Saudi Arabia Building Acoustic Insulation Market Size & Outlook
Saudi Arabia building acoustic insulation market, 2018-2030 (US$M)
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Saudi Arabia building acoustic insulation market highlights
- The Saudi Arabia building acoustic insulation market generated a revenue of USD 67.7 million in 2022 and is expected to reach USD 95.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.4% from 2023 to 2030.
- In terms of segment, foamed plastics was the largest revenue generating product in 2022.
- Rock Wool is the most lucrative product segment registering the fastest growth during the forecast period.
Building acoustic insulation market data book summary
| Market revenue in 2022 | USD 67.7 million |
| Market revenue in 2030 | USD 95.2 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Foamed plastics |
| Fastest growing segment | Rock Wool |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glass Wool, Rock Wool, Foamed Plastics |
| Key market players worldwide | Compagnie de Saint-Gobain SA, Rockwool AS Class B, Kingspan Group PLC, Basf SE, Johns Manville, Owens-Corning Inc, Armacell, Knauf, Fletcher Building Ltd, Cellectar Biosciences Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.5% of the global building acoustic insulation market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia building acoustic insulation market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 83.1 million by 2030.
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Building Acoustic Insulation Market Scope
Building Acoustic Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia building acoustic insulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to building acoustic insulation market will help companies and investors design strategic landscapes.
Foamed plastics was the largest segment with a revenue share of 43.57% in 2022. Horizon Databook has segmented the Saudi Arabia building acoustic insulation market based on glass wool, rock wool, foamed plastics covering the revenue growth of each sub-segment from 2018 to 2030.
Kingdom of Saudi Arabia has announced a reform program under its Vision 2030. The country is expected to exhibit robust economic growth owing to the implementation of structural reforms. New taxes and fees, including value added tax (VAT), extra fees on expats working in the country, and potential taxes imposed on the foreign businesses is expected to bring additional revenues.
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Target buyers of Saudi Arabia building acoustic insulation market databook
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Our clientele includes a mix of building acoustic insulation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia building acoustic insulation market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia building acoustic insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia building acoustic insulation market size, by product, 2018-2030 (US$M)
Saudi Arabia Building Acoustic Insulation Market Outlook Share, 2022 & 2030 (US$M)
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