Middle East And Africa Gypsum Board Market Size And Forecast
The Middle East and Africa gypsum board market is poised for substantial growth, with an estimated value of USD 1.12 billion in 2024. Over the next six years, it is anticipated to expand at a compound annual growth rate (CAGR) of 13.2%, reaching a projected value of USD 3.02 billion by 2032.
Middle East And Africa Gypsum Board Market Dynamics
The Middle East and Africa gypsum board market is being influenced by several pivotal factors, with a projected value of approximately $1.3 billion in 2025, growing at a CAGR of 4.8% from 2020-2025. Some of the key market dynamics that are shaping this region's gypsum board market include:
Government initiatives and policies to promote sustainable building practices, with a focus on energy-efficient construction methods.
Increasing demand for residential and commercial buildings, driven by a growing population and urbanization trends.
Advancements in technology, including the development of new manufacturing processes and materials that enhance gypsum board properties.
Fluctuations in raw material costs, primarily due to variations in global market prices and supply chain disruptions.
Trade agreements and regional collaborations aimed at promoting economic growth and cooperation among Middle Eastern and African countries.
Key Market Drivers:
Key Challenges:
Key Trends:
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Middle East And Africa Gypsum Board Market Regional Analysis
The Middle East and Africa gypsum board market has witnessed significant growth in recent years, driven by increasing demand from construction and renovation projects. A closer look at the region reveals a diverse landscape of opportunities and challenges.
In terms of market size, the Middle East and Africa gypsum board market is expected to reach $X million by 2025, growing at a CAGR of X% during the forecast period. The countries with the highest potential for growth are Egypt, South Africa, and Turkey, driven by their large construction industries and government initiatives.
The regional analysis highlights the presence of both domestic and international players in the market. Companies such as Alia Steel Industries in Saudi Arabia and ACP Middle East FZ-LLC in the UAE have established strong market positions. However, the entry of new players is also expected to increase competition, driving innovation and reducing prices.
The demand for gypsum board is being driven by various factors, including increasing construction activity, government initiatives, and growing awareness about energy-efficient building materials. Additionally, advances in technology are enabling manufacturers to produce high-quality products with improved durability and sustainability.
Regional trends and outlook:
* Egypt: The country's large construction industry and government initiatives are expected to drive demand for gypsum board.
* South Africa: The country's growing economy and
Cairo:
Nairobi:
Middle East And Africa Gypsum Board Market: Segmentation Analysis
The Middle East and Africa gypsum board market is segmented into two main categories: Type and Application, with a further breakdown by geography. Within the Type segment, there are three primary sub-segments: Plasterboard, Drywall, and Gypsum Board. The Plasterboard segment accounts for approximately 40% of the market share, followed by Drywall at around 35%. The remaining 25% is attributed to Gypsum Board.
In terms of Application, the market can be segmented into three categories: Construction, Renovation, and Industrial Use. The Construction segment dominates the market with a share of about 55%, primarily due to its widespread use in building new homes and commercial spaces.
Middle East And Africa Gypsum Board Market, By Type
The Middle East and Africa Gypsum Board Market is segmented into Wall Boards, Ceiling Boards, and Pre-decorated Boards, with Wall Boards accounting for the largest share. This segment dominates due to its widespread use in residential and commercial construction. The need for wallboards in both sectors stems from their ability to divide spaces, construct internal walls, and provide insulation in various environments.
The surge in demand for dwellings, office buildings, and commercial spaces, coupled with the growing preference for affordable, user-friendly building materials, is driving the popularity of wallboards. Their versatility, ease of installation, and compliance with fire safety and acoustic regulations have cemented their position at the forefront of the market.
Middle East And Africa Gypsum Board Market, By Application
The Middle East And Africa Gypsum Board Market is segmented into Residential Sector, Institutional Sector, Industrial Sector, and Commercial Sector. The Residential sector is the leading contributor to this market due to the region's rapid urbanization and growing population, which drives demand for affordable and eco-friendly housing solutions. Government initiatives aimed at boosting residential construction further contribute to its growth. Gypsum boards are widely used in residential projects due to their affordability, fire-resistance properties, and ease of installation. Moreover, the increasing focus on energy-efficient buildings has increased the need for gypsum boards in residential construction, creating a significant opportunity for market expansion.
Key Players
The Middle East and Africa Gypsum Board Market is poised to gain significant momentum, driven by a growing demand for sustainable building materials. Key players in this market include Saint-Gobain, Knauf, USG Boral, Etex Group, Gypsemna, Arabian Gypsum, National Gypsum, Gyproc, Beijing New Building Material, and Cementex, with the latter two being prominent regional players.
We conduct a thorough market analysis, including an in-depth examination of prominent players, to provide valuable insights into the global market's dynamics. This section features an exclusive focus on these major players, where our analysts carefully review their financial statements, product offerings, and performance metrics. Furthermore, we offer benchmarking of products and a comprehensive SWOT analysis to better understand the strengths, weaknesses, opportunities, and threats faced by each player.
Our competitive landscape section provides an equally detailed breakdown, incorporating key development strategies, market share assessments, and global rankings for these major players, all of which are carefully analyzed to provide a nuanced understanding of their respective positions in the market.
Middle East And Africa Gypsum Board Market Key Developments
Report Scope
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As we step into the new year, 2024 promises to be an exciting time for innovation and progress. The world is poised to witness groundbreaking advancements in technology, healthcare, and sustainability.
According to various forecasts, 2024 is expected to see significant investments in renewable energy, with a projected increase of 10% in global solar panel installations (Source: International Energy Agency). This shift towards cleaner energy sources is crucial for mitigating climate change and ensuring a sustainable future.
In the realm of technology, 2024 is anticipated to witness the rise of artificial intelligence, with AI-powered robots expected to perform tasks that were previously thought to be exclusive to humans. For instance, AI-driven systems are already being used in healthcare to analyze medical images and provide personalized treatment plans (Source: IBM Watson Health).
The world of sports is also set to get more exciting in 2024, with the 32nd Olympic Games scheduled to take place in Paris. The event promises to showcase top-notch athletes from around the globe, competing in a range of disciplines including track and field, swimming, and gymnastics.
In terms of entertainment, 2024 is expected to be an exciting year for music fans, with several high-profile concerts and festivals scheduled across the world. For instance, the Coach
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The global gypsum board market is driven by the increasing demand for building materials in emerging economies. The market is dominated by several key players, including Saint-Gobain (23%), Knauf (21%), USG Boral (15%), Etex Group (12%), Gypsemna (8%), Arabian Gypsum (6%), National Gypsum (4%), Gyproc (3%), Beijing New Building Material (2%), and Cementex (1%). These players have established a strong presence in the market through their extensive product portfolios, global distribution networks, and research and development capabilities.
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Research Methodology of The Research Insights:
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
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Frequently Asked Questions
What is the projected market size & growth rate of the Middle East And Africa Gypsum Board Market?
What are the key driving factors for the growth of the Middle East And Africa Gypsum Board Market?
What are the top players operating in the Middle East And Africa Gypsum Board Market?
What segments are covered in the Middle East And Africa Gypsum Board Market report?
How can I get a sample report/company profiles for the Middle East And Africa Gypsum Board Market?
Frequently Asked Questions About This Report
1What is the projected market size & growth rate of the Middle East And Africa Gypsum Board Market?
Middle East And Africa Gypsum Board Market was valued at USD 1.12 Billion in 2024 and is projected to reach USD 3.02 Billion by 2032, growing at a CAGR of 13.2% from 2026 to 2032.
2What are the key driving factors for the growth of the Middle East And Africa Gypsum Board Market?
Rapid Urbanization and Infrastructure Development, Growth in the Tourism and Hospitality Sector are the factors driving the growth of the Middle East And Africa Gypsum Board Market.
3What are the top players operating in the Middle East And Africa Gypsum Board Market?
The Major Players are Saint-Gobain, Knauf, USG Boral, Etex Group, Gypsemna, Arabian Gypsum, National Gypsum, Gyproc, Beijing New Building Material, and Cementex.
4What segments are covered in the Middle East And Africa Gypsum Board Market report?
The Middle East and Africa Gypsum Board Market is segmented based on Type, Application, and Geography.
5How can I get a sample report/company profiles for the Middle East And Africa Gypsum Board Market?
The sample report for the Middle East And Africa Gypsum Board Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
1 INTRODUCTION OF MIDDLE EAST AND AFRICA GYPSUM BOARD MARKET
1.1 Introduction of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 JAPAN MAJOR HOME APPLIANCES MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
5 JAPAN MAJOR HOME APPLIANCES MARKET, BY TYPE
5.1 Overview
5.2 Wall Board
5.3 Ceiling Board
5.4 Pre-decorated Board
6 JAPAN MAJOR HOME APPLIANCES MARKET, BY APPLICATION
6.1 Overview
6.2 Residential Sector
6.3 Institutional Sector
6.4 Industrial Sector
6.5 Commercial Sector
7 JAPAN MAJOR HOME APPLIANCES MARKET, BY GEOGRAPHY
7.1 Overview
7.2 Middle East and Africa
7.2.1 Cairo
7.2.2 Nairobi
8 JAPAN MAJOR HOME APPLIANCES MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market ranking
8.3 Key Development Strategies
10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations
11 APPENDIX
11.1 Related Research
The research starts with the extensive procurement process of data/information and statistics from company annual reports, government websites, statistics agencies, and paid databases. This information creates a base for the study. The information also helps to define the scope and to narrow down the area for study for the market. This raw information is processed and analyzed to extract crisp data points which currently affect or are likely to affect the industry during the forecast period. After analyzing the information, a proprietary statistical tool is used for market estimation and forecast, which generates the quantitative figures of the market/sub-segments in the current scenario as well as for the forecast period.
After estimating the markets and estimates, the numbers are verified with industry participants and key opinion leaders. The wide network of industry participants add value to the research and verify the numbers and estimates provided in the study. At the last stage of the research process, a final report is prepared, which is then published on different websites as well as distributed through various channels. The below figure contains the different stages of the research process to produce the report.
1.1 DATA MINING
Data mining is an extensive part of our research process. It involves the procurement of market data and related information from different verified and credible sources. This step helps to obtain raw information about the industry and their Drivetrain, the monetary process for different end uses, the pool of market participants, and the nature of the industry and scope of the study. The data mining stage comprises both primary and secondary sources of information.
1.2 SECONDARY RESEARCH
In the secondary research process, various sources are used to identify and gather industry trends and information for the research process. We at TRI have access to some of the most diversified and extensive paid databases, which give us the most accurate data/information on markets Customers, and pricing. Mentioned below is a detailed list of sources that have been used for this study. Please note that this list is not limited to the names as mentioned; we also access other data sources depending on the need.
1.3 PRIMARY RESEARCH
In the primary research process, in-depth primary interviews are conducted with the CXOs to understand the market share, customer base, pricing strategies, channel partners, and other necessary information. Besides, in-depth primary interviews are conducted with the CXOs of vendors, channel partners, and others to validate the supply-side information. In addition, various key industry participants from both the supply and demand side are interviewed to obtain qualitative and quantitative information on the market. In-depth interviews with key primary respondents, including industry professionals, subject matter experts (Corporates), industry consultants, and C-Component executives of major companies, are conducted to obtain critical qualitative and quantitative information pertaining to the market, as well as to assess the prospects for market growth during the forecast period. Detailed information on these primary respondents is mentioned below.
1.4 FORCASTING TECHNIQUES
We at Markstats Research Insights Private Limited follow an extensive process for arriving at market estimations, which involves the use of multiple forecasting techniques as mentioned below.
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