Saudi Arabia Gypsum Board Market Size & Outlook, 2023-2030
Saudi Arabia gypsum board market, 2018-2030 (US$M)
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Saudi Arabia gypsum board market highlights
- The Saudi Arabia gypsum board market generated a revenue of USD 424.1 million in 2023 and is expected to reach USD 1,167.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 15.6% 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.
Gypsum board market data book summary
| Market revenue in 2023 | USD 424.1 million |
| Market revenue in 2030 | USD 1,167.7 million |
| Growth rate | 15.6% (CAGR from 2023 to 2030) |
| Largest segment | Wallboard |
| Fastest growing segment | Pre-decorated Board |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 0.8% of the global gypsum board market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia gypsum board market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,167.7 million by 2030.
Wallboard was the largest segment with a revenue share of 50.74% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
The presence of abundant mineral resources in Saudi Arabia, including gypsum, owing to tremendous development of mining sector and favorable environmental conditions has led to increased foreign investment in the region over past few years.
The Saudi Arabian cement segment, one of the largest consumers of gypsum, is characterized by low cost feedstock availability due to the presence of natural gas supplies at a subsidized rate of USD 0.75 MBTU. This factor positively influences gypsum demand.
The rapidly expanding real estate industry owing to the revised 2.5% white land along with mortgage laws are expected to boost gypsum applications in building and construction projects. The Saudi Arabian government has allocated enormous investment plans toward building social infrastructures, such as healthcare and education institutions, hotels as well as industrial buildings owing to its diversifying sectors (including tourism).
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia gypsum board market size, by product, 2018-2030 (US$M)
Saudi Arabia Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
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