GCC Gypsum Board Market

Market Overview:

The GCC gypsum board market size reached US$ 1,641.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,476.9 Million by 2032, exhibiting a growth rate (CAGR) of 4.54% during 2024-2032. The increasing construction and infrastructure development in the region, the implementation of favorable government initiatives, and the demand for visually appealing interiors in residential and commercial buildings represent some of the key factors driving the market.

Gypsum board, also known as drywall, plasterboard, or wallboard, is a widely used construction material for interior walls, ceilings, and partitions. It is made primarily from gypsum, a mineral that is found in nature as a soft and white rock. The core is made by grinding and calcining natural gypsum, which is then mixed with additives such as starch, foaming agents, and accelerators to improve its properties. There are different types of gypsum boards designed for specific applications. Some common types include standard gypsum board, moisture-resistant board, fire-resistant board, impact-resistant board, and soundproof board. Gypsum boards are relatively lightweight and easy to install and offer inherent fire resistance due to the presence of water molecules within the gypsum core. They also provide a smooth and even surface that can be easily finished with paint, wallpaper, or other decorative materials. As a result, gypsum boards are widely used in residential, commercial, and industrial construction projects as a preferred choice for creating interior walls, ceilings, and partitions.

GCC Gypsum Board Market Trends:

The market is primarily driven by the increasing construction and infrastructure development across GCC countries. Gypsum boards are widely used in construction projects for interior walls, ceilings, partitions, and other applications. In addition, governments in the GCC region are introducing various initiatives and investment plans to promote infrastructure development, affordable housing, and tourism. These initiatives often involve the construction of residential, commercial, and industrial buildings, creating a significant demand for gypsum boards. Besides this, the growing emphasis on sustainable construction practices is also contributing to market growth. Gypsum boards offer several eco-friendly benefits such as low carbon emissions, recyclability, and energy efficiency. Moreover, the escalating demand for visually appealing interiors in residential and commercial buildings is escalating the demand for gypsum boards as they provide flexibility in design, allowing architects and interior designers to create various shapes, patterns, and textures. Furthermore, the GCC region has witnessed a surge in renovation and remodeling projects, particularly in the residential sector. Gypsum boards are widely used for renovating interiors, such as partition walls, false ceilings, and decorative elements. This, coupled with the rising disposable incomes of individuals, are creating a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the GCC gypsum board market, along with forecasts at the country levels from 2024-2032. Our report has categorized the market based on product type and end use.

Product Type Insights:

• Wallboard
• Ceiling Board
• Pre-Decorated Board
• Others
   

The report has provided a detailed breakup and analysis of the GCC gypsum board market based on the product type. This includes wallboard, ceiling board, pre-decorated board, and others. According to the report, wallboard represented the largest segment.

End Use Insights:

• Residential
• Corporate
• Commercial
• Institutional
   

A detailed breakup and analysis of the GCC gypsum board market based on end use has also been provided in the report. This includes residential, corporate, commercial, and institutional. According to the report, residential accounted for the largest market share.

Country Insights:

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

The report has also provided a comprehensive analysis of all the major markets in GCC, which include the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain. According to the report, the United Arab Emirates was the largest market for gypsum board. Some of the factors driving the United Arab Emirates gypsum board market included the increasing construction activities, escalating demand for appealing interior designs, and rising infrastructural development.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the GCC gypsum board market. Detailed profiles of all major companies have been provided. Some of the companies covered include AYHACO Gypsum Products Manufacturing, Global Gypsum Co. LLC, Gypsemna Co. LLC, Knauf LLC (Knauf Gips KG), Mada Gypsum Company, National Gypsum Company, Saint-Gobain (Gyproc), United Mining Industries, USG Boral Middle East, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the GCC gypsum board market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the GCC gypsum board market?
• What is the impact of each driver, restraint, and opportunity on the GCC gypsum board market?
• What is the breakup of the market based on the product type?
• Which is the most attractive product type in the GCC gypsum board market?
• What is the breakup of the market based on the end use?
• Which is the most attractive end use in the GCC gypsum board market?
• What is the competitive structure of the GCC gypsum board market?
• Who are the key players/companies in the GCC gypsum board market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the GCC gypsum board market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the GCC gypsum board market.
• The study maps the leading, as well as the fastest-growing, regional markets.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the GCC gypsum board industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.