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.
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
Kingspan Holdings Ltd.
Compagnie de Saint-Gobain S.A.
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.
KEY MARKET SEGMENTS
United Arab Emirates (UAE)
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Market dynamics
188.8.131.52. Growing demand from nonresidential construction sector
184.108.40.206. Rise in popularity of energy-efficient building systems
220.127.116.11. Advantages of using extruded polystyrene insulation materials over other reinforcement materials
18.104.22.168. Environment issues regarding the presence of toxic chemicals in extruded polystyrene insulation materials systems
22.214.171.124. Increasing use of CO2 as a foaming agent
3.4. Regulation analysis
3.5. Patent analysis
3.5.1. Patent analysis, by year, 2000-2015
3.5.2. Patent analysis, by company, 2000-2015
3.6. Porter's five forces analysis
3.6.1. Bargaining power of supplier
3.6.2. Bargaining power of buyers
3.6.3. Threat of substitution
3.6.4. Threat of new entrants
3.6.5. Intensity of competitive rivalry
3.7. Market share analysis, 2016 (%)
3.8. GCC extruded polystyrene insulation materials market overview
CHAPTER 4: GCC EXTRUDED POLYSTYRENE INSULATION MATERIALS MARKET, BY APPLICATION
4.1.1. Market size and forecast
4.2. Residential construction
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. Nonresidential construction
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
CHAPTER 5: GCC EXTRUDED POLYSTYRENE INSULATION MATERIALS MARKET, BY COUNTRY
5.1.1. Market size and forecast
5.2. United Arab Emirates (UAE)
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.3. Saudi Arabia
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast
CHAPTER 6: COMPANY PROFILES
6.1. Emirates Extruded Polystyrene LLC
6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Operating business segments
6.1.4. Key strategic moves and developments
6.1.5. SWOT analysis
6.2. BASF SE
6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Operating business segments
6.2.4. Business performance
6.2.5. SWOT analysis
6.3. Compagnie De Saint-Gobain S.A.
6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Operating business segments
6.3.4. SWOT analysis
6.4. Electronic & Engineering Industries Co. LLC (EEI)
6.4.1. Company overview
6.4.2. Operating business segments
6.4.3. SWOT analysis
6.5. Isofoam Engineering Products LLC
6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. SWOT analysis
6.6. Kingspan Holdings Limited
6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Business performance
6.6.5. SWOT analysis
6.7. National Polystyrene Packaging Factory LLC
6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments
6.7.4. SWOT analysis
6.8. Styrene Insulation Industry
6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segment
6.8.4. SWOT analysis
6.9. Styro Insulation Material Ind. (LLC)
6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segment
6.9.4. SWOT analysis
6.10. Thermal Insulation Contracting LLC
6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Operating business segments
6.10.4. SWOT analysis
Extruded polystyrene (XPS) insulation material provides exceptional long-term strength, durability, and resistance to moisture. It is commonly used for below-grade waterproofing and roof systems, where insulation is placed over the roof membrane. XPS foam sheathing provides insulating value to the entire wall area and reduces air leakage through walls on proper installation. This in turn improves energy efficiency and comfort. Moreover, XPS foam is advantageous to use over other insulating materials, owing to its ability to assist with moisture management, being resistant to both water absorption and freeze/thaw cycles.
The growth of GCC extruded polystyrene insulation materials industry is driven by surge in demand for XPS from the nonresidential construction sector, emerging popularity of energy-efficient building systems, and benefits of using XPS over other reinforcement materials. However, environmental issues regarding the presence of toxic chemicals in XPS material systems could hamper the market growth. Increase in R&D activities to produce high-quality XPS without the use of greenhouse gases as foaming agents is projected to provide potential growth opportunities for the market in the near future.
The residential construction segment is projected to grow at the highest CAGR throughout the forecast period. The nonresidential segment accounted for more than 50% share in 2016, owing to the increase in demand for insulated commercial buildings. Nonresidential construction includes retail stores, commercial offices, factories, warehouses, power stations, cold stores, food processing plants, telecom shelters, and public institutions such as schools and hospitals.
Key Findings of the GCC Extruded Polystyrene Insulation Materials Market
In 2016, UAE contributed the maximum revenue to the GCC extruded polystyrene insulation materials market, accounting for more than 53.2% share.
Bahrain is expected to register the highest CAGR of 8.3% from 2017 to 2023.
The residential construction segment accounted for approximately 43.6% share of the overall market in 2016, and is expected to grow at a CAGR of 6.4% from 2017 to 2023.
The key players profiled in the report are 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., and Compagnie de Saint-Gobain S.A.