Saudi Arabia Drywall Panels Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Type (Regular, Moisture-Resistant, Plaster Baseboard, Paperless, Type X, and Others); and Application (Residential, and Non-Residential )

Publication Month: Apr 2021 | Report Code: TIPRE00021609 | No. of Pages: 109 | Category: Chemicals and Materials | Status: Published

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The Saudi Arabia drywall panels market was valued at US$ 207.70 million in 2020 and is projected to reach US$ 304.43 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028.


Drywall panels, also known as plasterboard or wallboard, are panels made of gypsum (calcium sulfate dehydrate) and is used in the construction industry. They are sometimes manufactured with additives in order to enhance their properties and add features such as fire resistance, water resistance, and mold resistance. Growth of theThe increasing construction activities in Saudi Arabia has significantly contributed towardsdrives the growth of the drywall panels market in Saudi Arabia.
 
TCOVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread across the globe. he chemicals & materials is one of the world's major industries suffering serious disruptions such as supply chain breaks, and office shutdowns as a result of the COVID-19 outbreakthis outbreak. Moreover, due to the increased number of COVID-19 confirmed cases and the reinstatement of lockdowns following an initial easing, as well as uncertainty about the government's ability to cover its oil revenue losses and stabilize its debt burden in the short term, the Saudi Arabia drywall panels market is expected to facinge some various challenges to curb the pandemic and stabilize its economy. The Saudi government's revenues will are expected to sdecreaseuffer because of low oil prices in coming years, which is most likely to influence the government's economic spending program plans and all mega infrastructure projects in the pipeline. This, in turn, will would also negatively affect the drywall panels market in Saudi Arabia. COVID-19 outbreak has had a major impact on construction projects in Saudi Arabia. Construction project participants are having difficulty in moving projects forward and resolving claims resulting from on-site suspensions, delays, and extra costs. Although some building contracts have already been terminated as a result of the pandemic, several others are currently being renegotiated. To mitigate the negative effects of COVID-19the COVID-19 outbreak, parties have begun to seek solutions and common ground by compromising on their legitimate claims. On December 23, 2020, the General Panel of the Supreme Court of the Kingdom of Saudi Arabia issued a decision (KSA Supreme Court's General Assembly, Decision n° 45/m of 08/05/1442 A.H) regarding the effect of COVID-19 on construction contracts (KSA Supreme Court's General Assembly, Decision n° 45/m of 08/05/1442 A.H). The Supreme Court's decision offers guidelines on how the principle of good faith in contract performance can be applied in compliance with Sharia Law. Under the new decision, construction contracts regulated by Saudi Arabian law can now be amended by Saudi Arabian courts without the parties' consent under some situations. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the travel bans and lockdowns imposed across Saudi Arabia are adversely affecting business collaborations and partnership opportunities. All these factors are anticipated to affect thehindering industries in a negative manner, and thus, act as which a is restraining factor for the growth of various markets related to the drywall panels market in the coming months. This is likely to impact the chemicals & materials industry in Saudi Arabia as, due to the COVID-19 outbreak, the supply chain is likely to get affected. In addition, the disruptions in overall manufacturing processes, research, and development activities will are also negatively impacting the Saudi Arabia drywall panels market growth.
 
Market Insights

Applications of Drywall Panels

Based on application, the Saudi Arabia drywall panels market is segmented bifurcated into residential and non-residential. The residential segment led the market with the a largerst share in 2020. Key factors such as Growing growing urban population as well asand increasinge in  demand for aesthetically enhanced materials in building architecture are the key factors supporting the developments in the residential sector. Moreover, rise in the number of home improvements and renovation projects is bolstering the demand for drywall panels in residential applications and. Furthermore,  an increase in the number of construction projects, —including commercial and residential construction, —in Saudi Arabia is are bolstering the demand for drywall panels in residential applicationsexpected to boost product demand in the coming years.
 
Type Insights
Based on type, the Saudi Arabia drywall panels market is segmented into regular, moisture-resistant, plaster baseboard, paperless, type X, and others. The regular segment led the market with the largest share in 2020. Regular drywall is a plain drywall with no special features. The absence of additional features does not make it a substandard type, and it is, thus, a widely used product. Regular drywall is naturally fire retardant, as water molecules in the gypsum impede the spread of flames; . howeverHowever, this drywall type is not treated with other materials enhancing its fire resistance property. The regular drywall products are white on one side and brown on the other. It is the most cost-effective drywall type and is available in a variety of thickness options, ranging from 3/8th of an inch to one inch., whereas t The most commonly used product of this type is typically available in 4/8-foot panels.
  
                                              Saudi Arabia Drywall Panels Market, by Type – 2020 and 2028

Saudi Arabia Drywall Panels Market, by Type – 2020 and 2028

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Strategic Insights
A few key market players operating in the Saudi Arabia drywall panels market are IKK Group of Companies, Mada Gypsum, EL-Khayyat Gypsum Factor, United Mining Industries, Knauf Gips KG, National Gypsum Company, Sinar, Al Watani Gypsum Co. Ltd., USG Corporation, and Saint Gobain S.A. Major players in the market are focusing on strategies such as mergers and acquisitions and product launches to expand their geographical presence and consumer base across Saudi Arabia.  

 

Report Spotlights

  • Progressive industry trends in the Saudi Arabia drywall panels market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the Saudi Arabia drywall panels market from 2018 to 2028
  • Estimation of the demand for Saudi Arabia drywall panels across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and the demand for Saudi Arabia drywall panels  
  • Market trends and outlook coupled with factors driving and restraining the growth of the Saudi Arabia drywall panels market
  • Decision-making process by understanding strategies that underpin commercial interest regarding Saudi Arabia drywall panels market growth
  • Saudi Arabia drywall panels market size at various nodes of market
  • Detailed overview and segmentation of the Saudi Arabia drywall panels market as well as its dynamics in the industry
  • Saudi Arabia drywall panels market size in various regions with promising growth opportunities


Saudi Arabia Drywall Panels Market, by Type

  • Regular
  • Moisture-Resistant
  • Plaster Baseboard
  • Paperless
  • Type X
  • Others


Saudi Arabia Drywall Panels Market, by Application

  • Residential
  • Non-Residential


Company Profiles

  • IKK Group of Companies
  • Mada Gypsum
  • EL-Khayyat Gypsum Factor
  • United Mining Industries
  • Knauf Gips KG
  • National Gypsum Company
  • Sinar
  • Al Watani Gypsum Co. Ltd.
  • USG Corporation
  • Saint Gobain S.A.

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.          Key Takeaways

3.          Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.          Drywall Panels Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.2.1        Saudi Arabia

4.3        Expert Opinion

4.4        Export Analysis 2018

4.5        Pricing Analysis of Gypsum Boards, 2019

4.6        Route to Market

4.7        Construction Material Standards

5.          Drywall Panels Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Rising Construction Industry in Saudi Arabia

5.1.2        Increasing Gypsum Production in Saudi Arabia

5.2        Market Restraints

5.2.1        Rising Concerns Related to Harmful Effects of Drywall Panels

5.3        Market Opportunities

5.3.1        Increasing Infrastructure Development Activities in MEA

5.4        Future Trends

5.4.1        Rising Demand for DIY Drywall Panels

5.5        Impact Analysis of Drivers and Restraints

6.          Drywall Panels – Saudi Arabia Market Analysis

6.1        Drywall Panels Market Overview

6.2        Drywall Panels Market Forecast and Analysis, 2020 to 2028

6.3        Market Positioning of Key Players

7.          Drywall Panels Market Analysis – By Type

7.1        Overview

7.2        Drywall Panels Market, By Type (2020 and 2028)

7.3        Regular

7.3.1        Overview

7.3.1.1          Regular: Drywall Panels Market –Forecast and Analysis to 2028 (US$ Million)

7.4        Moisture-Resistant

7.4.1        Overview

7.4.1.1          Moisture-Resistant: Drywall Panels Market – Forecast and Analysis to 2028 (US$ Million)

7.5        Plaster Baseboard

7.5.1        Overview

7.5.1.1          Plaster Baseboard: Drywall Panels Market – Forecast and Analysis to 2028 (US$ Million)

7.6        Paperless

7.6.1        Overview

7.6.1.1          Paperless: Drywall Panels Market – Forecast and Analysis to 2028 (US$ Million)

7.7        Type X

7.7.1        Overview

7.7.1.1          Type X: Drywall Panels Market – Forecast and Analysis to 2028 (US$ Million)

7.8        Others

7.8.1        Overview

7.8.1.1          Others: Drywall Panels Market – Forecast and Analysis to 2028 (US$ Million)

8.          Drywall Panels Market Analysis – By Application

8.1        Overview

8.2        Drywall Panels Market, By Application (2019 and 2028)

8.3        Residential

8.3.1        Overview

8.3.1.1          Residential: Drywall Panels Market – Revenue and Forecast to 2028 (US$ Million)

8.4        Non-Residential

8.4.1        Overview

8.4.1.1          Non-Residential: Drywall Panels Market –Forecast and Analysis to 2028 (US$ Million)

9.          Overview- Impact of COVID-19

9.1        Saudi Arabia : Impact Assessment of COVID-19 Pandemic

10.       Industry Landscape

10.1      Overview

10.2      Strategy & Business Planning

10.3      Merger and Acquisition

10.4      Product News

11.       Key Company Profiles

11.1      IKK Group of Companies

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Service

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.2      Mada Gypsum

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Manufacturing Build-Up Capacity

11.2.4     Products and Services

11.2.5     Financial Overview

11.2.6     SWOT Analysis

11.2.7     Key Developments

11.3      EL-Khayyat Gypsum Factory

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.4      United Mining Industries

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Manufacturing Build-Up Capacity

11.4.4     Products and Services

11.4.5     Financial Overview

11.4.6     SWOT Analysis

11.5      Knauf Gips KG

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      National Gypsum Company

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.7      Sinar

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.8      Al Watani Gypsum Co. Ltd.

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.9      USG Corporation

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

11.10   Saint Gobain S.A.

11.10.1   Key Facts

11.10.2   Business Description

11.10.3   Products and Services

11.10.4   Financial Overview

11.10.5   SWOT Analysis

12.       Appendix

12.1      About The Insight Partners

            12.2    Glossary

LIST OF TABLES

Table 1.            Saudi Arabia Drywall Panels Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.            Saudi Arabia Drywall Panels Market – Volume and Forecast to 2028 (Million Square Meter)

Table 3.            Saudi Arabia Drywall Panels Market by Type –Revenue and Forecast to 2028 (US$ Million)

Table 4.            Saudi Arabia Drywall Panels Market by Type – Volume and Forecast to 2028 (Million Square Meter)

Table 5.            Saudi Arabia Drywall Panels Market by Application –Revenue and Forecast to 2028 (US$ Million)

Table 6.            Saudi Arabia Drywall Panels Market by Application – Volume and Forecast to 2028 (Million Square Meter)

Table 7.            Glossary of Terms, Saudi Arabia Drywall Panels Market

LIST OF FIGURES

Figure 1.           Saudi Arabia Drywall Panels Market Segmentation

Figure 2.           Saudi Arabia Drywall Panels Market Overview

Figure 3.           Regular Segment Held Largest Share of Saudi Arabia Drywall Panels Market

Figure 4.           Residential Segment Held Largest Share of Saudi Arabia Drywall Panels Market

Figure 5.           Saudi Arabia Drywall Panels Market, Industry Landscape

Figure 6.           Saudi Arabia: PEST Analysis

Figure 7.           Drywall Panels Market Impact Analysis of Driver and Restraints

Figure 8.           Country Overview of Drywall Panels Market

Figure 9.           Saudi Arabia Drywall Panels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        Saudi Arabia Drywall Panels Market – Volume and Forecast to 2028 (Million Square Meter)

Figure 11.        Market Positioning of Key Players In Saudi Arabia Drywall Panels Market

Figure 12.        Drywall Panels Market Revenue Share, by Type (2020 and 2028)

Figure 13.        Regular: Drywall Panels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Regular: Drywall Panels Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 15.        Moisture- Resistant: Drywall Panels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Moisture- Resistant: Drywall Panels Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 17.        Plaster Baseboard: Drywall Panels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Plaster Baseboard: Drywall Panels Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 19.        Paperless: Drywall Panels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Paperless: Drywall Panels Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 21.        Type X: Drywall Panels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Type X: Drywall Panels Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 23.        Others: Drywall Panels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Others: Drywall Panels Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 25.        Drywall Panels Market Revenue Share, by Application (2020 and 2028)

Figure 26.        Residential: Drywall Panels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Residential: Drywall Panels Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 28.        Non-Residential: Drywall Panels Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Non-Residential: Drywall Panels Market – Volume and Forecast to 2028 (Million Square Meters)

Figure 30.        Impact of COVID-19 Pandemic in Saudi Arabia Market

 

The List of Companies - Saudi Arabia Drywall Panels Market

  1. IKK Group of Companies
  2. Mada Gypsum
  3. EL-Khayyat Gypsum Factory
  4. United Mining Industries
  5. Knauf Gips KG
  6. National Gypsum Company
  7. Sinar
  8. Al Watani Gypsum Co. Ltd.
  9. USG Corporation
  10. Saint Gobain S.A.
  • Highlights key business priorities to assist companies realign their business strategies.

  • Features key findings and crucial progressive industry trends in the Saudi Arabia Drywall Panels market, thereby allowing players to develop effective long-term strategies.

  • Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.

  • Scrutinizes in-depth market trends as well as key market drivers and restraints.

  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
TIPRE00021609
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