KSA Building Thermal Insulation Market Trends, Share, Demand, Revenue and Future Outlook
Saudi Arabia Building Thermal Insulation Market Growth, Size, Trends Analysis- By Product, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2024 | Report ID: CHEM24127 | Pages: 1 - 111 | Formats*: |
| Category : Chemical & Materials | |||
Saudi Arabia Building Thermal Insulation Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Building Thermal Insulation Market is estimated to reach USD 462.35 million by 2033 with a CAGR of 7.43%.
The report includes an in-depth analysis of the Saudi Arabia Building Thermal Insulation Market, including market size and trends, product mix, Applications, and supplier analysis. The use of materials and technology to lessen heat transfer between a building's exterior and inside is known as building thermal insulation. It entails the use of insulation materials in walls, roofs, floors, and other building components to reduce heat loss or gain. In Saudi Arabia, where severe temperatures are widespread, thermal insulation is critical for preserving comfortable indoor settings, lowering energy consumption, and enhancing construction sustainability.
- Kingspan Group plans to acquire a majority stake in Steico SE, a market leader in wood-fibre insulation and wood-based building envelope solutions, in July 2023. This move is consistent with Kingspan's objective to expand its insulation product line and improve sustainability solutions. The transaction is subject to regulatory approval and is scheduled to close in early 2024.
Market Opportunities and Challenges
Opportunities:
Green building development to accelerate market expansion
The market for building thermal insulation has grown as a result of the adoption of green construction techniques. Through the promotion of energy efficiency and the reduction of resource consumption, green building techniques seek to lessen the environmental effect of buildings. Including thermal insulation in building design is one of the best strategies to accomplish this objective. By reducing heat movement between the building's exterior and inside, thermal insulation helps lower the amount of energy needed to heat or cool a structure. By lowering the dependency on fossil fuels for heating, this not only lowers the energy needed to maintain a comfortable indoor temperature but also contributes to a reduction in greenhouse gas emissions.
Challenges: The growth of the building thermal insulation sector may be constrained by a lack of knowledge about the advantages of thermal insulation. Despite the many benefits, such as energy efficiency and environmental friendliness, prominent players may face significant difficulties due to a lack of knowledge about these thermal insulations. Increased costs for insulation materials may make it more difficult for developing nations like South Asia and the Middle East and Africa to use the products. Certain conventional insulating materials, including fiberglass, are not resistant to mold and moisture. This might increase the need for reasonably priced thermal insulating material substitutes.
Market Competitive Landscape
The Saudi Arabia Building Thermal Insulation market is competitive, with both local and foreign manufacturers and suppliers. Key players prioritize product innovation, quality, and total insulating solutions. The market consists of insulating material manufacturers, system providers, and installation contractors. Key market players are BASF, Byucksan, Rockwool, Cellofoam, Dow Building Solutions, CertainTeed Corporation, Atlas Roofing, GAF, Owens-Corning Inc, Johns Manville.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Application, By End Use. |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region. |
| Companies Covered | BASF, Byucksan, Rockwool, Cellofoam, Dow Building Solutions, CertainTeed Corporation, Atlas Roofing, GAF, Owens-Corning Inc, Johns Manville. |
COVID-19 Impact on Saudi Arabia Building Thermal Insulation Market
The market for thermal insulation has shrunk as a result of the global COVID-19 outbreak. Lockdowns in the majority of the world's countries have stopped new construction projects and stopped the use of insulating materials. The old buildings that need to be insulated in accordance with the new standards and laws that the local government has set are also on hold since there is a shortage of the labor and materials needed to finish the installation.
By Product Insights
The Building Thermal Insulation Market is segmented by product, including wool insulation (Glass Wool, Stone Wool), plastic foams (EPS, XPS, Phenolic, Polyurethanes (PU), and others. In 2022, the Wool Insulation category accounted for the majority of Building Thermal Insulation Market revenue. The wool insulation category comprises materials like glass wool and stone wool, which are created from natural or recycled materials and have great thermal performance. These materials are commonly utilized in applications that require both fire resistance and sound insulation.
Key Target Audience:
- Construction Companies and Contractors
- Architects and Engineering Consultants
- Real Estate Developers
- Residential Property Owners and Builders
- Commercial Building Owners and Managers
- Government Agencies and Regulators
- Educational Institutions
- Hospitality Sector (Hotels and Resorts)
- Healthcare Facilities (Hospitals and Clinics)
- Industrial Facility Owners
Our in-depth analysis of the Saudi Arabia Building Thermal Insulation Market includes the following segments:
| By Product: | |
| By Application: | |
| By End Use: |
Key Topics Covered in the Report:
- Saudi Arabia Building Thermal Insulation Market Size (FY’2024-FY’2033)
- Overview of Saudi Arabia Building Thermal Insulation Market
- Segmentation of Saudi Arabia Building Thermal Insulation Market By Product (Glass Wool, Mineral Wool, EPS, XPS, Cellulose, PIR, PUR, Others)
- Segmentation of Saudi Arabia Building Thermal Insulation Market By Application (Roof, Walls, Floor)
- Segmentation of Saudi Arabia Building Thermal Insulation Market By End Use (Residential, Commercial)
- Statistical Snap of Saudi Arabia Building Thermal Insulation Market
- Expansion Analysis of Saudi Arabia Building Thermal Insulation Market
- Problems and Obstacles in Saudi Arabia Building Thermal Insulation Market
- Competitive Landscape in the Saudi Arabia Building Thermal Insulation Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Building Thermal Insulation Market
- Details on Current Investment in Saudi Arabia Building Thermal Insulation Market
- Competitive Analysis of Saudi Arabia Building Thermal Insulation Market
- Prominent Players in the Saudi Arabia Building Thermal Insulation Market
- SWOT Analysis of Saudi Arabia Building Thermal Insulation Market
- Saudi Arabia Building Thermal Insulation Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Building Thermal Insulation Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Building Thermal Insulation Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Building Thermal Insulation Market
7. Saudi Arabia Building Thermal Insulation Market, By Product (USD Million) 2020-2033
7.1. Saudi Arabia Building Thermal Insulation Market Size, Share and Forecast, By Product, 2020-20267.2. Saudi Arabia Building Thermal Insulation Market Size, Share and Forecast, By Product, 2027-20337.3. Glass Wool7.4. Mineral Wool7.5. EPS7.6. XPS7.7. Cellulose7.8. PIR7.9. PUR7.10. Others
8. Saudi Arabia Building Thermal Insulation Market, By Application (USD Million) 2020-2033
8.1. Saudi Arabia Building Thermal Insulation Market Size, Share and Forecast, By Application, 2020-20268.2. Saudi Arabia Building Thermal Insulation Market Size, Share and Forecast, By Application, 2027-20338.3. Roof8.4. Walls8.5. Floor
9. Saudi Arabia Building Thermal Insulation Market, By End Use (USD Million) 2020-2033
9.1. Saudi Arabia Building Thermal Insulation Market Size, Share and Forecast, By End Use, 2020-20269.2. Saudi Arabia Building Thermal Insulation Market Size, Share and Forecast, By End Use, 2027-20339.3. Residential9.4. Commercial
10. Saudi Arabia Building Thermal Insulation Market Forecast, 2020-2033 (USD Million)
10.1. Saudi Arabia Building Thermal Insulation Market Size and Market Share
11. Saudi Arabia Building Thermal Insulation Market, By Region, 2020-2033 (USD Million)
11.1. Saudi Arabia Building Thermal Insulation Market Size and Market Share By Region (2020-2026)11.2. Saudi Arabia Building Thermal Insulation Market Size and Market Share By Region (2027-2033)11.3. Eastern Region11.4. Western Region11.5. Southern Region11.6. Northern Region
12. Company Profile
12.1. BASF
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Byucksan
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Rockwool
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Cellofoam
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Dow Building Solutions
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. CertainTeed Corporation
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Atlas Roofing
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. GAF
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Owens-Corning Inc
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Johns Manville
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Saudi Arabia Building Thermal Insulation Market is projected to reach USD 462.35 million by 2033, growing at a CAGR of 7.43% during the forecast period.
Saudi Arabia Building Thermal Insulation Market grew in Market size from 2024. The Market is expected to reach USD 462.35 million by 2033, at a CAGR of 7.43% during the forecast period.
Saudi Arabia Building Thermal Insulation Market CAGR of 7.43% during the forecast period.
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Saudi Arabia Building Thermal Insulation Market size is USD 462.35 million from 2024 to 2033.
Saudi Arabia Building Thermal Insulation Market is covered By Product, By Application, By End Use.
The Middle East is anticipated to have the highest Market share in the Saudi Arabia Building Thermal Insulation Market.
The key players in the Market include Companies Covered BASF, Byucksan, Rockwool, Cellofoam, Dow Building Solutions, CertainTeed Corporation, Atlas Roofing, GAF, Owens-Corning Inc, Johns Manville.
The use of materials and technology to lessen heat transfer between a building's exterior and inside is known as building thermal insulation. It entails the use of insulation materials in walls, roofs, floors, and other building components to reduce heat loss or gain.
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