Saudi Arabia Ready-Made Gypsum Products Market Size, Share & Forecast 2025–2030
Description
Saudi Arabia Ready-Made Gypsum Products Market Overview
The Saudi Arabia Ready-Made Gypsum Products Market is valued at USD 1.2 billion, based on a five-year historical analysis. This growth is primarily driven by the booming construction sector, which is fueled by government initiatives aimed at diversifying the economy and increasing infrastructure development. The rising demand for sustainable building materials has also contributed to the market's expansion, as gypsum products are recognized for their eco-friendly properties.
Key cities such as Riyadh, Jeddah, and Dammam dominate the market due to their rapid urbanization and significant construction activities. Riyadh, being the capital, leads in government projects, while Jeddah and Dammam are pivotal for commercial and residential developments. The concentration of construction firms and suppliers in these cities further enhances their market dominance.
In 2023, the Saudi government implemented regulations mandating the use of environmentally friendly building materials in public construction projects. This regulation aims to promote sustainability and reduce the carbon footprint of the construction industry, thereby increasing the demand for ready-made gypsum products that meet these new standards.
Saudi Arabia Ready-Made Gypsum Products Market Segmentation
By Type:
The market is segmented into various types of gypsum products, including Gypsum Boards, Gypsum Plaster, Gypsum Ceiling Tiles, Gypsum Blocks, Gypsum Cornices, Gypsum Panels, and Others. Among these, Gypsum Boards are the most dominant due to their versatility and widespread use in both residential and commercial applications. The increasing preference for lightweight and easy-to-install materials has further solidified their market leadership.
By End-User:
The end-user segmentation includes Residential, Commercial, Industrial, and Government & Utilities sectors. The Residential segment holds the largest share, driven by the increasing number of housing projects and the growing trend of interior design that favors gypsum products for their aesthetic appeal and functionality. The Commercial sector is also significant, as businesses seek cost-effective and efficient building solutions.
Saudi Arabia Ready-Made Gypsum Products Market Competitive Landscape
The Saudi Arabia Ready-Made Gypsum Products Market is characterized by a dynamic mix of regional and international players. Leading participants such as Saint-Gobain, Knauf, USG Boral, Gyproc, National Gypsum Company, Al Ahsa Gypsum, Saudi Gypsum, Al Watania Gypsum, Al Mufeed, Al Jazeera Gypsum, Al Mufeed Gypsum, Al Mufeed Group, Al Mufeed Building Materials, Al Mufeed Construction, Al Mufeed Trading contribute to innovation, geographic expansion, and service delivery in this space.
Saint-Gobain
1665
Courbevoie, France
Knauf
1932
Iphofen, Germany
USG Boral
2014
Chicago, USA
Gyproc
1930
Stockholm, Sweden
National Gypsum Company
1925
Charlotte, USA
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate
Market Penetration Rate
Customer Retention Rate
Pricing Strategy
Product Quality Index
Saudi Arabia Ready-Made Gypsum Products Market Industry Analysis
Growth Drivers
Increasing Demand for Sustainable Building Materials:
The Saudi Arabian construction sector is witnessing a significant shift towards sustainable building materials, with the market for eco-friendly products projected to reach SAR 15 billion in future. This trend is driven by the government's Vision 2030 initiative, which emphasizes sustainability in construction. The increasing awareness of environmental issues among consumers is also contributing to this demand, as more builders seek to incorporate sustainable materials like gypsum into their projects.
Government Initiatives for Infrastructure Development:
The Saudi government has allocated SAR 1.2 trillion for infrastructure projects as part of its Vision 2030 plan. This investment is expected to boost the demand for ready-made gypsum products, particularly in the construction of schools, hospitals, and housing projects. The government's commitment to enhancing urban infrastructure is creating a favorable environment for gypsum manufacturers, as they can expect a steady stream of projects requiring their products.
Rising Construction Activities in Residential and Commercial Sectors:
The construction sector in Saudi Arabia is projected to grow at a rate of 6.5% annually, driven by a surge in residential and commercial projects. In future, the total value of construction projects is expected to exceed SAR 300 billion. This growth is fueled by population growth and urbanization, leading to increased demand for ready-made gypsum products for interior and exterior applications in new buildings.
Market Challenges
Fluctuating Raw Material Prices:
The ready-made gypsum products market faces challenges due to the volatility of raw material prices, particularly gypsum and additives. In future, the price of gypsum fluctuated between SAR 200 and SAR 300 per ton, impacting production costs. This unpredictability can lead to increased operational costs for manufacturers, making it difficult to maintain competitive pricing in the market.
Competition from Alternative Building Materials:
The market is increasingly challenged by the availability of alternative building materials such as concrete and steel, which are often perceived as more durable. In future, the market share of gypsum products was approximately 25%, while concrete and steel accounted for 50% combined. This competition necessitates that gypsum manufacturers innovate and highlight the unique benefits of their products to retain market share.
Saudi Arabia Ready-Made Gypsum Products Market Future Outlook
The future of the Saudi Arabia ready-made gypsum products market appears promising, driven by ongoing government investments in infrastructure and a growing emphasis on sustainable construction practices. As the construction sector continues to expand, manufacturers are likely to focus on developing innovative, eco-friendly products that meet evolving consumer preferences. Additionally, the integration of digital technologies in construction processes will enhance efficiency and product customization, further supporting market growth in the coming years.
Market Opportunities
Expansion into Emerging Markets within the Region:
There is significant potential for Saudi gypsum manufacturers to expand into neighboring markets, such as the UAE and Qatar, where construction activities are booming. The projected growth in these markets is expected to create demand for ready-made gypsum products, providing an opportunity for local manufacturers to increase their market presence and revenue.
Development of Innovative Product Lines:
The increasing consumer preference for customized and innovative building solutions presents an opportunity for manufacturers to develop new product lines. By investing in research and development, companies can create specialized gypsum products that cater to specific market needs, such as fire-resistant or moisture-resistant options, thereby enhancing their competitive edge.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The Saudi Arabia Ready-Made Gypsum Products Market is valued at USD 1.2 billion, based on a five-year historical analysis. This growth is primarily driven by the booming construction sector, which is fueled by government initiatives aimed at diversifying the economy and increasing infrastructure development. The rising demand for sustainable building materials has also contributed to the market's expansion, as gypsum products are recognized for their eco-friendly properties.
Key cities such as Riyadh, Jeddah, and Dammam dominate the market due to their rapid urbanization and significant construction activities. Riyadh, being the capital, leads in government projects, while Jeddah and Dammam are pivotal for commercial and residential developments. The concentration of construction firms and suppliers in these cities further enhances their market dominance.
In 2023, the Saudi government implemented regulations mandating the use of environmentally friendly building materials in public construction projects. This regulation aims to promote sustainability and reduce the carbon footprint of the construction industry, thereby increasing the demand for ready-made gypsum products that meet these new standards.
Saudi Arabia Ready-Made Gypsum Products Market Segmentation
By Type:
The market is segmented into various types of gypsum products, including Gypsum Boards, Gypsum Plaster, Gypsum Ceiling Tiles, Gypsum Blocks, Gypsum Cornices, Gypsum Panels, and Others. Among these, Gypsum Boards are the most dominant due to their versatility and widespread use in both residential and commercial applications. The increasing preference for lightweight and easy-to-install materials has further solidified their market leadership.
By End-User:
The end-user segmentation includes Residential, Commercial, Industrial, and Government & Utilities sectors. The Residential segment holds the largest share, driven by the increasing number of housing projects and the growing trend of interior design that favors gypsum products for their aesthetic appeal and functionality. The Commercial sector is also significant, as businesses seek cost-effective and efficient building solutions.
Saudi Arabia Ready-Made Gypsum Products Market Competitive Landscape
The Saudi Arabia Ready-Made Gypsum Products Market is characterized by a dynamic mix of regional and international players. Leading participants such as Saint-Gobain, Knauf, USG Boral, Gyproc, National Gypsum Company, Al Ahsa Gypsum, Saudi Gypsum, Al Watania Gypsum, Al Mufeed, Al Jazeera Gypsum, Al Mufeed Gypsum, Al Mufeed Group, Al Mufeed Building Materials, Al Mufeed Construction, Al Mufeed Trading contribute to innovation, geographic expansion, and service delivery in this space.
Saint-Gobain
1665
Courbevoie, France
Knauf
1932
Iphofen, Germany
USG Boral
2014
Chicago, USA
Gyproc
1930
Stockholm, Sweden
National Gypsum Company
1925
Charlotte, USA
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate
Market Penetration Rate
Customer Retention Rate
Pricing Strategy
Product Quality Index
Saudi Arabia Ready-Made Gypsum Products Market Industry Analysis
Growth Drivers
Increasing Demand for Sustainable Building Materials:
The Saudi Arabian construction sector is witnessing a significant shift towards sustainable building materials, with the market for eco-friendly products projected to reach SAR 15 billion in future. This trend is driven by the government's Vision 2030 initiative, which emphasizes sustainability in construction. The increasing awareness of environmental issues among consumers is also contributing to this demand, as more builders seek to incorporate sustainable materials like gypsum into their projects.
Government Initiatives for Infrastructure Development:
The Saudi government has allocated SAR 1.2 trillion for infrastructure projects as part of its Vision 2030 plan. This investment is expected to boost the demand for ready-made gypsum products, particularly in the construction of schools, hospitals, and housing projects. The government's commitment to enhancing urban infrastructure is creating a favorable environment for gypsum manufacturers, as they can expect a steady stream of projects requiring their products.
Rising Construction Activities in Residential and Commercial Sectors:
The construction sector in Saudi Arabia is projected to grow at a rate of 6.5% annually, driven by a surge in residential and commercial projects. In future, the total value of construction projects is expected to exceed SAR 300 billion. This growth is fueled by population growth and urbanization, leading to increased demand for ready-made gypsum products for interior and exterior applications in new buildings.
Market Challenges
Fluctuating Raw Material Prices:
The ready-made gypsum products market faces challenges due to the volatility of raw material prices, particularly gypsum and additives. In future, the price of gypsum fluctuated between SAR 200 and SAR 300 per ton, impacting production costs. This unpredictability can lead to increased operational costs for manufacturers, making it difficult to maintain competitive pricing in the market.
Competition from Alternative Building Materials:
The market is increasingly challenged by the availability of alternative building materials such as concrete and steel, which are often perceived as more durable. In future, the market share of gypsum products was approximately 25%, while concrete and steel accounted for 50% combined. This competition necessitates that gypsum manufacturers innovate and highlight the unique benefits of their products to retain market share.
Saudi Arabia Ready-Made Gypsum Products Market Future Outlook
The future of the Saudi Arabia ready-made gypsum products market appears promising, driven by ongoing government investments in infrastructure and a growing emphasis on sustainable construction practices. As the construction sector continues to expand, manufacturers are likely to focus on developing innovative, eco-friendly products that meet evolving consumer preferences. Additionally, the integration of digital technologies in construction processes will enhance efficiency and product customization, further supporting market growth in the coming years.
Market Opportunities
Expansion into Emerging Markets within the Region:
There is significant potential for Saudi gypsum manufacturers to expand into neighboring markets, such as the UAE and Qatar, where construction activities are booming. The projected growth in these markets is expected to create demand for ready-made gypsum products, providing an opportunity for local manufacturers to increase their market presence and revenue.
Development of Innovative Product Lines:
The increasing consumer preference for customized and innovative building solutions presents an opportunity for manufacturers to develop new product lines. By investing in research and development, companies can create specialized gypsum products that cater to specific market needs, such as fire-resistant or moisture-resistant options, thereby enhancing their competitive edge.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
82 Pages
- 1. Saudi Arabia Ready-Made Gypsum Products Size, Share & – Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. Saudi Arabia Ready-Made Gypsum Products Size, Share & – Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. Saudi Arabia Ready-Made Gypsum Products Size, Share & – Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing demand for sustainable building materials
- 3.1.2. Government initiatives for infrastructure development
- 3.1.3. Rising construction activities in residential and commercial sectors
- 3.1.4. Technological advancements in gypsum product manufacturing
- 3.2. Restraints
- 3.2.1. Fluctuating raw material prices
- 3.2.2. Competition from alternative building materials
- 3.2.3. Regulatory compliance and standards
- 3.2.4. Limited awareness of product benefits among consumers
- 3.3. Opportunities
- 3.3.1. Expansion into emerging markets within the region
- 3.3.2. Development of innovative product lines
- 3.3.3. Strategic partnerships with construction firms
- 3.3.4. Increasing focus on eco-friendly construction practices
- 3.4. Trends
- 3.4.1. Growing popularity of prefabricated construction solutions
- 3.4.2. Shift towards lightweight building materials
- 3.4.3. Adoption of digital technologies in construction
- 3.4.4. Rising consumer preference for customized gypsum products
- 3.5. Government Regulation
- 3.5.1. Building Code Compliance
- 3.5.2. Environmental Protection Regulations
- 3.5.3. Safety Standards for Construction Materials
- 3.5.4. Incentives for Sustainable Building Practices
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. Saudi Arabia Ready-Made Gypsum Products Size, Share & – Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. Gypsum Boards
- 4.1.2. Gypsum Plaster
- 4.1.3. Gypsum Ceiling Tiles
- 4.1.4. Gypsum Blocks
- 4.1.5. Gypsum Cornices
- 4.1.6. Gypsum Panels
- 4.1.7. Others
- 4.2. By End-User (in Value %)
- 4.2.1. Residential
- 4.2.2. Commercial
- 4.2.3. Industrial
- 4.2.4. Government & Utilities
- 4.3. By Application (in Value %)
- 4.3.1. Interior Wall Finishing
- 4.3.2. Ceiling Installation
- 4.3.3. Partitioning
- 4.3.4. Decorative Elements
- 4.4. By Distribution Channel (in Value %)
- 4.4.1. Direct Sales
- 4.4.2. Retail Outlets
- 4.4.3. Online Sales
- 4.4.4. Distributors
- 4.5. By Price Range (in Value %)
- 4.5.1. Economy
- 4.5.2. Mid-Range
- 4.5.3. Premium
- 4.6. By Region (in Value %)
- 4.6.1. Central Region
- 4.6.2. Eastern Region
- 4.6.3. Western Region
- 4.6.4. Southern Region
- 5. Saudi Arabia Ready-Made Gypsum Products Size, Share & – Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. Saint-Gobain
- 5.1.2. Knauf
- 5.1.3. USG Boral
- 5.1.4. Gyproc
- 5.1.5. National Gypsum Company
- 5.2. Cross Comparison Parameters
- 5.2.1. No. of Employees
- 5.2.2. Headquarters
- 5.2.3. Inception Year
- 5.2.4. Revenue
- 5.2.5. Production Capacity
- 6. Saudi Arabia Ready-Made Gypsum Products Size, Share & – Market Regulatory Framework
- 6.1. Building Standards
- 6.2. Compliance Requirements and Audits
- 6.3. Certification Processes
- 7. Saudi Arabia Ready-Made Gypsum Products Size, Share & – Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. Saudi Arabia Ready-Made Gypsum Products Size, Share & – Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By End-User (in Value %)
- 8.3. By Application (in Value %)
- 8.4. By Distribution Channel (in Value %)
- 8.5. By Price Range (in Value %)
- 8.6. By Region (in Value %)
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