Global glass fabric market for duct insulation to reach $2.54 billion by 2030 - The Insight Partners report

The latest study "Fiberglass Duct Wrap Insulation Market Forecast to 2030 - COVID-19 Impact and Global Analysis - By Type and Application" market size of Fiberglass Duct Wrap market is expected to grow from USD 1.64 billion in 2022 to USD 2.54 billion by 2030; it is expected to grow at a CAGR of 5.6% from 2022 to 2030. The report highlights the key factors contributing to the growth of the fiberglass duct wrap market and prominent players along with their developments in the market.

Fiberglass duct wrapping

Fiberglass duct wrap has many advantages such as thermal insulation properties, noise control, energy saving, easy' 'installation and treatment. Fiberglass duct wrap helps reduce sound transmission when properly installed. These duct wrap products are designed for the exterior of rectangular or round sheet metal ducts.

The growth of fiberglass duct wrap market

The rapid growth of the construction industry along with increasing focus on developing energy efficient buildings is driving the growth of the fiberglass duct wrapping market. Various government bodies across various countries are supporting the growth of the residential construction sector. For instance, during the 14th five-year plan (2021-2025), China plans to add 6.5 million government-subsidized rental housing units in 40 key cities,' 'To help approximately 13 million people in need of affordable housing...

The players operating in the fiberglass duct wrapping market

Numerous players operating in the global fiberglass duct wrap market include Knauf Insulation, Johns Manville, Owens Corning, CERTAINTEED, Saint-Gobain Group, Smartclima, GAF., Lamtec Corporation, ISOVER, and Twiga. Players operating in the global fiberglass duct wrap market are focusing on providing quality products to meet the demand of consumers...

Segmentation of the fiberglass duct wrap market

The report includes the following segmentation of the fiberglass duct wrapping market:

• The fiberglass duct wrap market is divided on the basis of type and' 'application.

However, as several countries have resumed operations, companies from the manufacturing sector have resumed their operations to bring their operations back to pre-pandemic levels. Consequently, the demand for fiberglass duct wrap has increased globally. Increasing demand for fiberglass duct wrap from residential, commercial, and industrial construction industries is contributing to the growth of fiberglass duct wrap market.