Middle East & Africa Gypsum Board Market Size & Outlook
The gypsum board market in Middle East & Africa is expected to reach a projected revenue of US$ 10,039.5 million by 2030. A compound annual growth rate of 15.7% is expected of Middle East & Africa gypsum board market from 2024 to 2030.
The MEA gypsum board market generated a revenue of USD 3,620.7 million in 2023.
The market is expected to grow at a CAGR of 15.7% from 2024 to 2030.
In terms of segment, wallboard was the largest revenue generating product in 2023.
Pre-decorated Board is the most lucrative product segment registering the fastest growth during the forecast period.
Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
Market revenue in 2023
USD 3,620.7 million
Market revenue in 2030
USD 10,039.5 million
Growth rate
15.7% (CAGR from 2023 to 2030)
Largest segment
Wallboard
Fastest growing segment
Pre-decorated Board
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Wallboard, Ceiling Board, Pre-decorated Board, Other Products
Key market players worldwide
Knauf, Gypsemna, Global Mining Company, National Gypsum Company, Compagnie de Saint-Gobain SA, Holcim Ltd, Zawawi Group, BNBM, Eternit, United Mining Industries, Yoshino Gypsum
Other key industry trends
In terms of revenue, MEA region accounted for 6.5% of the global gypsum board market in 2023.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
MEA is the fastest growing regional market and is projected to reach USD 10,039.5 million by 2030.
Middle East region is expected to emerge as a major gypsum market over the forecast period owing to rapid demand in countries such as Oman, Saudi Arabia, Jordan and Qatar. Major economies are focusing on expanding their production capabilities in order to cater to growing construction markets in the GCC, Middle East and Asia Pacific region. This trend is positively influencing gypsum demand across the region.
The industrial construction segment is expected to grow at a rapid pace in Iraq, UAE, Bahrain, Saudi Arabia and Oman since the procedures to legally build a warehouse are fewest in these economies, attracting a large pool of foreign players.
The time required to obtain a construction permit is the shortest and most streamlined in Jordan, Qatar, UAE and Bahrain, resulting in ease of dealing with permits and other official formalities. The region is also anticipated to witness healthy demand for affordable as well as luxury housings in upcoming years, driving residential construction segment growth.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Gypsum Board Market Outlook will help companies and investors design strategic landscapes.
Wallboard was the largest segment with a revenue share of 49.81% in 2023.
Horizon Databook has segmented the Middle East & Africa gypsum board market based on wallboard, ceiling board, pre-decorated board, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East region is expected to emerge as a major gypsum market over the forecast period owing to rapid demand in countries such as Oman, Saudi Arabia, Jordan and Qatar. Major economies are focusing on expanding their production capabilities in order to cater to growing construction markets in the GCC, Middle East and Asia Pacific region. This trend is positively influencing gypsum demand across the region.
The industrial construction segment is expected to grow at a rapid pace in Iraq, UAE, Bahrain, Saudi Arabia and Oman since the procedures to legally build a warehouse are fewest in these economies, attracting a large pool of foreign players.
The time required to obtain a construction permit is the shortest and most streamlined in Jordan, Qatar, UAE and Bahrain, resulting in ease of dealing with permits and other official formalities. The region is also anticipated to witness healthy demand for affordable as well as luxury housings in upcoming years, driving residential construction segment growth.
Middle East & Africa Gypsum Board Market Product Outlook (Revenue, USD Million , 2018-2030)
Wallboard
Ceiling Board
Pre-decorated Board
Other Products
Middle East & Africa Gypsum Board Market Application Outlook (Revenue, USD Million , 2018-2030)
Pre-engineered Buildings
Residential
Industrial
Commercial
Institutional
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Gypsum Board Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Gypsum Board Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Gypsum Board Market, 2018-2030 (US$M)