Middle East & Africa Thermal Insulation Market

The MEA thermal insulation market is expected to grow from US$ 2,167.53 million in 2022 to US$ 2,704.63 million by 2028. It is estimated to grow at a CAGR of 3.8% from 2022 to 2028.

Expansion of Aerospace Industry in Emerging Economies

The aerospace industry is growing significantly with the rising activities from both the defense and civil aviation sectors. With an increasing demand for large aircraft from emerging economies, and a focus on Powered by Hour Contracts (PBH), many aerospace services and manufacturing activities are expected to be carried out over the coming years. The emerging demand for thermal insulating materials is linked to the expansion of the aerospace industry with advantages such as lower noise and vibration levels during flying hours. The rising usage of composites in commercial aircraft will promote the development of different aerostructures, resulting in significant aerospace industry potential. The growing demand for lightweight insulating materials, combined with the high demand for composite materials from the General Aviation (GA) and business jet industries to reduce cabin noise, is likely to boost the thermal insulation market growth. The enhanced user safety due to the minimal thermal conductivity of materials and growing demand for energy-efficiency boosting products across the region is expected to propel the growth of the market. Additionally, increasing commercial aircraft deliveries, passenger traffic, and adoption of low-cost composite materials is expected to fuel the market growth. The high demand for air transport, declining cost of composite materials, and surging industrialization are also projected to boost the market growth.

Market Overview

The thermal insulation market in the Middle East and Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The rural-to-urban mitigation in the developing countries of the MEA will stimulate building activity in urban areas, which has led to an increased demand for thermal insulation in residential buildings. Further, increased government regulations about the installation of thermal insulation in buildings are driving the growth of the thermal insulation market in the region. For instance, Eskom’s, South Africa’s electric public utility, developed a demand side management (DSM) plan to reduce the growth in the country’s electricity demands. The DSM plan is aimed at managing the residential energy load and encouraging people to use energy-efficient equipment. The installation of thermal insulation will reduce the energy required for electrical heating or cooling, thus supporting Eskom’s DSM. According to General Authority for Statistics (GASTAT), over 35% of the houses in Saudi Arabia have thermal insulation. The Saudi Energy Efficiency Center in 2022 urged citizens to ensure thermal insulation of buildings to save energy. Thermal insulation for buildings is compulsory in Saudi Arabia. The initiatives are aimed at cutting energy costs in the cities, which house 80% of the country’s population. The center stated that the use of thermal insulation materials could cut the electrical energy consumption of air conditioning and heating devices by 30-40%. Thus, the growing initiatives and regulations regarding energy-efficient buildings are driving the demand for thermal insulation across the region. Moreover, the large number of oil refineries present in the Middle East is having a positive impact on the thermal insulation market. In the Middle East, 13 countries have active refineries, with a total refining capacity of 12,145 million barrels per day (mbd) in 2021. Ruwais, Ras Tanura, Bandar Abbas II, Jubail II, and Mina Abdullah are a few of the largest active refineries. By 2026, 18 new refineries are expected to commence operations in the Middle East. Al-Zour, Kuwait; Siraf, Iran; Bandar Jask, Iran; and Duqm I, Oman, are a few of the largest upcoming refineries in the Middle East from 2022 to 2026. Thus, the growing oil & gas industry is providing growth opportunities for the thermal insulation market in the MEA. region.

 MEA Thermal Insulation Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Thermal Insulation Strategic Insights

Strategic insights for the Middle East & Africa Thermal Insulation provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Thermal Insulation Report Scope

Middle East & Africa Thermal Insulation Regional Insights

The geographic scope of the Middle East & Africa Thermal Insulation refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

MEA Thermal Insulation Market Segmentation

The MEA thermal insulation market is segmented based on material type, industry vertical, and country.

• Based on material type, the MEA thermal insulation market is segmented into fiber glass, plastic foam, stone wool, calcium silicate, cellular glass, and others. The fiber glass segment held the largest share of the market in 2022.
• Based on industry vertical, the MEA thermal insulation market is segmented into building and construction, oil and gas, chemical, aerospace and defense, automotive, pharmaceutical, and others. The building and construction segment held the largest share of the market in 2022.
• Based on country, the MEA thermal insulation market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. The Rest of MEA dominated the market in 2022.

Asahi Kasei Corporation, BASF SE, Bayer AG, Dow Chemicals Company, DuPont, Johns Manville, Kingspan Group PLC, Owens Corning, ROCKWOOL A/S, and Saint Gobain S.A. are the leading companies operating in the MEA thermal insulation market.