GCC Drywall Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2024-2032)

GCC Drywall Market Growth

In 2023, the World Bank published data indicating that more than half of the world's population, specifically 56%, resides in urban areas. While this trend is observed globally, the Middle East is at the forefront of this urbanisation movement. Furthermore, projections suggest that by 2050, 90% of individuals in the GCC countries will inhabit urban regions. As of 2021, Saudi Arabia's urban population was recorded at 30,380,961, reflecting a modest increase of 0.13 % from the previous year. In Kuwait, the urban population for 2022 reached 4,268,873, marking a 0.44 % rise compared to 2021.

The increasing trend of urbanisation greatly enhances the demand for drywall as cities grow and new residential and commercial structures are developed. As individuals relocate to urban centres, the necessity for housing, office environments, and infrastructure rises, thereby stimulating construction efforts. Drywall, which is crucial for the construction of interior walls and ceilings, emerges as a vital component in these endeavours.

The increasing recognition of environmental concerns, coupled with the advocacy for sustainable construction methods, is likely to enhance the demand for environmentally friendly drywall products. Initiatives related to green building certifications, including the Saudi Green Building Code and the Saudi Environmental Standards and Regulations, promote the adoption of drywall options that exhibit a reduced environmental footprint.

Key Trends and Developments

Growth of the construction sector, rising urbanisation and population growth, surging renovation and remodelling activities, technological advancements, and sustainability and environmental concerns are the major trends impacting the GCC drywall market growth

October 2022

The Saudi Arabian Ministry of Industry and Mineral Resources announced that it prequalified eight local companies for exploring gypsum ore in the Madinah Al-Munawwarah region.

Nov 2021

Accely, a prominent technology consulting firm reached an agreement with a major manufacturer of drywall products based in Saudi Arabia to implement e-invoicing solutions. With its substantial production capacity for gypsum renders, French modelling, French adhesive, and jointing compounds, this company established itself as one of the foremost leaders in the MENA region.

Growth of the Construction Sector

The requirement for drywall is significantly linked to the overall expansion of the construction sector. This encompasses residential, commercial, and industrial building initiatives. As new structures are developed and current ones undergo renovations, the demand for drywall rises correspondingly.

Rising Urbanisation and Population Growth

With the increase in population and urbanisation, the demand for new housing and infrastructure intensifies, thereby elevating the need for drywall. The expansion of urban areas and the establishment of new cities play a crucial role in this market growth.

Renovation and Remodelling Activities

The demand for drywall is significantly influenced by the renovation and remodelling sector. Homeowners and commercial entities often engage in renovation initiatives that necessitate the use of drywall for enhancing interior spaces, constructing additional rooms, or upgrading current areas.

Technological Advancements

Advancements in drywall production, including enhancements in board durability, fire resistance, and moisture management, are also driving the market expansion. The implementation of sophisticated manufacturing methods and the introduction of novel drywall compositions can render these products more attractive to builders and contractors.

Sustainability and Environmental Concerns

The increasing recognition of environmental concerns, coupled with the advocacy for sustainable construction methods, is likely to enhance the demand for environmentally friendly drywall products. Certifications for green building and various sustainability initiatives promote the adoption of drywall that minimises ecological impact.

Building Standards and Regulations

Modifications in building codes and regulations can influence the demand for particular varieties of drywall, including fire-resistant or moisture-resistant panels. Additionally, adhering to revised safety and environmental standards frequently necessitates the utilisation of specialised drywall materials.

GCC Drywall Market Trends

The general economic state of a region often plays a crucial role in shaping construction activities, which subsequently affects the demand for drywall. During times of economic expansion, there is typically an increase in construction projects across various sectors, including residential, commercial, and industrial. As businesses and individuals feel more secure in their financial situations, they are more likely to undertake new construction projects or renovate existing properties, leading to a heightened demand for materials like drywall.

The flourishing renovation and remodelling sector significantly drives the demand for drywall, as both residential and commercial property owners engage in projects that require this versatile material. Whether for aesthetic improvements, functional enhancements, or sustainability initiatives, drywall remains a key component in transforming spaces and meeting the evolving needs of property owners.

GCC Drywall Industry Segmentation

GCC Drywall Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Standard
• Fire-Resistant
• Mould/Moisture Resistant

Market Breakup by Application

• Residential
• Commercial

Market Breakup by Country

• Saudi Arabia
• UAE
• Oman
• Qatar
• Bahrain
• Kuwait

GCC Drywall Market Share

Based on the application, the market is segmented into residential and commercial. The commercial segment is projected to grow at a CAGR of 7.2% during the forecast period of 2024-2032. In the commercial sector, drywall is extensively utilised due to its adaptability, affordability, and straightforward installation process.

Leading Companies in the GCC Drywall Market

Major players are focusing on the adoption of sustainable and eco-friendly drywalls to gain a competitive edge in the market.

• Saint-Gobain Gyproc
• Mada Gypsum Company (MGC)
• Gypsemna Co. LLC
• Qgyps Qatar Gypsum Board Factory
• Shaheen Group Holding B.S.C
• United Mining Industries Limited (UMI)
• USG Middle East
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.