Middle East & Africa Building Insulation Materials Market Overviews
Middle East & Africa Building Insulation Materials Market size was valued at US$ 2.44 Bn. in 2023 and the total revenue is expected to grow at CAGR of 3.23% through 2024 to 2030, reaching nearly US$ 3.05 Bn. by 2030.
Building Insulation materials are used in the construction industry to prevent heat, electricity, or sound from passing through electrical appliances and building materials. The insulation materials market is essentially classified in three broad categories, including thermal insulation, electrical insulation, and heat insulation. The proper installation of high-quality insulation materials is the key to a successful insulation system. Insulation is an important technology for reducing energy usage and preventing heat gain/loss in buildings. It acts as a heat barrier and is necessary for keeping homes warm in the winter and cool in the summer. The appropriate level and type of insulation are influenced by the weather. The thermal conductivity of insulating materials is typically less than 0.1 W/mK. Insulation materials include polyurethane foam, mineral wool, polyethylene, polyvinyl chloride, expanded polystyrene, and extruded polystyrene. These materials exist solely to save energy while also protecting and providing comfort to occupants.
Middle East & Africa Building Insulation Materials Market Scope and Methodology:
More commercial buildings in the region – Due to rising awareness of energy conservation and increased installation of thermal insulation to bridge the gap between energy demand and supply, the commercial building segment accounted for the largest share of market revenue
Middle East & Africa Building Insulation Materials Market Regional Insights
Automakers have invested over USD180 billion in electric vehicle development since 2014; by 2030, they expect to spend more than USD500 billion. In 2021, nearly 30% of all cleantech investments globally went to electric mobility, reaching a record high of almost USD 20 billion. The number of EV-only manufacturing plants in the US is set to rise from 9 today to 41 in 2029. In 2021, 66% of auto supply deals by value were initiated by financial investors, with most of the biggest deals focused on EVs and advanced driver assistance systems (ADAS) components.
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Middle East & Africa Building Insulation Materials Market Segmentation
By Product, the Middle East & Africa Building Insulation Materials Market is segmented as Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Mineral Wool, Others. Expanded Polystyrene dominates the Building Insulation Materials Market with the market share of 53% in 2023 because it is one of the most extensively utilised foamed polymers for constructing thermal insulation It’s a type of insulation with impressive properties such as sound absorption, light weight, and earthquake resistance. One of the most prevalent applications is pipe insulation to minimise heat gain, condensation, or frost formation on water and air conditioning lines and also this region is mostly deserted and have summer all over the year and that’s why this segment is most popular. Extruded Polystyrene has the market share of 28.7% in 2023 because of its water resistance, ability to reduce moisture-related damages, and ability to conserve energy Its ability to suppress microbial or fungal growth in the insulated region is also expected to help with growth. Mineral wool has the market the market share of 15% in 2023 owing to the product’s exceptional qualities, such as fire resistance, effective heat barrier, environmental compatibility, and dimensional stability Over the forecast period, mineral wool’s growth is expected to be driven by its increasing use in thermal barrier applications. Other materials such as PU foam and PIR foam has the market share of 3.3% in 2023.
Middle East & Africa Building Insulation Materials Market Key Players
Armacell S.A. (Luxembourg)
Beijing New Building Material (Group) Co., Ltd. (China)
Evonik (Germany)
PT. Bondor Indonesia (Indonesia)
BYUCKSAN (South Korea)
Huamei Energy-saving Technology Group Co., Ltd. (China)
Johns Manville (U.S.)
Kaneka Corporation (Japan)
KCC Corporation (South Korea)
Kingspan Insulation LLC (Ireland)
Lloyd Insulations Limited (India)
NICHIAS Corporation (Japan)
ROCKWOOL International A/S (Denmark)
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Key questions answered in the Middle East & Africa Building Insulation Materials Market are:
- What is Middle East & Africa Building Insulation Materials ?
- What was the Middle East & Africa Building Insulation Materials market size in 2023?
- What is the growth rate of the Middle East & Africa Building Insulation Materials Market?
- Which are the factors expected to drive the Middle East & Africa Building Insulation Materials market growth?
- What are the different segments of the Middle East & Africa Building Insulation Materials Market?
- What growth strategies are the players considering to increase their presence in Middle East & Africa Building Insulation Materials ?
- What are the upcoming industry applications and trends for the Middle East & Africa Building Insulation Materials Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Middle East & Africa Building Insulation Materials Market?
- Who are the leading companies and what are their portfolios in Middle East & Africa Building Insulation Materials Market?
- What segments are covered in the Middle East & Africa Building Insulation Materials Market?
- Who are the key players in the Middle East & Africa Building Insulation Materials market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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