Saudi Arabia Gypsum Board Market (2021-2027) | Growth, COVID-19 IMPACT, Share, Size, Revenue, Outlook, Forecast, Trends, Companies, Industry, Analysis & Value

Saudi Arabia Gypsum Board Market Synopsis

Saudi Arabia gypsum board market is projected to grow at a significant CAGR of around 6.8% during the forecast period 2021-2027. Growing housing and commercial projects in Saudi Arabia have been driving the demand for gypsum boards, which is anticipated to propel the growth of the Saudi Arabia gypsum board market over the forecast period. Moreover, rising population coupled with increased disposable income has led to an increase in consumption of product offerings from construction & interior sector. This factor is providing impetus to the production and sales of products such as dry walls, ceiling systems, acoustic walls among others manufactured by using gypsum boards are expected to create lucrative opportunities for business expansion resulting into an upsurge in overall market size by 2027 end.

Market Drivers

The major factors that are contributing towards driving growth of Saudi Arabia Gypsum Board Market include growing residential & commercial building constructions activities owing increasing urbanization along with rising investments toward infrastructure development across different regions of country will augmenting growth prospects over 2021-2027 timeline. Additionally, surging foreign direct investments (FDI) especially from global players towards hospitality sector will further boost industry outlook throughout analysis timeframe. Moreover, government initiatives such as ??Vision 2030?? focuses on developing public transportation system and other social sectors including health care facilities and educational institutes which also anticipated favoring industry landscape trends throughout assessment years until 2027 end.

Challenges of the Market

High cost associated with initial installation followed by maintenance expenses may act as impediment towards adoption rate over long run thus hindering growth prospects through 2027 end. Presence of substitutes including plastic based products can pose threat against industry profitability thereby obstructing regional share contribution during forthcoming timespan . Furthermore , availability raw material required for manufacturing final product might restrict its mass scale production leading to price hikes hence hampering segmental revenue inflow till assessment tenure ends.

Covid 19 Impact on the Market

The Covid-19 pandemic has drastically affected various industries across the globe including Saudi Arabia construction sector which significantly relies on imports of equipment and inputs from other countries such as China and India that had been severely impacted by lockdowns imposed due to virus spread. As a result, this led to disruptions at multiple levels of supply chain ranging from labour shortage leading towards project delays or cancellations up till shortages of raw materials resulting into cost escalations for builders alike. This unfavourable situation served as a major hindrance for new projects thus negatively impacting demand for gypsum board products thereafter.

key players of the Market

Some key players operating in Saudi Arabia Gypsum Board Market include USG Boral Middle East Ltd., Knauf Gips KG, Saint Gobain Construction Products MEA LLC., BORESTEEL FRAMES CO LTD., Armstrong World Industries Inc., National Gypsum Company, CertainTeed Corporation etc.

Key Highlights of the Report:

• Saudi Arabia Gypsum Board Market Outlook
• Market Size of Saudi Arabia Gypsum Board Market, 2020
• Forecast of Saudi Arabia Gypsum Board Market, 2027
• Historical Data and Forecast of Saudi Arabia Gypsum Board Revenues & Volume for the Period 2023 - 2027
• Saudi Arabia Gypsum Board Market Trend Evolution
• Saudi Arabia Gypsum Board Market Drivers and Challenges
• Saudi Arabia Gypsum Board Price Trends
• Saudi Arabia Gypsum Board Porter's Five Forces
• Saudi Arabia Gypsum Board Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Gypsum Board Market Revenues & Volume By Product Type for the Period 2023 - 2027
• Historical Data and Forecast of Saudi Arabia Gypsum Board Market Revenues & Volume By Wallboard for the Period 2023 - 2027
• Historical Data and Forecast of Saudi Arabia Gypsum Board Market Revenues & Volume By Ceiling Board for the Period 2023 - 2027
• Historical Data and Forecast of Saudi Arabia Gypsum Board Market Revenues & Volume By Pre-decorated Board for the Period 2023 - 2027
• Historical Data and Forecast of Saudi Arabia Gypsum Board Market Revenues & Volume By Others for the Period 2023 - 2027
• Historical Data and Forecast of Saudi Arabia Gypsum Board Market Revenues & Volume By Applications for the Period 2023 - 2027
• Historical Data and Forecast of Saudi Arabia Gypsum Board Market Revenues & Volume By Pre-Engineered Metal Buildings for the Period 2023 - 2027
• Historical Data and Forecast of Saudi Arabia Gypsum Board Market Revenues & Volume By Residential for the Period 2023 - 2027
• Historical Data and Forecast of Saudi Arabia Gypsum Board Market Revenues & Volume By Industrial for the Period 2023 - 2027
• Historical Data and Forecast of Saudi Arabia Gypsum Board Market Revenues & Volume By Commercial for the Period 2023 - 2027
• Historical Data and Forecast of Saudi Arabia Gypsum Board Market Revenues & Volume By Institutional for the Period 2023 - 2027
• Saudi Arabia Gypsum Board Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Applications
• Saudi Arabia Gypsum Board Top Companies Market Share
• Saudi Arabia Gypsum Board Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Gypsum Board Company Profiles
• Saudi Arabia Gypsum Board Key Strategic Recommendations