UAE Building Thermal Insulation Market Size & Outlook
UAE building thermal insulation market, 2018-2030 (US$M)
Related Markets
UAE building thermal insulation market highlights
- The UAE building thermal insulation market generated a revenue of USD 183.8 million in 2022 and is expected to reach USD 307.2 million by 2030.
- The UAE market is expected to grow at a CAGR of 6.6% 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 183.8 million |
| Market revenue in 2030 | USD 307.2 million |
| Growth rate | 6.6% (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, UAE accounted for 0.8% 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 33.08% in 2022. Horizon Databook has segmented the UAE 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.
Expanding tourism sector, flourishing industrial output, and increasing exports is expected to aid the economic growth of UAE. The country is exhibits positive outlook for the construction industry, owing to the rising consumer confidence, increase in prices in housing sector, and improved real estate activity.
The construction sector is expected to benefit from developments in tourism, major government investments in infrastructure, and international events such as Expo 2020. Increasing construction activities in the country are expected to present a positive outlook for demand for building thermal insulation over the forecast period.
Rising expansion of hospitality, education, and healthcare sector is anticipated to boost the construction in respective sector. High per capita income in the country is expected to boost the consumer spending, thereby driving the growth of commercial sector.
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Building Thermal Insulation Market Scope
Building Thermal Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE building thermal insulation market size, by product, 2018-2030 (US$M)
UAE Building Thermal Insulation Market Outlook Share, 2022 & 2030 (US$M)
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