Saudi Arabia High Temperature Insulation Market Size & Outlook
Saudi Arabia high temperature insulation market, 2017-2030 (US$M)
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Saudi Arabia high temperature insulation market highlights
- The Saudi Arabia high temperature insulation market generated a revenue of USD 169.6 million in 2021 and is expected to reach USD 335.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.9% from 2022 to 2030.
- In terms of segment, ceramic fiber was the largest revenue generating product in 2021.
- Ceramic Fiber is the most lucrative product segment registering the fastest growth during the forecast period.
High temperature insulation market data book summary
| Market revenue in 2021 | USD 169.6 million |
| Market revenue in 2030 | USD 335.5 million |
| Growth rate | 7.9% (CAGR from 2021 to 2030) |
| Largest segment | Ceramic fiber |
| Fastest growing segment | Ceramic Fiber |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramic Fiber, Insulating Firebrick, Calcium Silicate |
| Key market players worldwide | 3M Co, Morgan Advanced Materials PLC, Almatis, Aspen Aerogels Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.7% of the global high temperature insulation market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia high temperature 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 335.5 million by 2030.
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High Temperature Insulation Market Scope
High Temperature Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia high temperature 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 high temperature insulation market will help companies and investors design strategic landscapes.
Ceramic fiber was the largest segment with a revenue share of 65.45% in 2021. Horizon Databook has segmented the Saudi Arabia high temperature insulation market based on ceramic fiber, insulating firebrick, calcium silicate covering the revenue growth of each sub-segment from 2017 to 2030.
The Saudi Arabia high temperature insulation market is expected to witness significant growth, over the forecasted period, owing to rapid growth in several end-use industries such as crude oil production, cement, metallurgy, plastics, and petroleum refining.
In addition, oil & gas sector accounts for over 50% of the country’s GDP, thus driving the market growth for high temperature insulation. The market growth is expected to be driven by growing energy demand due to factors such as rapidly increasing population, and high investment by government towards development of non-oil industries.
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Target buyers of Saudi Arabia high temperature insulation market databook
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Our clientele includes a mix of high temperature insulation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia high temperature insulation market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia high temperature insulation market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia high temperature insulation market size, by product, 2017-2030 (US$M)
Saudi Arabia High Temperature Insulation Market Outlook Share, 2021 & 2030 (US$M)
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