NEW YORK, September 26, 2016 /PRNewswire/ --
Extreme climatic conditions, favourable government policies
and growing construction industry to propel GCC thermal insulation
market over the next five years
According to a recently published TechSci Research report
"GCC Thermal Insulation Market By Type, By
Application, By Country, Competition Forecast and Opportunities,
2011 - 2021", the thermal insulation
market of the GCC region is projected to cross $975 Million by 2021. As of 2015, construction
projects worth USD1.30 trillion are
in the pipeline in the GCC region. With increasing investments in
construction of projects pertaining to sectors such as power, oil
& gas, chemicals, etc., the demand for thermal insulation in
the region is expected to grow at a healthy pace during
2016-2021.
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Browse 33 market data Tables and 42
Figures spread through 177 Pages and an
in-depth TOC on " GCC Thermal Insulation
Market"
https://www.techsciresearch.com/report/gcc-thermal-insulation-market-by-application-residential-commercial-industrial-by-type-fiberglass-polyurethane-foam-mineral-wool-others-forecast-opportunities-2021/699.html
Owing to limited natural water resources, the GCC nations are
heavily dependent on water desalination to cater the growing demand
for water. Since the demand for water has outstripped the
availability in the GCC region, desalination of seawater provides a
substantial portion of the region's fresh water needs. In 2014,
desalination plants in the region have a total capacity of over 26
million cubic metre of water per day, which is equivalent to 36% of
global capacity in the same year. As desalination consumes
considerable amounts of energy, extensive thermal insulation is
required on appliances and piping, thereby aiding its market in the
GCC region.
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Saudi Arabia dominated the GCC
thermal insulation market during 2011-2015, and the same trend is
anticipated to continue over the next five years as well. Saudi
Arabian government plans to build around 5,00,000 housing units in
the country over the next five years by investing around
USD68 billion to ease housing
shortage in the country. Further, ongoing commercial constructions
like King Abdul-Aziz International Airport are expected to drive
the demand for thermal insulation in the Kingdom through 2021.
Fiberglass was the most preferred type of thermal insulation
material in the GCC region in 2015.
"Per capita electricity consumption of the GCC nations is higher
than the world average. Over the next few years, GCC nations are
anticipated to emerge as the world leaders, in terms of per capita
energy consumption. Oman, which
accounts for the least per capita electricity consumption among the
GCC nations, has almost twice the global average of per capita
electricity consumption. The ability to reduce the energy flow
across another material makes thermal insulation the key measure
for energy saving.", said Mr. Karan
Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
Per Capita Electricity Consumption
of GCC Countries, 2015 (Megawatt-hour Per
Person)
Per Capita Electricity
Consumption (Megawatt-hour Per
Country Person)
Saudi Arabia 9.2
UAE 10.6
Kuwait 15.9
Qatar 15
Oman 6.4
Bahrain 18.5
"GCC Thermal Insulation Market By Type, By
Application, By Country, Competition Forecast and Opportunities,
2011 - 2021", has evaluated the future
growth potential of GCC thermal insulation market and provided
statistics and information on market structure, industry behaviour
and trends. The report includes market projections and demand
forecasting. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes
emerging trends along with essential drivers, challenges and
opportunities available in GCC thermal insulation market.
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