Saudi Arabia Gypsum Board Market Research Report, 2029

The Saudi gypsum board industry is currently expanding, fueled mostly by the country's thriving construction sector. Wallboards dominate the market, accounting for more than half of all sales. This domination is due to their adaptability and broad use in numerous construction projects. Furthermore, the industry is moving toward specialty kinds including fire-resistant, water-resistant, and mould-resistant boards. This trend is driven by increased concerns about fire safety and sustainability, leading builders to choose materials that provide better protection and longevity. Furthermore, there is a strong demand for lightweight boards, which make installation easier, as well as eco-friendly solutions manufactured from recycled materials, which correspond with global sustainability initiatives. In terms of laws and certifications, the Saudi Building Code (SBC) is crucial in establishing standards for gypsum board use in construction projects. Compliance with the Saudi Arabian Standards Organization (SASO) is critical, especially for fire safety, moisture resistance, and other performance standards. Furthermore, third-party certifications from international organisations such as ASTM are becoming more valuable since they provide extra assurance of product quality and adherence to industry standards. The gypsum board industry is defined by a combination of existing firms and new entrants, resulting in a dynamic environment of rivalry and innovation. Key incumbents hold significant market share, relying on their knowledge and skills to fuel expansion. However, the attraction of the market's potential has attracted new participants looking to carve out a niche. This flood of new viewpoints and inventive solutions revitalises the market, accelerating technology advancements and expanding customer options. As a result, collaboration and strategic alliances between existing firms and entrants are critical for creating a flourishing ecosystem that promotes long-term success. According to the research report “Saudi Arabia Gypsum Board Market Research Report, 2029," published by Actual Market Research, the Saudi Arabia Gypsum Board Market is projected to add more than USD 650 Million from 2024 to 2029. Several important drivers are fueling the growth of the Saudi gypsum board market. For starters, the government's emphasis on mega-construction projects like NEOM and measures described in Vision 2030 is driving major demand for gypsum boards. These projects are essential to the country's economic diversification and urban development goals. Furthermore, growing urbanisation and industrial construction, driven by population growth and economic expansion, are contributing to higher demand for gypsum boards. Furthermore, as builders become more aware of the benefits of energy-efficient buildings, they are looking for gypsum boards with greater insulating capabilities, which is driving market expansion. However, the market is not without obstacles. Fluctuations in raw material prices, particularly gypsum, are a significant concern for manufacturers and distributors. Price variations can have an influence on profit margins, necessitating intelligent inventory management. Furthermore, the industry faces fierce competition from both established firms and potential newcomers. This competitive landscape emphasises the value of innovation and differentiation in product offers and marketing strategies. Furthermore, the construction industry is facing skilled labour scarcity, which affects installation efficiency and project timeframes. Addressing this shortfall necessitates a collaborative effort among stakeholders to invest in training and workforce development activities.

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The landscape of government investments in infrastructure and housing projects offers a compelling set of opportunities for the construction industry. These programs not only promise enormous economic growth, but also act as a stimulus for innovation and development. Particularly noteworthy is the rising emphasis on rehabilitation and refurbishment activities in existing buildings. This trend represents a shift toward more sustainable methods and efficient resource utilisation. Furthermore, the growing demand for prefabricated construction solutions highlights an industry-wide transformation. Gypsum boards appear as important components in various procedures, emphasising their versatility and indispensability. Gypsum boards are generally distributed through several routes within the building sector. Building material suppliers, distributors, and retailers are critical intermediates in providing gypsum boards to end users. These channels ensure that gypsum boards are widely available and accessible to contractors, builders, and others working on building projects. Furthermore, manufacturers frequently sell directly to construction companies for large-scale projects, allowing them to easily meet specific project requirements. This wide distribution network allows firms to reach a large consumer base while maintaining a competitive advantage in the market. Saudi Arabia has extensive gypsum sources, which ensures a stable and reliable supply chain for local industries. The availability of raw materials is critical in maintaining industrial operations and meeting market demand. With substantial gypsum resources available domestically, Saudi businesses are well-positioned to offset the risks associated with raw material scarcity or supply chain interruptions. This advantage boosts the competitiveness of Saudi gypsum board manufacturers, allowing them to maintain constant product quality and pricing. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Gypsum Board market Research Report with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Kripa Shah

Senior Analyst

By Product • Wallboard • Ceiling Board • Pre-decorated Board • Others By Application • Residential • Industrial • Commercial • Others (Pre-Engineered metal building and Institutional) The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

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Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Gypsum Board industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.