Saudi Arabia Insulation Market Analysis

Saudi Arabia Insulation Industry Analysis

Material Insights

• The mineral wool category will dominate the market by contributing 35% revenue in 2024. This variant majorly uses slag wool and rock wool as insulation products.
• This is widely employed in the construction of equipment and pipelines, which are utilized in a variety of industries, such as building insulation for walls, roofs, and floors.
• This is because material wool offers fire resistance and the ability to resist high temperatures, which makes it a popular choice in the Saudi Arabian market.
• Polyurethane foam is expected to witness a CAGR of 4.8% in 2024–2030 because of its excellent thermal insulation and ease of installation in several applications.

The materials covered in the report include:

• Mineral Wool (Largest Category)
• Glass Wool
• Polystyrene
• Polyurethane Foam (Fastest-Growing Category)
• Others

Function Insights

• The thermal category will dominate the market in 2024 due to its applications in buildings, oil and gas facilities, power plants, and other industrial processes.
• Due to Saudi Arabia's hot weather, it is imperative to utilize efficient thermal insulation to improve energy efficiency in industrial processes and help maintain indoor temperature while driving down the consumption of energy for cooling.
• The electrical category is expected to witness a CAGR of 4.6% in 2024–2030 due to the growing electrical infrastructure, such as power transmission, distribution networks, and renewable energy projects (solar and wind farms) in Saudi Arabia. This leads to an increasing requirement for high-, medium-, and low-voltage cables that require effective insulation to protect people from shocks.

The following functions are included in the report:

• Thermal (Largest Category)
• Electric (Fastest-Growing Category)
• Others

Application Insights

• The residential category will hold the largest market share, in 2024.
• Due to Saudi Arabia's growing population and rising housing demand, there is a focus on housing construction projects such as the Sakani program. This program aims to offer affordable homes for the people in the country.
• The development of new residential villas, apartments, and buildings will raise the demand for insulation materials in the country. These materials are used to improve noise insulation, temperature control, and energy savings in residential buildings.
• The commercial category is expected to witness significant CAGR in 2024–2030 due to urbanization and commercial projects, such as office complexes, hotels, offices, and malls.
• This development is driven by economic diversification, tourism growth, and the expansion of the service industry.

The following applications are included in the report:

• Residential (Larger Category)
• Commercial (Faster-Growing Category)