UAE Gypsum Board Market Size & Outlook, 2023-2030
UAE gypsum board market, 2018-2030 (US$M)
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UAE gypsum board market highlights
- The UAE gypsum board market generated a revenue of USD 443.4 million in 2023 and is expected to reach USD 1,082.7 million by 2030.
- The UAE market is expected to grow at a CAGR of 13.6% 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 443.4 million |
| Market revenue in 2030 | USD 1,082.7 million |
| Growth rate | 13.6% (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, UAE 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 45.17% in 2023. Horizon Databook has segmented the UAE 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.
Economic development in the UAE has substantially boosted gypsum and gypsum-based products across the region. The UAE construction industry is likely to witness renewed expansion on the back of rapid growth in Dubai tourism and real estate, supported by the upcoming Expo 2020 event, attracting an estimated investment of USD 18 billion.
Technological advancements in the mining sector coupled with increasing skyscrapers, housing projects, and hotels construction has increased demand of modern building materials. This trend is further expected to prove conducive for gypsum board industry growth over the forecast period.
Increasing demand from cement plants and gypsum wallboard plants has also widened the application scope of crude gypsum. Major cement manufacturing plants are producing gypsum for using within their plants, which are also reaping the benefits of growing investments in infrastructure.
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Gypsum Board Market Scope
Gypsum Board Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE gypsum board market size, by product, 2018-2030 (US$M)
UAE Gypsum Board Market Outlook Share, 2023 & 2030 (US$M)
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