GCC Extruded Polystyrene Insulation Materials Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 6% - ResearchAndMarkets.com
Jul. 04, 2018
DUBLIN--(BUSINESS WIRE)--Jul 4, 2018--The "GCC Extruded Polystyrene Insulation Materials Market by Application - Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The GCC extruded polystyrene insulation materials market size was valued at $80.5 million in 2016, and is estimated to reach $119.9 million by 2023, registering a CAGR of 6% from 2017 to 2023.
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
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.
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.
Companies Profiled: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.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: GCC Extruded Polystyrene Insulation Materials Market, By Application
Chapter 5: GCC Extruded Polystyrene Insulation Materials Market, By Country
Chapter 6: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/tbc2z7/gcc_extruded?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180704005127/en/
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SOURCE: Research and Markets
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PUB: 07/04/2018 08:07 AM/DISC: 07/04/2018 08:06 AM