The global HVAC insulation market is expected to grow from USD 7.06 billion in 2025 to USD 9.10 billion by 2030, according to a new report by MarketsandMarkets. This represents a compound annual growth rate (CAGR) of 5.2%, driven by rising demand for energy-efficient building systems and stricter environmental regulations.
HVAC insulation, used to minimize energy losses in ducts, pipes, and equipment, is gaining importance in reducing carbon footprints and operational costs. The market is supported by government initiatives targeting sustainable construction and energy management, particularly in urban areas.
Regionally, North America leads due to strong building codes and high levels of retrofitting activity, especially in the US and Canada. Europe follows, with energy transition policies in countries such as Germany, the UK, and France. In Asia Pacific, rapid urbanization and infrastructure development in China, India, Japan, and South Korea are contributing to strong market growth. The Middle East, led by the UAE and Saudi Arabia, is also showing increased demand for HVAC insulation due to climate-related needs and large-scale commercial construction.
The duct segment is anticipated to hold the largest share of the market during the forecast period. Duct insulation is critical in commercial and industrial buildings for preventing thermal loss, reducing energy consumption, and enhancing indoor air quality. Common materials include fiberglass, foam, and mineral wool.
The commercial sector is expected to be the largest end-use industry segment. This growth is attributed to the focus on high-performance building systems, retrofitting of aging infrastructure, and the integration of smart building technologies. Demand is particularly strong in North America, Europe, and the rapidly developing urban centers of Asia Pacific.
According to the report, Asia Pacific will be the largest regional market by 2030, led by construction activity in China and India, and reinforced by government energy-efficiency initiatives and growing sustainability awareness.
Key manufacturers profiled in the report include Owens Corning Corporation (US), Saint-Gobain SA (France), Knauf Group (US), Kingspan Group PLC (Ireland), Rockwool Group (Denmark), Armacell International SA (Germany), and Johns Manville (US), among others.