Saudi Arabia Building Thermal Insulation Market to Grow at a Surprising CAGR of 7.0% by 2029, Size, Business Strategies, Competitive Landscape and Regional Overview

The Saudi Arabia building thermal insulation market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with 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. The major factor driving the growth market is the growing popularity of plastic foam as a lightweight material in building and construction, the expansion of green buildings, and rising importance of rooftop insulation.

Building thermal insulation products have been gaining popularity and are widely used in the building and construction industry, especially in residential, commercial, and industrial sectors. On account of the rising investments in infrastructure development and supportive government initiatives toward sustainability in the country are expected to provide an opportunity for bolstering the market growth. Furthermore, several market players are investing in R&D activities to launch new products to cater to the requirements of the infrastructure sector.

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Market Definition

Building thermal insulation is a technology that helps in reducing energy consumption in buildings by preventing the amount of heat loss/gain through the building envelope. Thermal insulation is made up of different materials such as fiberglass, mineral wool, plastic foam, aerogels, cellulose, and others. Mineral wool is further segmented into stone wool and glass wool. These materials have great thermal insulation properties due to which they have a wide range of applications in heating buildings in Saudi Arabia. Thermal insulation made with mineral wool helps in maintaining the required temperature by preventing heat loss. On the other hand, fiberglass thermal insulation is one of the most popular insulation materials because of its cost-effectiveness and eco-friendliness. It is made up of recycled glass which makes it an eco-friendly option. Thermal insulation manufactured by using a variety of materials has extensive applications in industrial, commercial, and residential complexes.

Some of the prominent participants operating in the market are Saudi Rock Wool Factory, Arabian Fiberglass Insulation Company Ltd., BASF SE, SAINT-GOBAIN, Dow, DuPont, Wanhua Chemical Group Co., Ltd, MASCO, Clariant, PPG Industries, Inc., Fahad International Group, Saudi Vetonit Co. Ltd, Nippon Sheet Glass Co., Ltd, Sika AG, Fletcher Building, and GAF.

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