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KSA Thermal Insulation Material Market

KSA Thermal Insulation Material Market Based on Material Type (Fiberglass, Stone Wool, Foam, Wood Fiber); Based on Temperature (0-100 °C, 100-500°C, 500°C and above); Based on End-use (Construction, Automotive, HVAC, Industrial, Others); Based on Geography (Central Region, Eastern Region, Western Region, Southern Region) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
KSA Thermal Insulation Material Market Size 2023	USD 0.13 million
KSA Thermal Insulation Material Market, CAGR	2.68%
KSA Thermal Insulation Material Market Size 2032	USD 0.17 million

Market Overview

KSA Thermal Insulation Material market size was valued at USD 0.13 million in 2023 and is anticipated to reach USD 0.17 million by 2032, at a CAGR of 2.68% during the forecast period (2023-2032).

The KSA Thermal Insulation Material market is driven by the growing demand for energy-efficient solutions in construction and industrial applications. Government initiatives, such as the Saudi Vision 2030, promote sustainability and energy conservation, further boosting the adoption of thermal insulation materials. The rise in residential and commercial construction, particularly in urban areas, is also a significant factor supporting market growth. Additionally, the increasing focus on reducing energy consumption and minimizing carbon footprints fuels the demand for advanced insulation solutions. Key trends include the growing use of eco-friendly and sustainable insulation materials, as well as the development of innovative, high-performance products. The market is also benefiting from the adoption of modern insulation technologies, such as spray foam and reflective coatings, which offer enhanced thermal performance and cost-effectiveness. These factors combined are expected to drive the KSA thermal insulation material market’s steady growth over the forecast period.

The KSA thermal insulation material market is influenced by regional variations in demand, with key players focusing on providing tailored solutions for different sectors, including construction, industrial, and commercial applications. Major players in the market include BASF SE, Asahi Kasei Corporation, Saint Gobain SA, Kingspan Group, and Rockwool International A/S, all of which have a strong presence in the Kingdom. These companies offer a wide range of thermal insulation materials such as fiberglass, stone wool, and foam, catering to both energy-efficient building projects and industrial applications that require high-temperature resistance. The government’s emphasis on energy efficiency and sustainability further drives demand, creating opportunities for these key players to expand their product offerings in the region. As urbanization accelerates, especially in regions like Riyadh and Jeddah, the demand for high-performance insulation materials is expected to grow, strengthening the position of these leading market participants.

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Market Insights

The KSA thermal insulation material market was valued at USD 0.13 million in 2023 and is expected to reach USD 0.17 million by 2032, growing at a CAGR of 2.68%.
Increasing construction activities and demand for energy-efficient buildings drive market growth.
The adoption of advanced insulation technologies such as spray foam and reflective coatings is on the rise.
The focus on sustainability and eco-friendly materials is a significant market trend, promoting the use of green building materials.
Major players in the market include BASF SE, Saint Gobain SA, Kingspan Group, and Rockwool International A/S.
High initial costs of advanced materials and lack of awareness remain key market restraints.
The Central and Eastern regions dominate the market, with significant growth driven by urbanization and industrial applications.

Market Drivers

Increasing Demand for Energy Efficiency

One of the primary drivers of the KSA thermal insulation material market is the growing emphasis on energy efficiency across various sectors, particularly in construction and industrial applications. With the Kingdom’s focus on reducing energy consumption as part of its sustainability goals outlined in Vision 2030, the demand for energy-efficient solutions, including thermal insulation materials, is on the rise. For instance, the Saudi Energy Efficiency Center has highlighted that thermal insulation can reduce energy consumption by up to 40% in buildings, making it a crucial component in achieving these goals. These materials play a critical role in minimizing energy loss, leading to reduced heating and cooling costs. As the government pushes for higher energy efficiency standards, both residential and commercial buildings are increasingly incorporating insulation materials to improve thermal performance and reduce their carbon footprints. This trend is expected to continue as KSA strives to meet its sustainability and energy-saving targets.

Government Initiatives and Regulatory Support

The KSA government has been proactive in encouraging the adoption of energy-efficient solutions, providing a strong regulatory framework for the construction and building industries. Policies and regulations aimed at improving energy efficiency, such as the Saudi Building Code and energy conservation guidelines, mandate the use of thermal insulation materials in various applications. For example, since 2014, the mandatory installation of thermal insulation in walls and roofs for all new buildings has been a condition to obtain an electricity grid connection. These regulations not only support energy-saving efforts but also help reduce the environmental impact of buildings and infrastructure. Government-backed initiatives, like the Saudi Energy Efficiency Program (SEEP), further promote the installation of energy-efficient materials, driving demand for high-quality insulation products. These regulatory measures and incentives create a conducive environment for the growth of the thermal insulation material market.

Growing Construction and Infrastructure Development

The rapid expansion of construction and infrastructure projects across Saudi Arabia is another key driver of the thermal insulation material market. As part of Saudi Arabia’s Vision 2030, the country has seen substantial investments in new residential, commercial, and industrial buildings, along with large-scale infrastructure developments, including airports, roads, and hospitals. These projects require the use of insulation materials to meet thermal comfort and energy-saving goals. The construction boom is particularly evident in urban areas like Riyadh, Jeddah, and Mecca, where the demand for residential and commercial buildings continues to rise. Thermal insulation is essential in these structures to enhance energy efficiency, which is becoming a critical consideration in modern building designs.

Shift Towards Sustainable and Eco-Friendly Solutions

There is a noticeable trend in the KSA market toward using sustainable and eco-friendly insulation materials. As environmental concerns become more prevalent, both consumers and businesses are increasingly opting for materials that minimize ecological impact. This shift aligns with Saudi Arabia’s broader commitment to environmental sustainability and carbon emission reduction. Products such as cellulose insulation, recycled cotton, and foam-based materials are gaining popularity due to their lower environmental footprint compared to traditional insulation options. The demand for green building materials, including thermal insulation, is expected to continue growing as stakeholders in the construction sector prioritize sustainability. Additionally, insulation materials that offer superior thermal performance while being environmentally friendly are gaining traction in both residential and commercial projects, further boosting market growth.

Market Trends

Focus on Sustainability and Eco-Friendly Materials

Sustainability is a key trend influencing the KSA thermal insulation material market. With growing environmental awareness, there is a noticeable shift towards eco-friendly insulation materials that contribute to reducing carbon footprints. Materials such as cellulose, recycled cotton, and natural fibers are gaining popularity due to their sustainability and reduced environmental impact. For example, cellulose insulation is favored for its low environmental footprint and quick payback period, making it a preferred choice for sustainable construction projects. Additionally, the focus on green building certifications, such as LEED (Leadership in Energy and Environmental Design), is pushing construction projects to adopt sustainable materials. As a result, manufacturers in Saudi Arabia are increasingly developing and offering insulation materials that not only provide energy efficiency but also comply with environmental standards, further driving the trend toward sustainable construction practices.

Adoption of Advanced Insulation Technologies

A prominent trend in the KSA thermal insulation material market is the increasing adoption of advanced insulation technologies. These innovations include spray foam insulation, reflective coatings, and aerogels, which offer superior thermal performance compared to traditional materials. Spray foam insulation, for instance, provides a seamless and effective barrier against heat loss, reducing energy consumption and improving indoor comfort. Reflective coatings, often used in both residential and commercial buildings, help reflect heat away from surfaces, minimizing the need for air conditioning. As the demand for energy-efficient buildings rises, these advanced materials are becoming essential in meeting strict energy codes and enhancing thermal performance, driving the shift toward more sophisticated insulation solutions.

Integration of Smart Building Solutions

The rise of smart buildings is another significant trend shaping the KSA thermal insulation material market. Smart building technologies, which optimize energy use through automation and sensor-based systems, are becoming more prevalent in the Kingdom. These technologies, when integrated with high-performance insulation materials, enhance energy efficiency by automatically adjusting heating, cooling, and ventilation systems based on occupancy and weather conditions. As the construction sector moves towards smarter, more automated buildings, the demand for advanced insulation materials that complement these systems is increasing. This trend reflects the broader push towards intelligent and energy-efficient infrastructure, contributing to the growth of the thermal insulation material market in Saudi Arabia.

Increased Focus on Industrial and Commercial Applications

While residential construction has traditionally been the primary driver of insulation material demand, there is an increasing focus on industrial and commercial applications in Saudi Arabia. The Kingdom’s ongoing industrialization, particularly in sectors such as oil and gas, manufacturing, and logistics, is creating significant opportunities for thermal insulation materials in these sectors. Insulation is crucial in industrial applications to ensure energy efficiency, prevent heat loss, and maintain safety standards. Commercial buildings, including offices, shopping malls, and hotels, are also increasingly adopting high-performance insulation materials to reduce energy costs and improve occupant comfort. This shift towards industrial and commercial applications is expected to further expand the market for thermal insulation materials in the Kingdom, diversifying its demand beyond the residential sector.

Market Challenges Analysis

High Initial Cost of Advanced Materials

One of the significant challenges facing the KSA thermal insulation material market is the high initial cost associated with advanced insulation technologies. While materials such as spray foam, aerogels, and high-performance reflective coatings offer superior energy efficiency, they come at a premium price compared to traditional insulation options. For instance, the cost of installing advanced insulation materials often requires specialized labor, which can further increase the overall expense, making it difficult for cost-sensitive industries to adopt these solutions. Although the long-term energy savings offered by these materials can offset the upfront investment, the initial cost remains a significant challenge for many businesses and consumers in Saudi Arabia, particularly in price-sensitive sectors.

Lack of Awareness and Expertise

Another challenge in the KSA thermal insulation material market is the lack of awareness and expertise regarding the benefits and proper installation of insulation materials. While there is increasing recognition of the importance of energy efficiency, many stakeholders, particularly in smaller construction projects or less technologically advanced sectors, may not fully understand the value that quality insulation materials bring. Additionally, the correct installation of thermal insulation materials is critical to achieving optimal performance, and a shortage of skilled labor or inadequate knowledge about proper techniques can lead to suboptimal results. To overcome this challenge, there is a need for increased education and training within the construction industry, as well as greater awareness among end-users about the long-term benefits of investing in high-quality insulation materials.

Market Opportunities

The KSA thermal insulation material market presents several opportunities driven by the country’s ambitious construction and infrastructure development plans. With the rapid urbanization and growing demand for energy-efficient buildings in Saudi Arabia, there is a significant opportunity for insulation material manufacturers to cater to both residential and commercial sectors. As the Kingdom continues to invest in large-scale projects, including smart cities, hotels, commercial spaces, and residential buildings, the need for effective thermal insulation to reduce energy consumption and enhance building performance is expected to rise. This growing construction activity offers a lucrative market for insulation solutions, particularly those that meet energy efficiency standards set by the government.

Additionally, the increasing focus on sustainability and eco-friendly solutions provides another avenue for growth in the market. As environmental concerns continue to drive consumer preferences and government policies, there is a rising demand for green building materials, including thermal insulation. Manufacturers that focus on producing eco-friendly, recyclable, and low-impact materials are well-positioned to capitalize on this trend. Furthermore, the rise of industrial applications, including energy-intensive sectors such as oil and gas, manufacturing, and logistics, offers new opportunities for insulation material suppliers. These sectors require high-performance insulation to maintain energy efficiency and reduce operational costs, presenting an emerging demand for thermal insulation in industrial settings. As the Kingdom works towards its Vision 2030 goals, there is a clear market opportunity for companies to supply advanced insulation solutions that align with Saudi Arabia’s sustainable development agenda.

Market Segmentation Analysis:

By Material Type:

The KSA thermal insulation material market can be segmented based on material types, including fiberglass, stone wool, foam, and wood fiber. Fiberglass remains one of the most widely used insulation materials due to its affordability, excellent thermal performance, and soundproofing properties. It is commonly used in residential and commercial applications, offering effective insulation at a relatively low cost. Stone wool, known for its fire resistance and durability, is gaining popularity in applications requiring high-temperature resistance, such as industrial and commercial buildings. Foam-based insulation, particularly polyurethane and polystyrene foams, is known for its superior thermal performance and versatility, making it ideal for use in both residential and industrial sectors. Wood fiber insulation, while not as common, is finding a niche market due to its sustainability and eco-friendly properties, particularly in green building projects. As the demand for energy-efficient and eco-friendly materials rises, the market for these various insulation materials is expected to continue growing, with each type catering to specific application needs.

By Temperature:

Another important segment in the KSA thermal insulation material market is based on temperature ranges, specifically 0-100°C, 100-500°C, and 500°C and above. The 0-100°C temperature range is typically used in residential and light commercial applications, where insulation is required for general thermal comfort and energy savings. Materials like fiberglass and foam are commonly used in this segment due to their effective insulation properties at moderate temperatures. The 100-500°C range is more prevalent in industrial settings, including the oil and gas, petrochemical, and manufacturing industries, where higher-temperature insulation is required. Stone wool and specialized foam products are ideal for these applications due to their high-temperature resistance. For extreme high-temperature applications (500°C and above), typically found in industries such as metal processing and power generation, advanced materials that can withstand extremely high heat, like specialized ceramic fiber and refractory insulation, are used. This segmentation highlights the need for specialized insulation solutions across various temperature conditions, contributing to the market’s growth.

Segments:

Based on Material Type:

Fiberglass
Stone Wool
Foam
Wood Fiber

Based on Temperature:

0-100 °C
100-500°C
500°C and above

Based on End-use:

Construction
Automotive
HVAC
Industrial
Others

Based on the Geography:

Central Region
Eastern Region
Western Region
Southern Region

Regional Analysis

Central Region

Central Region holds the largest market share, accounting for approximately 35% of the overall market. This region includes major cities like Riyadh, which is the capital and economic hub of Saudi Arabia. The high demand for thermal insulation materials in the Central Region can be attributed to significant construction activities, especially in residential and commercial buildings. As the region is experiencing rapid urbanization and infrastructure development, the need for energy-efficient solutions, including insulation materials, is growing. Additionally, government initiatives and regulations promoting energy efficiency in buildings further drive the demand for thermal insulation in this region.

Eastern Region

The Eastern Region follows closely, holding around 30% of the market share. This region is home to Saudi Arabia’s key industrial sectors, including oil and gas, petrochemical plants, and manufacturing units, all of which require specialized high-performance insulation materials. Industrial applications, particularly in sectors such as refining and power generation, contribute significantly to the demand for thermal insulation. As major projects are underway in cities like Dammam and Al Khobar, there is a growing need for materials that can withstand high temperatures and improve energy efficiency in these energy-intensive industries. This focus on industrial insulation solutions is a primary driver of the Eastern Region’s strong market presence.

Western Region

The Western Region, which includes major cities like Jeddah and Mecca, captures approximately 25% of the market share. This region’s demand for thermal insulation materials is primarily driven by the construction and real estate sectors, especially given the growing population and ongoing urban development in cities such as Jeddah. Additionally, the Western Region’s proximity to the Red Sea and the influx of tourists for religious tourism in Mecca and Medina has led to the development of hospitality infrastructure. These factors, coupled with the government’s focus on creating sustainable and energy-efficient buildings, contribute to the Western Region’s robust growth in the thermal insulation market.

Southern Region

The Southern Region, while accounting for around 10% of the market share, also shows promising growth. This region’s demand for thermal insulation materials is mainly driven by residential construction projects, as well as smaller-scale industrial developments. Although it currently holds a smaller market share compared to other regions, the Southern Region is experiencing gradual economic development and infrastructure improvement. The ongoing efforts to develop the region’s urban areas and increase energy efficiency are expected to boost the demand for insulation materials in the coming years, making it an important area for market expansion.

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Key Player Analysis

BASF SE
Asahi Kasei Corporation
Saint Gobain SA
Recticel
Kingspan Group
Rockwool International A/S
Owens Corning
Knauf Insulation
Evonik
I. du Pont de Nemours and Company
Berkshire Hathaway (Johns Manville)
Bayer AG
Dow Chemicals Company
Company 15
Others

Competitive Analysis

The KSA thermal insulation material market is highly competitive, with several leading players driving innovation and growth. Key players such as BASF SE, Asahi Kasei Corporation, Saint Gobain SA, Recticel, Kingspan Group, Rockwool International A/S, Owens Corning, Knauf Insulation, Evonik, E. I. du Pont de Nemours and Company, Berkshire Hathaway (Johns Manville), Bayer AG, and Dow Chemicals Company dominate the market with their diverse product portfolios. These companies are focused on expanding their market share through product development, strategic partnerships, and regional expansion. For instance, companies like BASF SE have developed innovative insulation materials such as SLENTITE, a high-performance, polyurethane-based aerogel insulation panel that requires less space than conventional materials, enhancing energy efficiency in buildings. Companies focus on innovation, providing solutions that improve energy efficiency and sustainability in buildings. Many market leaders are investing heavily in research and development to introduce high-performance insulation materials, such as spray foam, reflective coatings, and advanced fiber-based products, catering to the growing demand for energy-efficient and eco-friendly solutions. The focus on sustainability is driving companies to explore alternative and green materials that align with the government’s emphasis on reducing energy consumption. Strategic partnerships and regional expansions are key strategies employed by leading players to strengthen their positions in the market. By establishing strong distribution networks and leveraging local manufacturing capabilities, companies can meet the diverse needs of the construction and industrial sectors across the Kingdom. Moreover, the increasing demand for thermal insulation in high-temperature applications, particularly within the industrial sector, has led to the development of specialized materials with enhanced heat resistance and durability. As urbanization accelerates, the competition is expected to intensify, prompting companies to further innovate and offer tailored solutions that meet the evolving needs of the KSA market.

Recent Developments

In February 2025,BASF introduced Basotect® EcoBalanced, a melamine resin foam with a reduced Product Carbon Footprint (PCF).
In February 2025,Asahi Kasei is set to present SunForce™, an easy-to-process particle foam for composite foam core applications, at JEC World 2025 in Paris.
In September 2024, Kingspan announced Kyle McEnroe as the Managing Director at Kingspan Insulation North America.
In May 2023, Knauf Insulation GmbH introduced Ominifit slab 32, designed for use in external wall systems of residential buildings and rain-screen facades.

Market Concentration & Characteristics

The KSA thermal insulation material market is moderately concentrated, with a mix of large multinational companies and smaller regional players competing for market share. The market is characterized by high competition and innovation, driven by growing demand for energy-efficient and sustainable building materials. Leading players focus on advancing product offerings, including fiberglass, stone wool, and eco-friendly materials, to meet the diverse needs of residential, commercial, and industrial sectors. The demand for thermal insulation is further fueled by government initiatives promoting energy efficiency and green building practices. While multinational companies leverage economies of scale, robust distribution networks, and advanced technologies, local players often capitalize on regional knowledge and cost-effective solutions. As urbanization and industrialization accelerate, the market is witnessing continued growth, with opportunities for both established firms and new entrants to expand. This dynamic environment reflects the market’s evolution and increasing importance in the Kingdom’s infrastructure development.

Report Coverage

The research report offers an in-depth analysis based on Material Type, Temperature, End-use and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The KSA thermal insulation material market is expected to grow steadily due to increasing urbanization and infrastructure development.
Rising demand for energy-efficient buildings will drive the adoption of advanced insulation materials.
Government regulations and sustainability initiatives will play a crucial role in shaping market dynamics.
Growth in industrial sectors, such as oil, gas, and manufacturing, will fuel demand for high-performance insulation materials.
The market will see a growing shift toward eco-friendly and sustainable insulation solutions.
Technological advancements in insulation materials will lead to better performance and cost-effectiveness.
The residential construction sector will continue to be a key driver of market expansion.
The demand for high-temperature resistant materials will increase in industrial applications.
Key players will focus on expanding regional production and distribution networks to meet local demand.
As awareness of energy-saving technologies increases, market penetration will extend beyond traditional sectors to newer applications.

CHAPTER NO. 1 : INTRODUCTION 17

1.1.1. Report Description 17

Purpose of the Report 17

USP & Key Offerings 17

1.1.2. Key Benefits for Stakeholders 17

1.1.3. Target Audience 18

1.1.4. Report Scope 18

CHAPTER NO. 2 : EXECUTIVE SUMMARY 19

2.1. Thermal Insulation Material Market Snapshot 19

2.1.1. KSA Thermal Insulation Material Market, 2018 – 2032 (USD Million) 20

2.1. Insights from Primary Respondents 20

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 21

3.1. Russia-Ukraine and Israel-Palestine War Impacts 21

CHAPTER NO. 4 : THERMAL INSULATION MATERIAL MARKET – INDUSTRY ANALYSIS 22

4.1. Introduction 22

4.2. Market Drivers 23

4.2.1. Driving Factor 1 Analysis 23

4.2.2. Driving Factor 2 Analysis 24

4.3. Market Restraints 25

4.3.1. Restraining Factor Analysis 25

4.4. Market Opportunities 26

4.4.1. Market Opportunity Analysis 26

4.5. Porter’s Five Force analysis 27

4.6. Value Chain Analysis 28

4.7. Buying Criteria 29

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 30

5.1. Company Market Share Analysis – 2023 30

5.1.1. KSA Thermal Insulation Material Market: Company Market Share, by Revenue, 2023 30

5.1.2. KSA Thermal Insulation Material Market: Top 6 Company Market Share, by Revenue, 2023 30

5.1.3. KSA Thermal Insulation Material Market: Top 3 Company Market Share, by Revenue, 2023 31

5.2. KSA Thermal Insulation Material Market Company Revenue Market Share, 2023 32

5.3. Company Assessment Metrics, 2023 33

5.3.1. Stars 33

5.3.2. Emerging Leaders 33

5.3.3. Pervasive Players 33

5.3.4. Participants 33

5.4. Start-ups /Automotive Assessment Metrics, 2023 33

5.4.1. Progressive Companies 33

5.4.2. Responsive Companies 33

5.4.3. Dynamic Companies 33

5.4.4. Starting Blocks 33

5.5. Strategic Developments 34

5.5.1. Acquisitions & Mergers 34

New Temperature Range Launch 34

Regional Expansion 34

5.6. Key Players Temperature Range Matrix 35

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 36

6.1. PESTEL 36

6.1.1. Political Factors 36

6.1.2. Economic Factors 36

6.1.3. Social Factors 36

6.1.4. Technological Factors 36

6.1.5. Environmental Factors 36

6.1.6. Legal Factors 36

6.2. Adjacent Market Analysis 36

CHAPTER NO. 7 : THERMAL INSULATION MATERIAL MARKET – BY MATERIAL TYPE SEGMENT ANALYSIS 37

7.1. Thermal Insulation Material Market Overview, by Material Type Segment 37

7.1.1. Thermal Insulation Material Market Revenue Share, By Material Type, 2023 & 2032 38

7.1.2. Thermal Insulation Material Market Attractiveness Analysis, By Material Type 39

7.1.3. Incremental Revenue Growth Opportunity, by Material Type, 2024 – 2032 39

7.1.4. Thermal Insulation Material Market Revenue, By Material Type, 2018, 2023, 2027 & 2032 40

7.2. Fiberglass 41

7.3. Stone Wool 42

7.4. Foam 43

7.5. Wood Fiber 44

CHAPTER NO. 8 : THERMAL INSULATION MATERIAL MARKET – BY TEMPERATURE RANGE SEGMENT ANALYSIS 45

8.1. Thermal Insulation Material Market Overview, by Temperature Range Segment 45

8.1.1. Thermal Insulation Material Market Revenue Share, By Temperature Range, 2023 & 2032 46

8.1.2. Thermal Insulation Material Market Attractiveness Analysis, By Temperature Range 47

8.1.3. Incremental Revenue Growth Opportunity, by Temperature Range, 2024 – 2032 47

8.1.4. Thermal Insulation Material Market Revenue, By Temperature Range, 2018, 2023, 2027 & 2032 48

8.2. 0-100 °C 49

8.3. 100-500°C 50

8.4. 500°C and above 51

CHAPTER NO. 9 : THERMAL INSULATION MATERIAL MARKET – BY END-USE INDUSTRY SEGMENT ANALYSIS 52

9.1. Thermal Insulation Material Market Overview, by End-use Industry Segment 52

9.1.1. Thermal Insulation Material Market Revenue Share, By End-use Industry, 2023 & 2032 53

9.1.2. Thermal Insulation Material Market Attractiveness Analysis, By End-use Industry 54

9.1.3. Incremental Revenue Growth Opportunity, by End-use Industry, 2024 – 2032 54

9.1.4. Thermal Insulation Material Market Revenue, By End-use Industry, 2018, 2023, 2027 & 2032 55

9.2. Construction 56

9.3. Automotive 57

9.4. HVAC 58

9.5. Industrial 59

9.6. Others 60

CHAPTER NO. 10 : THERMAL INSULATION MATERIAL MARKET – KSA 61

10.1. KSA 61

10.1.1. Key Highlights 61

10.2. Material Type 62

10.3. KSA Thermal Insulation Material Market Revenue, By Material Type, 2018 – 2023 (USD Million) 62

10.4. KSA Thermal Insulation Material Market Revenue, By Material Type, 2024 – 2032 (USD Million) 62

10.5. Temperature Range 63

10.6. KSA Thermal Insulation Material Market Revenue, By Temperature Range, 2018 – 2023 (USD Million) 63

10.6.1. KSA Thermal Insulation Material Market Revenue, By Temperature Range, 2024 – 2032 (USD Million) 63

10.7. End-use Industry 64

10.7.1. KSA Thermal Insulation Material Market Revenue, By End-use Industry, 2018 – 2023 (USD Million) 64

10.7.2. KSA Thermal Insulation Material Market Revenue, By End-use Industry, 2024 – 2032 (USD Million) 64

CHAPTER NO. 11 : COMPANY PROFILES 65

11.1. BASF SE 65

11.1.1. Company Overview 65

11.1.2. Temperature Range Portfolio 65

11.1.3. Swot Analysis 65

11.1.4. Business Strategy 66

11.1.5. Financial Overview 66

11.2. Asahi Kasei Corporation 67

11.3. Saint Gobain SA 67

11.4. Recticel 67

11.5. Kingspan Group 67

11.6. Rockwool International A/S 67

11.7. Owens Corning 67

11.8. Knauf Insulation 67

11.9. Evonik 67

11.10. E. I. du Pont de Nemours and Company 67

11.11. Berkshire Hathway (Johns Manville) 67

11.12. Bayer AG 67

11.13. Dow Chemicals Company 67

11.14. Company 15 67

11.15. Others 67

List of Figures

FIG NO. 1. KSA Thermal Insulation Material Market Revenue, 2018 – 2032 (USD Million) 20

FIG NO. 2. Porter’s Five Forces Analysis for KSA Thermal Insulation Material Market 27

FIG NO. 3. Value Chain Analysis for KSA Thermal Insulation Material Market 28

FIG NO. 4. Company Share Analysis, 2023 30

FIG NO. 5. Company Share Analysis, 2023 30

FIG NO. 6. Company Share Analysis, 2023 31

FIG NO. 7. Thermal Insulation Material Market – Company Revenue Market Share, 2023 32

FIG NO. 8. Thermal Insulation Material Market Revenue Share, By Material Type, 2023 & 2032 38

FIG NO. 9. Market Attractiveness Analysis, By Material Type 39

FIG NO. 10. Incremental Revenue Growth Opportunity by Material Type, 2024 – 2032 39

FIG NO. 11. Thermal Insulation Material Market Revenue, By Material Type, 2018, 2023, 2027 & 2032 40

FIG NO. 12. KSA Thermal Insulation Material Market for Fiberglass, Revenue (USD Million) 2018 – 2032 41

FIG NO. 13. KSA Thermal Insulation Material Market for Stone Wool, Revenue (USD Million) 2018 – 2032 42

FIG NO. 14. KSA Thermal Insulation Material Market for Foam, Revenue (USD Million) 2018 – 2032 43

FIG NO. 15. KSA Thermal Insulation Material Market for Wood Fiber, Revenue (USD Million) 2018 – 2032 44

FIG NO. 16. Thermal Insulation Material Market Revenue Share, By Temperature Range, 2023 & 2032 46

FIG NO. 17. Market Attractiveness Analysis, By Temperature Range 47

FIG NO. 18. Incremental Revenue Growth Opportunity by Temperature Range, 2024 – 2032 47

FIG NO. 19. Thermal Insulation Material Market Revenue, By Temperature Range, 2018, 2023, 2027 & 2032 48

FIG NO. 20. KSA Thermal Insulation Material Market for 0-100 °C, Revenue (USD Million) 2018 – 2032 49

FIG NO. 21. KSA Thermal Insulation Material Market for 100-500°C, Revenue (USD Million) 2018 – 2032 50

FIG NO. 22. KSA Thermal Insulation Material Market for 500°C and above, Revenue (USD Million) 2018 – 2032 51

FIG NO. 23. Thermal Insulation Material Market Revenue Share, By End-use Industry, 2023 & 2032 53

FIG NO. 24. Market Attractiveness Analysis, By End-use Industry 54

FIG NO. 25. Incremental Revenue Growth Opportunity by End-use Industry, 2024 – 2032 54

FIG NO. 26. Thermal Insulation Material Market Revenue, By End-use Industry, 2018, 2023, 2027 & 2032 55

FIG NO. 27. KSA Thermal Insulation Material Market for Construction, Revenue (USD Million) 2018 – 2032 56

FIG NO. 28. KSA Thermal Insulation Material Market for Automotive, Revenue (USD Million) 2018 – 2032 57

FIG NO. 29. KSA Thermal Insulation Material Market for HVAC, Revenue (USD Million) 2018 – 2032 58

FIG NO. 30. KSA Thermal Insulation Material Market for Industrial, Revenue (USD Million) 2018 – 2032 59

FIG NO. 31. KSA Thermal Insulation Material Market for Others, Revenue (USD Million) 2018 – 2032 60

FIG NO. 32. KSA Thermal Insulation Material Market Revenue, 2018 – 2032 (USD Million) 61

List of Tables

TABLE NO. 1. : KSA Thermal Insulation Material Market: Snapshot 19

TABLE NO. 2. : Drivers for the Thermal Insulation Material Market: Impact Analysis 23

TABLE NO. 3. : Restraints for the Thermal Insulation Material Market: Impact Analysis 25

TABLE NO. 4. : KSA Thermal Insulation Material Market Revenue, By Material Type, 2018 – 2023 (USD Million) 62

TABLE NO. 5. : KSA Thermal Insulation Material Market Revenue, By Material Type, 2024 – 2032 (USD Million) 62

TABLE NO. 6. : KSA Thermal Insulation Material Market Revenue, By Temperature Range, 2018 – 2023 (USD Million) 63

TABLE NO. 7. : KSA Thermal Insulation Material Market Revenue, By Temperature Range, 2024 – 2032 (USD Million) 63

TABLE NO. 8. : KSA Thermal Insulation Material Market Revenue, By End-use Industry, 2018 – 2023 (USD Million) 64

TABLE NO. 9. : KSA Thermal Insulation Material Market Revenue, By End-use Industry, 2024 – 2032 (USD Million) 64

Frequently Asked Questions

What is the current size of the KSA Thermal Insulation Material market?

The KSA Thermal Insulation Material market was valued at USD 0.13 million in 2023 and is projected to reach USD 0.17 million by 2032, growing at a CAGR of 2.68% during the forecast period (2023-2032).

What factors are driving the growth of the KSA Thermal Insulation Material market?

The market is driven by the rising demand for energy-efficient solutions in construction and industrial applications, government initiatives like Saudi Vision 2030, increasing construction activities, and the growing focus on reducing energy consumption and carbon footprints. The adoption of eco-friendly and high-performance insulation materials further fuels market expansion.

What are the key segments within the KSA Thermal Insulation Material market?

The market is segmented based on:
• Material Type: Fiberglass, Stone Wool, Foam, and Wood Fiber
• Temperature Range: 0-100°C, 100-500°C, 500°C and above
• End-use: Construction, Automotive, HVAC, Industrial, and Others
• Geography: Central, Eastern, Western, and Southern Regions

Who are the major players in the KSA Thermal Insulation Material market?

Key players include BASF SE, Saint Gobain SA, Kingspan Group, Rockwool International A/S, Owens Corning, Knauf Insulation, Evonik, E. I. du Pont de Nemours and Company, Berkshire Hathaway (Johns Manville), Bayer AG, and Dow Chemicals Company. These companies focus on innovative insulation solutions and expanding their presence in the Kingdom.

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