducts operating above 40-degree temperature. The insulation assures thermal
performance, enhances comfort control, meets modal energy and mechanical codes and is
easy to install.
Global construction industry is witnessing a growth over 3% annually. The product is deployed
in the buildings to control heating caused by air conditioners and manufacturing activities. It
gives moisture management and thermal comfort in domestic and commercial buildings.
Upsurge in population has increased the construction of residential buildings, that is driving
the fiberglass duct wrap insulation market.
Global warming is further contributing in fiberglass duct wrap insulation market. Rising
temperature has increased the usage of chimney and air conditioners. 2016 registered highest
temperature record globally. Air conditioners sale is anticipated to depict above 5% CAGR in
the forecast period, this will escalate the fiberglass duct wrap insulation market.
Supply chain of the fiberglass duct wrap insulation market instigates from raw material
procurement. Its manufacturing process includes melting, fiber forming, curing, cooling and
trimming. It is packed and transported to various distributors in different locations. It is installed
in various building for commercial and domestic use. The product can be recycled or reused.
Restrains of fiberglass duct wrap insulation market are its operational snags such as it does
not bridge the gap over ¼ inch. These gaps must be first bridged with good quality approved
tape, that incurs additional cost and time in installation. If the ducts are not properly placed it
can freeze or burst the material in which it is placed. Installation of the product should take
place under a professional expert or else it can elevate carbon monoxide level in the
Fiberglass duct wrap insulation market is segmented on the basis of type such as with and
without facing. End user of the insulation is residential that include residential and commercial
building such as cafés, hotels, super malls, warehouses. Various application are air
conditioners, chimney, refrigerator, heaters, commercial and passenger vehicles.
Asia Pacific, led by China and India with register a significant growth in the fiberglass duct
wrap insulation market. Being the most populated countries globally, the need for residential
buildings are surging, ultimately is rising the product demand. Pakistan is the fastest growing
country in terms of population. Europe, especially London is amongst the places with largest
number of office building. Growing number of commercial building in the country such as
hotels, restaurants, shopping malls, retail outlets, and warehouses is boosting fiberglass duct
wrap insulation market. Death Valley in North America is the hottest place in the world. Highest
temperature in the field was recorded as 56.7 degree that instigate demand for air conditioner
and chimney in the region. The region will witness decent growth in the forecast period and
will drive the fiberglass duct wrap insulation market.
Significant producers in the fiberglass duct wrap insulation market are Owens Corning, Johns
Manville, Monson, Knauf, Unifrax, IIG, Roxul, Techlite, Nomaco and Foster. The companies
are investing highly in research and development for broader prospect and consistency.
Owens Corning acquired Thermafiber, the acquisition provides the company with a broad
portfolio encompassing fiber glasses and mineral wool products. Knauf acquired Guardian, a
leading supplier of the product in the construction sector. The acquisition aims an important
step to become global leader in energy efficiency. Johns Manville acquired IIG, the purpose
of the acquisition was to expand the business and explore opportunities in the market to build
strong brand position and expand product variety.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research
and consulting service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research reports offer
clients with penetrative insights and actionable market data specially designed and presented
to aid strategic decision making. These exhaustive reports are designed via a proprietary
research methodology and are available for key industries such as chemicals, advanced
materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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