The Saudi Arabia building thermal insulation market is experiencing robust growth driven by several positive factors. The booming construction and real estate sector create a significant demand for insulation materials in buildings. The government's focus on energy conservation and sustainability promotes the adoption of thermal insulation to reduce energy consumption. Harsh climate conditions necessitate effective insulation for indoor comfort and energy savings. The market benefits from cost savings, rapid urbanization, green building initiatives, infrastructure development, technological advancements, rising awareness, and government incentives, making it a promising and thriving industry in Saudi Arabia.
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Data Bridge Market Research analyses that Saudi Arabia Building Thermal Insulation Market is expected to grow at a CAGR of 7.0% in the forecast period of 2022 to 2029 and is expected to reach USD 437,612.95 thousand by 2029 from USD 2,54,694.72 thousand in 2021. The extreme weather conditions in Saudi Arabia, with scorching summers and cold winters, necessitate effective thermal insulation to maintain indoor comfort and reduce energy usage.
Key Findings of the Study
Energy efficiency regulations is expected to drive the market's growth rate
The Saudi Arabian government's emphasis on energy efficiency and sustainability plays a pivotal role in driving the adoption of thermal insulation in buildings. Implementing energy efficiency regulations, the government encourages building owners and developers to incorporate thermal insulation to reduce energy consumption and greenhouse gas emissions. This measure not only helps in achieving environmental targets but also leads to cost savings for building owners by lowering energy bills and promoting a more sustainable and environmentally responsible construction and real estate sector in the country.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Fiberglass, Mineral Wool, Plastic Foam, Aerogels, Cellulose, and Others), Insulation (Slab or Block, Blanket, Loose Fill, Reflective, Spray Foam, and Others), Distribution Channel (Offline and Online), Application (Roof, Wall, and Floor), End-use (Residential, Commercial, Warehouses, Institutional, and Industrial)
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Market Players Covered
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Saudi Rock Wool Factory (Saudi Arabia), Arabian Fiberglass Insulation Company Ltd. (Saudi Arabia), BASF SE (Germany), SAINT-GOBAIN (France), Dow (U.S.), DuPont (U.S.), Wanhua Chemical Group Co., Ltd (China), MASCO (U.S.), Clariant (Switzerland), PPG Industries, Inc. (U.S.), Fahad International Group (Saudi Arabia), Saudi Vetonit Co. Ltd (Saudi Arabia), Nippon Sheet Glass Co., Ltd (Japan), Sika AG (Switzerland), Fletcher Building (New Zealand), GAF (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Saudi Arabia building thermal insulation market is segmented on the basis of product, insulation, distribution channel, application, and end-use.
- On the basis of product, the market is segmented into fiberglass, mineral wool, plastic foam, Aerogels, Cellulose, and others.
- On the basis of insulation, the market is segmented into slab or block, blanket, loose fill, reflective, spray foam, and others.
- On the basis of distribution channel, the market is segmented into offline and online.
- On the basis of application, the market is segmented into roof, wall, and floor.
- On the basis of end-use, the market is segmented into commercial, residential, warehouses, industrial, and institutional.
Major Players
Data Bridge Market Research recognizes the following companies as the major Saudi Arabia Building Thermal Insulation market players in Saudi Arabia Building Thermal Insulation market are BASF SE (Germany), SAINT-GOBAIN (France), Dow (U.S.), DuPont (U.S.), Wanhua Chemical Group Co., Ltd (China), MASCO (U.S.)
Market Developments
- In 2022, Saudi energy efficiency center requested the citizens of the country to ensure thermal insulation in buildings and save energy. The use of thermal insulation can cut electrical energy consumption by nearly 30% to 40%. This initiative taken by the government is projected to have a positive impact on the overall market growth across the nation.
- In March 2022, Knauf Gips KG has officially opened a new Glass Mineral Wool thermal insulation recycling facility with an investment of USD 12.5 million in Vise, Belgium, paving the way for an exciting new recycling service for the construction and deconstruction industry.
- In 2022, Kingspan Group announced the completion of its acquisition of THU PERFIL SL, the Valencian firm specializing in metal ceiling profile. THU has decades of experience in ceilings, roofing, drywall and partition profile manufacturing.
- In April 2021, Kingspan agrees for investment partnership with H2 Green Steel, a company pioneering new green production methods for steel manufacturing using hydrogen.
- In 2021, Johns Manville Corporation launched JM Corbond IV closed-cell spray polyurethane foam to its product line of building insulation products. JM Corbond IV is a fourth generation, closed-cell spray foam made with a HydroFluoro-Olefin (HFO) blowing agent.
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