Middle East & Africa Structural Insulated Panels Market Size & Outlook
Middle East & Africa structural insulated panels market, 2017-2028 (US$M)
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MEA structural insulated panels market highlights
- The MEA structural insulated panels market generated a revenue of USD 624.4 million in 2020.
- The market is expected to grow at a CAGR of 8.4% from 2021 to 2028.
- In terms of segment, polystyrene was the largest revenue generating product in 2020.
- Other Products is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2021 to 2028.
MEA data book summary
| Market revenue in 2020 | USD 624.4 million |
| Market revenue in 2028 | USD 1,191.2 million |
| Growth rate | 8.4% (CAGR from 2020 to 2028) |
| Largest segment | Polystyrene |
| Fastest growing segment | Other Products |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polystyrene, Polyurethane, Glass Wool, Other Products |
| Key market players worldwide | Nucor Corp, Kingspan Group PLC, Owens-Corning Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.9% of the global structural insulated panels market in 2020.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,502.6 million by 2028.
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Structural Insulated Panels Market Scope
Structural Insulated Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa structural insulated panels 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 structural insulated panels market will help companies and investors design strategic landscapes.
Polystyrene was the largest segment with a revenue share of 71.84% in 2020. Horizon Databook has segmented the Middle East & Africa structural insulated panels market based on polystyrene, polyurethane, glass wool, other products covering the revenue growth of each sub-segment from 2017 to 2028.
The construction industry in Middle East & Africa is expected to face few challenges due to uncertainty regarding government spending on infrastructure projects. The insulated panels market is expected to register moderate growth in line with the growth of the building & construction industry in the region.
The recovery of oil prices is lessening the burden on government finances, which in turn is expected to give rise to new models of development such as public-private partnership for infrastructure development.
In addition, the presence of a significant consumer base in the economy is expected benefit market in terms of growth over the forecast period. The UAE initiated a program called Estidama, which regulates the design, construction, and operation of the building through several approvals for energy saving.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa structural insulated panels market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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MEA structural insulated panels market size, by country, 2017-2028 (US$M)
Middle East & Africa Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)
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