Posted by IMARC Group, a leading market research company, has recently releases report titled “GCC Gypsum Board Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The GCC gypsum board market size reached US$ 1,557 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,134 Million by 2028, exhibiting a growth rate (CAGR) of 5.20% during 2023-2028.
Gypsum board, also known as drywall or plasterboard, is a widely used building material in the construction industry. It consists of a core of gypsum that is sandwiched between layers of paper or other materials. Gypsum board offers several advantages in terms of ease of installation, fire resistance, soundproofing, and versatility in interior finishing. It is lightweight and can be easily cut and shaped, which allows for efficient and quick installation. It is available in various sizes and thicknesses to suit different construction requirements. It is widely used in the interiors of homes, offices, schools, shops, factories, and airports across the GCC region.
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Key factors affecting the growth prospects and trends in the GCC Gypsum Board Industry:
Increasing investments in the up-gradation of existing infrastructure and the development of commercial and residential complexes with innovative designs represent one of the primary factors driving the demand for gypsum boards in the GCC region. This can also be attributed to the shifting consumer preferences towards green and sustainable buildings due to the rising environmental awareness among the masses in the region. In addition, several initiatives undertaken by governing authorities in the region to minimize carbon footprints are catalyzing the use of eco-friendly gypsum boards. Apart from this, extensive research and development (R&D) activities are being undertaken by key players operating in the region to introduce exceptional and innovative products.
Who are the key players operating in the industry?
- 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
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
- Wallboard
- Ceiling Board
- Pre-Decorated Board
- Others
End Use Insights:
- Residential
- Corporate
- Commercial
- Institutional
Country Insights:
- United Arab Emirates
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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