Global Fiberglass Duct Wrap Insulation Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

With Facings and Without Facings.

By Application;

Residential, and Commercial & Industrial.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn568100577 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Fiberglass Duct Wrap Insulation Market (USD Million), 2021 - 2031

In the year 2024, the Global Fiberglass Duct Wrap Insulation Market was valued at USD 1,666.33 million. The size of this market is expected to increase to USD 2,237.44 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.

The global fiberglass duct wrap insulation market has been experiencing significant growth due to increasing awareness about energy efficiency and the rising demand for sustainable construction materials. Fiberglass duct wrap insulation is commonly used in HVAC systems to prevent heat loss, improve energy efficiency, and reduce energy consumption. The growing trend of energy-efficient buildings and the implementation of stringent regulations regarding energy consumption in both residential and commercial buildings are key drivers of this market. Additionally, with the focus on green building initiatives, fiberglass duct wrap insulation provides a cost-effective and eco-friendly solution to improve indoor air quality and thermal comfort.

North America and Europe are the dominant markets for fiberglass duct wrap insulation, driven by strong construction sectors and increasing adoption of energy-efficient technologies in both new and retrofitted buildings. In North America, particularly the U.S. and Canada, there is a high demand for fiberglass insulation materials due to stringent building codes and regulations that mandate energy-saving solutions. Similarly, European countries are increasingly adopting advanced insulation materials as part of efforts to meet sustainability goals and reduce greenhouse gas emissions. The market in these regions is also supported by a well-established manufacturing base for fiberglass insulation products, which contributes to both domestic consumption and exports.

The Asia Pacific region is emerging as a key growth area for the fiberglass duct wrap insulation market, driven by rapid industrialization, urbanization, and the expansion of the construction industry in countries like China, India, and Southeast Asia. As the demand for energy-efficient building solutions rises, especially in growing economies, the market for fiberglass duct wrap insulation is poised for significant growth in these regions. Additionally, increasing awareness about the importance of indoor air quality and thermal comfort, combined with government incentives for green building practices, is expected to drive market expansion in the coming years. As the construction industry in these regions continues to grow, fiberglass duct wrap insulation is increasingly seen as an essential material for improving energy efficiency and reducing operational costs in HVAC systems.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Fiberglass Duct Wrap Insulation Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Stringent Building Codes and Regulations

        2. Growing Awareness of Environmental Sustainability

        3. Technological Advancements in Insulation Materials

      2. Restraints
        1. Health and Safety Concerns

        2. Competition from Alternative Insulation Materials

        3. High Installation Costs

      3. Opportunities
        1. Innovation in Insulation Technologies

        2. Expansion in Emerging Markets

        3. Increased Adoption of Smart HVAC Systems

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Fiberglass Duct Wrap Insulation Market, By Type, 2021 - 2031 (USD Million)
      1. With Facings
      2. Without Facings
    2. Global Fiberglass Duct Wrap Insulation Market, By Application, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial & Industrial
    3. Global Fiberglass Duct Wrap Insulation Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Owens Corning
      2. Johns Manville
      3. UP Twiga Fiberglass
      4. Mag-Isover
      5. CertainTeed
      6. Knauf Insulation
      7. Manson Insulation
      8. Thermaire
      9. Frost King
  7. Analyst Views
  8. Future Outlook of the Market