A brief overview of GCC Extruded Polystyrene Insulation Materials Marke is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography
The GCC extruded polystyrene insulation materials market was valued at $80.5 million in 2016, which is expected to grow at a CAGR of 6.0 from 2017 to 2023 to reach $119.9 million by 2023. Extruded polystyrene (XPS) is a polystyrene foam obtained through the extrusion process.
XPS systems use air as an insulating material, and form a closely packed structure that exhibits excellent moisture-resistant property. The manufacturing process of XPS includes melting of polystyrene, which is then fed into an extruder along with special additives and blowing agents.
Moreover, the efficiency of an insulation XPS system depends on its thickness and installation technique.
Higher construction spending, increase in popularity of energy-efficient building systems, and surge in demand for insulation against high temperatures from the residential sector drive the insulation XPS market. However, fluctuating prices of raw material and issues regarding presence of toxic chemicals in XPS insulation material systems are expected to hinder the market growth.
Nonetheless, manufacture of XPS without the use of fluorochlorohydrocarbons is expected to provide lucrative opportunities for market expansion.
The GCC extruded polystyrene insulation materials market is segmented on the basis of application and country. Based on application, the market is divided into residential construction and nonresidential construction.
On the basis of country, it is analyzed across UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Kuwait.
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Comprehensive competitive analysis and profiles of the major players included are as follows:
- Styro Insulation Material Ind. (LLC)
- Isofoam Engineering Products
- National Polystyrene Packaging Factory LLC
- Emirates Extruded Polystyrene LLC
- Electronic & Engineering Industries Co. LLC (EEI)
- Styrene Insulation Industry
- Thermal Insulation Contracting LLC
- BASF SE
- Kingspan Holdings Ltd.
- Compagnie de Saint-Gobain S.A.
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