With energy conservation becoming a pivotal keyword in the present environmental scenario, Fiberglass Duct Wrap Insulation Market undeniably stands to gain commendable returns in the ensuing years. According to the US Department of Energy, in an average American home, 50% to 70% of energy is used up for heating and cooling purposes. Using effective insulation and air sealing can save up to 20% of energy costs, which can become a substantial saving for residential, commercial or industrial buildings – a fact that is certain to contribute toward fiberglass duct wrap insulation industry growth.
Increasing awareness among consumers about indoor air quality and ventilation has also helped to spur the fiberglass duct wrap insulation market. Application of fiberglass insulation in residential air conditioning and spike in global residential construction has created a strong outlook for the fiberglass duct wrap insulation industry from residential applications. In fact, fiberglass duct wrap insulation industry size from the residential sector is expected to cross 350 million square meters in terms of volume by 2024.
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Tighter building codes are now being put into place to minimize energy being lost from buildings, leading to energy wastage and further burden of greenhouse gases emissions on the planet. The application of such codes is driving innovation in the HVAC ductwork market, quite overtly fueling fiberglass duct wrap insulation market trends. Air ducts, which are essentially present on almost all buildings for ventilation are crucial areas which can often be overlooked and take a heavy toll when it comes to energy costs.
Global fiberglass duct wrap insulation market share is highly fragmented in nature due to the presence of internal as well as local manufacturers offering wide product range. Major fiberglass duct wrap insulation manufacturers are:
- Owens Corning
- Johns Manville
- Knauf Manson
- Lamtec Corporation
In this regard, some fiberglass duct wrap manufacturers like CertainTeed are developing moisture repellent surface insulation that are more resistant to moisture as compared to traditional insulation. The feature is suited for consumers who desire to lift any doubt concerning the entrance of moisture through improperly sealed duct joints or poorly maintained ducts. The breathable coating also helps in preserving sound dampening characteristics of the insulation and allows sound waves to be absorbed in the fiberglass insulation with the open cell structure.
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Fiberglass Duct Wrap Insulation Market, by Type:
- With facings
- Without facings
Fiberglass Duct Wrap Insulation Market, by Application:
- New residential
- Improvement & repair
- New commercial & industrial
- Improvement & repair
In most commercial and residential buildings, a proactive stance is being undertaken to maintain the indoor air quality. Air quality maintenance has received a high priority and attention in recent decades, leading to duct work insulation receiving increased importance when it comes to sustainable design and avoiding potential health threats like microbial growth and mold, which often infests in unprotected ducts. Excess moisture can accumulate itself on uninsulated ducts when condensation collects on the duct surface leading to microbial growth and decline in indoor air quality.
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