GCC Gypsum Board Market

GCC Gypsum Board Market Overview:

The GCC gypsum board market was worth US$ XX Billion in 2023, expanding at a CAGR of X% during 2018-2023. Looking forward, the market is projected to grow at a CAGR of around X% during 2024-2029, reaching a value of US$ XX Billion by 2029. Gypsum board is a construction material used for wall, ceiling, and partition systems. It includes regular, moisture-resistant, mobile, pre-decorated, and fire-resistant boards as standard product tyoes. The gypsum board is manufactured using calcium sulfate dihydrate (gypsum) as the core material with water, additives, and a paper surfacing on the front, back, and long edges. It is a non-combustible material that exhibits excellent thermal properties, impact resistance, sound control, and rigidity. Gypsum board is cost-effective, readily available, and offers versatility and convenience. It also provides smooth and uniform surfaces, enhances aesthetics, and aids in balancing the indoor environment. As a result, they find extensive applications in the residential, commercial, corporate, and industrial establishments.

The significant growth in the construction industry is one of the primary factors driving the market growth in the region. Gypsum board is widely used in various construction activities, such as walls, ceilings, partitions, coverings, a base for external soffits, and as a tile backer in bathrooms, kitchens, basements, and water closets, due to its easy installation, cost-effectiveness, and moisture and fire-resistant properties. In addition to this, increasing investments by several regional governments in infrastructure development and various construction projects, such as residential buildings, hotels, retail spaces, and office buildings, are acting as another growth-inducing factor. Furthermore, the rising product demand due to increasing consumer awareness regarding eco-friendly construction, as it is reusable and reduces carbon dioxide (CO2) emissions, is providing an impetus to the market growth. Additionally, the recent development of high-performance gypsum boards that help improve indoor air quality, enhance sound control between spaces, support sustainability, offer better durability, and provide a high-quality interior finish is positively influencing the market growth. Apart from this, the introduction of made-to-order (MTO) products that reduce wastage at the construction site, increase productivity, and save time, is propelling the market growth. Other factors, including rising consumer expenditure capacities, emerging product recycling trends, and rapid industrialization, are anticipated to drive the market growth.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC gypsum board market and can also impact its future growth. Taking 2023 as the base year, the report covers historical market scenario from 2018-2023 and provides forecasts till 2029. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC gypsum board market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC gypsum board market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC gypsum board market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC gypsum board market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC gypsum board market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC gypsum board market industry. Furthermore, the value chain analysis of the GCC gypsum board market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Gypsum Board Market Segment Insights:

The GCC gypsum board market has been analysed as followed:

Segmentation by Product Type:

• Wallboard
• Ceiling Board
• Pre-decorated Board
• Others

Segmentation by End-Use:

• Residential
• Corporate 
• Commercial
• Institutional

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Gypsum Board Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC gypsum board market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.