Global Fiberglass Duct Wrap Insulation
Market Report
2024
Fiberglass Duct Wrap Insulation Market size will be USD 1812.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Fiberglas Duct Wrap Insulation market size is USD 1812.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Fiberglass Duct Wrap Insulation Market Sales Revenue 2024 | $ 1812.2 Million |
Global Fiberglass Duct Wrap Insulation Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
North America Fiberglass Duct Wrap Insulation Market Sales Revenue 2024 | $ 724.88 Million |
North America Fiberglass Duct Wrap Insulation Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
Europe Fiberglass Duct Wrap Insulation Market Sales Revenue 2024 | $ 543.66 Million |
Europe Fiberglass Duct Wrap Insulation Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
Asia Pacific Fiberglass Duct Wrap Insulation Market Sales Revenue 2024 | $ 416.81 Million |
Asia Pacific Fiberglass Duct Wrap Insulation Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
South America Fiberglass Duct Wrap Insulation Market Sales Revenue 2024 | $ 90.61 Million |
South America Fiberglass Duct Wrap Insulation Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Middle East and Africa Fiberglass Duct Wrap Insulation Market Sales Revenue 2024 | $ 36.24 Million |
Middle East and Africa Fiberglass Duct Wrap Insulation Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Fiberglass Duct Wrap Insulation Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Fiberglas duct wrap insulation market is a segment of the broader insulation industry focused on providing thermal insulation for HVAC duct systems in residential, commercial, and industrial buildings. Fiberglas duct wrap insulation consists of glass fibers bonded together to form a flexible and lightweight material that is wrapped around ductwork to reduce heat loss or gain and improve energy efficiency. Two key drivers fuelling the growth of the Fiberglas duct wrap insulation market include increasing awareness and implementation of energy-efficient building codes and regulations. Governments worldwide are introducing stringent energy efficiency standards for buildings to reduce greenhouse gas emissions and combat climate change. These regulations mandate the use of insulation materials in HVAC systems to minimize energy loss, driving the demand for Fiberglass duct wrap insulation.
Another significant driver is the growing construction industry, particularly in developing economies experiencing rapid urbanization and infrastructure development. The construction of new residential, commercial, and industrial buildings necessitates the installation of HVAC systems, creating a demand for insulation materials like Fiberglass duct wrap.
In November 2018,Johns Manville released the first R-12 Fiberglas duct wrap. The newly launched product is designed specifically to meet new code requirements set forth by the IECC in 2015 that mandate the use of R-12 insulation on ducts in unconditioned spaces in climate zones 5-8.
(Source:https://www.jm.com/en/blog/2018/november/johns-manville-releases-the-first-r-12-Fiberglas-duct-wrap/)
Energy efficiency regulations and standards play a crucial role in driving the demand for Fiberglass duct wrap insulation in the market. Governments and regulatory bodies worldwide are increasingly implementing stringent energy efficiency codes and standards to reduce energy consumption and greenhouse gas emissions in buildings. Fiberglas duct wrap insulation helps buildings comply with these regulations by providing effective thermal insulation for HVAC ducts, minimizing heat loss or gain during air distribution. As a result, building owners and operators are incentivized to invest in high-quality insulation solutions like Fiberglas duct wrap to achieve energy savings and meet regulatory requirements, thereby driving the demand for these products in the market.
Another key driver for the Fiberglas duct wrap insulation market is the growing focus on indoor air quality (IAQ) in commercial and residential buildings. Poor IAQ can lead to various health issues and discomfort among building occupants, including allergies, respiratory problems, and fatigue. Fiberglas duct wrap insulation helps maintain optimal IAQ by preventing the infiltration of outdoor pollutants, such as dust, allergens, and contaminants, into the HVAC system. Additionally, it helps control condensation and moisture build up within ductwork, reducing the risk of mold growth and microbial contamination. With increasing awareness about the importance of IAQ, building owners and operators are investing in insulation solutions like Fiberglas duct wrap to enhance occupant comfort and health, driving market growth.
One of the key restraints in the Fiberglas duct wrap insulation market is the potential health and safety concerns associated with Fiberglas fibres. During installation, maintenance, or renovation activities, workers may be exposed to airborne fiberglass particles, which can irritate the skin, eyes, and respiratory system. Prolonged exposure to fiberglass dust may also lead to more serious health issues such as respiratory diseases and skin irritation. As a result, there is growing awareness and concern among building owners, contractors, and regulatory agencies regarding the health risks associated with fiberglass insulation materials. This heightened awareness may lead to reluctance or caution in the adoption of Fiberglass duct wrap insulation, particularly in sensitive environments such as healthcare facilities and schools.
The Covid-19 pandemic has had a significant impact on the Fiberglas duct wrap insulation market, causing disruptions in production, supply chains, and demand. During the initial phases of the pandemic, lockdown measures and restrictions on construction activities led to a slowdown in new installations and renovations, affecting the demand for insulation products. Additionally, disruptions in global supply chains, including shortages of raw materials and transportation delays, further hindered production and distribution of Fiberglas duct wrap insulation. Moreover, uncertainty surrounding the economic outlook and financial constraints among consumers and businesses resulted in deferred construction projects and reduced spending on building upgrades, impacting the market's growth. However, as economies gradually reopen and construction activities resume, there is a growing emphasis on improving indoor air quality and energy efficiency, driving the demand for insulation materials like Fiberglass duct wrap.
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The competitive landscape of the Fiberglas duct wrap insulation market is characterized by the presence of several key players competing for market share and striving to differentiate themselves through product innovation, quality, and service offerings. Major companies in this market segment include Owens Corning, Johns Manville, Knauf Insulation, CertainTeed Corporation, Armacell International S.A., and Rockwool International A/S, among others.
In January 2020,Owens Corning launched a next-gen Fiberglass insulation product made by PureFiber Technology. The product is non-combustible as per BS476-part 4, soft to the touch, less dust, and easy to use, cut, and split.
(Source:https://www.coolingindia.in/owens-corning-launches-next-gen-fibreglass-insulation/)
In June 2021 - ROCKWOOL, the company is building a new manufacturing facility in France. This strategic investment is focused for extended capacity to meet the rising demand of insulation products.
Top Companies Market Share in Fiberglass Duct Wrap Insulation Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Global Fiberglass Duct Wrap Insulation Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Fiberglass Duct Wrap Insulation Industry growth. Fiberglass Duct Wrap Insulation market has been segmented with the help of its Type, Application , and others. Fiberglass Duct Wrap Insulation market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the dominating category is "With Facings." This category includes Fiberglas duct wrap insulation products that come with facings or coverings, typically made of materials like foil or kraft paper. These facings provide additional protection against moisture, improve durability, and enhance thermal performance. Additionally, facings help in reducing air leakage, thereby improving the overall energy efficiency of HVAC systems. Due to these advantages, Fiberglas duct wrap insulation with facings is preferred by many contractors and building owners, leading to its dominance in the market.
The fastest-growing category in the Fiberglas duct wrap insulation market is "Without Facings." This category comprises insulation products without any additional facings or coverings. The growing demand for insulation solutions that prioritize sustainability and environmental friendliness is driving the growth of this category. Insulation without facings eliminates the need for additional materials, reducing waste and environmental impact during installation and disposal. Moreover, it offers flexibility in installation, making it suitable for various applications. As sustainability becomes a key focus in construction and HVAC industries, the demand for Fiberglass duct wrap insulation without facings is expected to witness rapid growth.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Fiberglass Duct Wrap Insulation Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the dominating category is "Commercial & Industrial." This segment encompasses insulation applications in commercial buildings, industrial facilities, and other non-residential structures. The dominance of this category is attributed to the large-scale usage of HVAC systems in commercial and industrial settings, where efficient thermal insulation is crucial for maintaining indoor comfort and energy efficiency. Commercial and industrial buildings often have extensive ductwork that requires insulation to minimize heat loss or gain, ensure proper air distribution, and comply with building codes and regulations. As a result, the demand for Fiberglass duct wrap insulation in commercial and industrial applications remains consistently high, driving the dominance of this category in the market.
The fastest-growing category in the Fiberglas duct wrap insulation market is "New Residential." This segment pertains to insulation applications in newly constructed residential buildings and homes. The growth of this category is fuelled by several factors, including rising construction activity, increasing awareness of energy efficiency among homeowners, and the implementation of stringent building codes and standards related to insulation performance. As more residential construction projects adopt energy-efficient building practices, there is a growing emphasis on installing high-quality insulation materials like Fiberglas duct wrap in new homes to improve indoor comfort, reduce energy consumption, and lower utility costs. Consequently, the demand for Fiberglass duct wrap insulation in new residential construction is experiencing rapid growth, making it the fastest-growing category in the market.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Fiberglass Duct Wrap Insulation market report 2024 Edition by contacting our team.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America stands as the dominant region in the Fiberglas duct wrap insulation market for several reasons. Firstly, the region has a robust construction sector, particularly in commercial and residential infrastructure development, where HVAC systems are extensively utilized. Secondly, North America boasts advanced manufacturing capabilities and technological expertise in producing Fiberglas insulation materials, enabling manufacturers to produce high-quality products efficiently and cost-effectively.
Asia-Pacific emerges as the fastest-growing region in the Fiberglas duct wrap insulation market due to several key factors. Firstly, the region is experiencing rapid industrialization and urbanization, leading to a surge in construction activities across residential, commercial, and industrial sectors. Secondly, there is an increasing focus on sustainability and energy efficiency in the region, driven by stringent regulations and environmental concerns.
The current report Scope analyzes Fiberglass Duct Wrap Insulation Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Fiberglas Duct Wrap Insulation market size was estimated at USD 1812.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 724.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.In North America, the Fiberglas duct wrap insulation market is witnessing steady growth driven by several factors. Segmentation analysis reveals a robust demand for Fiberglas duct wrap insulation across various end-user industries, including residential, commercial, and industrial sectors. In residential applications, fiberglass duct wrap insulation is commonly used in both new construction and retrofit projects to improve energy efficiency and indoor air quality. Regional analysis indicates that North America dominates the Fiberglas duct wrap insulation market due to factors such as stringent building codes and regulations, increasing awareness of energy efficiency, and the presence of key market players. In conclusion, North America's Fiberglas duct wrap insulation market shows promising growth prospects, driven by robust demand from diverse end-user segments and favourable regulatory policies promoting energy efficiency.
According to Cognitive Market Research,the global Fiberglas Duct Wrap Insulation market size was estimated at USD 1812.2 Million out of which Europe market of more than 30% of the global revenue with a market size of USD 543.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5%from 2024 to 2031.In Europe, the Fiberglas duct wrap insulation market exhibits a promising landscape characterized by a comprehensive regional and segmentation analysis. Geographically, Europe's market for Fiberglas duct wrap insulation is distributed across key countries such as Germany, the United Kingdom, France, Italy, and Spain. Segmentation analysis reveals diverse applications of fiberglass duct wrap insulation across residential, commercial, and industrial sectors in Europe. In residential settings, it is commonly used for insulating ductwork in both new constructions and renovation projects to enhance thermal efficiency and indoor comfort. In conclusion, Europe's Fiberglas duct wrap insulation market is poised for steady growth driven by factors such as increasing awareness of energy conservation, stringent building codes, and the growing emphasis on sustainable construction practices.
According to Cognitive Market Research, the global Fiberglas Duct Wrap Insulation market size was estimated at USD 1812.2 Million out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 416.81million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0%from 2024 to 2031.In the Asia Pacific region, the Fiberglas duct wrap insulation market is characterized by a robust regional and segmentation analysis. Geographically, Asia Pacific comprises key countries such as China, India, Japan, South Korea, and Australia, among others. Segmentation analysis reveals a diverse range of applications for fiberglass duct wrap insulation across residential, commercial, and industrial sectors in the Asia Pacific region. In residential construction, fiberglass duct wrap insulation is widely used to enhance thermal comfort and energy efficiency in homes, apartments, and condominiums. In conclusion, the Asia Pacific Fiberglas duct wrap insulation market presents significant growth opportunities fuelled by robust construction activities, increasing awareness of energy efficiency, and stringent regulations.
According to Cognitive Market Research, the global Fiberglas Duct Wrap Insulation market size was estimated at USD 1812.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 90.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4%from 2024 to 2031.In the Latin America region, the Fiberglas duct wrap insulation market is characterized by a robust regional and segmentation analysis. Segmentation analysis reveals a diverse range of applications for fiberglass duct wrap insulation across residential, commercial, and industrial sectors in the Latin America region. In residential construction, fiberglass duct wrap insulation is widely used to enhance thermal comfort and energy efficiency in homes, apartments, and condominiums. In conclusion, the Latin America Fiberglas duct wrap insulation market presents significant growth opportunities fuelled by robust construction activities, increasing awareness of energy efficiency, and stringent regulations.
According to Cognitive Market Research, the global Fiberglas Duct Wrap Insulation market size was estimated at USD 1812.2 Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 36.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7%from 2024 to 2031.The Middle East and Africa (MEA) region exhibit unique characteristics in the Fiberglas duct wrap insulation market, presenting a comprehensive regional and segmentation analysis. Geographically, MEA encompasses countries such as Saudi Arabia, UAE, South Africa, Nigeria, and Egypt. Segmentation analysis reveals a diverse application landscape for Fiberglas duct wrap insulation across residential, commercial, and industrial sectors in the MEA region. In residential construction, the insulation is utilized in homes, apartments, and villas to regulate indoor temperatures, enhance thermal comfort, and reduce energy consumption. In conclusion, the MEA Fiberglas duct wrap insulation market offers substantial growth prospects driven by rapid urbanization, infrastructural development, and increasing awareness of energy efficiency and sustainability.
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Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | With Facings , Without Facings |
Application | Residential , New Residential , Improvement & Repair , Commercial & Industrial , New Commercial & Industrial , Improvement & Repair |
List of Competitors | Knauf Insulation , Johns Manville, Owens Corning, CERTAINTEED, Saint-Gobain Group, Smartclima, GAF., Lamtec Corporation, ISOVER, Twiga |
This chapter will help you gain GLOBAL Market Analysis of Fiberglass Duct Wrap Insulation. Further deep in this chapter, you will be able to review Global Fiberglass Duct Wrap Insulation Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Fiberglass Duct Wrap Insulation Market Trends North America Fiberglass Duct Wrap Insulation Technological Road Map North America Fiberglass Duct Wrap Insulation Market Drivers North America Fiberglass Duct Wrap Insulation Market Restraints North America Fiberglass Duct Wrap Insulation Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Fiberglass Duct Wrap Insulation market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why With Facings have a significant impact on Fiberglass Duct Wrap Insulation market? |
What are the key factors affecting the With Facings and Without Facings of Fiberglass Duct Wrap Insulation Market? |
What is the CAGR/Growth Rate of Residential during the forecast period? |
By type, which segment accounted for largest share of the global Fiberglass Duct Wrap Insulation Market? |
Which region is expected to dominate the global Fiberglass Duct Wrap Insulation Market within the forecast period? |
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Additional Qualitative Data |
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Additional Quantitative Data |
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