Product Code: ETC042979 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia mineral fiber market size is projected to reach USD 477.4 million by 2031 owing to the growing demand for acoustic insulation in residential and commercial buildings. Mineral fibers are widely used for thermal, acoustic insulation, and fire protection solutions. The rising construction activities in the country as a result of government initiatives towards infrastructure development would further propel industry growth over the forecast period (2025-2031). Increasing investments in residential projects along with increasing disposable income would also contribute towards driving market expansion over the forecast period. In addition, stringent regulations regarding thermal & sound insulation coupled with increasing awareness about energy efficiency has resulted in increased demand for these products across Saudi Arabia region. Rising infrastructural development activities such as airports, railways stations etc., have further led to an increase consumption of mineral fiber products in interior ceiling applications such as wall partitions and false ceilings among others which will supplement this market growth during forecasting horizon from 2025-2031. Furthermore growing demand from automotive sector on account of increased production base will further fuel industry growth over next few years..
Increasing number of construction projects due to favorable industrial policies by government including tax exemptions and low interest loans has been one of key factor propelling Saudi Arabia mineral fiber market growth . Government initiative towards developing smart cities along with expanding tourism sector would create lucrative opportunities for industry participants operating in this space over upcoming years . Further housing policy reforms set up by ministry such as rent control system and loan schemes are expected to drive demand for building materials including mineral fibers products which will augment regional product consumption rate during forecast timeframe 2025-2031 . Strict regulations regarding sound & heat insulation conducted at national level together with implementation of various green building codes aimed at reducing negative environmental impacts resulting from excessive energy utilization is another major factor contributing towards regional product penetration rate from 2025 till 2031 . Moreover introduction of sustainable technologies focused on improving overall performance while minimizing ecological footprint is anticipated to actuate regional product sales during forecast timeframe.
However, fluctuating prices of raw material may act as a major restraint on the growth of this market during the forecast period. Moreover, stringent regulations imposed by governments regarding hazardous emissions produced while manufacturing these products may also limit their use in certain applications and hence restrain overall market expansion during 2025-2031.
However, COVID-19 has had an adverse effect on the market as it has disrupted supply chains and caused delays in project completion or implementation due to lockdown measures imposed by governments worldwide. This has led to lower sales revenue for manufacturers and suppliers across industries including mineral fiber manufacturers operating in Saudi Arabia, thus presenting a significant restraint on its growth prospects during 2025-2031.
The key players operating in Saudi Arabia Mineral Fiber Market include Owens Corning(US), Knauf Insulation (Germany), Saint-Gobain (France), Rockwool International A/S (Denmark). Asahi Kasei Corporation (Japan) , Johns Manville Corp.(US), Unifrax LLC (US).
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Mineral Fiber Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Mineral Fiber Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Mineral Fiber Market - Industry Life Cycle |
3.4 Saudi Arabia Mineral Fiber Market - Porter's Five Forces |
3.5 Saudi Arabia Mineral Fiber Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Saudi Arabia Mineral Fiber Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Saudi Arabia Mineral Fiber Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.8 Saudi Arabia Mineral Fiber Market Revenues & Volume Share, By Building Type, 2021 & 2031F |
4 Saudi Arabia Mineral Fiber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction activities and infrastructure development in Saudi Arabia leading to increased demand for mineral fiber products. |
4.2.2 Rising awareness about the benefits of mineral fiber products such as thermal insulation, sound absorption, and fire resistance. |
4.2.3 Government initiatives promoting sustainable and energy-efficient building materials in the construction sector. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of mineral fiber products. |
4.3.2 Intense competition from alternative materials like fiberglass and foam insulation. |
4.3.3 Economic fluctuations and geopolitical uncertainties affecting investment in construction projects. |
5 Saudi Arabia Mineral Fiber Market Trends |
6 Saudi Arabia Mineral Fiber Market, By Types |
6.1 Saudi Arabia Mineral Fiber Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Glasswool, 2021-2031F |
6.1.4 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Stonewool, 2021-2031F |
6.1.5 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Rockwool, 2021-2031F |
6.1.6 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Slagwool, 2021-2031F |
6.1.7 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Glass Filaments, 2021-2031F |
6.1.8 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Ceramic Fibres, 2021-2031F |
6.2 Saudi Arabia Mineral Fiber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Thermal Insulation, 2021-2031F |
6.2.3 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Acoustic Insulation, 2021-2031F |
6.2.4 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Fire Protection, 2021-2031F |
6.2.5 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Others, 2021-2031F |
6.3 Saudi Arabia Mineral Fiber Market, By End-Users |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Ceiling boards, 2021-2031F |
6.3.3 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Blankets, 2021-2031F |
6.3.4 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Panels and Tiles, 2021-2031F |
6.3.5 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Others, 2021-2031F |
6.4 Saudi Arabia Mineral Fiber Market, By Building Type |
6.4.1 Overview and Analysis |
6.4.2 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Saudi Arabia Mineral Fiber Market Revenues & Volume, By Public, 2021-2031F |
7 Saudi Arabia Mineral Fiber Market Import-Export Trade Statistics |
7.1 Saudi Arabia Mineral Fiber Market Export to Major Countries |
7.2 Saudi Arabia Mineral Fiber Market Imports from Major Countries |
8 Saudi Arabia Mineral Fiber Market Key Performance Indicators |
8.1 Energy efficiency standards compliance rate in new construction projects. |
8.2 Adoption rate of mineral fiber products in retrofitting and renovation projects. |
8.3 Number of new product developments and innovations in the mineral fiber market. |
8.4 Percentage of construction companies using mineral fiber products in their projects. |
8.5 Rate of growth in the green building sector and its impact on mineral fiber product demand. |
9 Saudi Arabia Mineral Fiber Market - Opportunity Assessment |
9.1 Saudi Arabia Mineral Fiber Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Saudi Arabia Mineral Fiber Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Saudi Arabia Mineral Fiber Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.4 Saudi Arabia Mineral Fiber Market Opportunity Assessment, By Building Type, 2021 & 2031F |
10 Saudi Arabia Mineral Fiber Market - Competitive Landscape |
10.1 Saudi Arabia Mineral Fiber Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Mineral Fiber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |