North America is expected to lead the insulation market in terms of size, during the forecast period. The market in the U.S. especially, is advancing at a high rate considering the increased demand from end users.
The global air conditioner and refrigerator markets are witnessing significant growth, largely because of the increasing demand for these systems from countries such as China and India. In addition, due to global warming, the need for energy efficient heating, ventilation, and conditioning (HVAC) equipment is also surging. The energy efficiency of HVAC systems is determined by the amount of energy that is consumed for the desired level of heating or cooling; hence the lesser the energy consumed, the higher the efficiency of the appliance.
