The modern-day document posted via Report Ocean, titled “GCC Extruded Polystyrene Insulation Materials Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
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 $119.9 million by 2023. Extruded polystyrene (XPS) is a polystyrene foam obtained through the extrusion process. XPS systems use air as an insulating material, and form a closely packed structure that exhibits excellent moisture-resistant property. The manufacturing process of XPS includes melting of polystyrene, which is then fed into an extruder along with special additives and blowing agents. Moreover, the efficiency of an insulation XPS system depends on its thickness and installation technique.
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Higher construction spending, increase in popularity of energy-efficient building systems, and surge in demand for insulation against high temperatures from the residential sector drive the insulation XPS market. However, fluctuating prices of raw material and issues regarding presence of toxic chemicals in XPS insulation material systems are expected to hinder the market growth. Nonetheless, manufacture of XPS without the use of fluorochlorohydrocarbons is expected to provide lucrative opportunities for market expansion.
The GCC extruded polystyrene insulation materials market is segmented on the basis of application and country. Based on application, the market is divided into residential construction and nonresidential construction. On the basis of country, it is analyzed across UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Kuwait.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
The report offers a detailed quantitative analysis of the current trends and future estimations from 2016 to 2023 to identify the prevailing market opportunities in the extruded polystyrene insulation materials industry.
In-depth coverage of the market, including drivers, restraints, and opportunities, helps professionals to understand the market dynamics.
Detailed study of the strategies adopted by key leaders in the market is provided.
Porter’s five forces analysis examines the competitive structure of the market and assists strategists with better decision-making.
Pinpoint analysis of country-wise segments identifies growth opportunities within the market.
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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KEY MARKET SEGMENTS
By Application
Residential construction
Nonresidential construction
By Country
United Arab Emirates (UAE)
Saudi Arabia
Qatar
Oman
Bahrain
Kuwait
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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