NEW YORK, June 23, 2016 /PRNewswire/ --
Over the years, the average temperature of earth has risen sharply. As a result, there is an ongoing effort to promote energy efficient products and technologies. Global warming has triggered the need for technologies such as thermal insulation. Countries with extreme weather condition consume a large amount of electricity for air-conditioning. Thermal Insulation plays a vital role in reducing the air-conditioning load by providing a shield to the building from the sun rays which are directly falling over it. Thermal insulation is widely used in construction industry and its end customers include residential houses, commercial buildings such as shopping complexes, manufacturing units, office buildings etc. Owing to the growing environmental concerns and extreme weather conditions in regions such as gulf countries, there is increased adoption of thermal insulation.
GCC Thermal Insulation Market: Drivers and Restraints
The growing adoption of energy efficient technologies in order to reduce the effect of rising global temperature due to greenhouse gases emission have propelled the growth for thermal insulation market. In addition to this, the GCC countries consume a large amount of electricity for air conditioning in residential and commercial complexes due to the hot weather condition resulting in high electricity bill. This would drive the need for adopting thermal insulation to reduce the operating cost of air conditioning. However, the general perception of builders of considering the cost of thermal insulation as an additional overhead cost serves as a restraint in the growth of thermal insulation market.
GCC Thermal Insulation Market: Segmentation
The GCC Thermal Insulation market is segmented on the basis of Application, Type and Country.
Based on Application, the GCC Thermal Insulation Market is segmented into the following:
Based on Type, the GCC Thermal Insulation Market is segmented into the following:
- Polyurethane Foam
- Mineral Wool
GCC Thermal Insulation Market: Overview
The GCC Thermal Insulation Market is anticipated to grow at a steady rate during 2016-2021, on account of increasing temperature, rapid growth of residential and commercial sector and government's policies to promote energy efficient products and technologies. Countries such as Saudi Arabia and UAE are laying emphasis on making thermal insulation mandatory at residential and commercial units in a bid to reduce rising energy consumption. Additionally, the reducing cost of thermal insulation materials would further encourage the demand for thermal insulation.
GCC Thermal Insulation Market: Country-wise Outlook
At present, Saudi Arabia is the leading country in the GCC thermal Insulation Market, followed by UAE and Kuwait. Saudi Arabia, due to its vast population and geographical size would continue to drive the demand for thermal insulation. GCC nations have one of the highest per capita energy consumption in the world due to which the GCC countries are focussing on promoting the usage of thermal insulation in order to reduce their per-capita energy consumption.
GCC Thermal Insulation Market: Key Players
Key players in the GCC Thermal Insulation Market are Rockwool Saudi Arabia, Honeywell, Bear Pearl, Amarcell Zamil Middle East Co. Ltd., Dow Polyurethane etc.
The report covers exhaustive analysis on:
- Market Size
- Market Segmentation
- Innovations and Technological Advancements
- Market Dynamics (Market Drivers & Challenges)
- Market Trends & Developments
- Competition & Companies involved
"GCC Thermal Insulation Market Forecast & Opportunities, 2021" has analyzed the potential of the GCC Thermal Insulation market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers and key challenges faced by the industry.
- GCC Thermal Insulation Market Size, Share & Forecast
- Segmental Analysis - By Application, Country, Type and & Company
- Market Dynamics
- Market Attractiveness Index
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
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