Middle East & Africa Gypsum Board Market Size & Outlook
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MEA gypsum board market highlights
- 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.
Wallboard was the largest segment with a revenue share of 49.81% in 2024. 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.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Yoshino Gypsum | View profile | 51-100 | Japan, Jawa Tengah, Indonesia, Asia | https://yoshino-gypsum.com |
| United Mining Industries | View profile | 251-500 | Yanbu Al-bahar, Al Madinah, Saudi Arabia, Asia | http://ugc.com.sa |
| Eternit | View profile | 501-1000 | São Paulo, Sao Paulo, Brazil, South America | https://www.eternit.com.br/ |
| BNBM | View profile | 10001+ | Beijing, Beijing, China, Asia | http://www.bnbm.com.cn/ |
| Zawawi Group | View profile | 11-50 | Muscat, Masqat, Oman, Asia | https://www.zawawigroup.com/ |
| Holcim Ltd | View profile | 63448 | Grafenauweg 10, Zug, Switzerland, CH-6300 | https://www.holcim.com |
| National Gypsum Company | View profile | 1001-5000 | Charlotte, North Carolina, United States, North America | http://www.nationalgypsum.com |
| Global Mining Company | View profile | 11-50 | Aurora, Colorado, United States, North America | https://www.globalminingcorp.com |
| Gypsemna | View profile | 251-500 | Dubai, Dubai, United Arab Emirates, Asia | https://www.gypsemna.com |
| Knauf | View profile | 51-100 | Utrecht, Utrecht, The Netherlands, Europe | https://knauf.be/nl |
| Compagnie de Saint-Gobain SA | View profile | 168508 | 12, Place de l'Iris, Tour Saint-Gobain, Courbevoie, France, 92400 | http://www.saint-gobain.com |
MEA gypsum board market size, by country, 2018-2030 (US$M)
Middle East & Africa Gypsum Board Market Outlook Share, 2024 & 2030 (US$M)
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