Qatar Building Thermal Insulation Market Size & Outlook
Qatar building thermal insulation market, 2018-2030 (US$M)
Related Markets
Qatar building thermal insulation market highlights
- The Qatar building thermal insulation market generated a revenue of USD 75.7 million in 2022 and is expected to reach USD 127.9 million by 2030.
- The Qatar market is expected to grow at a CAGR of 6.8% from 2023 to 2030.
- In terms of segment, glass wool was the largest revenue generating product in 2022.
- EPS is the most lucrative product segment registering the fastest growth during the forecast period.
Building thermal insulation market data book summary
| Market revenue in 2022 | USD 75.7 million |
| Market revenue in 2030 | USD 127.9 million |
| Growth rate | 6.8% (CAGR from 2022 to 2030) |
| Largest segment | Glass wool |
| Fastest growing segment | EPS |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glass Wool, Mineral Wool, EPS, XPS, Cellulose, PIR, PUR |
| Key market players worldwide | Rockwool AS Class B, GAF, Guardian Capital Group Ltd, Huntsman Corp, Johns Manville, Atlas Roofing, CertainTeed Corporation, Dow Building Solutions, Owens-Corning Inc, Compagnie de Saint-Gobain SA, Kingspan Group PLC, Cellofoam, Rockwool, Byucksan, BASF |
Other key industry trends
- In terms of revenue, Qatar accounted for 0.3% of the global building thermal 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 thermal insulation market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 372.9 million by 2030.
Glass wool was the largest segment with a revenue share of 33.16% in 2022. Horizon Databook has segmented the Qatar building thermal insulation market based on glass wool, mineral wool, eps, xps, cellulose, pir, pur covering the revenue growth of each sub-segment from 2018 to 2030.
The economic growth in Qatar is expected to be driven by easing of financial constraints, coupled with rising energy prices, ongoing investments in the upgradation in country’s infrastructure before FIFA World Cup which is going to be held in 2022, and commencement of operations at Barzan gas facility by 2020.
In addition, rapid population growth and development of new cities like Lusail will stimulate the infrastructure development in the country, leading to rise in construction activities. The government of Qatar aims to develop highest number of green or carbon-neutral buildings across the Middle East & North Africa region by 2030.
Government’s emphasis on economic growth, with focus on non-oil sectors is expected to drive the funding towards construction projects over the forecast period. In addition, government’s efforts to enhance regional connectivity by focusing on development of transport infrastructure is expected to aid the industry growth.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Qatar building thermal insulation market size, by product, 2018-2030 (US$M)
Qatar Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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