Premium Insight Fiberglass Duct Wrap Insulation Market 2017-2024

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Fiberglass Duct Wrap Insulation Market Present
Scenario and Growth Prospects 2017-2024
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Fiberglass Duct Wrap
Insulation Market

• Asia Pacific, led by China and India with
  register a significant growth in the fiberglass
  duct wrap insulation market. Being the most
  populated countries globally, the need for
  residential buildings are surging, ultimately is
  rising the product demand. Pakistan is the
  fastest growing country in terms of population.
• Europe, especially London is amongst the places
  with largest number of office building. Growing
  number of commercial building in the country such
  as hotels, restaurants, shopping malls, retail
  outlets, and warehouses is boosting fiberglass
  duct wrap insulation market.
• Death Valley in North America is the hottest
  place in the world. Highest temperature in the
  field was recorded as 56.7 degree that instigate
  demand for air conditioner and chimney in the
  region. The region will witness decent growth in
  the forecast period and will drive the fiberglass
  duct wrap insulation market.

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Application Analysis of Fiberglass Duct Wrap
Insulation Market

• Supply chain of the fiberglass duct wrap
  insulation market instigates from raw material
  procurement. Its manufacturing process includes
  melting, fiber forming, curing, cooling and
  trimming. It is packed and transported to various
  distributors in different locations. It is
  installed in various building for commercial and
  domestic use. The product can be recycled or
  reused.
• Restrains of fiberglass duct wrap insulation
  market are its operational snags such as it does
  not bridge the gap over ¼ inch. These gaps must
  be first bridged with good quality approved tape,
  that incurs additional cost and time in
  installation. If the ducts are not properly
  placed it can freeze or burst the material in
  which it is placed. Installation of the product
  should take place under a professional expert or
  else it can elevate carbon monoxide level in the
  surrounding.

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Application Analysis of Fiberglass Duct Wrap
Insulation Market

• Calcium chloride is available in several types
  including, flakes, prills, pellets and liquid
  grade. It is a specialty chemical used in a
  variety of applications including oil gas,
  food, construction and pharmaceuticals. The
  functional property of the product to reduce the
  freezing point of water brands it a significant
  compound in colder regions. Substantial number of
  road accidents occurring due to ice and snow are
  prevented using calcium chloride as a deicing
  agent on roads.

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Competitive Market Share of Fiberglass Duct Wrap
Insulation Market

• Significant producers in the fiberglass duct wrap
  insulation market are Owens Corning, Johns
  Manville, Monson, Knauf, Unifrax, IIG, Roxul,
  Techlite, Nomaco and Foster. The companies are
  investing highly in research and development for
  broader prospect and consistency. Owens Corning
  acquired Thermafiber, the acquisition provides
  the company with a broad portfolio encompassing
  fiber glasses and mineral wool products. Knauf
  acquired Guardian, a leading supplier of the
  product in the construction sector.
• The acquisition aims an important step to become
  global leader in energy efficiency. Johns
  Manville acquired IIG, the purpose of the
  acquisition was to expand the business and
  explore opportunities in the market to build
  strong brand position and expand product variety.

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Competitive Market Share of Fiberglass Duct Wrap
Insulation Market

• Other prominent players are Keg River Chemical,
  Occidental Petroleum, Auro Chemical, MFC
  Industrial, Weifang Taize Chemical Industry, Ward
  Chemicals, Sulaksh Chemicals, Weifang Haibin
  Chemical, B. J. Services, Weifang Haibin
  Chemical, PVS Chemicals, Aditya Birla Chemicals,
  Nedmag, The Dow Chemical, Gujarat Alkalies and
  Aarti Industries.
• In 2012, MFC Industrial Ltd. Acquired major
  interests in the U.S. based ACC Resources and the
  Mexican raw material and chemicals company,
  Possehl Mexico. This acquisition of these firms
  helped MFC Industrial Ltd to expand its global
  supply chain network, by entering Latin and North
  American markets. In addition, product lines of
  these companies aided to integrate well with MFC
  existing commodity business.

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